Mirae Asset Securities Co., Ltd. (KRX: 006800)

Mirae Asset Securities Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest and Dividend Income	5,907,909	4,566,220	2,438,136	1,640,085	1,806,826	3,435,193
Total Interest Expense	5,214,300	3,949,032	1,672,214	552,720	946,748	2,578,043
Net Interest Income	693,609	617,188	765,922	1,087,365	860,078	857,150
Brokerage Commission	983,482	926,363	976,811	1,322,957	1,145,805	767,592
Asset Management Fee	86,988	72,622	75,552	94,740	53,931	33,968
Underwriting & Investment Banking Fee	61,335	60,475	93,120	112,921	89,696	144,155
Gain on Sale of Investments (Rev)	2,418,535	2,985,763	1,664,134	2,228,665	2,902,890	1,893,635
Other Revenue	10,022,313	9,877,562	11,773,619	6,409,657	8,792,333	7,696,070
Revenue Before Loan Losses	14,266,262	14,539,973	15,349,158	11,256,306	13,844,732	11,392,571
Provision for Loan Losses	97,048	97,048	49,834	9,983	26,459	34,947
Revenue	14,169,214	14,442,925	15,299,324	11,246,323	13,818,273	11,357,624
Revenue Growth (YoY)	20.09%	-5.60%	36.04%	-18.61%	21.67%	9.47%
Salaries & Employee Benefits	818,475	705,033	692,155	903,789	812,638	738,705
Cost of Services Provided	790,851	738,833	728,510	664,595	581,314	547,401
Other Operating Expenses	9,035,651	9,002,306	9,612,926	5,517,587	7,859,649	6,352,503
Total Operating Expenses	10,729,724	10,534,164	11,143,522	7,195,778	9,365,653	7,758,772
Operating Income	3,439,490	3,908,761	4,155,802	4,050,545	4,452,620	3,598,852
Currency Exchange Gains	324,298	65,105	68,774	-73,965	89,198	28,370
Other Non-Operating Income (Expenses)	-1,119,371	-1,650,770	-489,591	-817,410	-1,649,139	-2,202,627
EBT Excluding Unusual Items	2,654,728	2,360,034	3,836,185	3,357,554	2,961,596	1,605,436
Asset Writedown	-124,139	-180,160	-93,740	-97,028	-45	-
Gain (Loss) on Sale of Investments	-1,816,721	-1,795,193	-2,893,109	-1,619,582	-1,828,743	-711,095
Pretax Income	713,499	379,042	849,245	1,642,183	1,140,218	893,722
Income Tax Expense	169,816	41,184	143,113	458,745	305,895	229,472
Earnings From Continuing Ops.	543,683	337,858	706,131	1,183,438	834,323	664,250
Minority Interest in Earnings	-8,738	-10,822	-20,206	-30,723	-12,489	-5,252
Net Income	534,944	327,036	685,925	1,152,716	821,834	658,998
Preferred Dividends & Other Adjustments	239,570	78,510	-	-	-	-
Net Income to Common	295,374	248,526	685,925	1,152,716	821,834	658,998
Net Income Growth	-5.71%	-52.32%	-40.49%	40.26%	24.71%	44.34%
Shares Outstanding (Basic)	592	605	608	628	667	690
Shares Outstanding (Diluted)	592	605	608	628	667	690
Shares Change (YoY)	-2.40%	-0.51%	-3.23%	-5.75%	-3.30%	-0.26%
EPS (Basic)	499.22	410.79	1127.97	1834.35	1232.61	955.74
EPS (Diluted)	499.22	410.79	1127.97	1834.35	1232.61	955.74
EPS Growth	-46.66%	-63.58%	-38.51%	48.82%	28.97%	44.71%
Free Cash Flow	-8,932,049	-4,101,525	2,573,874	-1,266,150	818,479	-3,457,955
Free Cash Flow Per Share	-15096.33	-6779.42	4232.61	-2014.87	1227.58	-5015.03
Dividend Per Share	150.000	150.000	200.000	300.000	200.000	260.000
Dividend Growth	-25.00%	-25.00%	-33.33%	50.00%	-23.08%	18.18%
Operating Margin	24.27%	27.06%	27.16%	36.02%	32.22%	31.69%
Profit Margin	2.08%	1.72%	4.48%	10.25%	5.95%	5.80%
Free Cash Flow Margin	-63.04%	-28.40%	16.82%	-11.26%	5.92%	-30.45%
Effective Tax Rate	23.80%	10.87%	16.85%	27.93%	26.83%	25.68%

Source: S&P Capital IQ. Capital Markets template. Financial Sources.