NH Investment & Securities Reports Q1 Net Income of 475.7 Billion Won... "Record High"

Earnings Soar on the Back of a Booming Stock Market

NH Investment & Securities achieved its highest-ever quarterly results in the first quarter, propelled by a booming domestic stock market.

On April 23, NH Investment & Securities announced via regulatory filing that its revenue for the first quarter reached 8.8976 trillion won, marking an 88.8% increase compared to the same period last year.

Operating profit came to 636.7 billion won, while net income was 475.7 billion won, both representing all-time record quarterly figures.

The first-quarter net income accounted for 46% of last year’s annual net profit of 1.0315 trillion won, meaning the company earned nearly half of its previous year's net profit in just one quarter.

Brokerage commission income in the first quarter was 349.5 billion won, and domestic stock commission revenue stood at 309.7 billion won. The market share (M/S) rose by 0.5 percentage points from the previous quarter to 10.7%.

Fee income from financial product sales was 49.1 billion won, and investment banking (IB) fee income stood at 97.2 billion won. Gains from investment operations and related interest income totaled 424.2 billion won.

The number of high-net-worth (HNW) clients also increased, with 358,000 clients holding at least 100 million won and 24,000 clients holding at least 1 billion won, up 15.2% and 13.6%, respectively, compared to the previous quarter.

Byungwoon Yoon, CEO of NH Investment & Securities, stated, “These record quarterly results were achieved thanks to balanced growth across all business divisions. This is the result of our revenue diversification and customer base strengthening strategies pursued since I took office. Moving forward, we will further develop the integrated investment account (IMA) as a new key growth driver and strive to ensure that the capital market contributes to the growth of the real economy through productive finance.”

This content was produced with the assistance of AI translation services.