Cowell e (1415) investor relations material

Executive summary

• Revenue for the six months ended 30 June 2026 was $1,604.7 million, up 18.0% year-over-year, driven by increased customer demand, higher shipments of high-end products, and product mix optimization.

• Net profit attributable to equity shareholders rose 33.3% to $89.9 million compared to the same period in 2025, reflecting improved profitability.

• The business maintained its leading position in precision optical modules, leveraging R&D and supply chain strengths amid industry transformation.

Financial highlights

• Gross profit increased to $180.1 million from $155.7 million year-over-year.

• Operating profit reached $108.4 million, up from $94.7 million in the prior-year period.

• Basic earnings per share rose to $0.104 from $0.078, a 33.3% increase year-over-year.

• Total assets stood at $1,514.1 million, with total equity of $812.7 million as of 30 June 2026.

• Cash and cash equivalents were $404.0 million, supporting a strong liquidity position.

Outlook and guidance

• The global economic growth forecast was revised to 3.0% by the IMF, with technology sector investment and AI-related demand providing support.

• The Group expects continued growth driven by AI, digital transformation, and expanding applications for optical technologies.

• Focus remains on R&D, talent acquisition, and expanding into new markets, with an emphasis on AI-driven innovation and manufacturing efficiency.

• No interim dividend recommended to preserve resources for future growth and market challenges.