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apmemory 1001 00 0011001.0010100101000001010100 001 00 101 00101000001010 100/1 101000001010 100 11 AP Memory Technology Corporation 188988439 do 187000001010 100 11 00100 101 0010100000101010011001 SING SERVER 010 001.00 6811 101001 100101000001010 10011001 0010100101000881 101000001010 100 11 001 00 101 00101000001010 100 11 0000L L0000 1004+ 001010 100 11 001 00 101 00101000001010100 11 001 00 100a 1000001010 100 11 001 00 01 001010000401000 DOLOL0000010L0000 2026 Q2 Investor Conference 010100000100 10 1.00 110 LITING Aug 6th , 2026
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COPYRIGHT © 2026 AP MEMORY. All rights reserved. 2 The forward-looking statements contained in the presentation are subject to risks and uncertainties and actual results may differ materially from those expressed or implied in these forward-looking statements. AP Memory makes no representation or warranty as to the accuracy or completeness of these forward-looking statements and nor does AP Memory undertake any obligation to update any forward-looking statements, whether as a result of new information or future events. Disclaimer
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COPYRIGHT © 2026 AP MEMORY. All rights reserved. Company Profile ⚫ A fabless company focused on customized memory and IP ⚫ Headquartered in Hsinchu, Taiwan ⚫ R&D centers in US, Taiwan, and China. Operation in Taiwan ⚫ Headcount: ~293 ⚫ Listed on TWSE since 2016 3 ⚫ 163M Shares outstanding with par at NT$5
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COPYRIGHT © 2026 AP MEMORY. All rights reserved. Listed on TWSE (6531) Exited specialty DRAM business • Acquired Zentel Electronics • VHM enters production • 2-for-1 Stock split Started VHM 3D integration pilot project Milestones AP Memory Founded 2011 2016 2017 2018 2020 2021 S-SiCap Interposer (IPC) enters production 2022 Kick-off on AI mainstream POC project 2023 4 2024 Issuance of GDR for US$190M Note: VHM - Very High-bandwidth Memory; VHMStack - Very High-bandwidth Memory with multiple stacked layers S-SiCap - Stack Silicon Capacitor, AP Memory’s SiCap technology which uses a stack capacitor ; IPC - Capacitor in silicon Interposer ; IPD - Silicon capacitor embedded in substrate S-SiCap (IPD) qualified for substrate embedding 2025 • Started S-SiCap development • ApSRAM MP • IPD MP 2026
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COPYRIGHT © 2026 AP MEMORY. All rights reserved. 5 Business Review & Future Outlook 2 2026Q2 Financial Highlight 1 Q&A 3 Agenda
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COPYRIGHT © 2026 AP MEMORY. All rights reserved. 01 2026Q2 Financial Highlight
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COPYRIGHT © 2026 AP MEMORY. All rights reserved. 7 2026 Q2 Consolidated Income Statement (in NT$K) 2Q26 1Q26 2Q25Note 1 QoQ YoY Net Revenue (in US$K) 74,617 66,261 42,973 13% 74% Avg. FX rate (US$/NT$) 31.67 31.69 30.92 - 2% Net Revenue 2,362,877 100% 2,099,951 100% 1,328,703 100% 13% 78% Gross Margin 1,159,329 49% 969,865 46% 561,334 42% 20% 107% SG&A exp. 117,341 5% 110,865 5% 84,067 6% 6% 40% R&D exp. 316,316 13% 270,751 13% 207,944 16% 17% 52% Operating Expenses 433,657 18% 381,616 18% 292,011 22% 14% 49% Operating Margin 725,672 31% 588,249 28% 269,323 20% 23% 169% Foreign Exchange Gain (loss) ( 24,203 ) ( 1% ) 140,145 6% ( 977,324 ) ( 74% ) ( 117% ) 98% Other Non-Ope. Income 133,424 5% 97,297 5% 21,703 2% 37% 515% Non-Ope. Income (loss) 109,221 4% 237,442 11% ( 955,621 ) ( 72% ) ( 54% ) 111% Profit (loss) before income tax 834,893 35% 825,691 39% ( 686,298 ) ( 52% ) 1% 222% Income tax expense (profit) 167,714 7% 165,725 8% ( 134,552 ) ( 10% ) 1% 225% Net income (loss) 667,179 28% 659,966 31% ( 551,746 ) ( 42% ) 1% 221% Net income (loss) attributable to: Shareholders of the parent 681,172 29% 676,217 32% ( 547,537 ) ( 41% ) 1% 224% Non-controlling interests ( 13,993 ) ( 1% ) ( 16,251 ) ( 1% ) ( 4,209 ) ( 1% ) 14% ( 232% ) Basic Earnings (loss) per share (NT$) 4.18 4.15 ( 3.37 ) 1% 224% Avg. Weighted Shares (K Shares) 162,978 162,798 162,537 0.11% 0.27% Note 1 : Retrospectively restated for consolidation of Onecent financials.
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COPYRIGHT © 2026 AP MEMORY. All rights reserved. 8 2026 Q2 Pro Forma I/S: Excl. FX impact from Unused GDR Funds (in NT$K) 2Q26 1Q26 2Q25Note 1 QoQ YoY Net Revenue (in US$K) 74,617 66,261 42,973 13% 74% Avg. FX rate (US$/NT$) 31.67 31.69 30.92 - 2% Net Revenue 2,362,877 100% 2,099,951 100% 1,328,703 100% 13% 78% Gross Margin 1,159,329 49% 969,865 46% 561,334 42% 20% 107% SG&A exp. 117,341 5% 110,865 5% 84,067 6% 6% 40% R&D exp. 316,316 13% 270,751 13% 207,944 16% 17% 52% Operating Expenses 433,657 18% 381,616 18% 292,011 22% 14% 49% Operating Margin 725,672 31% 588,249 28% 269,323 20% 23% 169% Foreign Exchange Gain (loss) Note 2 ( 2,532 ) - 37,879 2% ( 270,511 ) ( 20% ) ( 107% ) 99% Other Non-Ope. Income 133,424 5% 97,297 4% 21,703 2% 37% 515% Non-Ope. Income (loss)Note 2 130,892 5% 135,176 6% ( 248,808 ) ( 18% ) ( 3% ) 153% Profit before income tax Note 2 856,564 36% 723,425 34% 20,515 2% 18% 4,075% Income tax expense Note 2 172,048 7% 145,272 7% 6,811 1% 18% 2,426% Net income Note 2 684,516 29% 578,153 27% 13,704 1% 18% 4,895% Net income attributable to: Shareholders of the parent Note 2 698,509 30% 594,404 28% 17,913 2% 18% 3,799% Non-controlling interests ( 13,993 ) ( 1% ) ( 16,251 ) ( 1% ) ( 4,209 ) ( 1% ) 14% ( 232% ) Basic Earnings per share (NT$) Note 2 4.29 3.65 0.11 17% 3,789% Avg. Weighted Shares (K Shares) 162,978 162,798 162,537 0.11% 0.27% Note 1 : Retrospectively restated for consolidation of Onecent financials. Note 2 : The figures presented are pro forma estimates and do not reflect actual financial statement data.
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COPYRIGHT © 2026 AP MEMORY. All rights reserved. 9 2026.06.30 Consolidated Balance Sheet 2026.06.30 2026.03.31 2025.06.30Note 1 (in NT$K) AMT % AMT % AMT % Total Assets 16,883,261 100% 15,567,366 100% 13,163,291 100% Cash and Cash Equiv. 9,708,479 58% 8,765,915 56% 4,704,445 36% Financial assets at amortized cost 2,559,917 15% 2,843,170 18% 4,767,867 36% Account Receivables 792,717 5% 743,717 5% 510,487 4% Inventories 1,575,622 9% 1,190,175 8% 945,290 7% Financial assets at FV 277,867 2% 247,961 2% 576,527 4% Equity Method Investments 950,103 5% 956,032 6% 961,943 7% Other Assets 1,018,556 6% 820,396 5% 696,732 6% Total Liabilities 4,131,371 24% 3,557,927 23% 2,389,441 18% Short-term borrowings 50,000 0% 50,000 0% 50,000 0% Contract liabilities 1,320,592 8% 948,690 6% 501,683 4% Accounts payable 717,473 4% 528,496 4% 277,580 2% Current Tax Liabilities 345,046 2% 494,261 3% 31,283 0% Dividend Payable 1,139,671 7% 1,139,702 7% 1,137,154 9% Other Liabilities 558,589 3% 396,778 3% 391,741 3% Shareholders' Equity 12,751,890 76% 12,009,439 77% 10,773,850 82% Equity attributable to shareholders of the parent 12,569,099 75% 11,813,798 76% 10,628,742 81% Non-controlling interests 182,791 1% 195,641 1% 145,108 1% Net Worth Per Share (NT$) 77.04 72.55 65.37 Note 1 : Retrospectively restated for consolidation of Onecent financials.
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COPYRIGHT © 2026 AP MEMORY. All rights reserved. 02 Business Review & Future Outlook
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COPYRIGHT © 2026 AP MEMORY. All rights reserved. Reporting by Product Lines IoT + AI = IoTRAM + S-SiCap +VHM Best memory solutions for AI/HPC Best memory for IoT, Second to none. S-SiCap IPD + IPC Integrated Passive Devices (“IPD”) InterPosers with S-SiCap (“IPC”) IoTRAM VHM (Including VHMStack ) 11 Note: VHM - Very High-bandwidth Memory; VHMStack - Very High-bandwidth Memory with multiple stacked layers S-SiCap - Stack Silicon Capacitor, AP Memory’s SiCap technology which uses a stack capacitor ; IPC - Capacitor in silicon Interposer ; IPD - Silicon capacitor embedded in substrate
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COPYRIGHT © 2026 AP MEMORY. All rights reserved. 1,200 1,125 624 836 907 879 855 1,092 1,104 1,137 1,474 1,688 31 24 84 54 323 243 54 66 77 173 54 37 103 171 314 558 572 638 41% 44% 46% 51% 52% 53% 46% 42% 46% 50% 46% 49% 0% 10% 20% 30% 40% 50% 60% - 500 1,000 1,500 2,000 2,500 3,000 3,500 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 IoTRAM VHM S-SiCap Gross Margin% 12 Quarterly Revenue & Gross Margin % (NT$M)
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COPYRIGHT © 2026 AP MEMORY. All rights reserved. 389 99 364 214 26 366 259 (956) 479 336 237 109 31% 9% 49% 23% 2% 30% 26% -72% 32% 18% 11% 4% -105% -85% -65% -45% -25% -5% 15% 35% 55% 75% -1500 -1000 -500 0 500 1000 1500 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 Non Operating Profit or Loss % Non Operating Profit or loss 13 Operating & Non-Operating Profit (NT$M) (NT$M) 261 284 106 228 381 348 175 269 381 572 588 72621% 24% 14% 24% 30% 28% 18% 20% 25% 31% 28% 31% 0% 10% 20% 30% 40% 50% 60% 70% 80% 0 500 1000 1500 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 Operating Profit % Operating Margin
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COPYRIGHT © 2026 AP MEMORY. All rights reserved. 14 Net Income attributable to Shareholders of the parent (NT$M) 530 370 368 370 337 502 331 -548 706 766 676 681 43% 32% 49% 39% 26% 41% 34% -41% 47% 41% 32% 29% -60% -40% -20% 0% 20% 40% 60% -1500 -1000 -500 0 500 1000 1500 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 Net Income attributable to shareholders of the parent % Net Margin
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COPYRIGHT © 2026 AP MEMORY. All rights reserved. 59% 55% 37% 42% 40% 37% 52% 47% 45% 40% 42% 36% 20% 23% 36% 30% 31% 40% 26% 29% 31% 33% 27% 26% 21% 22% 27% 28% 29% 23% 22% 24% 24% 27% 31% 38%1,200 1,125 624 836 907 879 855 1,092 1,104 1,137 1,474 1,688 - 200 400 600 800 1,000 1,200 1,400 1,600 1,800 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 Connectivity Wearable Video/Audio/Others 15 IoTRAM Revenue by Category (NT$M)
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COPYRIGHT © 2026 AP MEMORY. All rights reserved. 16 ⚫ Very Strong Market Demand ⚫ Very strong IoTRAM adoption. Standard DRAM pricing continues to push customers to IoTRAM . ⚫ Higher volume and higher pricing. ⚫ ApSRAM MP continues ⚫ Wearable leading the way ⚫ Global MCU vendors widely adopting ApSRAM ⚫ Long-term: IoTRAM Market Position Stronger, Moderated by Capacity Limitation ⚫ Conversion from standard DRAM to IoTRAM is generally sticky. ⚫ Market demand exceeds current manufacturing capacity. Continue to seek more capacity resources. IoTRAM Product Line Update
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COPYRIGHT © 2026 AP MEMORY. All rights reserved. 17 S-SiCap Revenue (NT$M) 9 14 40 55 44 103 66 171 314 558 572 638 - 100 200 300 400 500 600 700 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26
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COPYRIGHT © 2026 AP MEMORY. All rights reserved. Package Substrate Interposer SoC Other Chiplets SoC VHMTMVHMStackTM 18 AP Memory IPC/IPD in Advanced Packaging Note: VHM - Very High-bandwidth Memory; VHMStack - Very High-bandwidth Memory with multiple stacked layers S-SiCap - Stack Silicon Capacitor, AP Memory’s SiCap technology which uses a stack capacitor ; IPC - Capacitor in silicon Interposer ; IPD - Silicon capacitor embedded in substrate Capacitors embedded in silicon interposer MP started in 2025, ramp continues 1. IPC - Silicon Interposer (“-S”) : ≤ 4 reticles Capacitors embedded in substrate (For all varieties of 2.5D/3D HPC packages) MP started in 2Q’26, rapid ramp-up expected in 1H27 2. IPD in Substrate (IPD)— Capacitor placed on landside of package substrate (Mainly mobile applications) MP started in 2Q’26 3. Landside Capacitor (LSC/ IPD)—
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COPYRIGHT © 2026 AP MEMORY. All rights reserved. 19 VHM Revenue by Category 29 20 32 35 27 93 31 62 77 167 41 322 4 52 19 296 150 23 4 6 13 5 31 24 84 54 323 243 54 66 77 173 54 37 0 50 100 150 200 250 300 350 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 NRE/Licensing/Royalty Wafer Sales(NT$M)
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COPYRIGHT © 2026 AP MEMORY. All rights reserved. 20 VHM and VHMStack Adoption Timeline Early Adopter/ETH Miner Developing ETH/ETC MP/ AI/HPC POC Developing AI/HPC Product Developing ⚫ VHM introduction ⚫ ETH as an early adopter ⚫ VHM (1+1) supply chain development AI/HPC Product MP ⚫ ETH/ETC MP >20Kpcs wafers shipped ⚫ AI/HPC POC projects development (VHM / VHMStack ) ⚫ 1+8Hi VHMStack functional silicon demonstrated ⚫ Multiple AI accelerators with VHM in design 4Q’18 4Q’244Q’21 4Q’27 2Q’26 Note: Ethereum (ETH) and Ethereum Classic (ETC) are crypto currencies with Proof-of-Work consensus mechanism.
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COPYRIGHT © 2026 AP MEMORY. All rights reserved. ⚫ Strong Business Growth ⚫ IoTRAM and S-SiCap Product Lines are growing rapidly ⚫ IPD, in particular, is entering an unprecedented rapid MP ramp, in support of new embedded-in-substrate application for AI/HPC ⚫ VHM expected to enter MP in 2028 ⚫ Securing Capacity for 2027 and beyond ⚫ Deposit (“Customer Advance Payment”) for wafer supply and OSAT capacity ⚫ More working capital is required ⚫ GDR Offering for Working Capital Needs ⚫ GDR to tap global investor base and capital pool ⚫ BoD approved proposal to issue up to 15,000,000 shares Future Outlook 21 Monthly Revenue (NT$M) 0 200 400 600 800 1000 1200 1 2 3 4 5 6 7 8 9 10 11 12 2025 2026
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COPYRIGHT © 2026 AP MEMORY. All rights reserved. Q&A IR mail：ir@apmemory.com IR Tel：+886-3-5601651