Mirae Asset Securities said on the 9th that last year's net income on a consolidation basis was 1.5936 trillion won, up 72% from a year earlier.
Pre-tax profit was 2.08 trillion won, up about 70% from a year earlier. Operating profit was 1.915 trillion won, up 61% from the previous year.
Annualized return on equity (ROE) was 12.4%, remaining in the 10% range for three straight quarters. Total client assets (AUM) were 602 trillion won (518 trillion won domestic, 84 trillion won overseas), up about 120 trillion won in one year.
Overseas subsidiaries posted their best results since the start of the global business. Pre-tax profit was 498.1 billion won, up about 200% from the previous year, accounting for about 24% of total pre-tax profit.
Specifically, both developed and emerging markets delivered record results, with the New York subsidiary in particular posting an all-time high of 214.2 billion won.
Principal investment (PI) posted about 645 billion won in valuation gains, marking a profit for the fourth straight quarter. This is seen as reflecting large valuation gains from higher values of overseas innovative companies.
A Mirae Asset Securities official said, "As an investment specialist, Mirae Asset Securities invested in innovative companies such as SpaceX and x.AI over the past year and is delivering steady results."
Core business divisions including brokerage, wealth management (WM), and trading also all posted record results. Brokerage fee revenue was 1.011 trillion won, up 43% from a year earlier; financial product sales fee revenue was 342.1 billion won, up 21%; and trading and other financial gains were 1.2657 trillion won, up 14%.
Pension assets totaled 57.8 trillion won, up 35% from a year earlier. Over the past year, it attracted 4.4159 trillion won, or 19.1% of inflows into the defined contribution (DC) market. As a result, it rose from No. 4 in the DC segment across all financial industries in 2024 to No. 1 last year.
Mirae Asset Group has announced its "Mirae Asset 3.0" vision, which fuses traditional assets and digital assets. It has established the direction for promoting the digital asset business and laid the groundwork by joining a consortium in response to the overhaul of the security token offerings (STOs) system. Going forward, it plans to build a global asset management One platform and phase in key businesses such as asset tokenization and stablecoins.
A Mirae Asset Securities official said, "Since our founding, by strategically reinvesting capital secured through the foundation of global diversification, we have built a virtuous cycle and achieved meaningful results in the investment division," adding, "We will continue to discover quality assets and innovative investment opportunities and move forward as a global investment specialist that offers clients a wide range of investment opportunities centered on the Mirae Asset 3.0 vision."