LS SECURITIES Income Statement

Financials in millions KRW. Fiscal year is January - December.

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Interest and Dividend Income	250,155	246,987	218,578	167,108	160,369	113,349
Total Interest Expense	188,467	210,275	163,613	71,243	27,598	33,038
Net Interest Income	61,688	36,712	54,965	95,865	132,770	80,311
Brokerage Commission	102,106	93,417	92,828	98,027	120,723	101,631
Asset Management Fee	6,850	3,898	7,629	8,241	14,250	10,817
Underwriting & Investment Banking Fee	6,314	6,423	8,160	15,019	34,271	23,788
Gain on Sale of Investments (Rev)	568,198	434,135	392,036	354,218	535,657	699,940
Other Revenue	796,839	840,632	587,961	668,538	647,945	1,026,196
Revenue Before Loan Losses	1,541,995	1,415,217	1,143,578	1,239,909	1,485,615	1,942,682
Provision for Loan Losses	382.1	-656.51	-513.82	900.67	-	-
Revenue	1,541,613	1,415,874	1,144,092	1,239,008	1,485,615	1,942,682
Revenue Growth (YoY)	15.48%	23.76%	-7.66%	-16.60%	-23.53%	85.59%
Salaries & Employee Benefits	78,887	73,921	70,268	100,786	160,578	131,715
Cost of Services Provided	94,116	88,701	87,114	88,461	93,289	74,111
Other Operating Expenses	859,392	704,514	550,548	595,521	604,047	1,077,278
Total Operating Expenses	1,049,993	883,648	722,801	797,938	869,679	1,290,711
Operating Income	491,619	532,226	421,291	441,070	615,936	651,971
Currency Exchange Gains	-9,371	-16,561	-8,155	22.85	834.49	5,369
Other Non-Operating Income (Expenses)	709.28	818.47	180.18	-1,084	-1,446	-52,957
EBT Excluding Unusual Items	488,880	514,979	418,217	438,812	609,713	615,296
Asset Writedown	-	-	-	-133.5	193.06	176.5
Gain (Loss) on Sale of Investments	-452,292	-493,856	-379,943	-398,032	-389,331	-449,582
Pretax Income	35,955	20,490	38,344	40,627	220,131	165,922
Income Tax Expense	8,987	3,870	9,683	10,917	59,302	39,892
Net Income	26,968	16,620	28,661	29,709	160,830	126,030
Preferred Dividends & Other Adjustments	-	-	-	9,023	7,229	4,420
Net Income to Common	26,968	16,620	28,661	20,686	153,601	121,610
Net Income Growth	-18.22%	-42.01%	-3.53%	-81.53%	27.61%	144.55%
Shares Outstanding (Basic)	61	63	68	50	50	50
Shares Outstanding (Diluted)	61	63	68	50	67	61
Shares Change (YoY)	-5.75%	-7.47%	34.35%	-24.74%	10.59%	33.05%
EPS (Basic)	440.96	265.25	423.24	410.38	3047.29	2412.62
EPS (Diluted)	440.16	265.00	423.00	410.00	2401.33	2081.08
EPS Growth	-13.35%	-37.35%	3.17%	-82.93%	15.39%	83.84%
Free Cash Flow	167,401	-752,000	-1,539,033	-47,482	-187,428	-68,072
Free Cash Flow Per Share	2737.25	-12001.85	-22726.96	-941.99	-2798.47	-1124.04
Dividend Per Share	100.000	100.000	150.000	100.000	600.000	550.000
Dividend Growth	-33.33%	-33.33%	50.00%	-83.33%	9.09%	59.42%
Operating Margin	31.89%	37.59%	36.82%	35.60%	41.46%	33.56%
Profit Margin	1.75%	1.17%	2.50%	1.67%	10.34%	6.26%
Free Cash Flow Margin	10.86%	-53.11%	-134.52%	-3.83%	-12.62%	-3.50%
Effective Tax Rate	25.00%	18.89%	25.25%	26.87%	26.94%	24.04%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Capital Markets template. Financial Sources.