Woori Investment & Securities Reports 47.1% Net Profit Growth in H1

Woori Investment & Securities reported net profit of 24.7 billion won in the first half of this year, up 47.1% year-over-year, the company disclosed on the 24th. Operating profit reached 29.4 billion won, surging 93.3% from the same period last year. The securities firm attributed the improved earnings to strengthened core business revenue despite strategic investments in infrastructure and proactive risk management costs. Woori Investment & Securities has been transitioning its revenue structure toward non-interest income since launching full-scale securities operations two years ago.

Net Operating Revenue Rises 58.7% to 146.2 Billion Won

Net operating revenue totaled 146.2 billion won in the first half, up 58.7% year-over-year. Net interest income increased 17.0% to 62.3 billion won, while non-interest income surged 110.0% to 83.9 billion won. The proportion of non-interest income within net interest income expanded from 43% in the prior-year period to 58%, reflecting the firm's successful shift toward a securities-focused revenue structure. The company stated it has achieved steady top-line growth since commencing full-scale securities operations.

IB Fee Income Jumps 206% Year-Over-Year

Fee income from investment banking and other services reached 49.1 billion won, up 206% from the same period last year. The share of fee income within non-interest income rose from 40% to 58%, driven by revenue from major deals following capital increases. Woori Investment & Securities noted that the earnings impact from large-scale deal mandates has begun to materialize in earnest.

Strategic Investments Drive 46.8% Increase in Operating Expenses

Selling, general and administrative expenses totaled 90.9 billion won, up 46.8% year-over-year, reflecting continued strategic investments in essential infrastructure during the firm's early-stage development. The company cited the construction of its proprietary ledger IT system and ongoing recruitment of securities professionals as contributing factors. Loan loss provisions reached 25.9 billion won, up 62.5% from the prior-year period, due to asset growth from business expansion and additional reserves set aside for proactive risk management.

FAQ

What was Woori Investment & Securities' net profit in the first half of this year?
Woori Investment & Securities reported net profit of 24.7 billion won in the first half, up 47.1% year-over-year.

How much did Woori Investment & Securities' IB fee income grow year-over-year?
Fee income from investment banking and other services reached 49.1 billion won, up 206% from the same period last year.

Why did Woori Investment & Securities' operating expenses increase in the first half?
Selling, general and administrative expenses rose 46.8% year-over-year to 90.9 billion won, driven by strategic investments in proprietary IT infrastructure and recruitment of securities professionals.