Mirae Asset Securities Reports Q3 Net Profit of 343.8 Billion Won, Up 19% Year-on-Year

Mirae Asset Securities announced on November 6 that its pre-tax profit for the third quarter of this year reached 447.2 billion won, and net profit stood at 343.8 billion won, marking year-on-year increases of 26% and 19%, respectively.

On a cumulative basis for the first three quarters, pre-tax profit amounted to 1.3135 trillion won, and net profit reached 1.0079 trillion won.

Both the brokerage and wealth management (WM) divisions achieved record quarterly results. Brokerage commission income surged by 22% quarter-on-quarter to 263.7 billion won, while commission income from financial product sales also jumped by 21% to 91.8 billion won.

Notably, Mirae Asset Securities became the first Korean securities firm to surpass 50 trillion won in both pension and overseas stock balances, further solidifying its unrivaled position in the industry. A Mirae Asset Securities representative stated, "This is a structural achievement where both clients and the company realized profits together, going beyond mere capital inflows. In fact, as of the third quarter of this year, Mirae Asset Securities clients generated 10 trillion won in pension profits and 15 trillion won in overseas stock profits, which in turn naturally expanded the company’s profitability."

Pre-tax profit from overseas subsidiaries totaled 299 billion won on a cumulative basis for the third quarter, accounting for approximately 23% of total pre-tax profit and reaching an all-time high. The company continued to deliver robust recurring profits, driven by flow trading businesses centered in advanced markets and the expansion of WM business in emerging markets such as Vietnam, Indonesia, and India. Mirae Asset Securities plans to further strengthen the independent governance of its overseas subsidiaries, enhance risk management systems, and bolster IT security to establish a systematic business foundation.

The annualized return on equity (ROE) was 10.8%, maintaining above 10% for the second consecutive quarter, thereby demonstrating a stable structure.

Recently, Mirae Asset Group unveiled its 'Mirae Asset 3.0' vision, which integrates traditional and digital assets, and has established a system to proactively respond to the rapidly changing financial environment. Accordingly, Mirae Asset Securities created a dedicated division for technology and artificial intelligence (Tech & AI) to secure technological competitiveness. This year, 51% of new hires were specialized in Tech, and the company plans to accelerate its token securities, stablecoin, and virtual asset businesses.

Following 'Mirae Asset 1.0,' which brought innovation to the capital market through entrepreneurship and mutual funds, and 'Mirae Asset 2.0,' which popularized investment through global expansion and exchange-traded funds (ETFs), the company is now preparing for a new leap in the 'Mirae Asset 3.0' era, focusing on global integration and the convergence of digital assets. Additionally, the Financial Consumer Protection Headquarters has been elevated to a division-level organization, further strengthening internal controls and risk management systems. With a 'Client First' philosophy at its core, the company will focus on providing global wealth management services to enhance client assets.

A Mirae Asset Securities representative stated, "As we enter the Mirae Asset 3.0 era, Mirae Asset Securities is further strengthening its global investment expertise and laying the foundation for sustainable growth. We will continue to grow as a global investment specialist by providing customized wealth management services in partnership with our clients."