South Korea · Delayed Price · Currency is KRW Mirae Asset Securities Earnings Call Transcripts
Fiscal Year 2026
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Record 2025 results with net income up 72% YoY and strong growth across all segments, especially brokerage, WM, and overseas subsidiaries. Strategic focus for 2026 includes expanding innovative investments, digital asset platforms, and customer protection.
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Q2 saw profit before tax rise 50% QoQ and net income up 57%, with strong gains in WM, trading, and global business. Overseas subsidiaries contributed 26% of H1 pre-tax income, and digital/AI initiatives are expanding. Shareholder returns and capital management remain a focus.
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Q1 2025 saw a 53% QoQ net income increase, driven by record brokerage, WM, and overseas subsidiary performance. Losses in overseas real estate were offset by gains in innovative company investments, while shareholder value initiatives and global expansion remain key priorities.
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Q3 2025 saw record-high brokerage and WM revenues, with consolidated net income of KRW 343.8 billion and annualized ROE at 10.8%. Overseas subsidiaries delivered stable profits despite real estate valuation losses, and digital innovation and treasury share buybacks advanced.
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Net income surged 168% year-over-year to KRW 893.7 billion, with strong growth in overseas brokerage and pension assets. The company targets 10% ROE for 2025, continues to expand globally, and expects limited further losses from overseas real estate.
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Q1 2026 saw record pre-tax and net income, driven by strong WM, brokerage, and PI gains, with total client assets and overseas subsidiary ROE at all-time highs. The firm is expanding its global digital platform, targeting further growth via a Hong Kong MTS launch and U.S. market entry.
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Record Q2 results driven by SpaceX gains and robust core business growth, with consolidated pre-tax income up 86% QoQ and net income up 90% QoQ. Wealth management and global expansion remain key growth drivers, while hedging strategies address SpaceX-related volatility.