Hanwha Investment & Securities: Q1 2026 Revenue Up 98.3%, Net Profit Down 48.5%; NCR Strong at 803%

Consolidated Q1 revenue KRW 1.659 trillion (+98.3% YoY), operating profit KRW 29.6 billion (-37.1%), net profit KRW 19.1 billion (-48.5%)
Standalone: operating profit KRW 43.1 billion (-12.6%), pre-tax profit KRW 36.3 billion (-26.5%), net profit KRW 28.3 billion
Total assets KRW 19.05 trillion (+9.75% vs year-end 2025), equity KRW 2.039 trillion (-1.41%)
Net capital ratio (NCR) at 803%, well above regulatory minimum
WM segment net revenue KRW 98.3 billion (+151.9% YoY), Trading -64.6%, IB -75.1%
Major off-balance sheet: purchase commitments KRW 840.4 billion, CDS protection sold KRW 2.94 trillion, protection bought KRW 1.35 trillion
Pending lawsuits: 18 as defendant (KRW 148.5 billion), 5 as plaintiff (KRW 43.0 billion), including CERCG ABCP cases
Key subsidiaries: Pinetree Vietnam (pre-tax profit KRW 5.1 billion), Ciptadana Indonesia (pre-tax loss KRW 0.6 billion)
Total comprehensive loss of KRW 31.1 billion (vs +KRW 29.6 billion in Q1 2025); no dividends paid