Acuon Capital Reports 30.3% Increase in First Half Net Profit

Acuon Capital continued its solid growth in the first half of the year, primarily by expanding its corporate finance assets.

The company announced on September 1 that its consolidated net profit for the first half of the year reached 45.6 billion won, a 30.3% increase compared to the same period last year.

During the same period, operating profit rose by 26.7% to 58.1 billion won. On a standalone basis, net profit was 25.3 billion won, up 4.0% from the previous year. This growth is attributed to asset expansion in corporate finance and the management of its investment portfolio in line with market conditions.

As of the end of the first half, Acuon Capital's standalone loan assets amounted to 3.0435 trillion won, a 9.5% increase from the end of last year. Investment assets, including securities, also grew by 12.0% to 933.5 billion won during the same period.

With the expansion of operating assets, interest income increased significantly, leading to a net interest income of 25.8 billion won, a 13.7% rise compared to the previous year. In the investment finance sector, the company managed its portfolio focusing on listed mezzanine companies while also recovering investment assets.

Despite asset growth, delinquency indicators improved. By the end of the first half, the standalone delinquent amount was 99.8 billion won, down 7.1 billion won from 106.9 billion won at the end of last year. The delinquency rate fell from 3.52% to 3.04%, a decrease of 0.48 percentage points.

However, the ratio of non-performing loans increased from 2.98% at the end of last year to 3.76% at the end of the first half, up 0.78 percentage points. This was influenced by the reclassification of some watchlist loans and delays in recovering bad debts.

Acuon Savings Bank, a subsidiary, focused on soundness management and long-term structural improvements rather than expanding its size. Under Korean Generally Accepted Accounting Principles (K-GAAP), the ratio of non-performing loans improved from 6.43% to 6.25%, and the delinquency rate decreased from 5.09% to 4.84%. The capital adequacy ratio under the Bank for International Settlements (BIS) standards was recorded at 12.18%.

An Acuon Capital official stated, "The first half of this year was a period where the capital sector continued its growth while the savings bank prioritized asset quality over short-term performance and restructured its operations. We aim to connect this restructuring to actual profit recovery, further solidifying the foundation for qualitative growth of the group."