ESG NEWS

2026/05

Taiwan ECOVE Signals Strong Growth and Robust Profitability With 8-Year Streak of NT$10+ Dividend

TAIPEI, May 14, 2026— Today ECOVE Environment Corporation (ECOVE, TPEx:6803), a CTCI Group company, held an investor conference. In response to global net-zero transition and circular economy trends, ECOVE has simultaneously strengthened its presence across four major sectors: high-tech waste recovery, water reclamation, electromechanical facility construction/O&M, and energy-from-waste. Driven by its robust and diversified contract acquisition capabilities, ECOVE reported Q1 2026 revenue of NT$2.298 billion, a year-on-year increase of approximately 3.6%, with an earnings per share (EPS) of NT$4.54. The company plans to distribute a cash dividend of NT$15.81 per share, marking the 8th consecutive year that its dividend has remained above the NT$10 threshold. Looking ahead, the rising demand for resource cycling fueled by AI and high-tech industry expansions will further drive the company’s mid-to-long-term growth.

Targeting the lucrative high-tech zero-waste market, ECOVE is actively expanding its footprint in "high-tech waste recovery," recently securing multiple landmark achievements and successfully making entry into the high-tech supply chain. In collaboration with CTCI Corporation, the parent company within CTCI Group, the duo has successfully secured the construction and operation contract of a waste liquid thermal treatment center, as well as a waste sulfuric acid recovery investment project at the Southern Taiwan Science Park (STSP) Zero Waste Center. Furthermore, ECOVE has successfully executed the waste solvent recovery system project for UMC’s Circular Economy & Recycling Innovation Center. Through these flagship projects, ECOVE has demonstrated its end-to-end service capabilities—ranging from customized planning, construction, and operations to the sale of recycled products—offering tailored circular economy solutions for its clients. As production across AI and high-tech industries sees accelerated growth, demand for waste liquid, waste solvent, and acid treatment will increase. ECOVE will continue to replicate its mature Taiwanese expertise in high-potential markets, such as the U.S., Japan, and Germany.

In the water reclamation sector, ECOVE is actively preparing to capture the "blue gold" opportunities arising from climate change. In addition to operating the STSP Water Reclamation Plant, ECOVE will be responsible for the O&M work of the Hsinchu Seawater Desalination Plant, while partnering with CTCI Group to expand into markets such as the U.S. and Singapore. In the electromechanical facility construction and O&M sector, the company successfully secured utility facility maintenance contract for a leading global high-tech manufacturer, alongside equipment overhaul and facility upgrade contracts for energy-from-waste centers in central Kaohsiung and in Taitung. Simultaneously, ECOVE is actively developing electromechanical O&M businesses for transportation hubs, MRT system dynamic testing, and large-scale commercial facilities. These long-term O&M contracts, backed by high technical barriers to entry, serve as a stable cash flow moat for the company.

In the energy-from-waste sector, ECOVE holds an approximate 50% market share in O&M across Taiwan. Recently, the company has won the Keelung ROT (Rehabilitate-Operate-Transfer) and Chiayi BOT (Build-Operate-Transfer) projects. In addition, several of its solar power plants have successively completed grid connections, which not only expands ECOVE’s green energy generation capacity but also continues to inject growth momentum into its overall operations.

While achieving fruitful business results, ECOVE’s outstanding performance in ESG and sustainability has translated into a tangible competitive advantage in bidding. The company has ranked in the top 5% of the Corporate Governance Evaluation for TPEx-listed companies for 12 consecutive years and has been included in the S&P Global Sustainability Yearbook for two consecutive years. It has also received numerous accolades, including the National Enterprise Environmental Protection Award and the Commonwealth Magazine Excellence in Corporate Social Responsibility Award. Chairman of ECOVE J.J. Liao stated that the company will continue to leverage CTCI Group's resources to synergistically and steadily advance its circular economy business footprint and create long-term value for shareholders.