Kiwoom 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	2,402,686	2,099,313	1,893,029	1,873,031	1,307,053	882,850
Total Interest Expense	1,310,792	1,110,225	1,087,790	1,030,087	525,103	226,931
Net Interest Income	1,091,895	989,088	805,240	842,944	781,950	655,919
Brokerage Commission	1,837,385	1,244,349	929,400	854,133	865,767	1,105,676
Asset Management Fee	30,276	24,281	19,557	20,689	18,165	19,547
Underwriting & Investment Banking Fee	44,613	39,703	32,539	21,223	21,906	41,757
Gain on Sale of Investments (Rev)	13,691,626	3,115,592	1,318,738	1,551,302	604,107	1,010,928
Other Revenue	14,063,455	8,658,259	5,650,831	4,139,043	4,821,863	2,226,728
Revenue Before Loan Losses	30,759,250	14,071,272	8,756,305	7,429,333	7,113,757	5,060,555
Provision for Loan Losses	-16,787	273.25	5,709	526,948	5,973	273.75
Revenue	30,776,037	14,070,999	8,750,596	6,902,386	7,107,784	5,060,281
Revenue Growth	172.42%	60.80%	26.78%	-2.89%	40.46%	27.67%
Salaries & Employee Benefits	389,547	364,072	271,215	195,938	222,871	226,128
Cost of Services Provided	988,053	756,536	610,139	578,575	555,787	612,390
Other Operating Expenses	19,740,431	8,312,437	4,846,952	3,615,037	4,016,330	2,144,226
Total Operating Expenses	21,182,896	9,493,951	5,778,421	4,428,092	4,830,365	3,013,010
Operating Income	9,593,141	4,577,048	2,972,175	2,474,293	2,277,419	2,047,271
Currency Exchange Gains	-34,961	138,620	-88,895	686.26	146,010	112,406
Other Non-Operating Income (Expenses)	-793,039	-804,713	-361,524	-756,938	-157,066	-267,539
EBT Excluding Unusual Items	8,894,697	4,019,897	2,516,071	1,735,182	2,283,500	1,920,243
Asset Writedown	-29,412	-29,412	-	-	-	-
Gain (Loss) on Sale of Investments	-6,615,799	-2,449,704	-1,420,299	-1,151,388	-1,603,552	-685,803
Pretax Income	2,249,400	1,540,729	1,092,283	585,057	680,169	1,234,318
Income Tax Expense	522,192	425,755	257,399	144,320	171,998	324,146
Earnings From Continuing Ops.	1,727,208	1,114,974	834,883	440,737	508,170	910,173
Minority Interest in Earnings	-2,226	-1,388	164.08	-4,456	-844.21	-6,458
Net Income	1,724,982	1,113,586	835,047	436,281	507,326	903,715
Preferred Dividends & Other Adjustments	18,936	18,936	-	-	-	-
Net Income to Common	1,706,046	1,094,651	835,047	436,281	507,326	903,715
Net Income Growth	88.95%	31.09%	91.40%	-14.00%	-43.86%	28.48%
Shares Outstanding (Basic)	27	26	27	27	28	27
Shares Outstanding (Diluted)	28	28	30	29	31	30
Shares Change	-4.36%	-4.74%	2.40%	-6.56%	2.18%	10.01%
EPS (Basic)	63376.80	41344.27	31069.66	16226.60	18164.29	33429.68
EPS (Diluted)	63376.80	41344.27	28538.00	14889.00	16478.00	28546.00
EPS Growth	102.94%	44.87%	91.67%	-9.64%	-42.28%	4.51%

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	-12,041,613	-6,467,672	-4,993,476	-2,157,158	-2,021,312	-3,544,000
Free Cash Flow Per Share	-426948.96	-228643.59	-168159.42	-74390.00	-65132.87	-116686.86
Dividend Per Share	11500.000	11500.000	7500.000	3000.000	3000.000	-
Dividend Growth	53.33%	53.33%	150.00%	0%	0%	-
Operating Margin	31.17%	32.53%	33.97%	35.85%	32.04%	40.46%
Profit Margin	5.54%	7.78%	9.54%	6.32%	7.14%	17.86%
Free Cash Flow Margin	-39.13%	-45.97%	-57.06%	-31.25%	-28.44%	-70.04%
Effective Tax Rate	23.21%	27.63%	23.57%	24.67%	25.29%	26.26%