Cathay Financial Holding (2882) investor relations material

Executive summary

• H1 2026 net income reached NT$76.516bn, up 15% YoY and setting a first-half record; net income plus after-tax FVOCI equity disposal gains totaled NT$165.9bn, above FY25 full-year levels.

• All major subsidiaries delivered record-high earnings and double-digit ROE, supported by robust business momentum across banking, insurance, asset management and securities.

• H1 comprehensive income was NT$504.494bn, versus a restated loss of NT$161.875bn; auditors issued an unmodified opinion on the interim consolidated statements.

Financial highlights

• Consolidated operating income was NT$156.8bn, up 21% YoY; net fee income rose 4% to NT$26.0bn.

• Net income to parent was NT$76.3bn; EPS was NT$4.95 and amount in retained earnings per share was NT$11.04.

• ROAE was 16.9% and ROAA 1.05% for H1 2026.

• Net worth reached NT$1.13tn; adjusted net worth including after-tax CSM was NT$1.58tn, and adjusted book value per share was NT$101.2 after preferred shares.

• H1 operating profit was NT$160.873bn, versus a restated operating loss of NT$47.540bn a year earlier; income before tax was NT$91.025bn versus a restated loss of NT$53.219bn.

Outlook and guidance

• Full-year double-digit loan growth target maintained, with corporate and foreign-currency loan momentum expected to continue; full-year NIM guidance raised to 1.63%-1.65%.

• Wealth management momentum expected to support double-digit net fee income growth.

• Cathay Life new business CSM expected to exceed the full-year NT$75bn target; health products accounted for ~60% of new business CSM.

• Dividend policy considers strong earnings, business needs, shareholder expectations and peer yields.