Each year in the fourth quarter, each department prepares the annual budget for the following year. The Finance Department consolidates budgets or targets for sales, production, procurement, and payroll expenses, and prepares projected income statements, balance sheets, and cash flow statements for review by the management hierarchy. The results of the budget preparation are reported to the first board meeting of the following year by the Chairman or a designated representative, and the board approves them.
Every six months, the Finance Department consolidates the current financial statements and compares them with budgets and previous operational performance, submitting them to the board. During board meetings, operational policies are reviewed and improved upon. Kedge Construction publishes quarterly consolidated financial reports, annual consolidated financial reports, and individual financial reports on its official website
In summary, in 2025, the Company’s consolidated revenue was NT$21,494,724,000, an increase of 51% compared to 2024; consolidated net profit after tax was NT$1,242,843,000, and earnings per share after tax were NT$9.52. For other financial performance details and analysis, please refer to the Company’s annual report.
Kedge Construction Consolidated Financial Performance
The Company has analyzed its consolidated financial performance through the lens of GRI’s stakeholder economic value distribution. For the current fiscal vear, the directly generated economic value (comprising operating revenue and non-operating income) totaled NT$ 21,626,014,000, with a total distributed economic value of NT$ 20,847,264,000. The top three economic distribution categories were operating costs (90.64%), employee salaries and benefits (5.59%), and payments to providers of cap
Economic Value Generated and Distributed in the Past Three Years (Unit: Thousand NT$)
Annual Economic Value Distribution Breakdown
Green Deposits
Also referred to as a “Green Time Deposit,” this financial instrument enables corporations or investors to place fixed-term deposits with financial institutions. These funds are specifically earmarked to back the institution’s investment and underwriting initiatives in green projects or sustainability-focused enterprises, such as renewable energy development, pollution prevention, and green building construction.
Kedge has long been concerned with environmental changes, circular economy, energy conservation and carbon reduction, and green sustainability-related issues. The Company continues to support and care for this land through actions, implementing sustainable environmental concepts. By investing funds in green deposits, in addition to earning interest, this also serves as one of the ways to respond to ESG sustainable development. Kedge has consistently responded to and supported the green deposits or perpetual deposits launched by financial institutions. In 2025, it successively responded to the green or perpetual deposits launched by five banks, including Mega Bank (term commitment), Hua Nan Bank (term commitment), Land Bank of Taiwan, Chang Hwa Bank and KGI Bank. As of the end of 2025, the total amount of green and perpetual fixed deposits supported by Kedge and financial institutions was NT$1.2 billion (end-of-year balance).
In 2025, the Company invested NT$10 million in green bonds issued by Taiwan Semiconductor Manufacturing Company Limited (Bond Short Name: P11TSMC4C; ISIN/Code: B618D4). This bond issue has been officially certified and accredited as a green bond by the Taipei Exchange (TPEx).
Furthermore, since 2023, Kedge has successively collaborated with financial institutions to plan the integration of key sustainability performance indicators into credit conditions linked to borrowing and guarantee limits. Currently, the Company has signed financing contracts with sustainability-linked clauses with First Bank, Mega Bank, Chang Hwa Bank, Taishin Bank, and Shin Kong Bank. Achievement of these targets will effectively reduce financial cost expenditures, including but not limited to linking third-party certified water consumption, electricity consumption, greenhouse gas/carbon emission reductions, corporate governance rankings, and other ESG sustainability indicators. Combining banking capabilities, the Company jointly aims for net-zero sustainability as a future goal and will continue to obtain support from more financial institutions.
Sustainable Economic Activity Identification Guidelines
Kedge Construction, per industry classification by Directorate-General of Budget, Accounting and Statistics, belongs to Category F – Construction Engineering. The corresponding general economic activity in the “Sustainable Activity Identification Reference Guidelines” (hereinafter referred to as the Reference Guidelines) is “new buildings.” However, Appendix 16 of second version Reference Guidelines announced December 31, 2024, remains inapplicable to Kedge Construction revenue from new building construction economic activities. According to Appendix 27 of Reference Guidelines, Kedge Construction’s 2025 Tainan and Chiayi railway infrastructure construction and modernization projects align with general economic activity “infrastructure for road transport and public transport,” yielding the following measurement results:
