Net Profit Surges 44.8%! Maxxis Rubber Invests 650 Million for Overseas Expansion

Recently, Maxxis Rubber Industry Co., Ltd. (Stock Code: 2105) released two important announcements in succession, not only delivering impressive financial results with both revenue and net profit increasing in the first half of 2026, but also announcing that the board of directors has approved a plan for cash capital increase in its wholly-owned Indonesian subsidiary, further reinforcing its layout in core Southeast Asian markets.

Net Profit Increases Significantly by 44.8% in First Half of Year, Driven by Product Price Hikes and Demand Recovery

Financial report data shows that Maxxis Rubber's operational performance in the first half of 2026 was steady, with revenue reaching 48.618 billion New Taiwan Dollars, a year-on-year increase of 4.92%; gross profit was 12.075 billion New Taiwan Dollars, operating profit was 4.841 billion New Taiwan Dollars; net profit attributable to the parent company's shareholders reached 3.415 billion New Taiwan Dollars, a significant year-on-year increase of 44.8%, with earnings per share (EPS) at 1.05 New Taiwan Dollars.

Among them, the second quarter became the main engine driving performance growth in the first half of the year. After-tax profit for the single quarter was 1.553 billion New Taiwan Dollars, earnings per share 0.48 New Taiwan Dollars, year-on-year growth as high as 71.6%, with profit momentum accelerating significantly.

Regarding the reason why profit growth significantly outpaced revenue growth, Maxxis Rubber stated that this mainly benefited from the continuous heating up of global tire market demand, as well as reasonable price hikes for products. In addition, affected by international geopolitical situations, the tight supply and price increases of some raw materials also pushed up tire product prices to a certain extent, further increasing the enterprise's profit space.

Invests 650 Million for Capital Increase in Indonesia, Deepening Overseas Localization Operations

Under the support of improving performance, Maxxis Rubber accelerated its overseas expansion pace. On August 12, after resolution by the audit committee and board of directors, Maxxis Rubber planned to inject cash capital of 20 million US Dollars (approximately 646 million New Taiwan Dollars) into its Indonesian subsidiary PT. Maxxis International Indonesia, which it holds 100% of. This capital increase will be used exclusively to bolster the subsidiary's working capital, covering daily operations, production line upgrades, and local business expansion.

It is reported that PT. Maxxis International Indonesia is located in West Java Province, Indonesia, focusing on two-wheeler tire manufacturing and production. It has currently established 150 offline terminal stores, and the local channel has taken initial shape. Adding this capital increase, the cumulative investment amount of Maxxis Rubber in the Indonesian subsidiary has reached 240 million US Dollars (approximately 7.754 billion New Taiwan Dollars).

Indonesia is the largest motorcycle market in Southeast Asia. This capital increase will accelerate local production line optimization and local raw material procurement, reduce cross-border logistics and tariff costs, and improve regional market response speed. Against the background of intensifying global trade barriers, this move will effectively perfect Maxxis' "local production, local sales" system, avoid trade risks, and solidify its market competitiveness in ASEAN.

Strategic Focus on Main Business, Global Capacity Layout Continues to Deepen

This capital increase is not a single capacity expansion, but the important implementation of Maxxis Rubber's structural optimization. Recently, Maxxis has continued to clear non-core assets, streamline inefficient businesses, and concentrate resources on the tire main business and high-potential overseas markets.

Maxxis Rubber, founded in 1967, holds two core brands: Cheng Shin and Maxxis, with products covering all categories of tires. It has a global layout of more than 20 production bases, and its business radiates to over 200 countries and regions. Faced with fierce competition in the global tire industry, the Maxxis management team has established a clear growth route: focusing on European high-end automaker supply chains, developing high-value-added products, and continuing to deepen penetration in potential markets such as Indonesia and India.

Industry insiders point out that with the increasingly fierce competition in the Southeast Asian tire track, leading companies are all ramping up. Relying on the empowerment of this capital increase, combined with mature technology, perfect channels, and local capacity advantages, Maxxis Rubber is expected to continue to seize ASEAN market share and open up long-term growth space through overseas increments.