1. iM Financial Group Q2 2025 Earnings Announcement: What to Expect

iM Financial Group will hold its investor relations (IR) meeting on July 28th at 4 PM KST to announce its preliminary Q2 2025 earnings. The meeting will also address key concerns and provide a platform for Q&A. With a market capitalization of KRW 2.45 trillion (stock code: 139130), will iM Financial Group exceed market expectations?

2. Q1 2025 Performance Recap: A Mixed Bag

iM Financial Group reported a solid net profit of KRW 154.3 billion in Q1 2025, but the slowdown in growth compared to previous periods raises concerns. Here’s a breakdown by subsidiary:

  • iM Bank: Net profit was healthy, but rising NPL and delinquency ratios warrant attention.
  • iM Securities: Asset management performed well, but brokerage commissions were weak.
  • iM Life Insurance: Insurance premiums increased after IFRS17 adoption, but investment income may decline.
  • iM Capital: Net profit and profitability were good, but high NPL ratios pose a risk.
  • iM Asset Management: Net profit decreased, but assets under management increased.

3. Key IR Checkpoints: 5 Things to Watch Closely

Pay close attention to these five key areas during the IR meeting:

  • Impact of economic slowdown and interest rate cuts: What was the impact on H1 results, and what is the outlook for H2?
  • Impact of exchange rate and commodity price fluctuations: How were overseas operations and investment portfolios affected, and what are the mitigation strategies?
  • iM Life Insurance’s performance and outlook after IFRS17 adoption: What are the strategies to address changes in financial regulations?
  • Impact of NXT Exchange launch: Did it contribute to increased trading volume and commission income for iM Securities?
  • NPL management and loan loss provision plans: How are the subsidiaries managing their financial soundness?

4. Investment Strategy: A Long-Term Perspective

Carefully analyze the IR results to assess iM Financial Group’s risk management capabilities in the face of economic slowdown and macroeconomic variables, as well as the growth strategies of its subsidiaries. A long-term investment perspective is crucial, avoiding short-term market volatility.