Hyundai Motor Securities (001500) Q4 2025 earnings summary

Executive summary

• Net income for FY2025 was KRW 57.7 billion, up 59.7% year-over-year, with operating income at KRW 72.3 billion, a 32.1% increase from the prior year.

• Total assets reached KRW 12.4 trillion, up 3.4% from the previous year, and total equity increased by 10.8% to KRW 1.44 trillion.

• A capital increase of KRW 162 billion was completed, strengthening financial stability and supporting digital transformation initiatives.

• The company maintained an AA- credit rating and a net capital ratio of 583.8%, reflecting robust capital adequacy.

Financial highlights

• Net fee and commission income rose to KRW 189.8 billion, up 33.4% year-over-year, driven by higher brokerage and advisory fees.

• Net interest income was KRW 112.8 billion, slightly down from the previous year.

• Gains from financial instruments at fair value through profit or loss were negative at KRW -10.4 billion, reflecting market volatility.

• Selling, general, and administrative expenses increased to KRW 236.8 billion.

• Cash and cash equivalents at year-end were KRW 664.2 billion.

Outlook and guidance

• The company targets a dividend payout ratio of 30–35% through 2027 and 40% or higher from 2028, with a focus on sustainable growth and capital adequacy.

• Ongoing investments in digital infrastructure and AI-driven services are expected to enhance operational efficiency and client offerings.