KGI Financial Holding Co (2883) Q4 2025 earnings summary

Executive summary

• Revenue/net income for 2025 reached TWD 30.1 billion, with EPS of 1.74 and record-high profit after adjusting for FX reserves and one-off effects; net worth rose by TWD 20.2 billion.

• All major subsidiaries—Life, Bank, Securities, CDIB Capital, and SITE—delivered strong operational and financial results, with notable expansion in AUM and client base.

• Strategic focus on digital transformation, product innovation, ESG leadership, and cross-segment collaboration under the One KGI platform.

• Consolidated financial statements for 2025 and 2024 were audited with an unqualified opinion, confirming compliance with IFRS and local regulations.

• The group underwent a name change in 2024 and continued to operate through its main subsidiaries in banking, securities, insurance, and asset management.

Financial highlights

• Total assets rose to TWD 4,120 billion (+4% YoY); equity attributable to parent company increased 7% to TWD 327 billion.

• Net profit for 2025 was TWD 30.06 billion, a 10% decrease YoY; EPS at TWD 1.74.

• KGI Life net income was TWD 15.8 billion (over TWD 20 billion with FX reserve appreciation); VNB margin at 23.3%.

• KGI Bank net income hit TWD 6.8 billion (+22% YoY), NIM at 1.37%, record-high wealth management revenue (+24% YoY).

• KGI Securities net income was TWD 11.5 billion (+14% YoY), ROE 17.3%.

Outlook and guidance

• Strategic priorities for 2026 include digitalization, product innovation, expanding cross-segment synergies, and sustainable finance.

• Wealth management aims for over 20% growth; NIM expected at 1.37%-1.4%; credit cost guidance for the bank is 10-15 basis points.

• Life recurring yield guidance is 3.6%-3.7%; hedging cost 1%-1.5%; ROE target above 10%.

• Amendments to IFRS 9 and IFRS 7 will be effective from 2026, impacting classification and measurement of financial instruments.