Hana Securities said on the 30th that last year's net profit under consolidation was 212 billion won. That was down 5.8% from a year earlier.
Last year's revenue was about 1.49702 trillion won, up 18.4% from a year earlier, and operating profit was 166.5 billion won, up 17.3% from the previous year.
Hana Securities said operating profit increased as fees from wealth management (WM) and investment banking (IB) and trading revenue in the sales and trading (S&T) institutional sector expanded on the back of strong stock markets.
However, net profit decreased from a year earlier as the company took a conservative approach in reflecting fair value changes for investment assets in the fourth quarter.
By institutional sector, the WM institutional sector saw revenue rise evenly across the business, including securities brokerage, financial products, and credit provision, as the stock market became more active. The IB institutional sector expanded profit by taking part in quality deals through the expansion of acquisition finance and group sales synergy.
As for the S&T institutional sector, the company emphasized that it maintained a leading position in the derivative-linked securities issuance market and sustained a stable revenue stream by responding preemptively to market volatility.
A Hana Securities official said, "This year, we will ramp up new businesses such as issuance-backed notes and security token offerings (STOs) to strengthen our mid- to long-term growth foundation, and we will deliver differentiated financial services by advancing artificial intelligence (AI) and digital capabilities."