Samsung Securities (016360) Q1 2026 earnings summary

Executive summary

• Net revenues reached KRW 906.5bn, up 53.9% year-over-year and 37.8% quarter-over-quarter on a consolidated basis.

• Net income surged to KRW 450.9bn, an increase of 81.5% year-over-year and 109.7% quarter-over-quarter.

• Annualized ROE improved to 22.2%, up 8.6 percentage points year-over-year.

• Total assets reached KRW 93.1tn, up 38.0% year-over-year; equity increased 12.4% to KRW 8.2tn.

• Significant net new inflow of KRW 19.7tn and retail client assets grew to KRW 495.6tn.

Financial highlights

• Brokerage commissions rose 135.2% year-over-year to KRW 377.2bn; domestic brokerage up 241.8%.

• Financial product sales increased 157.7% year-over-year to KRW 84.6bn; fund product sales up 72.9%.

• Trading and interest income grew 6.6% year-over-year to KRW 379.1bn.

• Operating income jumped 82.1% year-over-year to KRW 609.5bn.

• Earnings per share: KRW 5,049, up from KRW 2,782 year-over-year.

Outlook and guidance

• Dividend payout ratio targeted to gradually increase, with more aggressive expansion after reaching KRW 8tn in equity.

• The company targets continued stable dividend growth, with a mid- to long-term plan to increase payout ratio, balancing capital needs for growth.

• Policy subject to change based on economic conditions, regulatory developments, and management circumstances.