1. Q2 Earnings: A Surprising Beat
Mirae Asset Securities reported impressive Q2 2025 results with revenue of KRW 76.949 trillion, operating profit of KRW 5.004 trillion, and net profit of KRW 4.033 trillion. Notably, operating and net profit exceeded market expectations by 33% and 51% respectively, marking a significant earnings surprise.
2. Behind the Strong Performance
This strong performance is attributed to several factors, including consistent growth in Wealth Management (WM) and pension businesses, solid earnings from Investment Banking (IB), and efficient cost management. The continued improvement in earnings since Q4 2024 demonstrates the company’s robust growth momentum. Furthermore, Mirae Asset Securities has showcased a resilient business model by delivering stable results despite rising interest rates and market volatility.
3. Action Plan for Investors
This earnings surprise is expected to positively influence investor sentiment and provide upward momentum for the stock price. However, it’s crucial for investors to continuously monitor external factors like interest rates, exchange rates, and global economic conditions, as well as the competitive landscape and the growth potential of new businesses, to make informed investment decisions.
- Key Investment Points: WM/Pension growth, IB profitability, efficient cost management
- Risk Factors: Changes in macroeconomic conditions, increased competition, uncertainty surrounding new businesses