Momo.com (8454) investor relations material

Executive summary

• Consolidated revenue reached TWD 26.59 billion in Q1 2026, driven by dual engine 1P and 3P strategy.

• Core e-commerce GMV grew 5.3% year-on-year, with 3P segment and advertising revenue achieving double-digit growth.

• Take rate remained stable at 13.3%, supported by 3P expansion and advertising revenue.

• Net income attributable to owners was TWD 644 million; EPS was TWD 2.43, both declining year-on-year.

• Strong liquidity with TWD 3.22 billion in cash and equivalents as of March 31, 2026.

Financial highlights

• Operating profit for Q1 2026 was TWD 790 million; prior year included a one-off tax credit of TWD 218 million.

• Gross margin from operations was 9.1%, slightly up from 8.9% in Q1 2025.

• Net margin declined to 2.4% from 3.3% year-over-year.

• TV shopping/multimedia business remained profitable and cash flow positive despite revenue pressure.

• Net cash generated from operating activities rose to TWD 1,361.1 million from TWD 138.1 million in Q1 2025.

Outlook and guidance

• Strategic target to expand GMV market share, aiming for 3P GMV to surpass 25% of total GMV in three years.

• Focus on maintaining status as the most trusted e-commerce platform in Taiwan, leveraging logistics and AI-driven technology.

• Ongoing investments in logistics, automation, and service differentiation are expected to sustain competitive advantages.

• Taiwan's e-commerce market penetration is projected to continue rising, with ample room for further growth.