Makalot Industrial (F.Y. 2024-2025)

Executive Summary
Makalot Industrial Co., Ltd. is a Taiwan garment manufacturing company established in 1990. The company manufactures products and sells the product to its subsidiaries countries such as Vietnam, Bangladesh, Cambodia, Indonesia, and Salvador. In 2025, the company’s operating revenue is NT$23.90 billion and net profit NT$3.67 billion. During 2025, the company’s sales and profit declined. The company focuses on product quality, efficient supply chain management, and large-scale production.
Company Overview
Makalot Industrial Co., Ltd. is a Taiwan garment manufacturing company established in 1990. Headquartered in Taipei City, Taiwan. The company is listed on the Taiwan stock exchange under stock code 1477. The main business of this is manufacturing, processing, and export of garments and apparel products globally to retailers. This company operates a wide network of subsidiaries in countries such as Vietnam, Bangladesh, Cambodia, Indonesia, and Salvador. The company has strong customers internationally. The company focuses on product quality, efficient supply chain management, and large-scale production.

Industry overview
Makalot Industrial Co., Ltd. operates in garments and apparel manufacturing globally. The company’s business focuses on producing the clothing products to customers globally. This product is sold to international brands and retailers used for fashion trends, growing population, and rising demand for casual wear and sportswear. The clothing industry is highly competitive and focuses on product quality, cost efficiency, innovation, etc. The company is also focused on customer needs , innovation, and sustainability. The company faced challenges such as rising labour costs, supply chain.
Financial Performance (NT$)
Particulars | 2025 | 2024 |
Operating revenue, net | 34,428,057 | 35,523,576 |
Operating costs | 25,864,239 | 26,532,489 |
Gross profit from operations | 8,563,818 | 8,991,087 |
Operating expenses | ||
Selling expenses | 2,022,835 | 1,945,497 |
Administrative expenses | 1,859,347 | 1,754,512 |
Impairment loss | 1,134 | (8,532) |
Total operating expenses | 3,883,316 | 3,691,477 |
Net operating income | 4,680,502 | 5,299,610 |
Non-operating income and expenses: | ||
Interest income | 82,866 | 99,888 |
Other income | 42,168 | 43,943 |
Other gains and losses | 57,134 | 130,631 |
Finance costs | (325,289) | (372,339) |
Share of profit | 54,489 | 40,800 |
Total non-operating income and expenses | (88,632) | (57,077) |
Profit before income tax | 4,591,870 | 5,242,533 |
Less: income tax expenses | 922,473 | 1,070,727 |
Profit | 3,669,397 | 4,171,806 |
Source: Annual Report of Makalot Industrial Co., Ltd.
Key Financial Ratio
Ratio | 2025 | 2024 |
Current ratio | 1.86 | 2.01 |
Quick ratio | 1.27 | 1.30 |
Operating margin | 13.60% | 14.92% |
Net profit margin | 10.66% | 11.74% |
ROA | 15.35% | 17.98% |
ROE | 25.89% | 28.25% |
Source: Annual Report of Makalot Industrial Co., Ltd.



SWOT Analysis
Strengths 1.The company has a strong global market. 2.This company is well-established over 35 years. 3.The company has strong international brands and retailers. | Weaknesses 1.The company highly depends on the garment industry. 2.During 2025, the company’s sales and profit declined. 3.The company business can be affected by change in exchange rate. |
Opportunities 1.The company’s demand is growing for sportswear and casual wear. 2.The company focuses on sustainable and eco-friendly products. 3.The company is adopting advanced technologies. | Threats 1.The company has strong competition from garment manufacturers. 2.There can be transportation challenges. 3.There can be economic slowdown and uncertainty in the market. |
Conclusion
Makalot Industrial Co., Ltd. is a Taiwan garment manufacturing company established in 1990. The company manufactures products and sells the product to its subsidiaries in countries such as Vietnam, Bangladesh, Cambodia, Indonesia, and Salvador. In 2025, the company’s operating revenue is NT$23.90 billion and net profit NT$3.67 billion. During 2025, the company’s sales and profit declined. The company focuses on product quality, efficient supply chain management, and large-scale production. The company faced challenges such as rising labour costs, supply chain, high competition, and change in market. Makalot Industrial is a well-established company for future growth.