Hyundai Motor Securities Co., Ltd.KRX: 001500

Hyundai Motor Securities: Revenue up 13.5% but net income down 32.4% as IB losses and risk provisions weighed on results

· Issued by Hyundai Motor Securities Co., Ltd.

FY2024 revenue rose 13.5% to KRW 1,795.6B, but net income fell 32.4% to KRW 36.1B due to IB segment weakness and higher risk provisions. Capital adequacy and liquidity remain strong, with a 478% net capital ratio and KRW 77.3B in cash.

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