Kiwoom Securities (039490) Q1 2026 earnings summary

Executive summary

• Net income surged 92.4% year-over-year and 72.8% quarter-over-quarter on a separate basis, reaching KRW 443 billion in 1Q26.

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

• Strong performance driven by robust brokerage, S&T/PI income, and higher interest income.

Financial highlights

• 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.

• Annualized ROE reached 28.6% (separate) and 27.9% (consolidated), up over 10 percentage points year-over-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.