Slides
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8454.TT Second Quarter 2026 Results August 4, 2026
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2 The information contained in this presentation, including all forward-looking information, is subject to change without notice, whether as a result of new information, future events or otherwise, and momo.com (or hereafter the “Company”) undertakes no obligation to update or revise the information contained in this presentation. No representation or warranty, either expressed or implied, is provided in relation to the accuracy, completeness or reliability of the information contained herein, nor is the information intended to be a complete statement of the Company, markets or developments referred to in this presentation. Disclaimer
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3 Taiwan’s E-Commerce Market Has Ample Room for Further Penetration *Source: Company Data & Ministry of Economic Affairs 13% 14% 19% 20% 20% 21% 21% 23% 24% 25% 25% 26% 2018 2019 2020 2021 2022 2023 2024 2025E 2026E 2027E 2028E 2029E Global eCommerce Penetration 7% 9% 11% 14% 14% 13% 13% 14% 2018 2019 2020 2021 2022 2023 2024 2025 Taiwan eCommerce Penetration 13.5% 14.2% 2025 2Q 2026 2Q
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4 Key Operational Highlights for 1H26 Reinforcing dual growth engines to strengthen monetization and profitability Sustained 1P+3P Momentum: Core e-commerce GMV grew 7.1%, supported by deeper brand partnerships and a broader product assortment. • Stronger Engagement Among 1P Members: Member engagement initiatives increased the number of purchasing members and improved conversion. • Continued Optimization of the 3P Ecosystem: Improvements in platform governance, assortment quality, and merchant incentives continued to scale the platform. • Enhanced Advertising Monetization: Higher ad-network penetration and integrated onsite and offsite traffic improved conversion and monetization efficiency. Core Business: Multi-Engine Growth and Enhanced Monetization Warehousing and Logistics: Greater Scale and Efficiency Raise Barriers to Entry • Improved Logistics Efficiency: Process optimization and automation enhanced the customer experience and operating competitiveness. • Strengthening In-House Logistics Capabilities: A higher self-delivery rate at Fu Sheng Logistics improved service quality and operating stability. • Expanded Logistics Network: The delivery footprint across the NDC, CDC, and SDC continued to grow, strengthening nationwide fulfillment capacity.
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5 E-commerce YOY Growth Momentum Accelerates Q1: +5.3% 3C & Home Appliances Household Fashion & Luxury Beauty & Healthcare Sports & Outdoors Ranked by GMV Size 2Q25 2Q26 1H25 1H26 EC GMV (1P+3P) 1Q 2Q Q2: +7.1%
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6 Deeper Brand Partnerships and Member Engagement Strengthen 1P Competitiveness Platform-wide Active Users YoY +2.2% Number of 1P Brands Listed YoY +2.6% MAU YoY +3.0% Expanding direct brand partnerships and broadening product assortment Deepening member engagement Driving steady 1P growth * Based on 2Q26 results * Based on 2Q26 results *As of June 30, 2026
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7 Growth Engine: Continued Improvement in 3P Supply Quality 03 02 01 Strengthening platform governance Optimizing the product assortment Launching a quality merchant badge 3P Products Listed >3.7mn Curated 3P Merchants >10,000 3P GMV YoY Higher order completion rate Enhanced 3P fulfillment services Customer service satisfaction and store ratings remained stable with slight improvement Double-Digit Growth *Based on 1H26 results *As of 30 June 2026 Stronger product and service quality management enhances the shopping experience, improves the platform ecosystem, and supports sustainable long-term growth
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8 Growth Engine: Advertising Monetization Continues to Drive Platform Value Creation 為品牌供應商打造完整的廣告解決方案 momo RMN ROAS vs. market players ~1.5X momo Ads Revenue YoY Double-Digit Growth *Based on 1H26 results momo RMN Merchant Adoption ~50% First-party transaction data Offsite advertising • Build brand awarenes • Acquire new customers • Create demand Onsite advertising • Drive product conversion • Improve ROAS • Amplify existing demand End-to-end marketing loop Enhancing overall marketing effectiveness and creating greater value for the platform, brands, and consumers *Note: as of 30 June 2026 Delivering comprehensive advertising solutions for brand partners
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9 North Middle East South Nationwide Fulfillment Network Enables Efficient Execution Continuously Improving Logistics and After-Sales Service • 自有物流配送占比持續提升：2025 年約 40%，今年預期超過 50% Optimizing warehouse fulfillment to improve delivery efficiency 最佳配送路徑分析2最適出貨倉分析1 綠色自有車隊3 彰化 和美 NDC SDC CDC Hukou DC 50% 0% 10% 20% 30% 40% 50% 2023/12/31 2024/12/31 2025/12/31 2026/6/30 Delivery Share Handled by Fu Sheng Logistics 白金級 安裝 ~85% Same-day delivery rate ~88% Next-day delivery rate Ongoing Expansion of In-House Logistics Capabilities • Optimize regional fulfillment to reduce cross- region transfers and transportation • Strengthen fulfillment capacity and expand same-day delivery coverage • Accelerate automation to deliver continued efficiency gains Self-Delivery and Automation Improve Service and Cost Efficiency • An integrated network of NDCs, SDCs, and regional warehouses expands nationwide coverage and strengthens delivery density and reliability • CDC construction is 80% complete, with operations scheduled to begin in 2027 • Provide fast, highly integrated warehousing and distribution services • Enable real-time delivery capabilities ~
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10 AI-Driven Platform Enhancement AI is being progressively embedded across platform operations to improve customer experience and operational efficiency
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11 Consolidated Statement of Income Key ratios (%) 1H2026 1H2025 Take rate 13.5% 13.4% Gross margin from operations 9.1% 9.0% Operating margin 3.0% 3.0% Net margin 2.4% 2.9% (NTD million) 1H2026 1H2025 Revenue 53,686.2 52,436.0 Gross profit 7,247.2 7,042.1 Operating costs (2,341.1) (2,316.2) Gross profit from operations 4,906.1 4,725.9 Operating expenses (3,325.1) (3,166.9) Operating income 1,581.1 1,559.0 Net profit attributable to owners of the company 1,273.4 1,511.6 EPS (NTD) 4.81 5.70 ➢ Take rate = (商品毛利)/ (營業收入) ➢ Gross margin from operations 營業毛利率= (營業毛利)/ (營業收入) ➢ Operating margin營業利益率= (營業淨利) )/ (營業收入)
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12 Consolidated Balance Sheet & Cash Flow Statement (NTD million) 2026/6/30 2025/6/30 (NTD million) 2026/6/30 2025/6/30 Cash & Cash equivalents 4,768.7 5,293.3 Accounts payables 10,662.0 10,189.4 Accounts receivables 359.4 413.7 Other payables 4,007.7 4,335.8 Other receivables 1,943.7 1,972.2 Other current liabilities 3,794.0 3,498.6 Inventories 4,196.8 4,116.2 Total current liabilities 18,463.7 18,023.8 Other current assets 1,409.9 1,744.4 Total non-current liabilities 1,877.0 2,486.0 Total current assets 12,678.5 13,539.8 Total liabilities 20,340.7 20,509.8 Long-term Investments 452.9 465.8 Stock 2,649.8 2,649.8 Property, plant, and equipment 11,402.9 10,038.4 Capital surplus 1,723.6 1,723.6 Other non-current assets 4,193.2 4,757.3 Retained earnings 4,122.5 4,018.8 Total non-current assets 16,049.0 15,261.5 Other equity (190.9) (183.4) Non-controlling interests 81.8 82.7 Total assets 28,727.5 28,801.3 Total Shareholders' equity 8,386.8 8,291.5 (NTD million) 1H2026 1H2025 Net cash generated from operating activities 3,425.9 1,756.4 Net cash used in investing activities (519.1) (1,094.1) Net cash used in financing activities (381.2) (428.3) Consolidated Balance Sheet Consolidated Cash Flows
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2025 Sustainability Report — Highlights Across Five Key Pillars 99.11% Suppliers signing the Supplier/Contractor Sustainability Code of Conduct 100+ suppliers Engaged in low- carbon product transformation AI-enabled quality assurance AI used in product quality reviews ~770,000 momo Green Life Members 7,700+ products Products in the Green Life Collection >99.3% Suppliers adopting the Safe Call service for delivery personnel 450,000+ cartons Cartons saved through consolidated deliveries 380,000+ cartons Refurbished cartons returned to circulation 294.99+ mn kWh Solar power generated by the NDC and SDC in 2025 Taiwan’s Leading Green E-Commerce Platform 1:1 Male-to-Female Manager Ratio 100% Gender Equality Training Completion Rate 32,748 hours ESG Training Hours Over NT$100mn Annual charitable contributions 426,588 Beneficiaries 223,480 Consumers participating in cash and in-kind donations Partnerships Matters Society Matters Employee Matters Customer Matters The Environment Matters 13 Accelerating the low-carbon transition and advancing digital inclusion to create shared value for stakeholders and amplify the impact of our e-commerce platform
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14 Taiwan's Leading Green E-commerce Pioneer Taiwan retail sustainability awards Customer sustainability action award GoldExcellence award Global Views ESG corporate sustainability awards Retail services Taiwan retail sustainability awards Retail ESG overall performance award Exemplary award MSCI ESG Ratings Advancing the UN SDGs by embedding ESG into strategy and operations Partnering for sustainable value creation From corporate action to industry-wide impact Supplier partnership momo × Unilever beach cleanup Sustainability advocacy Global Views’Shared Value Circle: AI × ESG for carbon reduction Social care Green living points × 1919 Industry engagement Digital sustainability summit
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https://corp.momo.com.tw ir@fmt.com.tw 8454.TT