SinoPac Financial Holdings (2890) Q2 2025 earnings summary

Executive summary

• Achieved record-high net revenues and net income for 1H25, with annualized ROE at 12.35%.

• Consolidated financial statements for 1H25 were audited and present fairly in all material respects, in accordance with ROC and IFRS standards.

• Net interest income surged 46% YoY in 1H25, driven by lower funding costs and the Amret acquisition.

• The Group completed the acquisition of Amret Plc., expanding its presence in Southeast Asia, and included Amret in consolidated results from January 2025.

• Received 60 awards in 2Q25, including major sustainability and leadership recognitions.

Financial highlights

• 1H25 net revenues: NT$35,543mn (+8.1% YoY); net income: NT$12,603mn (+3.4% YoY).

• 2Q25 net revenues: NT$16,884mn (-9.5% QoQ, +4.7% YoY); net income: NT$5,401mn (-25% QoQ, +2.4% YoY).

• 1H25 EPS: NT$0.99; 2Q25 EPS: NT$0.43.

• Total assets as of June 30, 2025, were NT$3.07 trillion, up from NT$2.95 trillion a year earlier.

• Return on total assets after tax was 0.43%, and return on net worth after tax was 6.38% for the period.

Outlook and guidance

• Net interest income expected to remain strong, supported by lower funding costs and integration of Amret.

• Fee income growth anticipated from wealth management and loan-related services.

• Continued focus on green finance and sustainable lending initiatives.

• The Group continues to pursue regional expansion and business diversification, as evidenced by the Amret Plc. acquisition and planned securities merger.

• Management is focused on maintaining capital adequacy and optimizing capital allocation for future growth.