Kyobo 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	518,284	518,023	418,356	295,095	223,889
Total Interest Expense	208,180	223,848	185,845	92,420	33,849
Net Interest Income	310,104	294,175	232,510	202,674	190,040
Brokerage Commission	222,091	179,886	170,019	198,532	296,484
Asset Management Fee	3,131	3,448	4,558	8,886	14,357
Underwriting & Investment Banking Fee	25,664	24,672	24,207	19,639	21,976
Gain on Sale of Investments (Rev)	746,221	307,954	359,032	78,413	93,394
Other Revenue	2,729,828	1,873,216	2,618,260	3,219,247	1,438,911
Revenue Before Loan Losses	4,037,039	2,683,352	3,408,587	3,727,392	2,055,162
Provision for Loan Losses	29,818	76,440	95,695	10,875	1,409
Revenue	4,007,221	2,606,911	3,312,892	3,716,517	2,053,753
Revenue Growth (YoY)	53.72%	-21.31%	-10.86%	80.96%	30.34%
Salaries & Employee Benefits	178,879	175,257	151,033	162,102	189,624
Cost of Services Provided	110,902	101,788	103,738	113,236	154,557
Other Operating Expenses	2,456,737	1,588,595	2,406,066	2,593,080	1,128,138
Total Operating Expenses	2,758,602	1,877,478	2,671,150	2,877,175	1,480,472
Operating Income	1,248,620	729,433	641,742	839,342	573,281
Currency Exchange Gains	14,991	-90,666	3,609	-11,592	-15,044
Other Non-Operating Income (Expenses)	-633,320	-293,973	-448,186	-153,407	-115,022
EBT Excluding Unusual Items	625,670	371,821	198,686	673,428	442,261
Asset Writedown	-116.51	-	-	-	-
Gain (Loss) on Sale of Investments	-434,191	-218,710	-112,309	-611,969	-245,740
Pretax Income	191,377	153,817	85,775	61,462	196,491
Income Tax Expense	48,466	36,138	18,217	18,173	53,148
Net Income	142,911	117,678	67,558	43,289	143,343
Net Income to Common	142,911	117,678	67,558	43,289	143,343
Net Income Growth	21.44%	74.19%	56.06%	-69.80%	37.90%
Shares Outstanding (Basic)	113	113	80	64	64
Shares Outstanding (Diluted)	113	113	80	64	64
Shares Change (YoY)	0.05%	40.72%	26.14%	-	27.88%
EPS (Basic)	1266.00	1043.00	842.62	681.08	2255.24
EPS (Diluted)	1266.00	1043.00	842.62	681.08	2255.24
EPS Growth	21.38%	23.78%	23.72%	-69.80%	7.83%
Free Cash Flow	-908,385	701,699	-1,500,120	-941,928	-1,037,839
Free Cash Flow Per Share	-8047.09	6219.26	-18710.25	-14819.58	-16328.57
Operating Margin	31.16%	27.98%	19.37%	22.58%	27.91%
Profit Margin	3.57%	4.51%	2.04%	1.17%	6.98%
Free Cash Flow Margin	-22.67%	26.92%	-45.28%	-25.34%	-50.53%
Effective Tax Rate	25.32%	23.49%	21.24%	29.57%	27.05%

Source: S&P Global Market Intelligence. Capital Markets template. Financial Sources.