LS Securities Q1 2026 Operating Profit Surges 129.7%, Net Capital Ratio 783.94%
Separate operating profit in Q1 2026 reached KRW 39.7 billion (up 129.7% YoY), net profit KRW 30.4 billion (up 133.3% YoY). ROE 13.88% (up 7.89%p YoY).
Net capital ratio at 783.94%, very sound (slight decrease from 805.34% at end of prior year).
Total assets KRW 14.03 trillion (increase from KRW 10.33 trillion at end of prior year), asset-liability ratio 106.53% (improved from 109.11%).
Multiple lawsuits pending related to ABCP underwriting (13 cases). Partial wins in lower courts, but some cases appealed; ruling on April 30, 2026 partly reversed. Outcome uncertain.
Revenue composition: derivative valuation and disposal gains 46.4%, financial instrument gains 45.3%, high proportion of proprietary trading.
Equity commission market share 2.82% (up from 2.65%), options commission share 9.26% (up from 7.90%).