TAICHUNG, Taiwan (BRAIN) Giant Groups net revenue through the first three quarters of its fiscal years was down 16.9% from last year, to NT$47.96 billion ($1.55 billion). The manufacturer said its gross margin for the period was 19.8% and net profit before tax was NT$1.43 billion. Net profit after tax was NT$910 million and earnings per share was NT$2.31.

Revenue in the third quarter was 24.9% down year-over-year, but gross margin for the quarter was up to 21.5%, compared to 18.5% in the quarter last year, an improvement the company said was mainly driven by promotional efforts for own-brand products during peak season and inventory provision reversals from sales.

Giant said its OEM business saw nearly 20% growth in sales during the first three quarters, supported by recovering demand in Europe. Sales of its own brands recovered somewhat in Europe.

While regional performance varied, the overall trend is stabilizing, the company said in a release Friday. In the U.S., consumer sentiment remained cautious due to tariff policies and macroeconomic factors. In China, revenue declined due to a high base period last year. As the year-end holiday season approaches, the Group will continue to adjust market strategies flexibly to enhance sales performance.

The company said e-bikes were 25% of its revenue for the first nine months of the year, a slight decline from the percentage last year.

Looking ahead, Giant Group will continue to strengthen operational resilience, respond flexibly to market changes, and steadily advance its business strategies to create lasting value and meet the expectations of global consumers, the company said.