NH Investment & Securities announced on the 23rd that its net profit attributable to controlling shareholders reached 965.2 billion won in the first half, marking a record half-year performance and a 107.6% increase compared to the same period last year. The company's second-quarter net profit stood at 489.6 billion won, up 90.7% year-on-year. The strong results were driven by the firm's expansion of its customer base and enhanced competitiveness in digital and global trading infrastructure, which translated into increased brokerage revenue despite volatility in domestic and overseas stock markets. Operating revenue for the first half totaled 2.26 trillion won, up 89% year-on-year, while operating profit reached 1.32 trillion won, with an annualized return on equity of 19%.
Brokerage Commission Income Surges 211.7% in First Half
Brokerage commission income reached 795 billion won in the first half, a 211.7% increase compared to the same period last year. Second-quarter commission income totaled 445.6 billion won, up 27.5% quarter-on-quarter. Domestic stock commission revenue in the second quarter amounted to 390.9 billion won, a 26.2% increase from the previous quarter. The firm increased its market share by 0.7 percentage points quarter-on-quarter in an environment where average daily domestic stock trading volume rose to 90.2 trillion won. Overseas stock commission revenue recorded 85.8 billion won in the second quarter, up 55.1% quarter-on-quarter, driven by increased average daily trading volume and favorable contract performance.
Financial Product Sales Commission Climbs 127.2% Year-on-Year
Financial product sales commission income totaled 125.9 billion won in the first half, a 127.2% increase compared to the same period last year. Second-quarter commission income reached 76.8 billion won, up 56.3% quarter-on-quarter. Asset management fees in the second quarter increased 171.8% quarter-on-quarter, driven by strong sales of target conversion wrap products aligned with the upward trend in the domestic stock market. Total customer assets expanded to 612 trillion won.
NH Investment Ranks First in IPO Underwriting League Table
Investment banking commission income recorded 205.5 billion won in the first half. Second-quarter IB commission income reached 108.3 billion won, an 11.3% increase quarter-on-quarter, supported by increased debt guarantee-related fees. In equity capital markets, the firm led the underwriting of Peacepiece Studio and Cosmo Robotics, securing the top position in the first-half IPO underwriting league table. In debt capital markets, NH Investment underwrote issuances for Hanon Systems and SK Networks, while maintaining its number-one ranking in financial bond underwriting.
Asset Management Income Increases 62.5% Amid Market Volatility
Asset management income totaled 831.5 billion won in the first half, a 62.5% increase compared to the same period last year. Second-quarter income reached 407.3 billion won, with the firm managing returns stably despite volatility in market bond rates.
CEO Highlights Structural Revenue Quality Improvement
NH Investment & Securities CEO Shin Jae-wook stated, "What we focus on more than achieving record first-half performance is the qualitative change in our revenue structure. Financial product sales commissions have more than doubled compared to last year, and we are firmly maintaining leadership in our traditional strength, the IB business."
FAQ
What was NH Investment & Securities' net profit in the first half?
NH Investment & Securities reported a net profit attributable to controlling shareholders of 965.2 billion won in the first half, a 107.6% increase compared to the same period last year and a record half-year performance.
How did NH Investment perform in IPO underwriting?
NH Investment ranked first in the first-half IPO underwriting league table, having led the underwriting of Peacepiece Studio and Cosmo Robotics in equity capital markets, and maintained its number-one position in financial bond underwriting in debt capital markets.
