Operator

Hello. Welcome to the ASUS Quarter 1 2026 Online Investor Conference. Today's meeting will be hosted by ASUS Co-CEOs, Mr. S.Y. Hsu, Mr. Samson Hu, and CFO, Mr. Nick Wu. The meeting will be divided into 2 parts. First, the CFO will present ASUS financial results for the first quarter of 2026, followed by the Co-CEO's presentations on operational strategies and future outlook. The second part will be a QA session. If you have any questions, please submit them via the web page, and we will address them after the presentation. Thank you.

We will now begin with the presentation from the CFO.

Nick Wu
Chief Financial Officer

Hello, everyone. Please refer to Page 5 of the online slide deck. This page provides a summary of the consolidated income statement for ASUS in the first quarter of 2026.

In quarter 1, consolidated brand revenue reached TWD 194 billion. That represents a 2% quarter-over-quarter increase and 44% year-over-year increase. This figure marks a new record high for our single quarter brand revenue. Operating profit for the first quarter was TWD 10.5 billion, a 30% increase Y-o-Y. Net profit after tax was approximately TWD 9.8 billion, down 14% Q-o-Q. Consequently, the EPS for the quarter was approximately TWD 13.2.

Because we had a onetime adjustment for bad debt related to accounts receivable in the first quarter of last year, if we look at this from a continuous operations perspective for a normalized comparison, our operating profit growth rate compared to the same period last year actually reached 72%. We consider this an outstanding result.

Turning