Mirae Asset Securities (006800) Q2 2026 earnings summary

Executive summary

• Achieved record consolidated pre-tax income of KRW 2.53 trillion and net income of KRW 1.91 trillion in Q2 2026, up 86% and 90% quarter-on-quarter, with annualized ROE reaching 39.5%.

• Year-to-date pre-tax income reached KRW 3.89 trillion and net income KRW 2.91 trillion, up 349% and 338% year-over-year.

• SpaceX-related valuation gains contributed KRW 1.62 trillion to Q2 pre-tax income; excluding these, underlying pre-tax income was KRW 904.4 billion.

• Strategic focus on sustainable earnings, innovation, and global expansion, including the acquisition of Sharekhan Limited in India.

• The company operates globally with 151 consolidated subsidiaries, focusing on investment banking, wealth management, trading, and principal investment.

Financial highlights

• Consolidated operating revenue for H1 2026 was KRW 36,060,098 million, up from KRW 29,283,028 million in H1 2025.

• Operating income reached KRW 3,864,913 million, a significant increase from KRW 1,915,104 million year-over-year.

• Brokerage fee income rose 36% QoQ to KRW 625.6 billion; trading and other financial income surged 107% QoQ to KRW 836.9 billion.

• Overseas subsidiaries posted record pre-tax income of KRW 609.1 billion in Q2, up 150% QoQ.

• Net income attributable to owners of the parent was KRW 2,892,186 million, up from KRW 1,569,530 million in the prior year.

Outlook and guidance

• Plans to expand global wealth management and investment platforms, integrating traditional and digital assets.

• Preparing for institutionalization of STO platform in 2027 and further digital finance ecosystem expansion.

• Management emphasizes ongoing shareholder returns, with a policy to return at least 35% of adjusted net income via dividends and share buybacks through 2026.

• Will maintain a stability-focused portfolio while flexibly capturing revenue opportunities in H2 2026.