Kiwoom Securities (039490) Q1 2026 earnings summary

Executive summary

• Consolidated net income rose 102.6% year-over-year and 93.4% quarter-over-quarter to KRW 477 billion in Q1 2026.

• Net income surged 92.4% year-over-year and 72.8% quarter-over-quarter on a separate basis, reaching KRW 443 billion.

• Achieved consolidated operating income of KRW 621.2 billion, up 90.9% year-over-year.

• Maintained leading market share in domestic online brokerage, with a 16.4% overall and 25.7% retail share.

• Strong performance driven by robust brokerage, S&T/PI income, and higher interest income, with all business segments contributing.

Financial highlights

• Consolidated revenue for Q1 2026 was KRW 9.40 trillion, up from KRW 4.46 trillion in Q1 2025.

• Net revenue increased 61.0% year-over-year and 38.9% quarter-over-quarter to KRW 732 billion.

• Operating income jumped 81.0% year-over-year and 80.3% quarter-over-quarter to KRW 535 billion.

• S&T/PI income soared 157.2% quarter-over-quarter and 58.9% year-over-year to KRW 156 billion.

• Basic EPS for ordinary shares was KRW 18,072, more than double the prior year.

Outlook and guidance

• Mid-term corporate value-up plan to be announced in 1H26.

• Retirement pension service launch planned for June 2026 after registration as a provider.

• Targeting KRW 3 trillion in promissory note issuance by end-2026.

• Plans to maintain top market share in online brokerage and expand integrated financial investment platform services.

• Focus on digital innovation, risk management, and cost efficiency to support sustainable growth.