Samsung Securities Posts 609.5 Billion Won in Q1 Operating Profit

Samsung Securities recorded an operating profit of 609.5 billion won on a consolidated basis for the first quarter of this year, an 82.1% increase compared to the same period last year. Net profit also grew by 81.5% to 450.9 billion won.

This improvement in performance is attributed to growth in key business segments, including a steady increase in customer assets and rising revenue from financial product sales.

In the wealth management division, retail customer assets saw a net inflow of 19.7 trillion won, bringing total assets to 495.6 trillion won. Fund sales revenue increased by 96.0% quarter-on-quarter to 34.4 billion won, and pension balances grew 11.7% to 34.5 trillion won, continuing the growth trend.

The Investment Banking (IB) division also delivered strong results, posting 71.8 billion won, a 10.0% increase from the previous quarter, driven by structured finance performance. The company successfully completed deals including the K-Bank IPO, Hwasung Cosmetics' acquisition financing, and Nowcos' public tender offer.