Samsung Card (029780) investor relations material

Executive summary

• Transaction volume rose 9.1% year-over-year in 1H26, with credit purchases up 9.6% and lending up 4.6%.

• Operates as a leading credit card and financial services provider with 13.81 million card members and 3.1 million merchants as of June 2026.

• Main business segments: credit card, installment/leasing, and other services, with credit card operations accounting for over 91% of revenue.

• Earning assets increased 12.7% year-over-year to ₩30.7 trillion, driven by growth in credit purchases and card loans.

• Maintains a robust capital structure, high liquidity, and strong credit ratings (AA+ for bonds, A1 for short-term instruments).

Financial highlights

• Operating revenues grew 6.0% year-over-year in 1H26, led by credit purchase and card loan segments.

• Net income for 1H26 declined 7.5% year-over-year to ₩310.5 billion, with operating income down 6.0%.

• 1H 2026 consolidated revenue: KRW 2,463.2 billion, down from KRW 4,382.9 billion in 1H 2025 due to accounting changes and lower financial/derivative gains.

• Total assets: KRW 34.93 trillion (June 2026), up from KRW 32.17 trillion (Dec 2025).

• Interest expense increased 17.8% year-over-year, impacting net income.

Outlook and guidance

• Expects continued growth in card transaction volume, supported by economic recovery, government stimulus, and digital innovation.

• Focus on risk management, cost efficiency, and digital transformation to sustain profitability amid rising interest rates and competition.

• Mid- to long-term shareholder return goal set at 50%, with recent payout ratios in the mid-40% range.

• Plans to expand data-driven services and new business lines, including corporate information services.