Fubon Financial (2881) investor relations material

Executive summary

• Achieved record highs in net profit, EPS, assets, and net worth, ranking top in Taiwan's financial holding industry for 17 consecutive years, with net income of NT$120.94bn and record-high consolidated assets and net worth in 2025.

• All major subsidiaries—banking, securities, and insurance—posted record profits, though Fubon Life's profit declined due to a one-off FX reserve provision.

• Fubon Bank (Hong Kong) received an S&P rating upgrade to A-, and all subsidiaries maintained a stable outlook from international credit rating agencies.

• Consolidated financial statements for 2025 and 2024 were audited with an unqualified opinion, confirming fair presentation in accordance with IFRS and local regulations.

• Key audit matter identified was the impairment assessment of discounts and loans, involving significant management judgment and estimation.

Financial highlights

• Net income of NT$120.94bn and EPS of NT$8.37, both leading the industry, but net income declined 19.8% YoY due to a one-time FX reserve provision at Fubon Life.

• Total assets reached NT$12.9tn, up 6.7% YoY; net worth increased to NT$982.6bn.

• ROA at 0.97% and ROE at 12.5%, both strong compared to peers, though slightly down YoY.

• Net interest income rose 21% YoY to NT$58.5bn; net non-interest income grew 3% to NT$36.9bn.

• Basic EPS increased to NT$2.12 from NT$1.77; net income attributable to owners was NT$36.3bn, up 20% YoY.

Outlook and guidance

• 2026 expected to be challenging but presents opportunities for risk management and growth, with a focus on optimizing product structure, expanding SME and overseas banking, and growing wealth management.

• Continued emphasis on sustainable finance, decarbonization initiatives, and digital transformation.

• Maintain positive investment spread, enhance risk control, and leverage resources for business scale expansion and sustainable growth.