SHG · Shinhan Financial Group Co., Ltd.

Shinhan Financial Group Co., Ltd. released its unaudited condensed consolidated interim financial statements for the three months ended March 31, 2026, reviewed by Samil PricewaterhouseCoopers with no material issues noted. Consolidated profit rose 8.7% year-over-year to W1,649 billion, driven by higher net interest income (W3,024 billion vs W2,855 billion), increased net fees and commissions (W941 billion vs W678 billion), and net insurance income (W276 billion). These gains offset higher provision for credit losses (W520 billion) and general/administrative expenses (W1,545 billion). Operating income improved to W2,154 billion from W1,944 billion, with profit before tax at W2,221 billion. Total comprehensive income reached W2,017 billion, including other comprehensive income of W368 billion featuring significant net finance income on insurance contracts (W2,030 billion). Balance sheet expansion reflected loans at amortized cost growing to W478 billion from W465 billion year-end, deposits to W462 billion, and total assets surpassing W816 trillion. Equity attributable to shareholders increased to W59 billion. In separate financials, the parent reported strong dividend income (W2,463 billion) yielding profit of W2,360 billion. Equity changes included hybrid bond redemptions/issuances and treasury share transactions, with capital surplus reclassification. No forward guidance provided; results align with Korean IFRS 1034.