Taiwan Cooperative Financial Holding (5880) investor relations material

Executive summary

• Consolidated net income for Q1 2026 was NT$5.81 billion, up from NT$4.77 billion in Q1 2025, with EPS rising to NT$0.36 from NT$0.30 year-over-year.

• Total assets reached NT$5.43 trillion as of March 31, 2026, with equity attributable to owners at NT$282.7 billion.

• The group adopted IFRS 17 for insurance contracts effective January 1, 2026, resulting in restated comparative figures.

Financial highlights

• Total net revenues for Q1 2026 were NT$16.13 billion, up 11.8% year-over-year.

• Net interest income was NT$9.17 billion, up from NT$8.29 billion year-over-year.

• Service fee and commission income rose to NT$3.21 billion from NT$2.46 billion year-over-year.

• Gains on financial assets and liabilities at fair value through profit or loss increased to NT$8.90 billion from NT$5.81 billion year-over-year.

• Bad-debt expenses and provision for losses on commitment and guarantees increased to NT$1.17 billion from NT$668 million year-over-year.

• Operating expenses rose to NT$7.77 billion from NT$7.44 billion year-over-year.

Outlook and guidance

• The group continues to monitor the impact of new IFRS standards, including IFRS 18 and IFRS 19, which will be effective in 2027 or later.

• Management is assessing the impact of Pillar Two income tax legislation in overseas jurisdictions.