STIC Investments (026890) Q2 2025 earnings summary

Executive summary

• Achieved KRW 3,382mm net income attributable to common shareholders in 2Q 2025, reversing a loss from 2Q 2024.

• Fee Related Earnings (FRE) for the last twelve months (LTM) rose 60.7% YoY to KRW 17,067mm.

• Total Segment Earnings (TSE) LTM decreased 21.2% YoY to KRW 23,683mm, while Distributable Earnings (DE) LTM fell 23.4% YoY to KRW 19,413mm.

• Assets Under Management (AUM) increased 8.7% YoY to KRW 10,349,737mm; Fee Paying AUM (FPAUM) up 8.8% YoY.

• Dividend per share increased to KRW 250 for FY2023 and FY2024, with consistent dividend payments since FY2005.

Financial highlights

• 2Q 2025 revenues reached KRW 26,846mm, up from KRW 16,774mm in 2Q 2024.

• Operating profit for 2Q 2025 was KRW 4,678mm, compared to KRW 63mm in 2Q 2024.

• Net income per share for 2Q 2025 was KRW 94, compared to a loss of KRW 71 per share in 2Q 2024.

• 2Q 2025 TSE was KRW 8,730mm, up 133.8% YoY; DE for the quarter was KRW 5,854mm, up 51.4% YoY.

• LTM new capital raised surged 49.3% YoY to KRW 1,002,577mm.

Outlook and guidance

• Management expects continued focus on recurring management fees and incentives, with ongoing commitment to dividend payments and share buybacks to enhance shareholder value.

• Forward-looking statements highlight potential for further AUM growth, capital deployment, and realization of investment gains, but caution on market and economic uncertainties.