TAICHUNG, Taiwan (BRAIN) — Giant Group is reporting a strong second quarter, with improved revenues and profits compared to the same period last year.
While the company’s first-half revenue and net profit figures were down due to a weak first quarter, the second quarter contained more good news, including year-over-year revenue increases in May and June.
Giant’s net profits after tax in the second quarter were NT$630 million ($19.52 million), a 234% increase over Q2 2025. Revenue in the second quarter was NT$16.67 million, up 5.8% year over year.
“Giant Group's Own-Brand business showed strong resilience in the first half of the year,” the company said in a release Friday. “Sales growth in the European and U.S. markets was driven by the launch of new model-year bikes, while the China market returned to a growth trajectory in Q2, with the cumulative rate of decline continuing to narrow. Particularly in Q2, strong sales of the new flagship aero road bike, Propel, under the GIANT brand, combined with a significant increase in the proportion of high-margin Own-Brand products and little need for heavy clearance discounts, substantially improved the overall profit structure.”
Giant files monthly revenue reports with the Taipei stock exchange, which BRAIN reported last month. The monthly reports do not contain profitability numbers or company comments, however.
While the trend is positive, looking at Giant's full first-half figures released Friday reveals less-positive results: First-half net profit after tax was NT$435 million, down from NT$560 million in the first half last year. Revenues for the half were down 10.5%.
But the strong second quarter helped pull up Giant's overall gross margin rate in the first half. That half-year margin was 19.1% last year and 22.3% this year.
Giant said it was “cautiously optimistic” about the rest of its fiscal year.
“Inventory adjustments in the European market are nearing completion, and with the arrival of the traditional peak sales season and the global roll-out of new model-year bikes, demand has recovered significantly,” the company said. “The China market continues to benefit from steady demand driven by the cycling trend, delivering stable market performance. However, consumer trend in the U.S. market remains conservative due to geopolitical factors and external uncertainties; the group will closely monitor market changes to respond flexibly.
“In the face of challenges in the global macroeconomic environment, Giant Group will continue to drive up the proportion of high-margin products through the introduction of new products, while leveraging its strong brand influence and global channel resilience to maintain a steady operational pace and earnings quality.”
The company release did not mention the Withhold Release Order (WRO) that prevents it from exporting bikes from its Taiwan factory to the U.S. The WRO prevents it from selling some of its high-end carbon fiber bikes in the U.S. market. Legal experts BRAIN has spoken with say that a resolution of the WRO could take months longer.
