Samsung Securities (016360) Q4 2025 earnings summary

Executive summary

• Consolidated net income for FY2025 reached KRW 1,008.4bn, up 12.2% year-over-year, with annualized ROE at 13.1% (+0.2%p YoY).

• Net revenues grew to KRW 2,521.7bn, a 38.1% increase year-over-year.

• Brokerage commissions surged 32.0% YoY, with overseas commissions up 41.2% and domestic up 26.7%.

• Retail client assets expanded to KRW 431.9tn (+42.8% YoY), with net new inflows of KRW 24.4tn.

Financial highlights

• Pretax income rose to KRW 1,358.6bn (+12.3% YoY); net income at KRW 1,008.4bn (+12.2% YoY).

• Brokerage commission income reached KRW 746.3bn (+32.0% YoY); overseas trading value hit KRW 160.2tn (+84.3% YoY).

• Financial product sales totaled KRW 162.6bn (+1.2% YoY); fund product sales up 34.1% QoQ.

• Trading & interest income was KRW 1,140.4bn (+8.2% YoY); margin loan balance at KRW 4.1tn (+1.9% YoY).

• Investment banking revenue declined 3.0% YoY to KRW 3,054bn.

Outlook and guidance

• Strategy for 2026 focuses on strengthening retail leadership, expanding client assets, enhancing IB competitiveness, and accelerating digitization for sustainable growth.

• Plans to upgrade pension platforms and expand global partnerships for growth.