Hotung Investment Holdings Limited returned to the black in the six months ended Jun 30 2026, posting a net profit of NT$73.9 million against a net loss of NT$201.6 million a year earlier, lifted chiefly by sizeable capital gains from divestments in its investment portfolio.
The venture-capital and fund-management group booked revenue of NT$215.9 million, a sharp turnaround from the NT$127.1 million negative revenue reported in 1H 2025, when market volatility drove fair-value losses. Basic earnings per share recovered to NT$0.54 from a loss per share of NT$2.21 in the prior-year period. No interim dividend was declared; the group paid a NT$2.55 per-share final dividend for FY 2025 during the half-year.
Performance was driven by NT$178.2 million of net gains on financial assets at fair value through profit or loss, reversing a NT$133.1 million loss a year earlier. Distribution income from fund investments moderated to NT$10.5 million from NT$32.9 million. Operating expenses rose 23 per cent year-on-year to NT$82.5 million, reflecting higher staff and administrative costs.
By segment, the Investments division delivered external revenue of NT$206.9 million and pre-tax profit of NT$84.3 million, versus a loss in the preceding period. The Fund Management unit generated external revenue of NT$9.0 million and pre-tax profit of NT$49.0 million, up from NT$19.5 million a year earlier.
Tax expense climbed to NT$59.3 million from NT$7.4 million, largely due to taxes on investment disposals and higher deferred tax provisions tied to undistributed earnings. Meanwhile, group cash and cash equivalents declined by NT$465.6 million to NT$1.64 billion after NT$461.9 million of new investments, NT$65.2 million of tax payments and the NT$240.6 million dividend payout for FY 2025, partially offset by NT$405.9 million of divestment proceeds.
Looking ahead, Hotung said it will concentrate on “driving steady growth and sustainable revenue under uncertain market conditions” by prioritising portfolio resilience and pursuing high-value opportunities. Management added that strict risk controls and disciplined capital deployment will underpin efforts to preserve capital stability and deliver consistent long-term value.