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Meritz Financial (138040) investor relations material
Meritz Financial Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Consolidated net income for 1Q26 was KRW680.2bn, up 9.6% year-over-year, driven by robust investment performance and increased commission income, offsetting a decline in insurance profit due to higher medical claims.
Total assets reached KRW144.4tn, a 6.6% increase year-to-date, with shareholder equity at KRW11.8tn, up 4.8% from 2025.
ROE improved to 25.4% (+0.8%p YoY), while ROA slightly decreased to 1.9% (-0.2%p YoY).
Financial highlights
Net income rose 9.6% YoY to KRW680.2bn; EPS increased 17.1% YoY to KRW3,926.
BPS climbed 18.0% YoY to KRW64,348.
Operating profit surged 152.2% QoQ and 18.4% YoY to KRW855bn.
Total liabilities increased 6.8% YTD to KRW132.6tn.
Outlook and guidance
Shareholder return policy will continue to focus on share buybacks and cancellations, with a target to return 50% of consolidated net income over three years starting FY2026.
Forward PER as of March 2026 is 6.9x, with a share buyback yield of 14.6%, exceeding the 10% required rate of return.
- 3Q 2025 net income rose 2.2% year-over-year, with strong ROE and aggressive share buybacks.138040
Q3 20253 Mar 2026 - 2025 net income hit KRW 2.3501 trillion, with high ROE and strong buybacks boosting returns.138040
Q4 20253 Mar 2026 - Record net profit and high ROE, driven by investment gains and strong shareholder returns.138040
Q2 20253 Mar 2026 - Net profit rose 5% YoY to KRW 621bn, with ROE at 24.6% and strong shareholder returns.138040
Q1 20253 Mar 2026 - Achieved record 2Q24 net profit and industry-leading shareholder returns.138040
Q2 20243 Mar 2026 - 3Q24 net profit up 13% YoY, with strong buybacks and 133% TSR since 2023.138040
Q3 20243 Mar 2026 - Net profit up 9.8% YoY to KRW2.33tn, with 78.3% TSR and strong shareholder returns in 2024.138040
Q4 20243 Mar 2026
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