Earnings release
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Page 1 of 36 Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. ASMPT LIMITED (Incorporated in the Cayman Islands with limited liability) (Stock Code: 0522) Announcement Of 2026 Unaudited Interim Results For The Six Months Ended 30 June 2026 Multiple Advanced Packaging Solutions Drive Strong Performance Key Highlights AI continued to fuel strong revenue and bookings Record bookings for SMT; SEMI AP bookings doubled YoY Strong Group revenue growth driven by mainstream and Photonics Higher Group adjusted gross margin driven by SMT Revenue and adjusted EPS beat consensus Group Results Summary (in HK$ million) Q2 2026 QoQ YoY 1H 2026 HoH YoY Continuing Operations Bookings 7,080.4 (US$903.6 million) +24.8% +97.6% 12,753.8 (US$1,630.6 million) +68.1% +85.1% Revenue 4,935.8 (US$630.0 million) +24.4% +52.1% 8,902.6 (US$1,138.0 million) +18.9% +42.5% Gross Margin 42.4% +292bps +284bps 41.1% +542bps +86bps Operating Profit 786.5 +104.2% +300.1% 1,171.7 +384.9% +205.2% Net Profit 417.8 +29.0% +177.1% 741.6 -9.9% +183.8% Basic earnings per share HK$1.01 +29.5% +188.6% HK$1.79 -9.6% +188.7% Non-HKFRS Measures1 of Continuing Operations Adjusted Gross Margin 42.5% +302bps +284bps 41.2% +441bps +86bps Adjusted Operating Profit 847.0 +114.1% +268.8% 1,242.6 +220.9% +195.6% Adjusted Net Profit 637.5 +90.2% +253.9% 972.7 +263.8% +230.5% Adjusted Basic earnings per share HK$1.53 +88.9% +255.8% HK$2.34 +260.0% +234.3% (in HK$ million) Q2 2026 QoQ YoY 1H 2026 HoH YoY Discontinued2 Operation Net Loss (85.6) +17.9% +419.9% (158.2) +14.3% +256.0% Adjusted Net Loss (Non-HKFRS Measures1) (94.2) +29.8% +486.4% (166.8) NM +279.1% NM: Not meaningful
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Page 2 of 36 (in HK$ million) Q2 2026 QoQ YoY 1H 2026 HoH YoY Continuing and Discontinued2 Operations Net Profit 332.3 +32.3% +147.3% 583.5 -14.8% +169.0% Basic Earnings Per Share HK$0.80 +31.1% +150.0% HK$1.41 -14.5% +171.2% Non-HKFRS Measures 1 of Continuing and Discontinued2 Operations Adjusted Net Profit 543.3 +106.9% +231.2% 806.0 +132.1% +221.9% Adjusted Basic Earnings Per Share HK$1.31 +104.7% +235.9% HK$1.94 +131.0% +223.3% Revenue Guidance for Q3 2026 US$630 million to US$690 million, +4.8% QoQ and +46.3% YoY at mid-point 1 For more information about the Non-HKFRS Measures presented above, please refer to the section under “Reconciliation of HKFRS Measures to the non-HKFRS Measures” of this results announcement. 2 The Closing of the Disposal of ASMPT NEXX, Inc. (“NEXX”) took place on 3 June 2026 in accordance with the terms of the SPA. Following Closing, NEXX has ceased to be a subsidiary of the Company, with its financial results no longer being consolidated into the Group’s consolidated financial statements. The Directors of ASMPT Limited are pleased to deliver the following announcement of unaudited results for the six months ended 30 June 2026: RESULTS SUMMARY ASMPT Limited and its subsidiaries (the “Group” or “ASMPT”) delivered revenue from Continuing operations of HK$8.90 billion (US$1.14 billion) for the six months ended 30 June 2026 (“1H 2026”), representing an increase of 18.9% half-on-half (“HoH”) and 42.5% year-on-year (“YoY”). The Group’s consolidated profit after taxation from Continuing and Discontinued operations of HK$583.5 million decreased by 14.8% HoH but increased by 169.0% YoY (HK$806.0 million after adjustments under non-HKFRS Measures, increased by 132.1% HoH and 221.9% YoY). Basic earnings per share (“EPS”) from Continuing and Discontinued operations amounted to HK$1.41, a decline of 14.5% HoH but an increase of 171.2% YoY (HK$1.94 after adjustments under non- HKFRS Measures, an increase of 131.0% HoH and 223.3% YoY).
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Page 3 of 36 DIVIDEND AND CLOSURE OF REGISTER OF MEMBERS After considering its short-term needs and cash on hand, the Board of Directors has declared an interim dividend of HK$0.97 (2025: interim dividend of HK$0.26) per share, payable to shareholders whose names appear on the Register of Members of the Company on 17 August 2026. For the purpose of determining shareholders’ entitlement to the abovementioned interim dividend, the Register of Members of the Company will be closed from 13 August 2026 to 17 August 2026, both days inclusive, during which period no share transfers can be registered. In order to qualify for the abovementioned interim dividend, all transfers accompanied by the relevant share certificates, must be lodged with the Company’s Share Registrar in Hong Kong, Tricor Investor Services Limited, at 17/F, Far East Finance Centre, 16 Harcourt Road, Hong Kong, not later than 4:30 p.m. on 12 August 2026. The interim dividend will be paid on or about 31 August 2026. MANAGEMENT DISCUSSION AND ANALYSIS The review for 1H 2026 will include a business and financial review of the Group’s Continuing Operations only, after adjustments under non-HKFRS measures, unless otherwise specified. The Group consists of two businesses: the Semiconductor Solutions Segment (“SEMI”) and SMT Solutions Segment (“SMT”). 1H 2026 Group Business Review – Continuing Operations As AI capabilities advance, semiconductor architecture requirements are expanding beyond compute to continuous planning, workload orchestration, memory access and real-time data movement. These developments have placed increasing demands on semiconductor manufacturing for more heterogeneous integration, finer interconnect pitch, higher bandwidth, and improved power efficiency, to support workloads from data centres to edge devices. In Advanced Packaging (“AP”), demand for precision, alignment, and process control are benefitting ASMPT’s AP portfolio. AP solutions include Thermo Compression Bonding (“TCB”) and Hybrid Bonding for system-level integration, Photonics for high-speed data movement, high- precision Flip Chip and Mass Reflow for cost-efficient scaling, and advanced SMT placement tools for AI server boards. ASMPT’s AP solutions are becoming key enablers for present and future AI infrastructure. Driven by AI infrastructure buildouts, the Group’s mainstream business grew strongly. SEMI solutions benefitted from increased demand for advanced thermal management devices to address rising power density requirements while SMT solutions registered strong order momentum due to higher demand for AI server boards. Looking beyond AI, the Group’s mainstream business also experienced some recovery from traditional applications such as consumer, industrial and automotive EVs.
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Page 4 of 36 MANAGEMENT DISCUSSION AND ANALYSIS (continued) Advanced Packaging: The AP business achieved record half-year revenue of US$339.0 million in 1H 2026, representing a 17% YoY increase and contributing to 30% of Group revenue. TCB, SMT high precision and Photonics solutions were the largest contributors within the AP portfolio. TCB The TCB total addressable market (“TAM”) is expected to expand beyond US$1.6 billion by 2028 due to growing AI investments and increasing packaging intensity, driving greater demand for TCB solutions. In logic, order momentum for the Group’s chip-to-substrate (“C2S”) solutions remained strong, supported by repeat orders for larger compound die TCB tools from OSAT partners of the leading advanced logic customer. In July 2026, the Group received new bulk orders for more than 50 of its C2S TCB tools from OSAT customers. The Group’s comprehensive C2S portfolio is able to support the industry’s transition to larger compound dies for higher AI workloads, further reinforcing its leadership in C2S applications. In logic’s chip-to-wafer (“C2W”), the Group secured a bulk order in Q2 2026 from a leading global integrated device manufacturer (“IDM”) for advanced CPUs to support client computing and AI inferencing. The Group also delivered ultrafine‑pitch TCB tools to the leading advanced logic customer. These developments underscored the Group’s strong position in C2W applications. In memory, even as the Group continued to secure repeat orders from HBM manufacturers, the timing of customers’ new tool purchase decisions remains dependent on HBM4 product rollout schedules. The Group also entered into an exclusive joint evaluation programme with a key memory player to establish its technology as a preferred production standard. Panel-level packaging is emerging as a potential growth driver for ASMPT as the industry seeks to improve throughput, scalability and cost efficiency. Leveraging its TCB technology leadership, the Group has shipped its newly developed chip-on-panel tool for quarter panel to the leading advanced logic customer for qualification. The Group is also collaborating with leading industry players to develop packaging solutions for both embedded, and surface silicon bridges. Photonics Customers are ramping up production of high-speed optical transceivers for 800G and beyond as demand accelerates for bandwidth-intensive, low-latency AI workloads. As a result, SEMI’s Pluggable Optical Transceiver solutions revenue almost tripled YoY to approximately US$75 million in 1H 2026. The Group is confident that further growth is expected for the rest of 2026. In Co-Packaged Optics (“CPO”), the Group continued to deepen its engagement with multiple leading global CPO players, positioning it well to gain market share as CPO adoption accelerates. The Group offers the most comprehensive range of CPO solutions, spanning ultra-high precision photonics, TCB and hybrid bonding. These solutions enable the integration of diverse components including fibre array units, microlens, electronic and photonic IC into a single high-performance optical engine.
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Page 5 of 36 MANAGEMENT DISCUSSION AND ANALYSIS (continued) Flip Chip High Precision Die-Bonding (“FC”) The Group’s FC solution revenue registered strong growth for customers that require high‑throughput, large‑format applications, and cost efficiency. These are deployed for 2.5D AI package, and panel-level fan-out applications for radio frequency and power devices. Hybrid Bonding (“HB”) The Group’s HB solution continued to gain traction, with its second‑generation platform delivering competitive alignment precision, bonding accuracy, footprint efficiency and UPH. The Group’s active collaboration with key logic and memory customers has moved to the sampling stage, an important step toward potential qualification. SEMI Mainstream: SEMI mainstream business experienced significant growth, supported by high utilisation at leading IDMs due to improving demand for power management requirements for AI data centres, and industrial applications. Notably, China’s revenue and bookings were especially strong, with wire bonding (“WB”) and die bonding (“DB”) tool demand supported by ongoing AI infrastructure expansion and high OSAT utilisation. SMT: SMT bookings hit record highs for Q2 and 1H 2026. AI servers continued to be a significant source of demand, with accelerated adoption of SMT’s high flex, high force solutions for large format board assembly. SMT’s solutions can handle the larger boards, heavier components and complex assembly, delivering superior yield and throughput while enabling efficient production scaling. In addition to AI, SMT’s bookings were also driven by demand for optical transceivers and China’s electric vehicle (“EV”) segment.
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Page 6 of 36 MANAGEMENT DISCUSSION AND ANALYSIS (continued) Group Financial Review – Continuing Operations (in HK$ million) Q2 2026 QoQ YoY 1H 2026 HoH YoY Bookings 7,080.4 (US$903.6 million) +24.8% +97.6% 12,753.8 (US$1,630.6 million) +68.1% +85.1% Revenue 4,935.8 (US$630.0 million) +24.4% +52.1% 8,902.6 (US$1,138.0 million) +18.9% +42.5% Adjusted Gross Margin 42.5% +302bps +284bps 41.2% +441bps +86bps Adjusted Operating Profit 847.0 +114.1% +268.8% 1,242.6 +220.9% +195.6% Adjusted Net Profit 637.5 +90.2% +253.9% 972.7 +263.8% +230.5% Adjusted Basic earnings per share HK$1.53 +88.9% +255.8% HK$2.34 +260.0% +234.3% 1H 2026 Group Financial Review The Group delivered revenue of HK$8.90 billion (US$1.14 billion) in 1H 2026, an increase of 18.9% HoH and 42.5% YoY. Both SEMI and SMT registered strong revenue growth due to AI tailwinds. By end-markets, Computing was the largest contributor to Group revenue at approximately 33%, mainly from SMT solutions, TCB and Photonics. The Consumer end-market was the second highest contributor to Group revenue at approximately 18%, primarily from the Group’s mainstream business. The Automotive end-market contributed almost 12% to the Group revenue. Revenue growth was driven by EVs in China, while Automotive for the rest of the world remained soft. The Communication end-market contributed around 10% to Group revenue, driven by market share gain for high-end smartphone related applications. The Industrial end-market revenue contribution was up marginally from 8% to 9% due to gradual recovery in industrial activity.
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Page 7 of 36 MANAGEMENT DISCUSSION AND ANALYSIS (continued) By geography, share of revenue from China increased to from 38.1% in 1H 2025 to 42.2% YoY in 1H 2026 mainly driven by wire and die bonders, while share of revenue from Asia outside China declined from 37.9% to 36.2%. Share of revenue from both Europe and the Americas declined YoY from 23.7% in 1H 2025 to 21.3% in 1H 2026. Customer concentration risk remained low for the Group, with its top five customers accounting for approximately 19% of total revenue in 1H 2026. Group bookings of HK$12.75 billion (US$1.63 billion), increased 68.1% HoH and 85.1% YoY. SEMI bookings registered strong growth of 56.9% HoH and 81.9% YoY while SMT bookings were up significantly by 78.6% HoH and 87.8% YoY. The Group achieved a book-to-bill ratio of 1.43, the highest since 1H 2021. Group adjusted gross margin was 41.2%, up 441 bps HoH and 86 bps YoY, driven by higher gross margin from both SMT and SEMI. Group adjusted operating expenditure (“OPEX”) was HK$2.42 billion, up 2.4% HoH due to higher volume, and up 15.4% YoY due to higher volume, unfavourable FX impact, merit increases, and strategic infrastructure and R&D investments. Group adjusted operating profit was HK$1.24 billion, up significantly by 220.9% HoH and 195.6% YoY due to gross margin improvement and operating leverage. Group adjusted net profit was HK$972.7 million, up 263.8% HoH and 230.5% YoY due to higher operating profit. The Group maintained a robust balance sheet and recorded strong cash and bank deposits of HK$5.88 billion at end 1H 2026 (2025 end: HK$5.68 billion). Net cash was HK$3.63 billion at the end of 1H 2026 (2025 end: HK$3.28 billion). Q2 2026 Group Financial Review Group revenue came in at HK$4.94 billion (US$630.0 million), exceeding the upper end of the Group’s guidance. It grew by 24.4% QoQ and 52.1% YoY, driven by both SEMI and SMT. Group bookings of HK$7.08 billion (US$903.6 million) were up 24.8% QoQ and 97.6% YoY, significantly better than anticipated for both SEMI and SMT. Group adjusted gross margin of 42.5% was up 302 bps QoQ and 284 bps YoY, coming from both SMT and SEMI. The Group’s adjusted operating profit was HK$847.0 million, up 114.1% QoQ and 268.8% YoY due to higher gross margin and operating leverage. Group’s adjusted net profit was HK$637.5 million, up 90.2% QoQ and 253.9% YoY due to higher operating profit.
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Page 8 of 36 MANAGEMENT DISCUSSION AND ANALYSIS (continued) Q2 2026 Semiconductor Solutions Segment Financial Review – Continuing Operations (in HK$ million) Q2 2026 QoQ YoY 1H 2026 HoH YoY Bookings 3,355.0 (US$428.1 million) +39.0% +125.9% 5,769.3 (US$737.8 million) +56.9% +81.9% Revenue 2,891.9 (US$369.1 million) +34.9% +56.1% 5,035.6 (US$643.6 million) +37.7% +35.3% Adjusted Gross Margin 46.5% +10bps +150bps 46.5% +548bps +57bps Adjusted Segment Profit 603.2 +94.9% +170.1% 912.6 +358.7% +86.9% Adjusted Segment Margin 20.9% +642bps +881bps 18.1% +1,268bps +501bps SEMI registered Q2 2026 revenue of HK$2.89 billion (US$369.1 million), up 34.9% QoQ and 56.1% YoY, contributing about 59% of Group revenue. QoQ and YoY growth were driven by Photonics due to AI-related applications, and wire and die bonders due to both AI and consumer related applications. SEMI Q2 bookings of HK$3.36 billion (US$428.1 million) were up 39.0% QoQ due to wire and die bonders and Photonics, and up 125.9% YoY due to wire and die bonders, Photonics and TCB. SEMI’s book-to-bill ratio in Q2 2026 was 1.16. SEMI’s adjusted gross margin of 46.5% for Q2 2026 was up 10 bps QoQ and 150 bps YoY. QoQ increase was due to higher volume offset by product mix, while YoY increase was largely due to higher volume. Adjusted segment profit was HK$603.2 million in Q2 2026, up 94.9% QoQ and 170.1% YoY due to higher adjusted gross profit and operating leverage.
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Page 9 of 36 MANAGEMENT DISCUSSION AND ANALYSIS (continued) Q2 2026 SMT Solutions Segment Financial Review (in HK$ million) Q2 2026 QoQ YoY 1H 2026 HoH YoY Bookings 3,725.4 (US$475.4 million) +14.3% +77.6% 6,984.6 (US$892.8 million) +78.6% +87.8% Revenue 2,043.9 (US$260.9 million) +12.1% +46.9% 3,867.0 (US$494.4 million) +1.0% +53.1% Adjusted Gross Margin 36.8% +551bps +429bps 34.2% +154bps +219bps Adjusted Segment Profit 284.8 +100.8% +386.1% 426.7 +16.4% +694.5% Adjusted Segment Margin 13.9% +616bps +973bps 11.0% +146bps +891bps SMT delivered revenue of HK$2.04 billion (US$260.9 million), an increase of 12.1% QoQ and 46.9% YoY. It achieved record bookings of HK$3.73 billion (US$475.4 million), up 14.3% QoQ and 77.6% YoY. Both revenue and bookings growth were largely driven by strong demand from AI servers. Segment adjusted gross margin was up 551 bps QoQ and 429 bps YoY to 36.8%. QoQ increase was due to favourable product mix and higher volume while YoY increase was largely due to higher volume. Adjusted segment profit was HK$284.8 million in Q2 2026, up 100.8% QoQ and 386.1% YoY due to higher gross profit and operating leverage. Outlook The Group expects Q3 2026 revenue to be between US$630 million and US$690 million, up 4.8% QoQ and 46.3% YoY at mid-point, and above market consensus despite longer lead times for certain materials. The Group expects Q3 2026 bookings to grow by a high single-digit percentage sequentially, mainly driven by TCB and Photonics. The proliferation of AI will continue to drive structural demand for advanced AI applications and computing needs, benefitting the Group’s products - from AP solutions that are able to address complex technical requirements across the AI value chain, to mainstream solutions that can support the demands of extensive AI infrastructure buildouts. Turning to mainstream, the Group believes that the recovery of demand for some traditional applications will continue. The Group remains confident of revenue growth across both SEMI and SMT in 2026 despite longer lead times as mentioned above, and customers’ dynamic AI product rollout schedules.
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Page 10 of 36 MANAGEMENT DISCUSSION AND ANALYSIS (continued) Commitment to Research and Development (“R&D”) Continued investment in R&D is vital for the Group to advance semiconductor and technology innovation, supporting growth opportunities and long-term value creation for customers and shareholders. In line with its established practice of committing a significant portion of financial resources to R&D, investment in 1H 2026 amounted to approximately HK$1.0 billion (1H 2025: HK$0.9 billion). The Group, with over 2,100 employees worldwide, runs R&D centres across Asia, Europe, and the Americas supporting SEMI and SMT. Singapore leads SEMI advanced packaging R&D, while Munich, Germany leads SMT, with all centres working in close global coordination. These collective R&D capabilities continue to drive excellence in product and technology development, enabling the delivery of advanced SEMI and SMT solutions, with over 1,800 patents and patent applications across both segments as of 30 June 2026. Liquidity and Financial Resources Cash and bank deposits as of 30 June 2026 was HK$5.88 billion (31 December 2025: HK$5.68 billion). Capital additions during the period amounted to HK$138.6 million (1H 2025: HK$199.5 million), which was fully funded by Company’s operating cash flow. As of 30 June 2026, the debt-to-equity ratio was 0.130 (31 December 2025: 0.140). Debts include all bank borrowings. The Group had available banking facilities of HK$3.02 billion (US$385.6 million) (31 December 2025: HK$3.33 billion (US$427.3 million)) in the form of bank loans and overdraft facilities, of which HK$1.56 billion (US$199.2 million) (31 December 2025: HK$1.56 billion (US$199.9 million)) were committed borrowing facilities. Bank borrowings, which are mainly arranged to support day-to-day operations and capital expenditure, are denominated in Hong Kong dollars and Chinese RMB. The Group had unsecured bank borrowings of HK$2.25 billion as of 30 June 2026 (31 December 2025: unsecured bank borrowings of HK$2.38 billion and secured bank borrowings of HK$18.8 million), mainly consisting of variable-rate syndicated loan. The syndicated loan is repayable by instalments till February 2029. The Group uses interest rate swaps to mitigate its exposure of the cash flow changes of the variable-rate syndicated loan by swapping HK$0.75 billion (31 December 2025: HK$0.75 billion) of the syndicated loan from variable rates to fixed rates. The Group’s equity attributable to owners of the Company was HK$17.30 billion as at 30 June 2026 (31 December 2025: HK$17.03 billion). As of 30 June 2026, cash and bank deposits of the Group were mainly in US dollars, Euros and Chinese RMB. In terms of currency exposure, the majority of the Group’s sales and disbursements in respect of operating expenses and purchases were mainly in US dollars, Euros and Chinese RMB. In order to mitigate foreign currency exposure, the Group entered into foreign currency forward contracts to hedge its currency exchange rate risks associated with foreign currency denominated assets and liabilities in US dollars and Euros.
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Page 11 of 36 MANAGEMENT DISCUSSION AND ANALYSIS (continued) Human Resources (“HR”) The Group places strong emphasis on its global workforce, continually advancing its human capital initiatives to foster an inclusive, engaging, and high-performing work environment. Its people strategy focuses on strengthening employee experience and organisational capability across key areas, including rewards and engagement, talent development and succession planning, digital HR systems, and diversity, equity and inclusion, all supporting sustainable growth and employee well-being. Talent Development & Succession Planning The Group continues to build a future-ready workforce through structured talent development and succession planning. Its approach integrates leadership development, targeted programmes for high-potential employees, and clear career pathways. Selected talents participate in programmes developed in partnership with global leadership and academic institutions, combining formal training, 360° feedback, and project-based learning. In June this year, the Group completed the third cohort of its Executive Leadership program, benefitting 45 executives to-date. Performance Management The Group drives performance culture via targeted goal setting and performance management. Every second quarter, employees undertake formal conversations with their managers to mark the end of the preceding year’s performance and to set the goals for the current year. Performing employees are awarded with bonus and merit increases, while those who are underperforming will undergo targeted performance improvement plans. As of 30 June 2026, the Group employed approximately 9,000 people, excluding about 2,000 flexi and outsourced workers globally. Total manpower costs amounted to HK$2.74 billion (1H 2025: HK$2.38 billion), reflecting continued investment in talent, engagement, and capability building. The Group remains committed to fair remuneration while maintaining a disciplined and calibrated approach to overall cost management.
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Page 12 of 36 FINANCIAL INFORMATION CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS Three months ended 30 June Six months ended 30 June 2026 2025 2026 2025 HK$'000 HK$'000 HK$'000 HK$'000 (unaudited) (unaudited) (unaudited) (unaudited) (restated) (restated) Notes Continuing operations Revenue 2 4,935,800 3,244,331 8,902,600 6,249,299 Cost of sales (2,843,313) (1,961,120) (5,244,065) (3,734,649) Gross profit 2,092,487 1,283,211 3,658,535 2,514,650 Other income 36,951 36,645 74,120 76,774 Selling and distribution expenses (450,946) (355,913) (848,877) (693,536) General and administrative expenses (304,679) (252,702) (596,266) (507,546) Research and development expenses (550,388) (478,048) (1,041,741) (929,694) Other gains and losses, net 5 34,260 (55,732) 98,445 (85,601) Other expenses 6 (206,440) (15,173) (218,498) (33,203) Finance costs 7 (36,019) (39,450) (74,439) (88,909) Share of result of an associate 30,092 – 39,092 – Share of result of a joint venture – 9,468 – 12,760 Profit before taxation 645,318 132,306 1,090,371 265,695 Income tax (expense) credit 8 (227,475) 18,491 (348,737) (4,343) Profit for the period from continuing operations 417,843 150,797 741,634 261,352 Discontinued operation Loss for the period from discontinued operation (85,570) (16,459) (158,155) (44,420) Profit for the period 332,273 134,338 583,479 216,932 Profit (loss) for the period attributable to owners of the Company – from continuing operations 420,706 147,673 747,111 259,272 – from discontinued operation (85,570) (16,459) (158,155) (44,420) 335,136 131,214 588,956 214,852 (Loss) profit for the period attributable to non-controlling interest – from continuing operations (2,863) 3,124 (5,477) 2,080 Profit for the period 332,273 134,338 583,479 216,932
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Page 13 of 36 CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS (continued) Three months ended 30 June Six months ended 30 June 2026 2025 2026 2025 HK$'000 HK$'000 HK$'000 HK$'000 (unaudited) (unaudited) (unaudited) (unaudited) (restated) (restated) Note Earnings per share (from continuing and discontinued operations) 10 – Basic HK$0.80 HK$0.32 HK$1.41 HK$0.52 – Diluted HK$0.80 HK$0.31 HK$1.41 HK$0.52 Earnings per share (from continuing operations) 10 – Basic HK$1.01 HK$0.35 HK$1.79 HK$0.62 – Diluted HK$1.00 HK$0.35 HK$1.78 HK$0.62
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Page 14 of 36 CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME Three months ended 30 June Six months ended 30 June 2026 2025 2026 2025 HK$'000 HK$'000 HK$'000 HK$'000 (unaudited) (unaudited) (unaudited) (unaudited) (restated) (restated) Profit for the period 332,273 134,338 583,479 216,932 Other comprehensive (expense) income Item that will not be reclassified to profit or loss: – net fair value (loss) gain on investments in equity instruments at fair value through other comprehensive income (2,096) 495 (2,235) 727 Items that may be reclassified subsequently to profit or loss: – exchange differences on translation of foreign operations – subsidiaries 13,888 735,215 28,293 1,032,847 – an associate 35,961 – 35,961 – – a joint venture – 10,942 – 13,474 – reclassification of cumulative translation reserve upon disposal/ deemed disposal of subsidiaries 7,947 – 7,947 – – fair value gain (loss) on hedging instruments designated as cash flow hedges 13,206 (17,527) 18,053 (24,859) Other comprehensive income for the period 68,906 729,125 88,019 1,022,189 Total comprehensive income for the period 401,179 863,463 671,498 1,239,121 Total comprehensive income (expense) for the period attributable to: Owners of the Company 402,341 859,090 672,900 1,235,442 Non-controlling interests (1,162) 4,373 (1,402) 3,679 401,179 863,463 671,498 1,239,121 Total comprehensive income (expense) for the period attributable to owners of the Company: – from continuing operations 489,627 865,789 826,197 1,268,261 – from discontinued operation (87,286) (6,699) (153,297) (32,819) 402,341 859,090 672,900 1,235,442
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Page 15 of 36 CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION At 30 June At 31 December 2026 2025 HK$'000 HK$'000 (unaudited) (audited) Note Non-current assets Property, plant and equipment 2,042,483 2,087,228 Right-of-use assets 1,659,258 1,781,533 Investment properties 98,910 98,636 Goodwill 730,515 745,801 Intangible assets 753,793 809,621 Other investments 60,328 62,973 Interest in an associate 2,150,958 2,076,233 Finance lease receivables 2,677 7,958 Deposits paid for acquisition of property, plant and equipment 5,518 12,102 Rental deposits paid 37,233 36,685 Deferred tax assets 797,640 826,107 Other non-current assets 254,431 109,705 8,593,744 8,654,582 Current assets Inventories 7,249,601 6,301,732 Trade and other receivables 11 5,432,957 4,238,397 Amounts due from affiliates of an associate 2,824 6,228 Derivative financial instruments 2,369 18,267 Income tax recoverable 68,177 168,414 Finance lease receivables 10,466 9,390 Bank deposits with original maturity of more than three months 732,316 1,009,625 Cash and cash equivalents 5,143,548 4,665,993 18,642,258 16,418,046 Assets classified as held for sale – 1,090,376 18,642,258 17,508,422
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Page 16 of 36 CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION (continued) At 30 June At 31 December 2026 2025 HK$'000 HK$'000 (unaudited) (audited) Note Current liabilities Trade liabilities and other payables 12 3,230,539 2,861,033 Advance payments from customers 1,953,064 1,092,195 Amounts due to affiliates of an associate 985 555 Derivative financial instruments 32,244 4,744 Lease liabilities 190,993 191,601 Provisions 163,113 168,856 Income tax payable 375,181 233,808 Bank borrowings 125,000 143,821 6,071,119 4,696,613 Liabilities directly associated with assets classified as held for sale – 191,833 6,071,119 4,888,446 Net current assets 12,571,139 12,619,976 21,164,883 21,274,558 Capital and reserves Share capital 41,941 41,778 Dividend reserve 406,826 472,092 Other reserves 16,855,971 16,511,986 Equity attributable to owners of the Company 17,304,738 17,025,856 Non-controlling interests – 106,602 Total equity 17,304,738 17,132,458 Non-current liabilities Bank borrowings 2,125,000 2,250,000 Derivative financial instruments 11,510 29,563 Lease liabilities 1,515,488 1,640,623 Retirement benefit obligations 33,024 29,005 Provisions 64,099 62,469 Deferred tax liabilities 48,026 61,703 Other liabilities and accruals 62,998 68,737 3,860,145 4,142,100 21,164,883 21,274,558
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Page 17 of 36 Notes: 1. ACCOUNTING POLICIES The condensed consolidated financial statements have been prepared on the historical cost basis except for the derivative financial instruments, other investments and certain financial liabilities which are measured at fair value at the end of reporting period. The accounting policies and methods of computation used in the condensed consolidated financial statements for the six months ended 30 June 2026 are the same as those presented in the Group's annual consolidated financial statements for the year ended 31 December 2025. In the current interim period, the Group has applied the following amendments to HKFRS Accounting Standards issued by the Hong Kong Institute of Certified Public Accountants, for the first time, which are mandatorily effective for the Group's annual period beginning on 1 January 2026 for the preparation of the Group's condensed consolidated financial statements: Amendments to HKFRS9 and HKFRS7 Amendments to the Classification and Measurement of Financial Instruments Amendments to HKFRS9 and HKFRS7 Contracts Referencing Nature-dependent Electricity Amendments to HKFRS Accounting Standards Annual Improvements to HKFRS Accounting Standard – Volume 11 The application of the amendments to HKFRS Accounting Standards in the current interim period has had no material impact on the Group's consolidated financial positions and performance for the current and prior periods and/or on the disclosures set out in these condensed consolidated financial statements. 2. SEGMENT INFORMATION The Group has two (2025: two) operating segments: research and development, production and sales of (1) semiconductor solutions and (2) surface mount technology solutions. They represent two (2025: two) major types of products manufactured by the Group. The operating segments are identified on the basis of internal reports about components of the Group that are regularly reviewed by the Company's Chief Executive Officer, the chief operating decision maker ("CODM"), for the purpose of allocating resources to segments and assessing their performance. The Group is organized and managed around the two (2025: two) major types of products manufactured by the Group. No operating segments have been aggregated in arriving at reportable segments of the Group.
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Page 18 of 36 2. SEGMENT INFORMATION (continued) Segment results represent the profit before taxation earned by each segment without allocation of interest income, finance costs, share of result of an associate, share of result of a joint venture, unallocated other income, unallocated net foreign exchange gain (loss) and fair value change of foreign currency forward contracts, unallocated general and administrative expenses, unallocated other gains (losses), and unallocated other expenses. Segment revenue and results An analysis of the Group's revenue and results by operating and reportable segment is as follows: Six months ended 30 June 2026 2025 HK$'000 HK$'000 (unaudited) (unaudited) (restated) Continuing operations Segment revenue from external customers Semiconductor solutions 5,035,626 3,722,924 Surface mount technology solutions 3,866,974 2,526,375 8,902,600 6,249,299 Segment results Semiconductor solutions 871,096 465,355 Surface mount technology solutions 417,972 48,136 1,289,068 513,491 Interest income 51,987 47,431 Finance costs (74,439) (88,909) Share of result of an associate 39,092 – Share of result of a joint venture – 12,760 Unallocated other income 12,621 11,821 Unallocated net foreign exchange gain (loss) and fair value change of foreign currency forward contracts 87,896 (85,361) Unallocated general and administrative expenses (109,069) (108,313) Unallocated other gains (losses) 11,713 (4,022) Unallocated other expenses (218,498) (33,203) Profit before taxation 1,090,371 265,695 Segment margin Semiconductor solutions 17.3% 12.5% Surface mount technology solutions 10.8% 1.9% No analysis of the Group's assets and liabilities by operating segment is disclosed as they are not regularly provided to the CODM for review. All of the segment revenue derived by the segments is from external customers.
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Page 19 of 36 2. SEGMENT INFORMATION (continued) Geographical analysis of revenue by location of customers Revenue from external customers Six months ended 30 June 2026 2025 HK$'000 HK$'000 (unaudited) (unaudited) (restated) Continuing operations China 3,758,530 2,383,321 Taiwan 1,095,540 530,294 Europe 1,056,730 736,523 – Germany 311,784 269,902 – Austria 95,284 35,912 – Romania 75,050 36,331 – Hungary 73,932 63,249 – United Kingdom 69,746 23,646 – Poland 64,825 25,111 – France 52,181 49,459 – Netherlands 32,812 22,813 – Czech Republic 31,935 26,046 – Others 249,181 184,054 Malaysia 867,947 296,342 Americas 838,148 741,950 – United States of America 519,335 544,589 – Mexico 78,336 83,234 – Canada 46,166 39,276 – Others 194,311 74,851 Thailand 528,435 195,919 Korea 313,942 877,338 India 143,467 59,323 Singapore 94,855 43,089 Philippines 88,225 88,867 Vietnam 55,241 229,725 Japan 21,195 32,459 Others 40,345 34,149 8,902,600 6,249,299
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Page 20 of 36 3. ANALYSIS OF QUARTERLY REVENUE AND RESULTS FOR THE THREE MONTHS ENDED 30 JUNE 2026 Three months ended 30 June 2026 31 March 2026 30 June 2025 HK$'000 HK$'000 HK$'000 (unaudited) (unaudited) (unaudited) (restated) Continuing operations Segment revenue from external customers Semiconductor solutions 2,891,949 2,143,677 1,852,781 Surface mount technology solutions 2,043,851 1,823,123 1,391,550 4,935,800 3,966,800 3,244,331 Segment profit Semiconductor solutions 564,184 306,912 202,033 Surface mount technology solutions 276,909 141,063 53,444 841,093 447,975 255,477 Interest income 24,703 27,284 22,987 Finance costs (36,019) (38,420) (39,450) Share of result of an associate 30,092 9,000 – Share of result of a joint venture – – 9,468 Unallocated other income 6,447 6,174 6,418 Unallocated net foreign exchange gain (loss) and fair value change of foreign currency forward contracts 23,110 64,786 (51,848) Unallocated general and administrative expenses (50,065) (59,004) (50,386) Unallocated other gains (losses) 12,397 (684) (5,187) Unallocated other expenses (206,440) (12,058) (15,173) Profit before taxation 645,318 445,053 132,306 Segment margin Semiconductor solutions 19.5% 14.3% 10.9% Surface mount technology solutions 13.5% 7.7% 3.8%
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Page 21 of 36 4. PROFIT BEFORE TAXATION Six months ended 30 June 2026 2025 HK$'000 HK$'000 (unaudited) (unaudited) (restated) Continuing operations Profit before taxation has been arrived at after charging (crediting): Depreciation for property, plant and equipment 173,418 163,459 Depreciation for right-of-use assets 114,212 117,621 Depreciation for investment properties 3,308 2,941 Amortization for intangible assets 45,739 35,542 Government grants (included in other income) (2,807) (9,326) 5. OTHER GAINS AND LOSSES, NET Continuing operations During the period, included in other gains and losses (net), are mainly net foreign exchange gain and fair value change of foreign currency forward contracts of HK$87.9 million (for the six months ended 30 June 2025: net loss of HK$85.4 million) and net loss on disposal/write- off of property, plant and equipment of HK$1.1 million (for the six months ended 30 June 2025: net gain of HK$3.8 million). 6. OTHER EXPENSES Six months ended 30 Jun 2026 2025 HK$'000 HK$'000 (unaudited) (unaudited) Continuing operations Loss on deemed disposal of a subsidiary (Note a) 152,519 – Impairment loss recognized in respect of goodwill and intangible assets (Note b) 21,985 – Restructuring costs (Note c) 10,130 1,634 Other expenses 33,864 31,569 218,498 33,203
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Page 22 of 36 6. OTHER EXPENSES (continued) Notes: (a) During the period, the Group decided to divest an investment in a non-wholly owned subsidiary established in the PRC, Semiconductor Wet Advanced Technology Limited ("SWAT") through share cancellation. The divestment was undertaken as part of the Group's ongoing strategy to optimize its investment portfolio and enable management to focus their attention on the Group's core businesses and key strategic initiatives that are expected to drive long-term growth and value creation. The share cancellation of SWAT was completed on 26 June 2026, upon which SWAT ceased to be a subsidiary of the Group. During the financial year 2021, the Group recognized a surplus of HK$254,954,000 arising from the partial disposal of SWAT, which was included in other reserves. Following the divestment of SWAT and its cessation as a subsidiary of the Group, this surplus was transferred from other reserves to retained profits. In the current period, the Group recognized a loss of HK$152,519,000 on the divestment of SWAT. The loss on divestment reflects the disposal of the Group's remaining interest in SWAT, whereas the surplus transferred to retained profits represents gains previously recognized from earlier disposal transactions involving SWAT. (b) During the period ended 30 June 2026, the business performance of Beijing Borey Advanced Technology Co., Ltd. ("Borey"), a subsidiary of the Group, was lower than originally anticipated based on value in use and thus goodwill and intangible assets of HK$21,985,000 impaired. (c) During the period ended 30 June 2026, compensation to employees due to targeted headcount reduction of HK$10,130,000 (for the six months ended 30 June 2025: HK$1,634,000) was charged to restructuring costs. 7. FINANCE COSTS Six months ended 30 June 2026 2025 HK$'000 HK$'000 (unaudited) (unaudited) (restated) Continuing operations Interest on bank borrowings 39,634 49,914 Interest on discounted bills – 3,198 Interest on lease liabilities 29,784 31,904 Others 891 2,194 70,309 87,210 Net loss on interest rate swaps designated as cash flow hedges 4,130 1,699 74,439 88,909
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Page 23 of 36 8. INCOME TAX EXPENSE Six months ended 30 June 2026 2025 HK$'000 HK$'000 (unaudited) (unaudited) (restated) Continuing operations The charge (credit) comprises: Current tax: Hong Kong 10,365 9,569 People's Republic of China ("PRC") Enterprise Income Tax 45,007 39,848 Germany 141,099 311 Income taxes under Pillar Two Rules 46,151 22,426 Other jurisdictions 71,086 42,319 313,708 114,473 Underprovision in prior years 61,271 18,110 374,979 132,583 Deferred tax credit (26,242) (128,240) 348,737 4,343 Current tax: (a) Under the two-tiered profits tax rates regime of Hong Kong Profits Tax, the first HK$2 million of profits of the qualifying group entity will be taxed at 8.25%, and profits above HK$2 million will be taxed at 16.5%. The profits of group entities in Hong Kong not qualifying for the two-tiered profits tax rates regime will continue to be taxed at the flat rate of 16.5%. The Hong Kong Profits Tax is calculated at 8.25% on the first HK$2 million of the estimated assessable profits for the qualifying group entity and at 16.5% on the estimated assessable profits above HK$2 million for the six months ended 30 June 2026 and 2025. (b) Under the Law of the PRC on Enterprise Income Tax (the "EIT Law") and Implementation Regulations of the EIT Law, the Enterprise Income Tax rate of the Group's subsidiaries in the PRC is 25% for the six months ended 30 June 2026 (for the six months ended 30 June 2025: 25%), except for certain subsidiaries in the PRC that are entitled to the preferential tax rate of 15% (for the six months ended 30 June 2025: 15%). Also qualified research and development costs of certain subsidiaries in the PRC are eligible for 100% additional deduction.
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Page 24 of 36 8. INCOME TAX EXPENSE (continued) Current tax: (continued) (c) ASMPT Singapore Pte. Ltd. ("ATS") has been granted a Pioneer Certificate ("PC") to the effect that profits arising from the manufacture of certain semiconductor products are exempted from tax for a period of 10 years effective from 1 January 2022 to 31 December 2031 across specified products, subject to fulfillment of certain criteria during the relevant periods. ATS has also been granted a Development and Expansion Incentive ("DEI") to the effect that certain income arising from qualifying activities conducted by ATS, are subject to a concessionary tax rate for a period of 10 years from 1 January 2021 to 31 December 2030, subject to fulfillment of certain criteria during the relevant period. Income of ATS arising from activities not covered under the PC or DEI are taxed at the prevailing corporate tax rate in Singapore of 17% (for the six months ended 30 June 2025: 17%). (d) The calculation of current tax of the Group's subsidiaries in Germany is based on a corporate income tax rate of 15.00% (for the six months ended 30 June 2025: 15.00%) plus 5.50% (for the six months ended 30 June 2025: 5.50%) solidarity surcharge on the corporate income tax for the assessable profit for the period, which derives at tax rate of 15.825% (for the six months ended 30 June 2025: 15.825%). In addition to corporate income tax, trade tax is levied on taxable income. The applicable German trade tax (local income tax) rates for the Group's subsidiaries in Germany vary from 11.180% to 17.150% (for the six months ended 30 June 2025: 11.153% to 17.150%) according to the municipal in which the entity resides. Thus the aggregate tax rates are between 27.005% and 32.975% (for the six months ended 30 June 2025: between 26.978% and 32.975%). (e) The Group is subject to the global minimum top-up tax under the Global Anti-base Erosion Rules ("Pillar Two Rules"). Pillar Two Rules has become effective in certain European countries, including but not limited to Portugal and Hungary, and certain Asian jurisdictions, including but not limited to Hong Kong and Singapore, in which the group entities are incorporated. The top-up tax relates to the Group's operation in Singapore, Portugal and Hungary, where the annual effective income tax rates are estimated to be below 15 per cent. Therefore, a top-up tax is accrued in the current period using the tax rate based on the estimated adjusted covered taxes and net globe income for the year. The Group has recognized a current tax expense of HK$46,151,000 related to the top-up tax for the six months ended 30 June 2026 (for the six months ended 30 June 2025: HK$22,426,000) which is expected to be levied on group entities. The Group has applied the temporary mandatory exception for recognizing and disclosing deferred tax assets and liabilities for the impacts of the top- up tax and accounts for it as a current tax when it is incurred. (f) Taxation for other jurisdictions is calculated at the rates prevailing in the relevant jurisdictions. The deferred tax credit is mainly related to the tax effect of temporary difference between the tax base of certain assets and liabilities and the carrying value of the assets and liabilities. The balance mainly includes temporary differences arising from retirement benefit obligations, provisions, inventories, trade receivables, right-of-use assets and lease liabilities.
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Page 25 of 36 9. DIVIDENDS Six months ended 30 June 2026 2025 HK$'000 HK$'000 (unaudited) (unaudited) Dividend recognized as distribution during the period Final dividend for 2025 paid of HK$0.34 (2025: final dividend for 2024 paid of HK$0.07) per share on 417,836,983 (2025: 416,458,633) shares 142,065 29,152 Special dividend for 2025 paid of HK$0.79 (2025: special dividend for 2024 paid of HK$0.25) per share on 417,836,983 (2025: 416,458,633) shares 330,091 104,115 Note: During the period, 56,650 new shares were issued by the Company under Employee Share Incentive Scheme on 30 April 2026. As a result, an additional dividend HK$64,000 was paid. Dividend declared after the end of the interim reporting period Interim dividend for 2026 of HK$0.97 (2025: HK$0.26) per share on 419,408,233 (2025: 416,458,633) shares 406,826 108,279 The dividend declared after 30 June 2026 will be paid to the shareholders of the Company whose names appear on the Register of Members on 17 August 2026.
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Page 26 of 36 10. EARNINGS PER SHARE From continued operations The calculation of the basic and diluted earnings per share from continuing operations attributable to owners of the Company is based on the following data: Six months ended 30 June 2026 2025 HK$'000 HK$'000 (unaudited) (unaudited) Profit for the period attributable to owners of the Company (from continuing and discontinued operations) 588,956 214,852 Less: Loss for the period from discontinued operation (158,155) (44,420) Earnings for the purpose of calculating basic and diluted earnings per share (profit for the period attributable to owners of the Company) 747,111 259,272 Number of shares (in thousands) Six months ended 30 June 2026 2025 (unaudited) (unaudited) Weighted average number of ordinary shares for the purpose of calculating basic earnings per share 417,725 416,374 Effect of dilutive potential shares: – Employee Share Incentive Scheme 902 286 Weighted average number of ordinary shares for the purpose of calculating diluted earnings per share 418,627 416,660 From discontinued operation For the six months ended 30 June 2026, basic and diluted loss per share for the discontinued operation is HK$0.38 per share (for the six months ended 30 June 2025: HK$0.11 loss per share) based on the loss for the period from the discontinued operation of approximately HK$158,155,000 (for the six months ended 30 June 2025: loss of HK$44,420,000) and the denominators detailed above for basic earnings per share. The computation of diluted loss per share for the discontinued operation for the six months ended 30 June 2026 and 30 June 2025 does not assume the effect of potential shares from the Employee Share Incentive Scheme, since this would result in a decrease in loss per share from discontinued operation.
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Page 27 of 36 11. TRADE AND OTHER RECEIVABLES At 30 June At 31 December 2026 2025 HK$'000 HK$'000 (unaudited) (audited) Trade receivables (Note) 4,562,208 3,551,700 Value-added tax recoverable 394,577 319,016 Other receivables, deposits and prepayments 476,172 367,681 5,432,957 4,238,397 The following is an aging analysis of trade receivables net of allowance for credit losses presented based on the due date at the end of the reporting period: At 30 June At 31 December 2026 2025 HK$'000 HK$'000 (unaudited) (audited) Not yet due (Note) 3,409,670 2,570,848 Overdue within 30 days 456,629 419,502 Overdue 31 to 60 days 284,865 183,529 Overdue 61 to 90 days 103,412 47,586 Overdue over 90 days 307,632 330,235 4,562,208 3,551,700 Note: The amount included notes receivables amounting to HK$327,883,000 (31 December 2025: HK$212,825,000) are held by the Group for future settlement of trade receivables. All notes receivables received by the Group are with a maturity period of less than one year. As at 31 December 2025, the Group has note receivables amounting to HK$18,821,000 (30 June 2026: nil) that were discounted to a bank with recourse. As the Group has not transferred the significant risks and rewards relating to these receivables, it continues to recognize the full carrying amount of the receivables and has recognized the cash received on the transfer as a collateralized borrowing. These receivables are carried at amortized cost in the Group's condensed consolidated statement of financial position. Credit policy: Before accepting any new customer, the Group assesses the potential customer's credit quality and pre-sets maximum credit limit for each customer. Limits and credit quality attributed to customers are reviewed regularly. Payment terms with customers are mainly on credit together with deposits received in advance. Invoices are normally payable within 30 days to 60 days of issuance, except for certain well established customers, where the terms are extended to 3 to 4 months or longer.
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Page 28 of 36 12. TRADE LIABILITIES AND OTHER PAYABLES At 30 June At 31 December 2026 2025 HK$'000 HK$'000 (unaudited) (audited) Trade payables 1,781,999 1,565,188 Deferred income (Note a) 180,562 150,811 Accrued salaries and wages 265,884 208,212 Other accrued charges 685,198 671,860 Payables arising from acquisition of property, plant and equipment 25,856 35,220 Contingent consideration for acquisitions – 11,071 Other payables (Note b) 291,040 218,671 3,230,539 2,861,033 Notes: (a) The amounts mainly represent the spare credits that grant customers the right to purchase certain amounts of spare parts for free, which are contract liabilities. (b) The amounts mainly represent the value-added tax payable and sundry payables or accruals of operating expenses. The following is an aging analysis of trade payables presented based on the due date at the end of the reporting period: At 30 June At 31 December 2026 2025 HK$'000 HK$'000 (unaudited) (audited) Not yet due 1,291,308 1,369,620 Overdue within 30 days 197,489 98,877 Overdue 31 to 60 days 134,426 37,748 Overdue 61 to 90 days 122,144 22,119 Overdue over 90 days 36,632 36,824 1,781,999 1,565,188 The average credit period on purchases of goods ranges from 30 to 90 days. The Group has financial risk management policies in place to ensure that all payables are settled within the credit timeframe.
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Page 29 of 36 13. DISCONTINUED OPERATION For the Group's businesses' strategic fit, the Group decided to divest ASMPT NEXX, Inc. ("NEXX") business within the semiconductor solutions segment through sale of its entire equity interest to an independent third party. NEXX is a separate major line of semiconductor solutions business and a cash generating unit of the Group. The NEXX business was classified as assets held for sale which constitutes as a discontinued operation in 2025 on the expectation of a sale of the business. The sale of the NEXX business was completed on 3 June 2026. The results of the NEXX business for the period from 1 January 2026 to 3 June 2026 which have been included in the consolidated statement of profit or loss with the restated comparative figures to represent the NEXX business as a discontinued operation, were as follows: Period from 1 January 2026 to 3 June 2026 Six months ended 30 June 2025 HK$'000 HK$'000 Revenue 154,589 277,008 Cost of sales (144,348) (162,707) Gross profit 10,241 114,301 Other income 1,907 3,214 Selling and distribution expenses (48,305) (62,334) General and administrative expenses (26,351) (18,959) Research and development expenses (70,013) (87,590) Finance costs (631) (1,026) Loss before tax (133,152) (52,394) Income tax (expense) credit (38,725) 7,974 Loss for the period (171,877) (44,420) Gain on disposal of NEXX business 13,722 – Loss for the period from discontinued operation (158,155) (44,420) The net assets of NEXX business at the date of disposal were as follows: HK$'000 Net assets disposed of 838,658 Reclassification of cumulative translation reserve upon disposal of NEXX business (1,288) 837,370 Gain on disposal of NEXX business (Note a) 13,722 Total consideration, net of transaction costs (Note b) 851,092 Notes: (a) The gain on disposal of NEXX business is subject to the agreement with the buyer on the adjustments for the closing working capital and closing indebtedness in accordance with the terms and conditions under the sale and purchase agreement. (b) Total consideration included a deferred cash consideration of HK$141,041,000 (included in other non-current assets), which is held by the buyer as an indemnification retention amount and is payable to the Group in cash on or before 3 December 2027, subject to any valid indemnification claims under the sale and purchase agreement.
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Page 30 of 36 RECONCILIATION OF HKFRS MEASURES TO THE NON-HKFRS MEASURES For review of financial performance, the Group has provided adjusted results and adjusted earnings per share which are supplementary to the Group’s consolidated results in accordance with HKFRS Accounting Standards (“HKFRS”). The Group believes that these additional figures provide our shareholders and investors with useful supplementary information about our ongoing operating performance and facilitates the analysis and comparison of financial trends and results between periods. The adjusted results and adjusted earnings per share exclude the impact of (i) share-based payments, (ii) restructuring costs which were mainly related to employee severance, benefit arrangements and shutdown-related cost, (iii) gain on disposal of a joint venture, (iv) loss on dilution effect of investment in an associate, (v) impairment loss of goodwill and intangible assets, (vi) one-off inventory write-off due to product portfolio optimization resulted from the closure of ASMPT Equipment (Shenzhen) Co., Ltd. (“AEC”) in Q3 2025, (vii) loss on deemed disposal of Semiconductor Wet Advanced Technology Limited (“SWAT”), a non-wholly owned subsidiary of the Group, (viii) gain on disposal of NEXX business and (ix) related income tax effects. Share-based payments under the employee share incentive scheme of the Group are included in HKFRS reporting. For non-HKFRS measures, it was excluded for greater comparability of operating results across periods. Management believes that it will provide greater comparability of operating results across periods by eliminating the share-based payments, which can vary based on the award timing, vesting period and market price volatility. The use of these non-HKFRS measures may have certain limitations as a tool for analysis and comparison. Shareholders and investors are advised not to consider these non-HKFRS measures in isolation from, or as a substitute for analysis of, the Group’s financial performance as reported under HKFRS. Also, please note that these non-HKFRS measures may be defined differently from similar terms used by other companies. The following tables highlighted the reconciliations of the Group’s financial measures prepared in accordance with HKFRS for Q2 2026, Q1 2026, Q2 2025, 1H 2026, 2H 2025 and 1H 2025 to the non-HKFRS measures. Three months ended Q2 2026 Q1 2026 Q2 2025 HK$'000 HK$'000 HK$'000 (unaudited) (unaudited) (unaudited) (restated) Continuing operations Gross profit 2,092,487 1,566,048 1,283,211 Non-HKFRS adjustment: – Share-based payments 5,387 – 3,577 Adjusted gross profit 2,097,874 1,566,048 1,286,788 Gross profit margin 42.4% 39.5% 39.6% Adjusted gross profit margin 42.5% 39.5% 39.7% Operating profit 786,474 385,177 196,548 Non-HKFRS adjustment: – Share-based payments 60,502 10,491 33,101 Adjusted operating profit 846,976 395,668 229,649
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Page 31 of 36 RECONCILIATION OF HKFRS MEASURES TO THE NON-HKFRS MEASURES (continued) Three months ended Q2 2026 Q1 2026 Q2 2025 HK$'000 HK$'000 HK$'000 (unaudited) (unaudited) (unaudited) (restated) Continuing operations Net profit 417,843 323,791 150,797 Non-HKFRS adjustments: – Share-based payments 60,502 10,491 33,101 – Restructuring costs 6,495 3,635 755 – Loss on deemed disposal of a subsidiary (SWAT) 152,519 – – – Gain on adjustment on contingent consideration (11,418) – – – Impairment loss of goodwill and intangible assets 21,985 – – – Related income tax effects (10,398) (2,697) (4,520) Adjusted net profit from continuing operations 637,528 335,220 180,133 Discontinued operation Net loss (85,570) (72,585) (16,459) Non-HKFRS adjustments: – Share-based payments 6,766 – 528 – Gain on disposal of NEXX business (13,722) – – – Related income tax effects (1,659) – (130) Adjusted net loss from discontinued operation (94,185) (72,585) (16,061) Adjusted net profit from continuing and discontinued operations 543,343 262,635 164,072 Adjusted net profit margin (from continuing operations) 12.9% 8.5% 5.6% Adjusted net profit margin (from continuing and discontinued operations) 10.9% 6.4% 4.8% Adjusted basic earnings per share (from continuing operations) HK$1.53 HK$0.81 HK$0.43 Adjusted basic earnings per share (from continuing and discontinued operations) HK$1.31 HK$0.64 HK$0.39
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Page 32 of 36 RECONCILIATION OF HKFRS MEASURES TO THE NON-HKFRS MEASURES (continued) Six months ended 1H 2026 2H 2025 1H 2025 HK$'000 HK$'000 HK$'000 (unaudited) (unaudited) (unaudited) (restated) Continuing operations Gross profit 3,658,535 2,671,188 2,514,650 Non-HKFRS adjustments: – Share-based payments 5,387 6,134 3,819 – One-off inventory write-off – 73,884 – Adjusted gross profit 3,663,922 2,751,206 2,518,469 Gross profit margin 41.1% 35.7% 40.2% Adjusted gross profit margin 41.2% 36.7% 40.3% Operating profit 1,171,651 241,630 383,874 Non-HKFRS adjustments: – Share-based payments 70,993 71,718 36,506 – One-off inventory write-off – 73,884 – Adjusted operating profit 1,242,644 387,232 420,380
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Page 33 of 36 RECONCILIATION OF HKFRS MEASURES TO THE NON-HKFRS MEASURES (continued) Six months ended 1H 2026 2H 2025 1H 2025 HK$'000 HK$'000 HK$'000 (unaudited) (unaudited) (unaudited) (restated) Continuing operations Net profit 741,634 823,359 261,352 Non-HKFRS adjustments: – Share-based payments 70,993 71,718 36,506 – Restructuring costs 10,130 341,817 1,634 – Loss on deemed disposal of a subsidiary (SWAT) 152,519 – – – Gain on adjustment on contingent consideration (11,418) – – – Gain on disposal of a joint venture – (1,113,538) – – One-off inventory write-off – 73,884 – – Loss on dilution effect of investment in an associate – 5,034 – – Impairment loss of goodwill and intangible assets 21,985 66,972 – – Related income tax effects (13,095) (1,835) (5,136) Adjusted net profit from continuing operations 972,748 267,411 294,356 Discontinued operation Net loss (158,155) (138,344) (44,420) Non-HKFRS adjustments: – Share-based payments 6,766 995 565 – Gain on disposal of NEXX business (13,722) – – – Impairment loss of goodwill – 217,386 – – Related income tax effects (1,659) (244) (139) Adjusted net (loss) profit from discontinued operation (166,770) 79,793 (43,994) Adjusted net profit from continuing and discontinued operations 805,978 347,204 250,362 Adjusted net profit margin (from continuing operations) 10.9% 3.6% 4.7% Adjusted net profit margin (from continuing and discontinued operations) 8.9% 4.3% 3.8% Adjusted basic earnings per share (from continuing operations) HK$2.34 HK$0.65 HK$0.70 Adjusted basic earnings per share (from continuing and discontinued operations) HK$1.94 HK$0.84 HK$0.60
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Page 34 of 36 RECONCILIATION OF HKFRS MEASURES TO THE NON-HKFRS MEASURES (continued) The following table highlighted the reconciliations of financial measures for the Semiconductor solutions (“SEMI”) and Surface mount technology solutions (“SMT”) prepared in accordance with HKFRS for Q2 2026, Q1 2026 and Q2 2025 to the non-HKFRS measures. Three months ended Q2 2026 Q1 2026 Q2 2025 SEMI SMT SEMI SMT SEMI SMT HK$'000 HK$'000 HK$'000 HK$'000 HK$'000 HK$'000 (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) (restated) (restated) Continuing operations Gross profit 1,339,784 752,703 994,790 571,258 830,517 452,694 Non-HKFRS adjustment: – Share-based payments 5,072 315 – – 3,302 275 Adjusted gross profit 1,344,856 753,018 994,790 571,258 833,819 452,969 Gross profit margin 46.3% 36.8% 46.4% 31.3% 44.8% 32.5% Adjusted gross profit margin 46.5% 36.8% 46.4% 31.3% 45.0% 32.6% Segment profit 564,184 276,909 306,912 141,063 202,033 53,444 Non-HKFRS adjustment: – Share-based payments 38,972 7,933 2,492 783 21,242 5,153 Adjusted segment profit 603,156 284,842 309,404 141,846 223,275 58,597 Segment margin 19.5% 13.5% 14.3% 7.7% 10.9% 3.8% Adjusted segment margin 20.9% 13.9% 14.4% 7.8% 12.1% 4.2%
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Page 35 of 36 RECONCILIATION OF HKFRS MEASURES TO THE NON-HKFRS MEASURES (continued) Six months ended 1H 2026 2H 2025 1H 2025 SEMI SMT SEMI SMT SEMI SMT HK$'000 HK$'000 HK$'000 HK$'000 HK$'000 HK$'000 (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) (restated) (restated) Continuing operations Gross profit 2,334,574 1,323,961 1,419,207 1,251,981 1,705,002 809,648 Non-HKFRS adjustment: – Share-based payments 5,072 315 5,728 407 3,526 293 – One-off inventory write- off – – 73,884 – – – Adjusted gross profit 2,339,646 1,324,276 1,498,819 1,252,388 1,708,528 809,941 Gross profit margin 46.4% 34.2% 38.8% 32.7% 45.8% 32.0% Adjusted gross profit margin 46.5% 34.2% 41.0% 32.7% 45.9% 32.1% Segment profit 871,096 417,972 84,370 356,043 465,355 48,136 Non-HKFRS adjustment: – Share-based payments 41,464 8,716 40,710 10,485 22,799 5,570 – One-off inventory write- off – – 73,884 – – – Adjusted segment profit 912,560 426,688 198,964 366,528 488,154 53,706 Segment margin 17.3% 10.8% 2.3% 9.3% 12.5% 1.9% Adjusted segment margin 18.1% 11.0% 5.4% 9.6% 13.1% 2.1%
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Page 36 of 36 CORPORATE GOVERNANCE The Company has complied with all the code provisions set out in the Corporate Governance Code (the “CG Code”) contained in Part 2 of Appendix C1 of the Listing Rules throughout the six months ended 30 June 2026. The Company reviews its corporate governance practices regularly to ensure compliance with the CG Code. AUDIT COMMITTEE The Audit Committee of the Company (the “Audit Committee”) comprises three Independent Non- Executive Directors and one Non-Executive Director who together have substantial experience in fields of auditing, business, accounting, corporate internal control and regulatory affairs. REVIEW OF FINANCIAL STATEMENTS The Audit Committee has reviewed the Group’s unaudited condensed consolidated financial statements for the six months ended 30 June 2026 in conjunction with the Company’s external auditor. PURCHASE, SALE OR REDEMPTION OF THE COMPANY’S LISTED SECURITIES During the six months ended 30 June 2026, neither the Company nor any of its subsidiaries purchased, sold or redeemed any of the Company’s listed securities. BOARD OF DIRECTORS As at the date of this announcement, the Board comprises Mr. John Lok Kam Chong (Chairman), Mr. Andrew Chong Yang Hsueh, Ms. Hera Siu Kitwan and Ms. Wendy Koh Meng Meng as Independent Non-Executive Directors, and Dr. Hichem M’Saad and Mr. Paulus Antonius Henricus Verhagen as Non-Executive Directors. On behalf of the Board ASMPT Limited Kong Choon, Jupiter Company Secretary Hong Kong, 28 July 2026 (In case of any inconsistency, the English version of this announcement shall prevail over the Chinese version.)