Momo.com (8454) Q3 2025 earnings summary

Executive summary

• Revenue for the first three quarters of 2025 was NT$76,991.9 million, down 2.6% year-over-year, with net profit at NT$2,071.4 million, while e-commerce penetration rose to 14.1% and active purchasing members increased.

• The company maintained a leading market position in Taiwan's e-commerce sector, expanding its curated 3P merchant base to over 8,000 and more than 3 million SKUs, with 3P order volume up 114.4% year-over-year in Q3.

• Investments in new business lines, including cross-border commerce and retail media, and enhancements in logistics and customer experience continued.

• Launched new initiatives such as moPlus Lite to broaden member coverage and target value-seeking consumers.

• Positive outlook for Q4, expecting strong GMV growth from Double 11/12 campaigns and government stimulus.

Financial highlights

• Q3 2025 revenue was NT$24,555.9 million, down 3.9% year-over-year; 9M25 revenue was NT$76,991.9 million, down from NT$79,087.8 million year-over-year.

• Q3 2025 net profit attributable to owners was NT$558.8 million; 9M25 net profit was NT$2,070.3 million.

• Q3 2025 EPS was NT$2.11; 9M25 EPS was NT$7.81.

• Net cash inflow from operating activities for January–September was NT$1,474.2 million; cash and cash equivalents at September 30, 2025 were NT$1,211.0 million.

• Total assets as of September 2025 were NT$25,458.5 million, reflecting investments in logistics infrastructure.

Outlook and guidance

• Anticipates robust Q4 performance driven by Double 11/12 campaigns and government cash handouts, with continued focus on user experience and logistics optimization.

• Launching a lightweight subscription plan in December to broaden reach and enhance customer loyalty.

• Continued focus on balancing growth and profitability, with GMV growth as a key performance indicator.

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

• Management continues to monitor market and regulatory changes, including the adoption of IFRS 18 in 2028.