Financials Meritz Financial Group Inc.

Equities

End-of-day quote Korea S.E. Other stock markets 13/01/2026			5-day change	1st Jan Change
103,700.00 ^KRW	-0.96%		-4.25%	-8.31%

12-19	Bank of Korea announces temporary measures to boost dollar supply in FX market	RE
12-07	South Korea policy chief says country has the means to respond to won's decline	RE

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	-	15,606	4,216	3,564	3,932	4,137	4,373	4,643
Change	-	-	-72.99%	-15.46%	10.33%	5.21%	5.71%	6.17%
EBITDA	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
EBIT ¹	-	1,801	2,201	2,934	3,189	3,276	3,508	3,707
Change	-	-	22.23%	33.29%	8.71%	2.74%	7.08%	5.65%
Interest Paid	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	-	-	-	2,854	3,141	3,467	3,582	3,778
Change	-	-	-	-	10.04%	10.37%	3.33%	5.47%
Net income ¹	489.7	-	-	2,050	2,306	2,524	2,611	2,756
Change	-	-	-	-	12.51%	9.44%	3.47%	5.55%
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	1,199	1,093	820.2
Change	-	-12.58%	81.71%	-	-	-40.77%	59.82%	26.54%	-6.17%	-44.08%	46.65%	28.97%	-8.87%	-24.96%
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	949.7	862.3	703.3
Change	-	-37.53%	109.21%	-4.61%	6.48%	-39.21%	52.65%	30.46%	-10.35%	-43.32%	41.25%	31.59%	-9.2%	-18.44%
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	-	-	-	-	-	-	809.2	987.4	860.4	484.1	839.1	999	892.3	707.5
Change	-	-	-	-	-	-	-	22.02%	-12.86%	-43.73%	73.33%	19.06%	-10.68%	-20.71%
Net income ¹	-	-	-	-	-	-	585.8	730.1	649.9	340.2	609.8	725.1	654.7	510.8
Change	-	-	-	-	-	-	-	24.65%	-10.99%	-47.65%	79.23%	18.9%	-9.71%	-21.97%
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	13/08/25	14/11/25	-

¹KRW in Billions

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	-	-	-	28,040	34,594	39,239	39,151	38,962
Change	-	-	-	-	23.37%	13.43%	-0.22%	-0.48%
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%	79.2%	80.23%	79.84%
EBT Margin (%)	-	-	-	80.1%	79.89%	83.81%	81.92%	81.38%
Net margin (%)	-	-	-	57.51%	58.65%	61.01%	59.72%	59.37%
FCF margin (%)	-	-	-	-	-	-	-	-
FCF / Net Income (%)	-	-	-	-	-	-	-	-
Profitability
ROA	-	1.04%	1.92%	2.14%	2.39%	1.96%	1.97%	2%
ROE	-	20.1%	25.56%	26.58%	22.19%	23.63%	22.74%	21.2%
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	1,542	1,575	1,668
Change	-	-	-	-	-42.8%	14.2%	2.17%	5.89%
Book Value Per Share ¹	-	29,591	-	50,457	56,153	62,871	75,462	90,542
Change	-	-	-	-	11.29%	11.96%	20.03%	19.98%
EPS ¹	3,571	-	-	10,970	12,238	14,496	15,790	17,531
Change	-	-	-	-	11.56%	18.45%	8.92%	11.03%
Nbr of stocks (in thousands)	131,626	126,360	-	190,042	179,885	171,743	171,743	171,743
Announcement Date	18/03/21	16/03/22	-	07/02/24	06/02/25	-	-	-