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National Petroleum Co 9937.TW · TWD

Consumer Discretionary · Taiwan Stock Exchange · 🇹🇼 Taiwan

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54.10

-0.55%

Close of 9 Nov 2026, in TWD

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At a glance

Figures in TWD, from our data supplier.

FY2025

Revenue

TWD 22.54bn

FY2016FY2025

Net income

TWD 730.0m

FY2016FY2025

Free cash flow

TWD 846.7m

FY2016FY2025

Shareholders' equity

TWD 5.82bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueTWD 22.54bnTWD 24.03bnTWD 24.54bnTWD 24.16bnTWD 21.20bnTWD 18.36bnTWD 22.93bnTWD 22.76bnTWD 19.75bnTWD 18.08bn
Gross profitTWD 2.20bnTWD 2.77bnTWD 2.73bnTWD 2.58bnTWD 2.57bnTWD 2.44bnTWD 2.50bnTWD 2.31bnTWD 2.16bnTWD 2.06bn
Operating incomeTWD 765.4mTWD 798.4mTWD 832.9mTWD 954.8mTWD 1.06bnTWD 1.02bnTWD 966.5mTWD 758.8mTWD 681.7mTWD 642.7m
Net incomeTWD 730.0mTWD 738.1mTWD 783.0mTWD 724.8mTWD 810.7mTWD 793.1mTWD 737.6mTWD 735.5mTWD 687.4mTWD 705.9m
Diluted earnings per share2.352.392.532.342.612.562.392.382.222.27

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsTWD 12.03bnTWD 12.47bnTWD 12.41bnTWD 12.28bnTWD 12.78bnTWD 12.25bnTWD 13.23bnTWD 10.02bnTWD 8.75bnTWD 7.74bn
Cash and short-term investmentsTWD 430.2mTWD 537.7mTWD 691.8mTWD 778.0mTWD 1.09bnTWD 947.2mTWD 1.05bnTWD 895.6mTWD 1.16bnTWD 395.6m
Total liabilitiesTWD 6.20bnTWD 6.77bnTWD 6.87bnTWD 6.93bnTWD 7.42bnTWD 7.02bnTWD 8.26bnTWD 5.21bnTWD 4.03bnTWD 3.05bn
DebtTWD 1.90bnTWD 2.38bnTWD 2.28bnTWD 2.30bnTWD 2.97bnTWD 3.13bnTWD 3.98bnTWD 11.8m—TWD 880.0m
Shareholders' equityTWD 5.82bnTWD 5.70bnTWD 5.55bnTWD 5.35bnTWD 5.33bnTWD 5.21bnTWD 4.97bnTWD 4.81bnTWD 4.72bnTWD 4.69bn
Shares outstanding311m309m309m310m311m310m308m309m310m311m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsTWD 969.4mTWD 1.17bnTWD 1.45bnTWD 1.56bnTWD 2.02bnTWD 992.6mTWD 1.37bnTWD 1.08bnTWD 2.56bnTWD 948.8m
Capital spending−TWD 122.7m−TWD 368.9m−TWD 328.7m−TWD 185.6m−TWD 320.4m−TWD 466.4m−TWD 882.9m−TWD 549.7m−TWD 175.5m−TWD 121.0m
Free cash flowTWD 846.7mTWD 798.0mTWD 1.12bnTWD 1.37bnTWD 1.69bnTWD 526.3mTWD 488.4mTWD 528.0mTWD 2.39bnTWD 827.8m
Dividends paid−TWD 649.0m−TWD 649.0m−TWD 649.0m−TWD 649.0m−TWD 710.8m−TWD 618.1m−TWD 618.1m−TWD 618.2m−TWD 618.1m−TWD 432.7m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueTWD 6.34bnTWD 5.40bnTWD 5.54bnTWD 5.61bnTWD 5.59bnTWD 5.80bnTWD 5.95bnTWD 6.19bn
Gross profitTWD 554.1mTWD 720.8mTWD 149.0mTWD 690.1mTWD 669.7mTWD 692.5mTWD 699.0mTWD 699.1m
Operating incomeTWD 193.0mTWD 228.7mTWD 214.5mTWD 198.7mTWD 180.6mTWD 188.9mTWD 220.8mTWD 185.9m
Net incomeTWD 198.5mTWD 202.7mTWD 190.8mTWD 203.6mTWD 172.5mTWD 163.2mTWD 195.6mTWD 192.4m
Diluted earnings per share0.640.650.610.650.550.520.630.62
Cash from operations−TWD 672.0mTWD 1.91bnTWD 227.0mTWD 355.0m−TWD 1.62bnTWD 1.97bnTWD 323.0mTWD 399.0m
Capital spending−TWD 21.0m−TWD 6.0m−TWD 10.0m−TWD 30.0m−TWD 11.0m−TWD 71.0m−TWD 44.0m−TWD 72.0m
Free cash flow−TWD 693.0mTWD 1.91bnTWD 217.0mTWD 325.0m−TWD 1.63bnTWD 1.90bnTWD 279.0mTWD 327.0m
Total assetsTWD 12.95bnTWD 13.85bnTWD 12.03bnTWD 11.98bnTWD 12.40bnTWD 14.12bnTWD 12.47bnTWD 12.35bn
Cash and short-term investmentsTWD 1.37bnTWD 2.17bnTWD 380.2mTWD 283.1mTWD 643.0mTWD 2.40bnTWD 587.1mTWD 363.5m
DebtTWD 238.4mTWD 222.9mTWD 650.0mTWD 2.23bnTWD 1.91bnTWD 3.76bnTWD 2.29bnTWD 2.39bn
Shareholders' equityTWD 5.54bnTWD 6.00bnTWD 5.82bnTWD 5.66bnTWD 5.38bnTWD 5.86bnTWD 5.70bnTWD 5.49bn

Financial ratios

Data as of 28 Sept 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin9.8%11.5%11.1%10.7%12.1%13.3%
Operating margin3.4%3.3%3.4%4.0%5.0%5.6%
Net margin3.2%3.1%3.2%3.0%3.8%4.3%
Return on equity12.5%13.0%14.1%13.5%15.2%15.2%
Return on assets6.1%5.9%6.3%5.9%6.3%6.5%
Free cash flow yield6.5%9.2%10.7%10.4%13.9%8.7%
Revenue growth-6.2%-2.0%1.5%14.0%15.5%-19.9%
Earnings growth-1.1%-5.7%8.0%-10.6%2.2%7.5%
Current ratio0.20x0.22x0.24x0.27x0.32x0.31x
Debt to equity0.33x0.40x0.06x0.39x0.14x0.21x
Equity ratio48.4%45.7%44.7%43.6%41.7%42.5%
Interest coverage26.87x26.48x30.53x28.75x26.19x21.11x
Buybacks as a share of market value-0.6%0.0%0.4%0.1%-0.3%-0.5%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue-2.3%4.2%0.9%
Operating income-7.1%-5.6%12.9%
Net income0.2%-1.6%4.0%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin10.7%10.8%11.3%10.9%
Operating margin3.4%3.5%4.0%3.6%
Net margin3.2%3.1%3.4%3.3%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings24.326.427.822.018.819.818.816.917.817.5
Price to sales0.80.80.90.70.70.80.60.60.60.7

Dividends and splits

Per share, in the currency the company pays

Paid for 25 years. Last went ex-dividend on 16 Jul 2026.

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Paid in the year2.202.102.102.102.102.302.002.00
  • 1.075-for-1 split · 4 Aug 2004
  • 1.075-for-1 split · 7 Aug 2002
  • 11-for-10 split · 26 Jul 2001
  • 1.13-for-1 split · 14 Nov 2000
  • 1.135-for-1 split · 27 Jul 1999
  • 1.15-for-1 split · 17 Jul 1998

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.