NH Investment & Securities has achieved its highest-ever half-year performance, driven by balanced growth in its brokerage, financial products, and investment banking (IB) sectors.
On July 24, NH Investment & Securities announced that its consolidated net profit attributable to shareholders for the first half of the year reached 965.2 billion won, a 107.6% increase compared to the same period last year. This marks the largest half-year profit in the company's history.
During the same period, net operating revenue rose to 2.26 trillion won, up 89.0%, while operating profit reached 1.32 trillion won. The annualized return on equity (ROE) stood at 19.0%.
In the second quarter, net profit attributable to shareholders was 489.6 billion won, reflecting a 90.7% increase year-on-year. The company attributed its strong performance to increased trading in domestic and international markets, an expanded customer base, and enhanced competitiveness in digital and global trading infrastructure.
Brokerage commission revenue for the first half totaled 795 billion won, a 211.7% increase from the same period last year. In the second quarter, commission revenue was 445.6 billion won, up 27.5% from the previous quarter.
Domestic stock commission revenue reached 390.9 billion won, a 26.2% increase from the previous quarter, as the average daily trading volume in domestic stocks expanded to 90.2 trillion won, with market share rising by 0.7 percentage points. Commission revenue from overseas stocks increased by 55.1% to 85.8 billion won, driven by higher average trading volumes and expanded agreements.
The financial products sales sector also showed growth, with commission revenue for the first half reaching 125.9 billion won, a 127.2% increase year-on-year. In the second quarter, this figure was 76.8 billion won, up 56.3% from the previous quarter. The expansion of target conversion wrap sales led to a 171.8% increase in asset management fees compared to the previous quarter.
Total customer assets grew to 612 trillion won, with the number of customers holding assets over 100 million won reaching 455,000, and those with over 10 billion won exceeding 33,000.
The IB sector recorded commission revenue of 205.5 billion won for the first half. In the second quarter, this figure was 108.3 billion won, an 11.3% increase from the previous quarter, driven by an increase in fees related to debt guarantees.
In the equity capital markets (ECM), the company led the IPO league table in the first half by managing initial public offerings for companies such as Piece Piece Studio and Cosmo Robotics. In the debt capital markets (DCM), it managed bond issuances for Hanon Systems and SK Networks, maintaining its top position in the specialty finance bond sector.
The asset management sector reported earnings of 831.5 billion won for the first half, a 62.5% increase year-on-year. In the second quarter, asset management earnings were 407.3 billion won, attributed to stable performance through conservative risk management despite increased market interest rate volatility.
Shin Jae-wook, CEO of NH Investment & Securities, stated, "What is more significant than achieving the highest-ever performance is the qualitative change in our revenue structure. Not only did brokerage revenue increase significantly, but we also maintained market leadership in our traditionally strong IB sector."
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.