ACC Posts EPS at NT$3.86, Cash Dividend Yield at 5.2 %, Steadily Rewards Shareholder Trust

Asia Cement Corporation (1102) held its 2025 Annual General Meeting on May 28th, 2025, demonstrated continued operational resilience and industry strength amid global economic volatility and pressure in cross-strait cement markets. In fiscal year 2024, consolidated net profit after tax reached NT$12.9 billion, with earnings per share (EPS) of NT$3.86. The meeting approved a cash dividend of NT$2.2 per share, with a cash dividend yield of 5.2%, surpassing the average level of the Taiwan stock market, underscoring its commitment to delivering stable returns to shareholders.

Since its listing in 1962, Asia Cement has achieved profitability for 63 consecutive years and distributed dividends for 40 consecutive years. Since 2018, it has consistently recorded annual net profits after tax surpassing NT$10 billion. Lee Kun-yen, President of Asia Cement stated that Asia Cement continues to deepen its core business and expand new growth drivers, mitigating risks through a diversified strategy, thereby strengthening its profit structure and maintaining long-term competitiveness. He emphasized that Asia Cement is a company with “a solid foundation, a broad vision, and a clear direction,” making it a solid partner worthy of shareholders’ long-term trust and commitment.

Asia Cement is vertically integrated across the upstream, midstream, and downstream of the construction market, encompassing cement, ready-mix concrete, and precast elements, extending to construction materials, thereby strengthening its overall market value chain. The company has further integrated AI into various aspects of its operations, including management, workplace safety, and sustainable governance, leveraging digital transformation to enhance decision-making efficiency and operational efficiency, establishing a new phase of competitive advantage.

Regarding its diversified operations, Asia Cement has actively diversified into sectors such as power generation, steel, and transportation, while strategically investing in companies like Far Eastern New Century and U-Ming Marine Transport to deepen its global market presence. In 2024, net profit from non-cement businesses and equity investments accounted for 49.48% of total operating profit, highlighting the maturity of its diversified profit model as a crucial driver of Asia Cement’s growth.

Committed to promoting transformation, Asia Cement released its first TNFD report, outlining a sustainable blueprint for coexisting with nature. The company also officially committed to the SBTi (Science-Based Targets initiative) to achieve a 1.5°C carbon reduction target by 2030, demonstrating a concrete response to global climate action. Asia Cement is the first in the industry to complete a full carbon footprint disclosure for all its products, with its low-carbon masonry cement achieving the lowest carbon label among industry peers. These achievements were not only recognized at the United Nations COP29 Climate Summit but also secured a place in the S&P Global Sustainability Yearbook for two consecutive years, ranking among the top 10% of the global building materials industry, thus establishing its position as an international sustainability leader.

Going forward, Asia Cement will continue to implement its core strategy of “Strengthening its Core Business, Expanding Diversification, and Advancing Sustainability,” balancing stable earnings with long-term value, and building a corporate structure with high resilience and global competitiveness. Asia Cement is demonstrating through its actions that it is a highly promising investment choice in the capital market.