DB Securities Income Statement

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

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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	494,618	461,137	434,683	402,475	306,610	243,889
Total Interest Expense	258,528	239,966	248,362	254,143	147,812	101,917
Net Interest Income	236,090	221,171	186,321	148,332	158,798	141,972
Brokerage Commission	248,102	188,673	166,954	162,637	167,677	244,056
Asset Management Fee	26,269	18,839	12,578	5,491	7,737	10,306
Underwriting & Investment Banking Fee	35,510	47,626	40,301	31,868	23,720	34,596
Gain on Sale of Investments (Rev)	904,768	444,808	273,976	288,780	205,921	301,070
Other Revenue	1,566,360	724,174	354,279	291,653	488,606	548,462
Revenue Before Loan Losses	3,017,099	1,645,292	1,034,409	928,760	1,052,459	1,280,461
Provision for Loan Losses	37,104	13,221	73,556	90,804	13,831	5,520
Revenue	2,979,995	1,632,071	960,852	837,956	1,038,628	1,274,942
Revenue Growth	138.18%	69.86%	14.67%	-19.32%	-18.54%	-11.21%
Salaries & Employee Benefits	206,794	192,409	167,316	143,786	132,530	169,122
Cost of Services Provided	144,416	137,425	114,809	101,409	105,093	109,595
Other Operating Expenses	1,638,164	709,799	296,696	257,867	347,084	469,390
Total Operating Expenses	2,006,382	1,057,101	595,526	518,734	597,798	759,072
Operating Income	973,613	574,970	365,326	319,222	440,831	515,869
Currency Exchange Gains	6,413	3,274	4,274	2,218	6,392	7,165
Other Non-Operating Income (Expenses)	5,253	-44,935	-71,896	-118,209	-47,101	-35,819
EBT Excluding Unusual Items	987,339	533,237	298,145	203,582	399,354	487,244
Asset Writedown	-1.5	142.85	-1.75	9.01	243.75	383.5
Gain (Loss) on Sale of Investments	-840,066	-418,133	-232,032	-187,850	-380,955	-317,345
Pretax Income	147,280	116,902	66,112	15,741	18,622	171,157
Income Tax Expense	28,345	21,444	13,174	3,214	7,852	44,339
Earnings From Continuing Ops.	118,934	95,459	52,938	12,526	10,770	126,818
Minority Interest in Earnings	-11,762	-14,047	-2,832	-6,356	-10,848	-9,534
Net Income	107,172	81,411	50,105	6,170	-77.38	117,284
Net Income to Common	107,172	81,411	50,105	6,170	-77.38	117,284
Net Income Growth	99.79%	62.48%	712.02%	-	-	21.65%
Shares Outstanding (Basic)	40	40	41	41	41	41
Shares Outstanding (Diluted)	40	40	41	41	41	41
Shares Change	-0.35%	-1.28%	-0.35%	-0.47%	-1.11%	-
EPS (Basic)	2667.24	2029.37	1233.00	151.32	-1.89	2830.98
EPS (Diluted)	2667.24	2029.37	1233.00	151.32	-1.89	2830.98
EPS Growth	100.50%	64.59%	714.86%	-	-	21.65%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Free Cash Flow	-918,324	-1,031,236	-190,123	-8,814	-120,258	-204,085
Free Cash Flow Per Share	-22854.69	-25705.96	-4678.58	-216.14	-2935.27	-4926.14
Dividend Per Share	-	-	-	200.000	-	500.000
Dividend Growth	-	-	-	-	-	66.67%
Operating Margin	32.67%	35.23%	38.02%	38.09%	42.44%	40.46%
Profit Margin	3.60%	4.99%	5.21%	0.74%	-0.01%	9.20%
Free Cash Flow Margin	-30.82%	-63.19%	-19.79%	-1.05%	-11.58%	-16.01%
Effective Tax Rate	19.25%	18.34%	19.93%	20.42%	42.16%	25.91%