TAIPEI (BRAIN) — Taiwanese bike makers Merida Industry and Ideal Bike are each reporting sales declines in April, following on declines reported for the first three months of the year.
The companies filed monthly revenues figures with the Taipei stock exchange Friday. The monthly reports do not include profitability details.
Merida down 14.3%
Merida reported sales revenues in April of NT$2.19 billion ($69.9 million), down 14.3% from April 2025. Through the first four months of the year, Merida’s sales were down 24.1% over the same period last year.
The company’s board will meet next week to approve its full first-quarter financial report.
Ideal down 21.6%
Ideal Bike reported April sales of NT$204 million ($6.5 million), which was down 21.6% from the same month last year. Through the first four months of 2026, Ideal’s revenue was down 31.2%.
Ideal also released its 2025 annual report this week, showing an annual loss of NT$452.7 million after tax, compared to a 2024 annual loss after tax of NT$232.9 million.
It said it sold 109,000 bicycles in 2025, with 63% of its sales by value in Europe, 19% in America, 17.5% in Asia and less than 1 percent in other regions.
The annual report does not include a 2026 earnings forecast but Ideal said it would increase development of e-bikes and motor systems, focus on sales in Europe and developing markets, and “effectively manage key material supply sources and production capacity allocation.”
Ideal has factories in Taiwan, Poland, and Dongguan, China. During 2025, Ideal shifted distribution of its bike brands in the U.S. from BikeCo to its own PGW distribution arm.
Giant releases first-quarter profit figures
Giant shared a press release Friday with first-quarter profitability numbers. The stock exchange has not published Giant’s April revenue figures yet.
