Sangsang Investment & Securities recorded a cumulative net profit of 11.1 billion won in the first half of 2026, continuing its profitability for two consecutive quarters. The company has increased the likelihood of an annual profit turnaround by generating steady earnings across its key business segments, including asset management, wholesale, investment banking (IB), and retail.
According to Sangsang Investment & Securities, the cumulative net profit for the first half of the year was approximately 11.1 billion won. The company reduced its operating loss from 49.7 billion won in 2024 to 9.2 billion won last year, and it has reported profits in both the first and second quarters of this year.
The improvement in performance was evident across all business segments, including asset management, wholesale, IB, and retail.
In the asset management sector, the net profit for the second quarter was 3.9 billion won, a 77.3% increase from 2.2 billion won in the same period last year. The restructuring of the equity management team and adjustments to the management scale in response to market conditions contributed to this performance improvement.
The bond underwriting sector also expanded its performance. In the first half of the year, the company underwrote 77 capital bonds worth 1.29 trillion won, ranking seventh among securities firms. It also underwrote 32 credit card bonds worth 500 billion won, placing twelfth. The total bond capital market (DCM) underwriting performance, including corporate and bank bonds, was recorded at 126 cases worth 2.55 trillion won.
The wholesale sector saw a net profit of 2.4 billion won in the second quarter, a 79.3% increase compared to the same period last year. This growth was driven by an expanded institutional sales base due to upgrades in asset management ratings.
The retail sector also turned a profit, with a net profit of 1.4 billion won in the second quarter, aided by cost efficiencies from branch consolidations and improvements in the mobile trading system (MTS).
The IB sector reported a net profit of 1.4 billion won in the second quarter, marking a return to profitability compared to the same period last year. This was influenced by stable earnings from the real estate financing business, which was strengthened since the end of last year.
Building on the improved performance in the first half, Sangsang Investment & Securities aims to achieve an annual operating profit of over 18 billion won this year. In the second half, the company plans to expand its stock brokerage business targeting institutional investors and improve bond sales performance due to interest rate stability. The newly established derivatives and proprietary stock management team will also be developed as an additional revenue source.
Joo Won, CEO of Sangsang Investment & Securities, stated, "The consecutive profits in the first half reflect the balanced business portfolio we have built to ensure that our overall revenue structure remains stable even amid market fluctuations. We will solidify this year as a turning point for Sangsang Investment & Securities to return to profitability."
* This article has been translated by AI.
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