President Chain Store (2912) Q2 2026 earnings summary

Executive summary

• Consolidated revenue for the six months ended June 30, 2026, was NT$180.7 billion, up 5.0% year-over-year, driven by 7-ELEVEN Taiwan, 7-ELEVEN Philippines, Cosmed, and others.

• Net profit attributable to owners reached NT$6.27 billion, with EPS up 5.6% to NT$6.03, both record highs for the period.

• Product mix optimization and economies of scale contributed to margin expansion and profit growth.

• The review report was qualified due to certain subsidiaries and equity-method investments not being reviewed by independent auditors, representing 23% of total assets and 18% of total liabilities.

Financial highlights

• Consolidated operating profit rose 1.6% year-over-year to NT$9.33 billion in 1H26; net income up 3.5% year-over-year.

• Cash and cash equivalents stood at NT$52.1 billion as of June 30, 2026.

• Total assets reached NT$304.0 billion, with total equity at NT$51.4 billion.

• Cash dividend maintained at NT$9.0 per share for 2025, with payout ratio at 83%.

• Declared cash dividends for the period were NT$9.36 billion.

Outlook and guidance

• Plans to expand Taiwan 7-ELEVEN store count by 150-200 by end of 2026.

• Aggressive expansion in the Philippines, targeting 7,000 stores mid-term.

• Management expects continued growth in core convenience store operations and logistics, supported by stable consumer demand and ongoing expansion in Taiwan and overseas markets.