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PSC Investor Presentation 2026
52209_rns_2026-05-14_15bbd95f-e0a3-41ec-b29c-cb09e2084520.pdf
Investor Presentation
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PRESIDENT SECURITIES CORPORATION
Investor Conference
(Stock Code: 2855)
2026.05.14
http://www.pscnet.com.tw/
[email protected]
WWW.PSCNET.COM.TW | Tel: +886-2-8172-4668 | Email: [email protected]
Disclaimer
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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.
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The financial information provided in the document has not fully been reviewed by accountant.
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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.
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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
- Geopolitical Tensions in the Middle East Disrupt Global Growth; Inflation Pressures Re-emerge.
- The IMF now projects global GDP growth of 3.1% in 2026, a 0.2% downgrade from its prior forecast.
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Ongoing conflict in the Middle East is disrupting crude oil shipments through key maritime routes, pushing energy prices higher and intensifying global inflationary pressures.
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U.S. Economic Growth Re-accelerates, Though Gulf Tensions Cloud the Outlook.
- U.S. GDP grew 2.7% year-over-year in 1Q26, driven primarily by a sharp increase in AI-related business investment and higher government spending.
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April CPI rose 3.8% year-over-year. War-related oil supply disruptions have lifted input costs broadly, further complicating the Federal Reserve’s rate-cut trajectory.
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China Sees a Modest Recovery, While Domestic Demand Challenges Persist.
- China’s GDP expanded 5.0% year-over-year in 1Q26, supported by exports, state-led investment, and increased spending on equipment and infrastructure.
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CPI stood at 0.9%, while real estate development investment declined 11.2% year-over-year, indicating that domestic demand remains under pressure.
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AI-Driven Demand Surges, Powering Strong Momentum in Taiwan’s Economy.
- Exports surged 51.1% year-over-year in 1Q, led by unprecedented demand for electronics and ICT products, underscoring the robust expansion of the AI ecosystem.
- Taiwan’s GDP grew 13.69% year-over-year in 1Q26, the fastest pace in nearly four decades, with strong economic momentum expected to continue.
President Securities Corporation | Tel: (02)8172-4668 | Add: No.8, Dongxing Rd., Songshan Dist., Taipei City, Taiwan
Brief Introduction
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 | 2026 Q1 | % | 2025 Q1 | % | YOY |
|---|---|---|---|---|---|
| Current Assets | 256,324 | 96% | 200,378 | 95% | 28% |
| Non-Current Assets | 11,346 | 4% | 10,605 | 5% | 7% |
| Total Assets | 267,670 | 100% | 210,983 | 100% | 27% |
| Current Liabilities | 220,746 | 82% | 175,276 | 83% | 26% |
| Non-Current Liabilities | 5,044 | 2% | 231 | 0% | 2084% |
| Total Liabilities | 225,790 | 84% | 175,507 | 83% | 29% |
| Capital Common Stock | 16,014 | 6% | 14,558 | 7% | 10% |
| Other Equity | 25,866 | 10% | 20,918 | 10% | 24% |
| Total Equity | 41,880 | 16% | 35,476 | 17% | 18% |
Unit : Million NTD
President Securities Corporation | Tel : (02)8172-4668 | Add: No.8, Dongxing Rd., Songshan Dist., Taipei City, Taiwan
Consolidated Income Statement
| ITEM | 2026Q1 | % | 2025 Q1 | % | YoY |
|---|---|---|---|---|---|
| Revenues | 5,486 | 100% | 1,728 | 100% | 217% |
| Operating Expenses | 3,388 | 62% | 1,991 | 115% | 70% |
| Operating Income | 2,098 | 38% | -263 | -15% | 898% |
| Other Income and Costs | 417 | 8% | 313 | 18% | 33% |
| Income Before Tax | 2,515 | 46% | 50 | 3% | 4930% |
| Income Tax Expense | 218 | 4% | 113 | 7% | 93% |
| Net Income | 2,297 | 42% | -63 | -4% | 3746% |
| Other Comprehensive Income | 109 | 2% | 98 | 6% | 11% |
| Total Comprehensive Income | 2,406 | 44% | 35 | 2% | 6774% |
| EPS(NTD) | 1.43 | - | -0.04 | - | 3675% |
President Securities Corporation | Tel : (02)8172-4668 | Add: No.8, Dongxing Rd., Songshan Dist., Taipei City, Taiwan
Unit : Million NTD
5-Years Operating Performances
President Securities Corporation | Tel: (02)8172-4668 | Add: No.8, Dongxing Rd., Songshan Dist., Taipei City, Taiwan
Note: Earnings per share are calculated based on the retroactively adjusted number of shares.
Business Development
Brokerage Business
Market Position
Ledger account continued to grow, with brokerage market share improving year-over-year. In March, we established our first light-branch format, marking a strategic shift toward a more streamlined and mobile-enabled distribution network.
Business Outlook
During the quarter, we continued to enhance the UniOpen membership ecosystem with the launch of the “Invest Your Way – OPEN” campaign. In collaboration with the 7-Eleven Sakura Festival, we aim to deepen client engagement and strengthen our presence within the broader Uni-President ecosystem.
Link:
https://webportal.pscnet.com.tw/openpoint/
Proprietary Trading
Operating Status
Equity markets were initially supported by strong AI-driven demand, while subsequent Middle East tensions introduced volatility. By maintaining disciplined investment pacing and tight position control, we delivered solid performance in the first quarter.
Operational Strategy
Since April, risk indicators have broadly normalized, and geopolitical impacts have gradually eased. Market focus has shifted back to AI-driven themes, and we will continue to capitalize on AI-related opportunities with prudent positioning.
President Securities Corporation | Tel: (02)8172-4668 | Add: No.8, Dongxing Rd., Songshan Dist., Taipei City, Taiwan
8
Business Development
Fixed Income Dealing
Operating Strategy
The U.S.-Iran conflict has heightened inflation expectations, driving a sharp rise in Treasury yields and creating a more challenging environment for bond investments. In response, we have adopted a more conservative allocation strategy.
Market Expectations
Against a backdrop of inflation uncertainty, evolving monetary policy, and geopolitical risks, we are prioritizing position risk management and maintaining a cautious stance while awaiting clearer market direction.
Underwriting Business
Underwriting Performance
Due to deal pipeline timing, with filings concentrated in the second quarter, underwriting market share declined slightly year-over-year. Overall business execution remains in line with internal plans.
Development Strategy
Looking ahead, the underwriting team will proactively engage with high-potential companies to further expand our market pipeline.
Wealth Management
Investment Trust
Compared to the same period last year, AUM in trust business increased, with offshore structured product revenue up 85% and overseas equity revenue up 166%.
Marketing Campaign
In addition to developing products aligned with market demand, we will continue to enhance platform capabilities, including sub-brokerage services, and promote diversified equity and fixed income investment solutions.
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 sixth among futures proprietary traders. Amid heightened global volatility, we have continued to enhance algorithmic trading and quantitative arbitrage capabilities.
Operating Strategy
We will further develop multi-strategy frameworks across different risk profiles, aiming to improve returns while maintaining robust risk control.
Financial Product Business
Market Share
The Equity Options Business maintains its position as the 2nd market share holder, while the volume of Structured Notes secures a market share ranking of 3rd. Additionally, the net buy/sell amount of Premiums for warrants attains a market share ranking of 2nd.
Marketing Campaign
As demand for options products continues to grow, we will expand our product suite and upgrade system infrastructure, to deliver a more comprehensive wealth management experience.
President Securities Corporation | Tel: (02)8172-4668 | Add: No.8, Dongxing Rd., Songshan Dist., Taipei City, Taiwan
ESG Performance
Low-carbon transition initiatives
ISO 14064-1 (GHG Inventory)/ISO 14001 (Environmental Management)/ISO 50001 (Energy Management)
Green Metrics
2025 Green Procurement: ~NT$95 million
2025 Green Energy Usage: ~74,000 kWh
Social Responsibility
1111 Job Bank – Happy Enterprise Gold Award
"FUN Learning Experience Camp" (Social Welfare Foundation)
"Step Up for Love – Walk Together" Campaign
Sustainable Business
2026 Wealth Management Awards
Best Sustainability Promotion Award/Best Business Team Award/ Best Creative Marketing Award/Best Wealth Value Creation Award (Securities Industry)
Governance
Risk Management, Sustainability & Strategy Committees
President Securities Corporation | Tel : (02)8172-4668 | Add: No.8, Dongxing Rd., Songshan Dist., Taipei City, Taiwan
WWW.PSCNET.COM.TW | Tel :+886-2-8172-4668 | Email : [email protected]
Q&A
PRESIDENT SECURITIES CORPORATION