Samsung Securities Achieves Record-High Q2 Operating Profit of 675.8 Billion Won

Samsung Securities has once again set a new record for the highest-ever quarterly results, driven by balanced growth in its Wealth Management (WM) and Investment Banking (IB) divisions.

Samsung Securities announced on August 4 that its consolidated operating profit for the second quarter of this year reached 675.8 billion won, an increase of 119.0% compared to the same period last year. This also represents a 10.9% rise compared to the record-breaking first quarter of this year. Net profit for the period was 488.2 billion won, reflecting a 108.1% year-on-year increase and an 8.3% rise from the previous quarter.

This marks the second consecutive quarter in which the company has achieved record-breaking results. Cumulative operating profit for the first half of the year surpassed 1 trillion won, reaching 1.2853 trillion won, while cumulative net profit amounted to 939.1 billion won.

The WM division maintained its growth momentum thanks to an expanded customer base and increased revenue from financial product sales. Retail client assets grew by 31.6% compared to the previous quarter, reaching 652.4 trillion won. The number of high-net-worth (HNW) clients rose by 27.5% to 572,000. Net wrap account fees totaled 49.5 billion won, up 52.1% from the previous quarter. Deposited assets in retirement pensions also grew by 20.7% to 28.1 trillion won, with the wealth management business showing strong performance overall.

The IB division also drove improved results, particularly through structured finance. IB earnings increased by 26.1% from the previous quarter to 90.6 billion won, anchored by 79.4 billion won in structured finance revenue. The company explained that successfully completing IPOs for Chaebi and Justec, as well as arranging acquisition financing for Hugel, contributed to these strong results.

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