2026/03/02, Yunlin, Taiwan
SAI Reports Operating Performance for January–November 2025 and Provides Business Outlook
Global automotive wheel industry leader SuperAlloy Industrial Co., Ltd. (SAI, 1563 TT) announced its 2025 full-year operating results following today’s (March 2) Board meeting. Sai reported consolidated revenue of NT$6.977 billion for 2025. Due to more conservative order pull-in from automotive customers compared with the previous year, unit fixed costs increased. In addition, the depreciation of the U.S. dollar against the New Taiwan dollar impacted profitability. As a result, consolidated gross margin was 21%, consolidated profit before tax totaled NT$395 million, and net profit attributable to the parent company amounted to NT$318 million, translating into earnings per share (EPS) of NT$1.42. Sai places strong emphasis on shareholder returns. The Board approved the 2025 earnings distribution proposal, which provides for a cash dividend of NT$2.00 per share, consisting of NT$1.00 from earnings and NT$1.00 from capital surplus, representing a payout ratio of 70.42%. Based on the closing price of NT$43.45 on March 2, the implied cash dividend yield is approximately 4.60%, demonstrating the Company’s commitment to sharing operating achievements with all shareholders.
With Solid Cash Reserves and Strengthening Long-Term Growth Momentum, Board Approves Proposed 25% Cash Capital Reduction to Enhance Shareholder Value：
Sai’s Board of Directors today (March 2) resolved to proceed with a proposed 25% cash capital reduction, under which shareholders will receive NT$2.50 per share in cash. Following the capital reduction, the Company’s paid-in capital will be reduced to NT$1.692 billion. The proposal will be submitted to the Annual General Shareholders’ Meeting scheduled for May 20, 2026. Subject to shareholder approval and effective filing with the competent authority, the Chairman will be authorized to determine the capital reduction record date, the share exchange record date, and other related matters.
The capital reduction is primarily aimed at enhancing return on equity and optimizing the Company’s capital structure. Sai currently maintains a solid cash position, and its mid-term capital expenditure plans are clearly defined, including land acquisition, plant construction, and equipment investments for capacity expansion, all of which are progressing as scheduled. In addition, the continued deployment of recycled aluminum inventory into production and its monetization through sales are expected to generate stable and recurring operating cash inflows. While balancing operational growth, ongoing investments, and financial stability, and given the Company’s high degree of flexibility and visibility in capital allocation, the Board determined that the cash capital reduction will further optimize the capital structure, improve capital utilization efficiency, and enhance overall shareholder value.
Operating Margin Expected to Remain at Double-Digit Levels; Return to Growth in 2026 with Long-Term Target Maintained at 15–20%
Starting in 2026, Sai expects to return to a growth trajectory. The Company’s long-term operating targets remain unchanged, with a strategic focus on value-added products and process optimization, steadily progressing toward an operating margin of 15–20%. Leveraging its long-standing partnerships with global luxury automakers, Sai continues to reinforce its leadership position in the global high-end forged aluminum wheel market.
Semiconductor Business to Begin Contributing Revenue in the Second Half of This Year; Non-Wheel Products Target 40% of Total Revenue Within Three Years
Sai is targeting high-margin front-end components for advanced semiconductor manufacturing equipment and is fine-tuning its existing production facilities to enable efficient mass production and maximize return on investment. The business is expected to begin contributing revenue in the second half of 2026. Within three years, the Company aims to increase the contribution of semiconductor and other non-wheel products to 40% of total revenue, positioning this segment as a stable long-term growth engine.
Recycled Aluminum Products Drive Profitability Enhancement and Expand into Diversified Market Applications
Looking ahead, Sai noted that its recycled aluminum products have been adopted by seven brand customers, with the current adoption rate approaching 40%. The Company is also in discussions with multiple industry customers, including semiconductor equipment manufacturers, forging companies, and extrusion manufacturers, regarding the use of its recycled aluminum material RESAICAL® in the production of key components. By the end of 2026, the monthly adoption rate is expected to increase to 50%. In addition, the Company’s second aluminum melting facility, with an annual capacity of 100,000 tons, is scheduled for completion in 2026, providing further momentum to support future growth.
(Table 1) Sai 2025 Full-Year Financial Summary Unit: NTD/ Thousand ; %
| Year
Period |
2025 | 2024 | YoY
（％） |
| Consolidated Revenue(NT$K) | 6,977,352 | 7,473,579 | -6.64 |
| Net profit after tax(NT$K) | 318,191 | 755,484 | -57.88 |
| EPS($) | 1.42 | 3.30 | -56.97 |
(Table 2) Sai (1563) Dividend Policy in Recent Years Unit: NTD/ Thousand ; %
| Year
Period |
2025 | 2024 | 2023 |
| Cash Dividend per share | 2.0 | 2.2 | 1.8 |
| Stock Dividend per share | 0 | 0 | 0 |
Contact:
Kelly Wang, SAI Investor Relation and Finance Manager
Phone: (05)551-2288 #204
E-mail: kelly.wang@superalloy.tw
Vicky, IR Trust Vice President
Phone: (02)2585-5701/0920-286136
E-mail: vicky@ir-trust.tw
About SuperAlloy Industrial Company Ltd. (SAI, 1563 TT):
Established in 1994, with forging as its core technology, SAI produces bicycle components, golf club heads and defense industry components. It is Taiwan’s first manufacturer to forge golf club heads using aerospace-grade titanium alloy. In 2000, SAI entered the automobile parts industry and developed forged aluminum alloy wheels. In 2002, SAI shipped products to General Motors in the United States, successfully transforming into a Tier 1 automobile component supplier. SAI’s sales regions cover North America, Europe, Japan and other areas while its customers mainly include well-known luxury vehicle manufacturers.
SAI upholds three core business principles: leading technology, customer priority and sustainability. SAI is committed to providing customers with comprehensive services by combining materials, process technology and equipment, continuously enhancing its forging and machining techniques. In 2011, SAI successfully entered the field of automotive suspension system components, achieving another remarkable performance. In the future, through continuous innovation and improvement, SAI aims to ensure the company’s continuous growth and prosperity, working towards the goal of sustainable operation. SAI Official Website: www.superalloy.tw
Disclaimer:
This document and the related information released simultaneously contain forward-looking statements. Except for statements regarding facts that have already occurred, all statements regarding SAI (hereinafter referred to as the Company) regarding its future business operations, potential events, and outlook (including, but not limited to, forecasts, targets, estimates, and operational plans) are considered forward-looking statements. Forward-looking statements are subject to various factors and uncertainties that may cause significant differences from actual circumstances. These factors include, but are not limited to, price fluctuations, actual demand, exchange rate fluctuations, market share, market competition, changes in legal, financial, and regulatory frameworks, international economic and financial market conditions, political risks, cost estimates, and other risks and variables beyond the Company’s control. These forward-looking statements are based on current forecasts and assessments, and the Company is not responsible for updating them in the future.
