DB Securities Income Statement

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

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Interest and Dividend Income	461,137	434,683	402,475	306,610	243,889
Total Interest Expense	239,966	248,362	254,143	147,812	101,917
Net Interest Income	221,171	186,321	148,332	158,798	141,972
Brokerage Commission	188,673	166,954	162,637	167,677	244,056
Asset Management Fee	18,839	12,578	5,491	7,737	10,306
Underwriting & Investment Banking Fee	47,626	40,301	31,868	23,720	34,596
Gain on Sale of Investments (Rev)	444,808	273,976	288,780	205,921	301,070
Other Revenue	724,174	354,279	291,653	488,606	548,462
Revenue Before Loan Losses	1,645,292	1,034,409	928,760	1,052,459	1,280,461
Provision for Loan Losses	13,221	73,556	90,804	13,831	5,520
Revenue	1,632,071	960,852	837,956	1,038,628	1,274,942
Revenue Growth (YoY)	69.86%	14.67%	-19.32%	-18.54%	-11.21%
Salaries & Employee Benefits	192,409	167,316	143,786	132,530	169,122
Cost of Services Provided	137,425	114,809	101,409	105,093	109,595
Other Operating Expenses	709,799	296,696	257,867	347,084	469,390
Total Operating Expenses	1,057,101	595,526	518,734	597,798	759,072
Operating Income	574,970	365,326	319,222	440,831	515,869
Currency Exchange Gains	3,274	4,274	2,218	6,392	7,165
Other Non-Operating Income (Expenses)	-44,935	-71,896	-118,209	-47,101	-35,819
EBT Excluding Unusual Items	533,237	298,145	203,582	399,354	487,244
Asset Writedown	142.85	-1.75	9.01	243.75	383.5
Gain (Loss) on Sale of Investments	-418,133	-232,032	-187,850	-380,955	-317,345
Pretax Income	116,902	66,112	15,741	18,622	171,157
Income Tax Expense	21,444	13,174	3,214	7,852	44,339
Earnings From Continuing Ops.	95,459	52,938	12,526	10,770	126,818
Minority Interest in Earnings	-14,047	-2,832	-6,356	-10,848	-9,534
Net Income	81,411	50,105	6,170	-77.38	117,284
Net Income to Common	81,411	50,105	6,170	-77.38	117,284
Net Income Growth	62.48%	712.02%	-	-	21.65%
Shares Outstanding (Basic)	40	41	41	41	41
Shares Outstanding (Diluted)	40	41	41	41	41
Shares Change (YoY)	-1.26%	-0.35%	-0.47%	-1.11%	-
EPS (Basic)	2029.00	1233.00	151.32	-1.89	2830.98
EPS (Diluted)	2029.00	1233.00	151.32	-1.89	2830.98
EPS Growth	64.56%	714.86%	-	-	21.65%
Free Cash Flow	-1,031,236	-190,123	-8,814	-120,258	-204,085
Free Cash Flow Per Share	-25701.33	-4678.58	-216.14	-2935.27	-4926.14
Dividend Per Share	-	-	200.000	-	500.000
Dividend Growth	-	-	-	-	66.67%
Operating Margin	35.23%	38.02%	38.09%	42.44%	40.46%
Profit Margin	4.99%	5.21%	0.74%	-0.01%	9.20%
Free Cash Flow Margin	-63.19%	-19.79%	-1.05%	-11.58%	-16.01%
Effective Tax Rate	18.34%	19.93%	20.42%	42.16%	25.91%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Capital Markets template. Financial Sources.