Leopard Energy's Path to a High Dividend Era: 2026 Payout Ratio to Reach 80%
Preface
Leopard Energy (6869-TW) announced today (20th) its strategic plans and future outlook. General Manager Zhao Shumin highlighted that, with substantial growth in green electricity sales and energy storage businesses, the company's operations this year are set to surpass last year's performance. Next year's prospects are also looking optimistic. With stable operations and profitability, Leopard Energy aims to further its high dividend policy, stepping into the "high dividend era" by 2026 with a payout ratio reaching 80%. From left to right: Leopard Energy spokesperson Zhang Jianwei, General Manager Zhao Shumin, Deputy GM Tan Yuxuan.
Lazy bag
Leopard Energy is experiencing robust growth in green energy and storage sectors. The company is committed to a high dividend policy with a payout ratio of 80% by 2026, highlighting its sustainable investment potential.
Main Body
Leopard Energy has strategically positioned itself for significant growth across multiple sectors, including photovoltaics, energy storage, green electricity trading, water treatment, and asset management. This diverse business portfolio has enabled the company to steadily expand its operations, reflecting a commitment to long-term shareholder value and a forward-looking low-carbon strategy.
Recently, Leopard Energy has shown impressive operational resilience and growth momentum, particularly in the green energy and storage engineering sectors. In the second quarter of this year, the company reported revenues of NT$25.9 billion, marking a 156% year-on-year increase. The profit attributable to the parent company was NT$5.22 billion, a significant 290% increase from the previous year, making it the second-highest quarterly net profit in the company's history. For the first half of the year, revenue stood at NT$35.9 billion, with engineering income contributing NT$20.4 billion—representing 56.8% of total revenue and electricity sales contributing NT$10.9 billion—accounting for 30.5% of total revenue. The net profit attributable to the owners of the parent company was NT$2.8 billion, with earnings per share (EPS) of NT$2.06.
General Manager Zhao has noted the consistent and steady net profit growth over the past three years, with an EPS of NT$4.03 in 2022, NT$8.77 in 2023, and projected NT$8.89 in 2024. This stable profit structure lays the foundation for the company's high dividend policy. The commitment to high dividends is not a short-term trend but an extension of the group's long-standing stable business operations, symbolizing a mature corporate infrastructure and a steadfast promise to reward shareholders.
Since its listing, Leopard Energy has adhered to the principles of steady dividends and long-term returns. With several green energy projects nearing completion and contributing to the grid, alongside revenue contributions from subsidiaries, the group is poised to enter the 'high dividend era' by 2026, with a payout ratio reaching 80%. This approach demonstrates their resolve to share growth with shareholders.
Key Insights Table
| Aspect | Description |
|---|---|
| Revenue Growth | Second quarter revenue reached NT$25.9 billion with a 156% year-on-year increase. |
| High Dividend Era | Expected to reach an 80% payout ratio by 2026. |