Mirae Asset Securities announced on the 12th that its consolidated net profit for the second quarter of this year reached 1.9052 trillion won. This marks the first time in the securities industry that net profits have exceeded 1 trillion won for two consecutive quarters.
The 2nd quarter net profit increased by 90% compared to the previous quarter. Pre-tax profit rose by 86% to 2.5287 trillion won. As of the end of the second quarter, shareholders' equity stood at 16.2 trillion won, and the annualized return on equity (ROE) for the first half of the year was 39.5%.
Cumulative pre-tax profit for the first half reached 3.8863 trillion won, while net profit totaled 2.9072 trillion won, representing increases of 349% and 338%, respectively, compared to the same period last year.
Mirae Asset Securities explained that stable profit growth in key businesses such as wealth management (WM), pension services, brokerage, and trading has strengthened its foundation for generating recurring profits.
In Korea, the company demonstrated solid growth centered on brokerage and WM segments, driven by expanded client assets and increased trading activity. Brokerage fee revenue in the second quarter reached 625.6 billion won, a 36% increase from the previous quarter. Financial product sales fee income totaled 131 billion won, surpassing the 112.5 billion won recorded in the first quarter to set a new all-time high. Total client assets (AUM) domestically and internationally amounted to 784 trillion won, an increase of 124 trillion won from the previous quarter.
Pension assets exceeded 80 trillion won as of the end of June. Over the past year, the growth rate of defined contribution pension funds surpassed 60%, reaching approximately 2.5 times the market average. Recently, the company has introduced a retirement pension robo-WRAP (lab) service that manages everything from portfolio construction to actual trading, further enhancing customized asset management solutions for clients.
Overseas subsidiaries achieved unprecedented results driven by growth in recurring income and investment asset valuation gains. Pre-tax profit in the second quarter was approximately 609.1 billion won, with major overseas hubs including the United States (37%), Hong Kong (35%), London (18%), and India (5%) all delivering balanced performance. The contribution of overseas subsidiaries to consolidated pre-tax profit stood at about 24%, a 6 percentage point increase from the previous quarter.
Trading and other financial income/loss increased by 107% from the previous quarter to 836.9 billion won, while IB (corporate finance) fee revenue rose by 65% to 42.8 billion won.
Mirae Asset Securities is expanding its next-generation asset management ecosystem centered on a global investment platform. In June, it launched the global investment platform MAPS in Hong Kong, which covers both traditional and digital assets. The company plans to gradually expand services to major markets including the United States and Singapore. It is also developing an inbound distribution platform that allows global investors to directly invest in Korean stocks and Mirae Asset ETFs.
In the field of digital finance, the company is preparing relevant infrastructure in line with the institutionalization of STO (security token offering) regulations. Building on synergies with Digital X (formerly Cobit), it plans to expand the digital finance ecosystem through RWA (real-world asset) tokenization and security tokens.
A Mirae Asset Securities representative stated, "The company's continuous growth and corporate valuation are inseparable from clients' asset growth, which remains an unwavering principle of Mirae Asset Securities." He added, "Moving forward, we will further solidify long-term trust with our clients and evolve into a global investment platform that contributes to the successful asset management of our clients."
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