Brogent Announces Share Buyback, Plans to Repurchase 3 Million Shares Starting Tomorrow

To boost employee morale and strengthen team cohesion, Brogent Technologies Inc. (TWSE: 5263) announced today (April 8) that its Board of Directors has approved a share buyback plan. The company will repurchase up to 3,000 lots (equivalent to 3 million shares) of its common stock from the open market between April 9 and June 8, 2025. The buyback price range is set between NT$60 and NT$173 per share, representing approximately 4.25% of the company’s total outstanding shares. All repurchased shares will be allocated to employees, highlighting Brogent’s commitment to its team and confidence in long-term growth. The company noted that the buyback will be funded with internal capital and will not affect its financial stability.

Brogent noted that while the company's share price has recently declined—approaching its pandemic-era low of NT$86.8 when global human interaction was severely restricted—the current environment is vastly different. Historically, major global events have had limited long-term impact on the leisure and tourism sector. Aside from the COVID-19 pandemic, which caused a market contraction of more than 50%, other financial crises, such as the dot-com bubble and the global financial crisis, each resulted in less than 10% downturns, highlighting the industry’s resilience. Additionally, with the U.S. market accounting for only about 1% of its revenue in 2024, Brogent’s exposure to U.S. tariff policies remains minimal compared to its peers.

As global theme parks ramp up investment in new attractions, the demand for next-generation ride systems is on the rise. Brogent is well-positioned to meet this demand, thanks to its strong operational foundation and a diverse range of products and services that allow it to remain competitive—even in a high-tariff environment. Over the past two years, the company has expanded its product lineup to include the cost-effective o-Ride flying theater, now operating in Brazil, Japan, and Canada, as well as a new 4D motion theater launched in South Korea. Looking ahead, Brogent continues to offer a range of options across different price points and enhance its market presence.

With strong gross margins as a foundation, Brogent remains resilient in the face of tariff-related challenges. The company draws on its R&D and systems integration capabilities, sourcing core hardware from Taiwan while adapting other components to local market needs. Through thoughtful cost management and flexible supply strategies, Brogent continues to offer competitive pricing, ensuring stability and responsiveness in a shifting global trade environment.