Hyundai Motor Securities (001500) Q2 2026 earnings summary

Executive summary

• Achieved consolidated pre-tax income of KRW 77.3 billion and net income of KRW 59.3 billion for H1 2026, up 47.5% and 48.3% year-over-year, respectively.

• Net fee and commission income reached KRW 147.95 billion, and net interest income was KRW 68.14 billion for the half-year.

• Segment profit: Asset management posted operating profit of KRW 56.7 billion, while corporate finance recorded a loss of KRW 5.3 billion.

• Maintained strong capital adequacy with a net capital ratio of 579.43% as of June 2026.

Financial highlights

• Total assets at June 2026: KRW 13,150.5 billion; total liabilities: KRW 11,679.8 billion; total equity: KRW 1,470.7 billion.

• Net fee and commission income for H1 2026: KRW 147.95 billion (up from KRW 81.32 billion YoY).

• Net interest income for H1 2026: KRW 68.14 billion (up from KRW 56.79 billion YoY).

• Net gains (losses) on financial instruments at fair value through profit or loss: KRW -29.57 billion.

• Operating profit: KRW 51.43 billion; net profit: KRW 59.31 billion for H1 2026.

• Basic EPS for H1 2026: KRW 959.

Outlook and guidance

• Management targets continued growth in fee-based income and stable net interest margins.

• Dividend payout ratio guidance: 30–35% for 2025–2027, 40%+ from 2028 onward.