iM Securities, a subsidiary of iM Financial Group, reported Q2 consolidated operating profit of 275 billion won, down 16.3% from the same period last year but up 13.7% from the previous quarter, according to a disclosure on the 27th. The decline was driven by a sharp drop in the product management segment to 27 billion won from 127 billion won in the prior quarter, as the company reduced bond trading positions amid interest rate volatility. On a standalone basis, iM Securities has maintained profitability for six consecutive quarters since Q1 2025, with Q2 standalone net income reaching 210 billion won.
![iM Securities building]()
iM Securities building [iM Securities]
iM Securities Reports Q2 Operating Profit of 275 Billion Won
Consolidated net income for Q2 was 209 billion won, down 21.8% year-over-year. Revenue surged 259.9% to 2.5781 trillion won from 716.4 billion won in the same period last year. On a standalone basis, operating profit reached 275 billion won, up 1.1% from the previous quarter, while net income stood at 210 billion won.
According to iM Securities' IR materials, Q2 standalone net operating revenue totaled 96.3 billion won, up 17.4% quarter-over-quarter and the highest in the past five quarters. Cumulative net operating revenue for the first half reached 178.3 billion won, up 9.8% from the same period last year.
Brokerage Segment Revenue Surges 2.7 Times Year-Over-Year
The brokerage segment drove performance, generating net operating revenue of 414 billion won—up 18.6% from 349 billion won in the previous quarter and 2.7 times the 155 billion won recorded in the same period last year. Retail segment revenue increased due to higher trading volume, while market-making revenue expanded amid heightened market volatility.
In contrast, the product management segment recorded only 27 billion won, down sharply from 127 billion won in the prior quarter. iM Securities attributed this to reduced bond trading positions in response to interest rate fluctuations.
An iM Securities official stated, "We achieved excellent performance in the brokerage segment due to increased trading volume. In the bond segment, we managed risk by reducing operating positions, while expanding revenue from marketable assets such as proprietary investment (PI) in a large-cap rally environment."
iM Securities Plans 150 Billion Won Hybrid Securities Issuance in July
The official added, "We will maximize efficiency based on proactive risk management of secured capital and seek to expand revenue scale. In July, we will issue 150 billion won in hybrid securities to secure sustainable growth momentum and maximize profits by expanding participation in high-quality IB and project financing (PF) deals through capital rotation."
FAQ
What was iM Securities' Q2 operating profit?
iM Securities reported Q2 consolidated operating profit of 275 billion won, down 16.3% from the same period last year but up 13.7% from the previous quarter, according to a disclosure on the 27th.
Why did iM Securities' brokerage revenue increase in Q2?
Brokerage net operating revenue reached 414 billion won, up 2.7 times year-over-year from 155 billion won, driven by increased retail segment revenue from higher trading volume and expanded market-making revenue amid heightened market volatility.
What is iM Securities planning to do in July?
The company will issue 150 billion won in hybrid securities in July to secure sustainable growth momentum and expand participation in high-quality IB and project financing deals through capital rotation.
