Kiwoom Securities (039490) Q2 2026 earnings summary

Executive summary

• Achieved record consolidated operating income of KRW 1.41 trillion and net income of KRW 1.16 trillion for H1 2026, up 92.2% and 112.2% year-over-year, respectively.

• Maintained #1 market share in domestic online brokerage since 2005, with 15.7% overall and 25.3% retail market share in H1 2026.

• Total customer deposits reached KRW 21.8 trillion, with strong growth in both KRW and foreign currency balances.

• All business segments—retail, S&T, IB, and investment—delivered robust performance, supported by favorable market conditions.

Financial highlights

• Consolidated revenue for H1 2026 was KRW 25.47 trillion, up from KRW 17.12 trillion in FY2025.

• Consolidated operating income: KRW 1.41 trillion (H1 2026), up 92.2% YoY.

• Consolidated net income: KRW 1.16 trillion (H1 2026), up 112.2% YoY.

• Separate (parent) net income: KRW 1.12 trillion, up 97.7% YoY.

• Basic EPS (consolidated): KRW 44,130 for H1 2026.

• Total assets: KRW 108.3 trillion as of June 30, 2026.

• Net interest income (H1 2026): KRW 1.14 trillion.

Outlook and guidance

• Continues to target leadership in online brokerage and integrated financial investment platform growth.

• Focus on expanding asset management, digital transformation, and risk management.

• Dividend policy aims for payout ratio of at least 30% of separate net income, with consistent shareholder return and cash dividends.