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Sercomm 2026 Q2 Investor Conference August 11th , 2026 , Sercomm Proprietary and Confidential SERCOMM
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Safe Harbor Notice The following presentation may contain forward-looking statements regarding, among other things, our financial condition, future expansion plans and business strategies based on our current expectations and projections about future events. Although we believe that these expectations and projections are reasonable, such forward-looking statements are inherently subject to risks, uncertainties and assumptions. The company undertakes no obligation to publicly update or revise any forward-looking statements whether as a result of new information, future events or otherwise. The actual results could differ materially from those contained in these forward-looking statements.
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2026 Q2 Income Statement – YoY Comparison Unit : NT$ Million 2026 Q2 2025 Q2 YoY Change % Net Sales 20,616 100.0% 12,215 100.0% 68.8% Cost of Goods Sold 18,080 87.7% 10,190 83.4% 77.4% Gross Profit 2,536 12.3% 2,025 16.6% 25.2% Operating Expenses 1,858 9.0% 1,647 13.5% 12.8% Operating Profit 678 3.3% 378 3.1% 79.3% Non-operating Income & Expenses -71 -0.4% 35 0.3% -302.9% Income Before Tax 607 2.9% 413 3.4% 47.0% Net Income Attributable to Owners of Parent 473 2.3% 334 2.7% 41.6% EPS After Tax (NT$1) 1.58 1.13 Weighted Average Shares (MN) 300 297
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2026 Q2 Income Statement – QoQ Comparison Unit : NT$ Million 2026 Q2 2026 Q1 QoQ Change % Net Sales 20,616 100.0% 16,646 100.0% 23.8% Cost of Goods Sold 18,080 87.7% 14,372 86.3% 25.8% Gross Profit 2,536 12.3% 2,274 13.7% 11.5% Operating Expenses 1,858 9.0% 1,784 10.8% 4.1% Operating Profit 678 3.3% 490 2.9% 38.2% Non-operating Income & Expenses -71 -0.4% -107 -0.6% -33.8% Income Before Tax 607 2.9% 383 2.3% 58.6% Net Income Attributable to Owners of Parent 473 2.3% 302 1.8% 56.5% EPS After Tax (NT$1) 1.58 1.01 Weighted Average Shares (MN) 300 300
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2026 H1 Income Statement - YoY Comparison Unit : NT$ Million 2026 H1 2025 H1 YoY Change % Net Sales 37,263 100.0% 23,569 100.0% 58.1% Cost of Goods Sold 32,452 87.1% 19,380 82.2% 67.4% Gross Profit 4,811 12.9% 4,189 17.8% 14.8% Operating Expenses 3,643 9.8% 3,451 14.7% 5.6% Operating Profit 1,168 3.1% 738 3.1% 58.3% Non-operating Income & Expenses -178 -0.5% 57 0.3% -412.3% Income Before Tax 990 2.6% 795 3.4% 24.5% Net Income Attributable to Owners of Parent 775 2.1% 639 2.7% 21.3% EPS After Tax (NT$1) 2.59 2.15 Weighted Average Shares (MN) 300 298
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Broadband CPE 60% Infrastructure & IoT 21% Enterprise 19% Revenue Breakdown by Product 2026 H1 NT$ 37.3 BN Broadband CPE 58% Infra. & IoT 20% Enterprise 22% 2025 NT $54 BN
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Balance Sheet Unit : NT$ Million 'Jun 30, 2026 'Dec 31, 2025 'Jun 30, 2025 Cash & Cash Equivalents 5,560 9.6% 5,759 11.9% 11,398 24.7% A/R 12,408 21.3% 11,456 23.7% 8,670 18.8% Inventory 28,771 49.4% 19,465 40.3% 15,827 34.4% Other Current Assets 2,480 4.3% 2,578 5.3% 1,694 3.7% Non-current Assets 8,993 15.4% 9,074 18.8% 8,457 18.4% Total Assets 58,212 100.0% 48,332 100.0% 46,046 100.0% Short-term Borrowings 5,639 9.7% 2,146 4.4% 3,826 8.3% A/P 24,524 42.1% 19,818 41.1% 15,693 34.1% Long-term liabilities, Current Portion - - - 1,400 3.1% Other Current Liabilities 7,631 13.1% 6,826 14.1% 7,036 15.2% Total Current Liabilities 37,794 64.9% 28,790 59.6% 27,955 60.7% Non-current Liabilities 4,220 7.3% 3,599 7.4% 3,462 7.5% Total Liabilities 42,014 72.2% 32,389 67.0% 31,417 68.2% Total Equity 16,198 27.8% 15,943 33.0% 14,629 31.8% A/R Turnover Days 58 78 79 Inventory Turnover Days 135 125 129 A/P Turnover Days 125 129 133
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Consolidated Cash Flow NT$Million Jan 1 ~ Jun 30, 2026 Jan 1 ~ Dec 31, 2025 -Profit before Tax 990 1,506 -Depreciation & Amortization 583 1,059 -Other Op Sources/(Uses) (5,035) (839) From Operation (3,462) 1,726 -Fixed Investment (359) (1,499) -Intangible Assets (29) (199) -Other Investing Sources/(Uses) (15) 36 From Investment (403) (1,662) -S-T Liabilities 3,510 1,155 -L-T Liabilities 700 - -Treasury Stock/ Option/ Divident (749) (1,472) -Other Financing Sources/(Uses) 35 (2,170) From Financing 3,496 (2,487) Cash Equivalents at end of period 5,560 5,759
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