Mirae Asset Securities reported a substantial profit increase last year, fueled by robust performance from its international operations and strategic investment gains, particularly from its SpaceX holdings, the company announced Monday. This positions Mirae Asset Securities as a leading investment firm.
On a consolidated basis, Mirae Asset Securities achieved a net profit of 1.59 trillion won ($1.08 billion) in the past year, marking a 72 percent increase compared to the previous year. Operating profit also saw a significant rise, climbing 61 percent to 1.91 trillion won. Pretax profit experienced an approximate 70 percent year-on-year growth, reaching 2.08 trillion won. This signifies strong financial performance and profitability for Mirae Asset Securities.
The brokerage’s assets under management (AUM) reached 602 trillion won, representing an increase of approximately 120 trillion won year-on-year. This comprises 518 trillion won in domestic assets and 84 trillion won in international assets. The substantial growth in AUM showcases the firm’s ability to attract and manage significant capital.
Overseas subsidiaries delivered record earnings, with pretax profit totaling 498 billion won, accounting for nearly a quarter of the company’s total pretax profit. This highlights the growing importance and success of Mirae Asset Securities’ global expansion strategy.
This figure brings Mirae Asset close to achieving its target of 500 billion won in overseas pretax profit by 2030, a goal established in 2024 as part of its broader plan to enhance corporate value. This demonstrates a clear roadmap for future growth and international market penetration.
Notably, the company’s New York subsidiary achieved an all-time high pretax profit of 214.2 billion won, showcasing exceptional performance in the key US market.
Mirae Asset’s principal investment activities remained profitable for the fourth consecutive quarter, generating 645 billion won in valuation gains. This reinforces the company’s strategic shift toward more aggressive investment opportunities rather than primarily relying on traditional brokerage commissions. The gains were largely driven by the soaring valuations of SpaceX and xAI, indicating successful investments in innovative technology companies.
The firm’s annualized return on equity (ROE) stood at 12.4 percent, marking the third consecutive quarter above 10 percent, reflecting strong capital efficiency and profitability.
Bolstered by these strong earnings, the brokerage house’s share price surged on Thursday to a new intraday high of 56,200 won. After reaching this record peak, the stock retraced slightly to trade at 54,000 won as of 1:25 p.m., up 12.5 percent for the day. This demonstrates investor confidence in Mirae Asset Securities’ financial performance and future prospects.
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