The 2026 Annual Shareholders’ Meeting was held on May 29 and was chaired by Chairman Shane Ou Yang.
During the meeting, Globe Union reviewed its operating performance for 2025. Although net income after tax turned into a loss due to the recognition of income tax on repatriated earnings from subsidiaries and the undistributed earnings tax, the core business remained profitable. In light of this, a cash dividend of NT$0.1 per share was approved in the meeting.
In presenting the 2025 business report, Chairman Shane Ou Yang noted that, in response to fluctuations in the global economic environment, Globe Union has completed three key strategic initiatives. These efforts have not only strengthened operational foundation and management capabilities, but also established more stable conditions for future development:
- Supply Chain Adjustment: Globe Union successfully implemented its “China +1” supply chain strategy. By the end of the third quarter of last year, the company was able to fully meet demand from all U.S. customers for faucet products through its strategic partner in Thailand. This not only stabilized existing customer orders but also enabled the full recovery of its OEM/ODM business.
- Operational Structure Adjustment: Globe Union executed organizational streamlining and management optimization, enhancing overall operating efficiency and improving its cost structure, thereby laying a solid foundation for future profitability.
- Brand Development: Globe Union’s own brand GERBER has successfully expanded from wholesale channels into major retail channels in North America, broadening its brand presence and market coverage.
Looking ahead, Globe Union will continue to focus on its core business, enhance operational efficiency through digital transformation and supply chain optimization, and expand its global market presence. Amid the continuously evolving external environment, Globe Union will steadily advance its strategic initiatives, strengthen its brand capabilities, and strive to achieve long-term sustainable growth.
