Korea Investment Holdings (071050) Q2 2025 earnings summary

Executive summary

• Net income for 1H 2025 reached KRW 999.6B, a 60.2% increase year-over-year, driven by strong performance in securities and asset management subsidiaries.

• Operating income rose 63.8% YoY to KRW 1,115.2B, and pretax income increased 57.7% YoY to KRW 1,348.5B.

• The report covers the semi-annual period ending June 30, 2025, for a major financial holding group with extensive domestic and international subsidiaries.

• The group operates across securities, asset management, savings bank, venture/PEF, credit finance, and real estate trust sectors.

• The group maintains a strong AA-/A1 credit rating and robust capital adequacy ratios.

Financial highlights

• Group total assets grew 6.1% year-to-date to KRW 115.9T, and group total AUM rose 15.6% YTD to KRW 430.2T.

• Net operating revenue for 2Q25 was KRW 1,145.0B, up 54.4% YoY and 17.4% QoQ.

• Consolidated net income for H1 2025 was KRW 999.6 billion, with operating income at KRW 1.12 trillion.

• The group paid out KRW 232.8 billion in cash dividends, with a payout ratio of 22.4%.

• Earnings per share (EPS) for the period was KRW 17,080.

Outlook and guidance

• Continued growth expected in securities, asset management, and investment banking, supported by robust domestic equity markets and increased trading volumes.

• The group expects continued growth in asset management and securities, with a focus on digital transformation and risk management.

• Economic forecasts indicate moderate GDP growth and improved domestic consumption, but global trade uncertainties persist.