Korea Asset In Trust Q1 2026: Continued Shareholder Returns via Dividend and Share Buyback, Net Income Supported by Financial Gains Despite Lower Fee Income
Shareholder returns: Declared cash dividend of 150 won per share (total 18.4 billion won) for FY2025; completed cancellation of 1,603,826 treasury shares (approx. 12.6 billion won) in 2025
Financial soundness: Parent company operating net capital ratio 363.8% (well above 150% requirement); consolidated NPL ratio 50%; loan loss coverage ratio improved to 149%
Earnings: Consolidated net income for Q1 2026: 122 billion won (EPS 100 won), down from 142 billion won (116 won) in Q1 2025. Separate net income: 17 billion won (EPS 14 won), down from 69 billion won (56 won)
Loan loss reserve reversal: Adjusted EPS for separate basis after reversal: 163 won vs 73 won in prior year quarter
Fee income (trust fees): 135 billion won (vs 171 billion won in Q1 2025), decline mainly in land trust fees
Gains on financial assets: Disposal and valuation gains on FVPL financial assets: 20.1 billion won (vs 1.4 billion won in Q1 2025), significantly increased
Subsidiary (Korea Asset Capital): Adjusted equity ratio 63%; NPL ratio 11.52%, slightly improved