STIC Investments (026890) Q1 2025 earnings summary

Executive summary

• 1Q 2025 saw a significant YoY increase in Fee Related Earnings (FRE), but Total Segment Earnings (TSE) and Distributable Earnings (DE) declined sharply YoY.

• Assets Under Management (AUM) and Fee Paying AUM (FPAUM) both grew YoY, with notable capital raised and invested.

• Dividend payments and share buybacks continued, reflecting a focus on shareholder returns.

Financial highlights

• 1Q'25 LTM FRE rose 27.5% YoY to KRW 15,565mm; 1Q'25 FRE was KRW 5,209mm.

• 1Q'25 LTM TSE dropped 41.7% YoY to KRW 18,687mm; 1Q'25 TSE was KRW 5,661mm.

• 1Q'25 LTM DE fell 32.7% YoY to KRW 17,421mm; 1Q'25 DE was KRW 5,532mm.

• GAAP net loss attributable to shareholders was KRW (4,436mm) in 1Q'25, compared to a profit of KRW 8,466mm in 1Q'24.

Outlook and guidance

• Management continues to prioritize consistent dividend payments and share buybacks, with future actions dependent on cash flow, market, and management environment.

• Forward-looking statements caution that actual results may differ due to market and economic uncertainties.