Mirae Asset Securities Posts Consolidated Net Profit of 1.9 Trillion Won in Q2

Mirae Asset Securities Vice Chmn. Kim Mi-seob and Heo Sun-ho. (Photo: Mirae Asset Group)

Mirae Asset Securities announced on Aug. 12 that it racked up a consolidated net profit of 1,905.2 billion won in the second quarter of this year, becoming the first company to surpass 1 trillion won in net profit in two consecutive quarters in the Korean securities industry.

Mirae Asset Securities’ consolidated pre-tax profit for the second quarter stood at 2.5287 trillion won, and its net profit 1.9052 trillion won, representing increases of 86% and 90%, respectively, compared to the previous quarter.

As of the end of the second quarter, its equity stood at 16.2 trillion won, and its annualized return on equity (ROE) for the first half of the year reached 39.5%.

The company’s cumulative pre-tax profit for the first half of the year was 3.8863 trillion won, and its net profit was 2.9072 trillion won, representing increases of 349% and 338%, respectively, compared to the same period of 2025.

Mirae Asset Securities further strengthened its foundation for generating recurring profits as stable profit growth continued in its major businesses including wealth management (WM) & pensions, brokerage, and trading.

The securities company’s domestic business continued its robust growth, centered on the brokerage and WM sectors, driven by the expansion of customer assets and increased trading activity.

Its brokerage commission revenue in the second quarter sat at 625.6 billion won, a 36% increase from the previous quarter.

Mirae Asset Securities’ financial product sales commission revenue hit 131 billion won, surpassing the 112.5 billion won recorded in the first quarter to set a new all-time high.

Its total domestic and international assets under management (AUM) reached 784 trillion won, an increase of 124 trillion won compared to the first quarter.

The company’s pension assets steadily expanded, surpassing 80 trillion won as of the end of June.

Over the past year, the growth rate of retirement pension reserves exceeded 60%, reaching approximately 2.5 times the market average.

Recently, it has further advanced its customized asset management solutions by introducing a retirement pension robo-WRAP service through IRP accounts which entrusts everything from portfolio construction to actual trading.

Its overseas subsidiaries achieved strong performance driven by growth in recurring earnings and valuation gains on investment assets. Pre-tax profit for the second quarter was approximately 609.1 billion won.

Subsidiaries in major overseas locations including the U.S. (37%), Hong Kong (35%), London (18%), and India (5%), delivered balanced results.

The contribution of its overseas subsidiaries to consolidated pre-tax profit was approximately 24%, an increase of 6 percentage points compared to the previous quarter.

Mirae Asset Securities’ performances improved across major businesses, with trading and other financial income and expenses rising 107% from the previous quarter to 836.9 billion won, and its IB fee revenue growing 65% to 42.8 billion won.

Retirement Pension Reserves Grow by Approx. 10 Trillion Won in Q2

Mirae Asset Securities announced on July 27 that its retirement pension reserves increased by approximately 10 trillion won in the second quarter of this year, making it the only company in the Korean financial industry to do so.

According to the Financial Supervisory Service’s disclosure of retirement pension reserves, the total reserves in the Korean retirement pension market ascended by 45.1438 trillion won in the second quarter of 2026.

Of this, approximately 9.5799 trillion won, or 21.2%, was added at Mirae Asset Securities, accounting for the lion’s share among 42 providers.

The cumulative increase in Mirae Asset Securities’ retirement pension reserves for the first half of the year was approximately 14 trillion won, a 36.5% increase compared to the reserves at the beginning of this year.

In particular, the company was the only one among all financial institutions to record an increase in reserves of approximately 4 trillion won and 10 trillion won in both the first and second quarters, respectively, confirming strong customer trust through these figures.

At the heart of this performance lies an asset allocation strategy that Mirae Asset Securities has consistently maintained since the beginning of its business.

Unlike the Korean general retirement pension market, where principal-guaranteed products account for a large proportion, Mirae Asset Securities has steadily increased the proportion of performance-based products to prevent assets from being skewed toward principal-guaranteed products.