Financials Meritz Financial Group Inc.

Equities

End-of-day quote Korea S.E. Other stock markets 20/06/2025			5-day change	1st Jan Change
106,400.00 ^KRW	0.00%		-3.36%	+2.31%

05-14	Meritz Financial Group Q1 Operating Profit 721.7 Billion Won, Down 6.4% From Year Earlier	RE
03-28	Meritz Financial Group To Cancel 500 Billion Won Worth Of Own Shares	RE

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	-	15,606	4,216	3,564	3,932	4,121	4,311	4,476
Change	-	-	-72.99%	-15.46%	10.33%	4.81%	4.61%	3.81%
EBITDA	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
EBIT ¹	-	1,801	2,201	2,934	3,189	3,351	3,534	3,647
Change	-	-	22.23%	33.29%	8.71%	5.07%	5.47%	3.19%
Interest Paid	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	-	-	-	2,854	3,141	3,455	3,609	3,829
Change	-	-	-	-	10.04%	9.99%	4.46%	6.09%
Net income ¹	489.7	-	-	2,050	2,306	2,413	2,521	2,606
Change	-	-	-	-	12.51%	4.66%	4.45%	3.36%
Announcement Date	18/03/21	16/03/22	02/03/23	07/02/24	06/02/25	-	-	-

¹KRW in Billions

Estimates

Fiscal Period: December	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4
Net sales ¹	1,103	964.6	1,753	-	1,009	597.6	955.1	1,209	1,134	634.1	929.9	1,082	1,080	843.5
Change	-	-12.58%	81.71%	-	-	-40.77%	59.82%	26.54%	-6.17%	-44.08%	46.65%	16.4%	-0.22%	-21.91%
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	625.8	390.9	817.8	780.1	830.7	504.9	770.8	1,006	901.5	511	721.7	883.5	867.7	677.1
Change	-	-37.53%	109.21%	-4.61%	6.48%	-39.21%	52.65%	30.46%	-10.35%	-43.32%	41.25%	22.41%	-1.79%	-21.96%
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	-	-	-	-	-	-	809.2	987.4	860.4	484.1	839.1	916.6	905.2	670
Change	-	-	-	-	-	-	-	22.02%	-12.86%	-43.73%	73.33%	9.23%	-1.23%	-25.98%
Net income ¹	-	-	-	-	-	-	585.8	730.1	649.9	340.2	609.8	667.8	661.6	485.6
Change	-	-	-	-	-	-	-	24.65%	-10.99%	-47.65%	79.23%	9.5%	-0.93%	-26.6%
Announcement Date	14/11/22	02/03/23	12/05/23	14/08/23	14/11/23	07/02/24	14/05/24	14/08/24	13/11/24	06/02/25	14/05/25	-	-	-

¹KRW in Billions

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	-	-	-	28,040	34,594	35,259	35,080	34,896
Change	-	-	-	-	23.37%	1.92%	-0.51%	-0.52%
Announcement Date	18/03/21	16/03/22	02/03/23	07/02/24	06/02/25	-	-	-

¹KRW in Billions

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024
CAPEX ¹	80,567	19,487	30,768	364,867	43,348	72,049
Change	-	-75.81%	57.89%	1,085.86%	-88.12%	66.21%
Free Cash Flow (FCF) ¹	-	-	-	-	-	-
Change	-	-	-	-	-	-
Announcement Date	05/03/20	18/03/21	16/03/22	09/03/23	11/03/24	19/03/25

¹KRW in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	-	-	-	-	-	-	-	-
EBIT Margin (%)	-	11.54%	52.21%	82.31%	81.1%	81.31%	81.97%	81.48%
EBT Margin (%)	-	-	-	80.1%	79.89%	83.83%	83.71%	85.55%
Net margin (%)	-	-	-	57.51%	58.65%	58.56%	58.47%	58.22%
FCF margin (%)	-	-	-	-	-	-	-	-
FCF / Net Income (%)	-	-	-	-	-	-	-	-
Profitability
ROA	-	1.04%	1.92%	2.14%	2.39%	2.04%	2.09%	2.28%
ROE	-	20.1%	25.56%	26.58%	22.19%	23.24%	22.01%	21.43%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	-	-	-	-	-	-	-	-
CAPEX / EBITDA (%)	-	-	-	-	-	-	-	-
CAPEX / FCF (%)	-	-	-	-	-	-	-	-
Items per share
Cash flow per share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Dividend per Share ¹	-	210	-	2,360	1,350	1,517	2,112	2,488
Change	-	-	-	-	-42.8%	12.35%	39.25%	17.79%
Book Value Per Share ¹	-	29,591	-	50,457	56,153	60,852	72,772	79,088
Change	-	-	-	-	11.29%	8.37%	19.59%	8.68%
EPS ¹	3,571	-	-	10,970	12,238	13,704	14,754	16,172
Change	-	-	-	-	11.56%	11.98%	7.66%	9.61%
Nbr of stocks (in thousands)	131,626	126,360	-	190,042	179,885	177,485	177,485	177,485
Announcement Date	18/03/21	16/03/22	-	07/02/24	06/02/25	-	-	-