PSC — Interim / Quarterly Report 2025

May 15, 2025

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2025.05.15

• ⚫

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• This document may contain forward-looking statements, including but not limited to statements that address activities, events or developments that the Company expects or anticipates to occur in the future. All statements are made according to the projection of future operation and various political, economic and market factors beyond the Company’s control. Therefore, the actual results may differ materially from those contained in the forward-looking statements.

• ⚫ The financial information provided in the document has not fully been reviewed by accountant.

• ⚫ This document is not and cannot be construed as an offer to purchase or sell securities or other financial products or solicitation of an offer.

• ⚫ All texts, images, illustrations and other material are subject to copyright held by President Securities Corp. Any reproduction, dissemination, transmission, and forwarding is strictly prohibited without the express written permission of President Securities Corp.

President Securities Corporation | Tel : (02)8172-4668 | Add: No.8, Dongxing Rd., Songshan Dist., Taipei City , Taiwan

Global Economic Overview

U.S. tariffs are shaking the global economy, raising the risk of a recession.

• The U.S. imposed new tariffs on countries worldwide, including duties on steel, aluminum, cars, and reciprocal tariffs.

• Rising trade tensions have hurt global sentiment, with the IMF cutting its 2025 global growth forecast to 2.8%.

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U.S. Economy Contracts; Fed Holds Rates Steady.

• The U.S. Commerce Department forecasts a Q1 GDP decline of -0.3%, mainly due to a 41.3% surge in imports driven by new tariffs.

• The Federal Reserve kept interest rates unchanged in May, citing concerns that trade-related uncertainty could fuel inflation and unemployment..

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China Beats Expectations but Faces Tariff Strain.

• China’s Q1 GDP rose 5.4%, supported by 6.9% export growth. However, U.S. tariffs on Chinese goods—up to 145%—have led to factory shutdowns and job losses.

• Trade talks with the U.S. have resulted in a temporary suspension of most tariff measures..

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Taiwan’s Growth Rebounds Amid Supply Shifts.

• Taiwan’s GDP is estimated at 5.37% in 2025 Q1, driven by AI demand and pre-tariff export activity.

• Still, concerns remain over currency instability and industrial relocation due to ongoing tariff risks.

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President Securities Corporation | Tel : (02)8172-4668 | Add: No.8, Dongxing Rd., Songshan Dist., Taipei City , Taiwan

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Brief Introduction
President Futures Co.,LTD
Uni-President Asset Management Corp.
President Capital Management Corp.
Number of Date of President Insurance Agency Co., Ltd.
employees Incorporation PSC Venture Capital Investment Co., Ltd.
1,807
Product and Services
1988.12.17
Number
Brokerage, Proprietary Trading,
of Branches
Underwriting, Fixed Income Dealing, Affiliated
31
Financial Products, Shareholder Services,
Companies
Wealth Management & Trust, Capital
Offshore Securities Units
NTD 14.558
Billion
統一綜合證券 President Securities (Hong Kong) LimitedJinYuan President Securities Co.,Ltd.
President Securities Corporation
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統一綜合證券股份有限公司 ｜ 服務專線：(02)8172-4668 地址：台北市松山區東興路8號 ｜ 110年金管證總字第0067號

Consolidated Balance Sheets ITEM 2025 Q1 % 2024 Q1 % YOY Current Assets 200,378 95% 171,108 95% 17% Non-Current Assets 10,605 5% 9,612 5% 10% Total Assets 210,983 100% 180,720 100% 17% Current Liabilities 175,276 83% 146,441 81% 20% Non-Current Liabilities 231 0% 237 0% -3% Total Liabilities 175,507 83% 146,678 81% 20% Capital Common Stock 14,558 7% 14,558 8% 0% Other Equity 20,918 10% 19,484 11% 7% Total Equity 35,476 17% 34,042 19% 4%	Consolidated Balance Sheets ITEM 2025 Q1 % 2024 Q1 % YOY Current Assets 200,378 95% 171,108 95% 17% Non-Current Assets 10,605 5% 9,612 5% 10% Total Assets 210,983 100% 180,720 100% 17% Current Liabilities 175,276 83% 146,441 81% 20% Non-Current Liabilities 231 0% 237 0% -3% Total Liabilities 175,507 83% 146,678 81% 20% Capital Common Stock 14,558 7% 14,558 8% 0% Other Equity 20,918 10% 19,484 11% 7% Total Equity 35,476 17% 34,042 19% 4%	Consolidated Balance Sheets ITEM 2025 Q1 % 2024 Q1 % YOY Current Assets 200,378 95% 171,108 95% 17% Non-Current Assets 10,605 5% 9,612 5% 10% Total Assets 210,983 100% 180,720 100% 17% Current Liabilities 175,276 83% 146,441 81% 20% Non-Current Liabilities 231 0% 237 0% -3% Total Liabilities 175,507 83% 146,678 81% 20% Capital Common Stock 14,558 7% 14,558 8% 0% Other Equity 20,918 10% 19,484 11% 7% Total Equity 35,476 17% 34,042 19% 4%	Consolidated Balance Sheets ITEM 2025 Q1 % 2024 Q1 % YOY Current Assets 200,378 95% 171,108 95% 17% Non-Current Assets 10,605 5% 9,612 5% 10% Total Assets 210,983 100% 180,720 100% 17% Current Liabilities 175,276 83% 146,441 81% 20% Non-Current Liabilities 231 0% 237 0% -3% Total Liabilities 175,507 83% 146,678 81% 20% Capital Common Stock 14,558 7% 14,558 8% 0% Other Equity 20,918 10% 19,484 11% 7% Total Equity 35,476 17% 34,042 19% 4%
	ITEM	2025 Q1 % 2024 Q1 %	YOY 17% 10% 17% 20% -3% 20% 0% 7% 4%
	Current Assets Non-Current Assets	200,378 95% 171,108 95% 10,605 5% 9,612 5%
	Total Assets	210,983 100% 180,720 100% 175,276 83% 146,441 81% 231 0% 237 0%
	Current Liabilities Non-Current Liabilities
	Total Liabilities	175,507 83% 146,678 81% 14,558 7% 14,558 8% 20,918 10% 19,484 11%
	Capital Common Stock Other Equity
	Total Equity	35,476 17% 34,042 19%

Unit：Million NTD

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President Securities Corporation | Tel : (02)8172-4668 | Add: No.8, Dongxing Rd., Songshan Dist., Taipei City , Taiwan

	Consolidated Income Statement	Consolidated Income Statement	Consolidated Income Statement
	ITEM	2025 Q1 % 2024 Q1 %	YoY
	Revenues	1,728 100% 3,998 100% 1,991 115% 2,405 60%	-57% -17%
	Operating Expenses Operating Income Other Income and Costs Income Before Tax Income Tax Expense
		-263 -15% 1,593 40% 313 18% 251 6%	-117% 25%
		50 3% 1,844 46% 113 7% 116 3%	-97% -3%
	Net Income	-63 -4% 1,728 43% 98 6% 172 5%	-104% -43%
	Other Comprehensive Income Total Comprehensive Income
		35 2% 1,900 48%	-98%
	EPS(NTD)	-0.05 - 1.19 -	-104%

Unit：Million NTD

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President Securities Corporation | Tel : (02)8172-4668 | Add: No.8, Dongxing Rd., Songshan Dist., Taipei City , Taiwan

5 Years Operating Performances

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Revenue營收
Net Income淨利
100MIL
EPS
160
130.30
116.22
110 3.00
95.43
2.75
62.71 1.98
60
40.11 43.87
28.90
17.28
0.5
10 7.36
-0.63
-0.05
-40
YEAR
2021 2022 2023 2024 2025Q1 2025
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SOURCE：MOPS

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President Securities Corporation | Tel : (02)8172-4668 | Add: No.8, Dongxing Rd., Songshan Dist., Taipei City , Taiwan

Business Development

Brokerage Business

Market Position

The brokerage market share increased compared to the same period last year. We continued to promote services through both online and offline channels, and adopted a comprehensive interactive approach to strengthen customer engagement.

System Improvement

We continued to optimize brokerage and subbrokerage operations. New features were added to the e-Order App, aiming to enhance the convenience of the platform’s one-stop service.

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Proprietary Trading

Operating Status

The market experienced high volatility owing to factors such as Trump’s tariff policies, a downward revision in AI shipment forecasts, and a slowdown in Fed rate cuts. The department reduced its holdings and managing risk through hedging positions.

Operational Strategy

For 2025 Q2, reciprocal tariffs are expected to disrupt financial markets and supply chains, leading to a fundamental adjustment in the market. Since the tariff policies maintain uncertain, the department will adopt a cautious approach, maintaining a conservative strategy and hedging positions.

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President Securities Corporation | Tel : (02)8172-4668 | Add: No.8, Dongxing Rd., Songshan Dist., Taipei City , Taiwan

Business Development

Fixed Income Dealin g

Operating Strategy

Slower U.S. growth and reduced government spending increased recession concerns. Treasury yields rose then fell, and the department took the chance to realize gains.

Market Expectations

Markets eye Trump’s tariff policy and the rising of inflation risks. The department is reducing positions and staying flexible amid uncertainty.

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Underwriting Business

Underwriting Performance

Most underwriting submissions were concentrated in Q2, and the scheduling of deals led to a slight year-over-year decline in market share this quarter.

Business Development

The department continued to reach out to high-potential companies in order to expand IPO advisory and fundraising services and strengthen its market presence.

Wealth Management

Investment Trust

The department ranked 4th in the Specific Standalone Money Trust Business. Overseas equity income grew by 55% , and offshore structured products also delivered strong performance.

Marketing Campaign

Through various promotional activities, the department continues to introduce diverse asset products, enabling clients to seize investment opportunities amid market volatility.

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President Securities Corporation | Tel : (02)8172-4668 | Add: No.8, Dongxing Rd., Songshan Dist., Taipei City , Taiwan

Business Development

Quantitative Trading

Business Profile

The net asset value per share ranks 6th among futures proprietary traders. In response to heightened global uncertainty and market fluctuations, the department has expanded beyond algorithmic trading to include market-making, as well as cash-futures and ETF arbitrage strategies.

Operating Strategy

The department continues to incorporate varied risk trading strategies and broaden the range of domestic and international products, aiming to enhance returns while mitigating risk.

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Financial Product Business

Market Position

The department ranked 2nd in market share for equity options and 2nd in structured product issuance volume. It also placed 8th in warrant issuance (calls and puts).

Future Outlook

The department will pursue system optimization to support stable business growth, while continuing to develop a diverse range of products to offer clients greater flexibility in asset allocation.

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President Securities Corporation | Tel : (02)8172-4668 | Add: No.8, Dongxing Rd., Songshan Dist., Taipei City , Taiwan

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Sustainable Development
Environmental Social Sustainable
Sustainability Responsibility Business
E S G
2025 Anti-Fraud Survey and Forum
• Initiative by Business Today
• Promoting anti-fraud awareness and 2025 Wealth Magazine
ISO 50001 Energy sound investment principles Wealth Management Award
Management System 2025 First-Half Internship Program • Best Sustainability Promotion
Certification •
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• Best Sustainability Promotion Award

• Commitment to nurturing future talent in the financial industry

• Best Sales Team Award

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• Officially awarded the certificate in 2025

• Innovative Trust Service Award

​2025 Employee Sports Day

• Deepens employees’ sense of belonging

• • Reinforces a strong and inclusive corporate culture

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President Securities Corporation | Tel : (02)8172-4668 | Add: No.8, Dongxing Rd., Songshan Dist., Taipei City , Taiwan

Q&A

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