Momo.com (8454) Q2 2025 earnings summary

Executive summary

• Q2 2025 retail sales in Taiwan declined 1.6% year-over-year, the weakest since Q3 2021, with consolidated Q2 revenue at NT$26,030.9 million and net profit attributable to owners at NT$652 million.

• Active purchasing customers increased 5.1% year-over-year, with strong engagement from both young and 30+ user segments.

• Strategic focus on 3P, Momo Shop Plus, and Retail Media Network businesses contributed to GMV growth and new customer acquisition.

• Despite market headwinds, targeted marketing and operational efficiencies maintained stable gross margin and headcount.

• Continued investment in technology, logistics, and sustainability initiatives to drive long-term value.

Financial highlights

• Q2 consolidated revenue: NT$26,030.9 million; H1 revenue: NT$52,436 million.

• Q2 operating income: NT$773.1 million; Q2 net profit attributable to owners: NT$652 million (EPS NT$2.58).

• H1 operating income: NT$1,560 million; H1 net profit attributable to owners: NT$1,512 million (EPS NT$5.99).

• Cash and equivalents: NT$5,293 million as of June 30, 2025, down from NT$7,605 million a year earlier.

• Total assets: NT$28.8 billion; total liabilities: NT$20.5 billion; shareholder equity: NT$8.3 billion.

Outlook and guidance

• Focus remains on driving GMV growth, adapting to market dynamics, and expanding both organically and non-organically.

• Continued investment in technology, marketing, logistics, and new business areas to strengthen competitiveness.

• Expectation that e-commerce market growth in Taiwan will continue, though at a slower pace in the near term.

• The company is assessing the impact of new IFRS standards effective from 2026 and 2027, with no material impact expected yet.