NH Investment & Securities Posts Record-High 965.2 Billion Won Net Profit in First Half

Growth Across All Segments: Brokerage, Financial Products, and IB

NH Investment & Securities announced on July 23 that it achieved a record-high net profit attributable to controlling shareholders of 965.2 billion won in the first half of this year. This figure represents a 107.6% increase compared to the same period last year, driven by balanced growth across all business segments, including brokerage, financial products, and investment banking (IB).

Net operating revenue in the first half surged by 89.0% year-on-year to 2.2603 trillion won, and operating profit reached 1.3179 trillion won. Annualized return on equity (ROE) stood at 19.0%. In particular, net profit attributable to controlling shareholders for the second quarter was 489.6 billion won, up 90.7% from a year earlier, continuing the strong growth trend.

The company stressed that these robust results were a consequence of expanding its client base across the board despite volatility in domestic and global stock markets, and maximizing brokerage income through enhanced digital and global trading infrastructure.

Fee revenue from the brokerage division accumulated to 795.0 billion won in the first half, a 211.7% increase year-on-year. In the second quarter, fee revenue grew by 27.5% quarter-on-quarter to 445.6 billion won. Brokerage commission income from domestic equities was 390.9 billion won, marking a 26.2% increase from the previous quarter. In the context of daily average domestic equity trading volume reaching approximately 90.2 trillion won, the company also raised its market share by 0.7 percentage points from the previous quarter. Overseas equities also performed strongly, with second quarter brokerage commission income reaching 85.8 billion won—a 55.1% quarter-on-quarter increase—fueled by higher daily average trading volumes and robust transactions.

The quality of the financial product sales business also improved, reflecting a structural upgrade. Cumulative commission revenue from financial product sales was 125.9 billion won for the first half, which is up 127.2% from the previous year. In the second quarter, this commission revenue increased by 56.3% quarter-on-quarter to 76.8 billion won.

Total client assets expanded to 612 trillion won. The high-net-worth (HNW) client base also grew, with the number of clients holding over 100 million won exceeding 455,000, and those with more than 1 billion won surpassing 33,000.

The company’s traditional strength, the IB segment, once again demonstrated its competitiveness with a solid track record. IB fee revenue reached 205.5 billion won in the first half. For the second quarter, IB fee revenue was 108.3 billion won, up 11.3% from the previous quarter, supported in part by increased fees related to debt guarantees. Notably, NH Investment & Securities successfully led the underwriting for companies such as Peace Peace Studio and Cosmo Robotics in the equity capital market (ECM), securing the top position in the IPO league table for the first half. In the debt capital market (DCM), the company also managed issuances for Hanon Systems and SK Networks and maintained its leading position in the representative underwriting of financial bonds (FB).

The asset management division recorded 831.5 billion won in the first half, up 62.5% year-on-year, and garnered 407.3 billion won in the second quarter. Despite volatility due to rising market interest rates for bonds, the company managed returns stably through conservative and proactive risk management.

Jaeuk Shin, CEO of NH Investment & Securities, stated, “What I find more significant than achieving our highest ever results in the first half is the qualitative shift in our earnings structure. Not only did brokerage commissions double year-over-year, but we also firmly maintained our leadership in our traditional IB business.” He added, “Moving forward, leveraging the expertise of our co-CEO system, we will diversify a balanced portfolio that is resilient to market volatility, thereby becoming a trusted national capital market partner for both clients and shareholders.”

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