EVA Airways (2618) investor relations material

Executive summary

• Q1 2026 consolidated operating revenue rose 10.1% year-over-year to NT$60.516 billion, with net profit attributable to owners up 39.4% to NT$8.268 billion and EPS at NT$1.53.

• Passenger revenue hit a record NT$40.3 billion, up 10.7% year-over-year, with load factor rising to 84.1% and strong demand on long-haul and Northeast Asia routes.

• Cargo revenue increased 4.1% to NT$13.2 billion, supported by AI equipment demand, e-commerce, and supply chain shifts amid geopolitical tensions.

• Strategic focus on flexible aircraft deployment, network expansion, and premium service offerings drove resilience and growth.

• Total comprehensive income for Q1 2026 was NT$8.46 billion.

Financial highlights

• Group operating revenue rose 10.1% year-over-year to NT$60,516 million in Q1 2026.

• Net operating income increased 35.1% to NT$11,280 million; gross profit margin improved to 26% in Q1 2026.

• Cash and cash equivalents at period end grew to NT$95.1 billion, up 23% year-over-year.

• Net cash from operating activities increased to NT$26.2 billion in Q1 2026.

• Operating costs breakdown: fuel 30%, personnel 22%, maintenance 10%, depreciation/amortization/station/ground 10%, passenger service 8%, other 6%.

Outlook and guidance

• Summer 2026 bookings are up 20–30% year-over-year, with most routes showing growth and expected load factors above 90% for Europe and Northeast Asia.

• Global economic growth projected at 3.1% for 2026, with Asia and ASEAN economies expanding robustly.

• Strong cash position supports future operational flexibility and investment.

• High oil prices and inflation are expected to pressure profits, but strong demand and fare increases are supporting revenue.

• Cautious and stable outlook for the second half, with continued focus on network expansion and operational resilience.