Dong Fang Offshore Co., Ltd.

Dong Fang Offshore Co., Ltd.

TTWSE:7786
119.00
TWD
+0.50
(+0.42%)
10.89EPS
11.21P/E
21.64BMarket Cap
Nov 13Next Earn
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
6.56
24.22
34.73
44.58
65.78
71.21
Basic EPS, GAAP
1.03
4.41
6.96
7.94
11.11
10.98
Free Cash Flow per Basic Share
1.32
-13.56
6.64
3.01
-23.15
-30.41
Dividend per Share
0.14
1.34
0.6
0.98
1.97
- -
Book Value per Share
5.86
13.98
22.95
33.08
56.05
55.31
Tangible Book Value per Share
5.86
13.98
22.95
33.08
56.05
55.31
Basic Weighted Avg Shares
157
109
142
153
159
171
Sales/Revenue/Turnover
1,027
2,634
4,934
6,818
10,461
12,167
Operating Margin (%)
19.77
28.38
26.16
22.43
21.91
18.54
Depreciation Expense
15
178
206
279
347
378
Net Income, GAAP
162
479
989
1,215
1,767
1,875
Effective Tax Rate (%)
20.01
20.04
21.39
21.88
21.26
20.72
Profit Margin (%)
15.72
18.2
20.04
17.82
16.89
15.41
Working Capital
94
13
1,043
1,266
942
-778
LT Debt
161
1,773
1,606
1,273
2,211
4,164
Total Equity
917
2,189
3,593
5,179
9,829
9,732
Return on Invested Capital (%)
- -
21.5
20
18.76
18.16
15.51
Return on Capital (%)
- -
19.68
20.73
20.23
18.69
16.96
Return on Common Equity (%)
- -
30.87
34.2
27.7
23.55
24.41

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
549
774
285
LT Borrowings
1,921
2,283
3,895
LT Finance Leases
290
276
270
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
175
175
176
Market Capitalization
27,181
22,709
21,642

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
4,042
3,350
4,473
Cash, Cash Equivalents & STI
1,784
767
889
Accounts Receivable, Net
1,631
1,935
2,949
Inventories
14
14
13
Total Current Liabilities
3,100
3,965
5,252
Payables & Accruals
- -
- -
- -
ST Debt
549
774
285
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
89.79%
Free Cash Flow
- -
- -
-898.95%
Net Income, GAAP
- -
- -
45.42%
Sales/Revenue/Turnover
- -
- -
53.42%
Total Cash Common Dividend
- -
- -
108.83%

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,045
2,113
2,169
1,563
6,818
2025
1,153
3,207
4,037
2,063
10,461
2026
1,773
4,294
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
3.51
2.79
1.79
7.94
2025
1.63
3.2
4.23
1.99
11.11
2026
1.2
3.71
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.98
2025
- -
- -
- -
- -
1.97
2026
- -
- -
- -
- -
- -

Company Description

CEO
Pai Lin Chen
Sector
Transportation
Industry
Marine shipping
Address
Taichung Taiwan
IPO Date
Nov 18, 2025
Website
dfo.com.tw
Business
Dong Fang Offshore Co., Ltd. (TWSE: 7786) is a marine contractor providing integrated offshore support vessel chartering and engineering services for the offshore wind and marine energy sectors. Founded in 2019 as a specialized offshore marine subsidiary of Hung Hua Construction Co., Ltd., the company is headquartered in Taichung, Taiwan. Dong Fang Offshore serves offshore wind farm developers, engineering, procurement, construction, and installation (EPCI) contractors, original equipment manufacturers, and subsea engineering firms operating across the Asia-Pacific region, primarily in Taiwan, South Korea, and Japan. The company operates through specialized marine construction, vessel chartering, and offshore maintenance segments, offering a comprehensive suite of maritime assets and engineering solutions. Its core offerings include offshore support vessel chartering, comprising high-specification construction support vessels (CSVs), service operation vessels (SOVs), anchor handling tug supply (AHTS) vessels, dynamic positioning walk-to-work (W2W) vessels, and purpose-built crew transfer vessels (CTVs); subsea cable installation and repair services, including inter-array and export cable laying, pre-lay and post-lay trenching, cable pull-in, and subsea jointing; geophysical, geotechnical, and hydrographic site survey services; seabed intervention and site preparation, encompassing UXO identification and removal, boulder clearance, and seabed leveling; remotely operated vehicle (ROV) inspection, maintenance, and repair (IMR) services; offshore turbine operations and maintenance (O&M) logistics support, including technician transfer and offshore accommodation; and integrated marine project management, heavy transport logistics, and port agency services. In recent developments, Dong Fang Offshore completed its listing on the Taiwan Emerging Stock Board under ticker 7786, expanding its access to capital markets to support ongoing fleet enhancement and regional growth. Over the past two years, the company executed major fleet expansion initiatives through the acquisition and retrofitting of large-scale construction support and cable-laying vessels, including the Orient Constructor and Orient Surveyor, alongside the commissioning of next-generation crew transfer vessels. Additionally, Dong Fang Offshore secured multi-year marine service agreements for flagship Taiwanese offshore wind projects, such as the Hai Long and Greater Changhua developments, while establishing strategic partnerships with international offshore contractors and expanding its operational footprint into neighboring East Asian offshore wind markets, including South Korea and Japan.