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[6-K] Shinhan Financial Group Co Ltd Current Report (Foreign Issuer)

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
6-K
Rhea-AI Filing Summary

Shinhan Financial Group (SHG) posted solid consolidated 2Q 2025 prelims. Revenue jumped to KRW 23.2 tn (+44% QoQ, +29% YoY) and net income reached KRW 1.58 tn (+4% QoQ, +9% YoY). Operating income improved 4% QoQ to KRW 2.01 tn. Management notes figures are unaudited and may change.

Subsidiary trends diverged.

  • Shinhan Bank: Revenue KRW 15.5 tn (+60% QoQ, +38% YoY); net income KRW 1.14 tn (+1% QoQ, +1% YoY).
  • Shinhan Card: Revenue up 19% QoQ to KRW 1.75 tn, but net income fell 18% QoQ / 42% YoY to KRW 112 bn as operating income contracted 22% QoQ.
  • Shinhan Life: Revenue KRW 2.23 tn (+28% QoQ, +31% YoY); net income KRW 179 bn (+8% QoQ, +13% YoY).
Group YoY earnings momentum is driven mainly by banking and insurance, while the card division weighs on profitability. The filing is a Form 6-K and will be reviewed by auditors.

Shinhan Financial Group (SHG) ha registrato preliminarmente solidi risultati consolidati per il 2Q 2025. I ricavi sono saliti a 23,2 trilioni di KRW (+44% QoQ, +29% YoY) e l'utile netto ha raggiunto 1,58 trilioni di KRW (+4% QoQ, +9% YoY). Il reddito operativo è migliorato del 4% QoQ a 2,01 trilioni di KRW. La direzione segnala che i dati sono non revisionati e potrebbero subire variazioni.

Le performance delle controllate sono state divergenti.

  • Shinhan Bank: Ricavi per 15,5 trilioni di KRW (+60% QoQ, +38% YoY); utile netto 1,14 trilioni di KRW (+1% QoQ, +1% YoY).
  • Shinhan Card: Ricavi aumentati del 19% QoQ a 1,75 trilioni di KRW, ma l'utile netto è calato del 18% QoQ e del 42% YoY a 112 miliardi di KRW, a causa di un calo del reddito operativo del 22% QoQ.
  • Shinhan Life: Ricavi per 2,23 trilioni di KRW (+28% QoQ, +31% YoY); utile netto 179 miliardi di KRW (+8% QoQ, +13% YoY).
La crescita annuale del gruppo è principalmente trainata dal settore bancario e assicurativo, mentre la divisione carte incide negativamente sulla redditività. La comunicazione è un modulo 6-K e sarà soggetta a revisione da parte degli auditor.

Shinhan Financial Group (SHG) presentó resultados preliminares consolidados sólidos para el 2T 2025. Los ingresos aumentaron a 23,2 billones de KRW (+44% QoQ, +29% interanual) y la utilidad neta alcanzó 1,58 billones de KRW (+4% QoQ, +9% interanual). El ingreso operativo mejoró un 4% QoQ hasta 2,01 billones de KRW. La gerencia señala que las cifras son no auditadas y pueden cambiar.

Las tendencias de las subsidiarias fueron divergentes.

  • Shinhan Bank: Ingresos de 15,5 billones de KRW (+60% QoQ, +38% interanual); utilidad neta de 1,14 billones de KRW (+1% QoQ, +1% interanual).
  • Shinhan Card: Los ingresos aumentaron un 19% QoQ a 1,75 billones de KRW, pero la utilidad neta cayó un 18% QoQ y un 42% interanual a 112 mil millones de KRW, debido a una contracción del ingreso operativo del 22% QoQ.
  • Shinhan Life: Ingresos de 2,23 billones de KRW (+28% QoQ, +31% interanual); utilidad neta de 179 mil millones de KRW (+8% QoQ, +13% interanual).
El impulso de ganancias interanual del grupo está impulsado principalmente por la banca y los seguros, mientras que la división de tarjetas afecta la rentabilidad. El informe es un Formulario 6-K y será revisado por auditores.

신한금융그룹(SHG)은 2025년 2분기 연결 잠정 실적을 견고하게 발표했습니다. 매출은 23.2조 원으로 전분기 대비 44%, 전년 동기 대비 29% 증가했으며, 순이익은 1.58조 원으로 전분기 대비 4%, 전년 동기 대비 9% 증가했습니다. 영업이익은 전분기 대비 4% 증가한 2.01조 원입니다. 경영진은 수치가 감사 전 잠정치이며 변경될 수 있다고 밝혔습니다.

자회사별 실적은 엇갈렸습니다.

  • 신한은행: 매출 15.5조 원(+60% QoQ, +38% YoY); 순이익 1.14조 원(+1% QoQ, +1% YoY).
  • 신한카드: 매출은 전분기 대비 19% 증가한 1.75조 원이었으나, 영업이익이 전분기 대비 22% 감소하며 순이익은 전분기 대비 18%, 전년 동기 대비 42% 감소한 1,120억 원에 그쳤습니다.
  • 신한생명: 매출 2.23조 원(+28% QoQ, +31% YoY); 순이익 1,790억 원(+8% QoQ, +13% YoY).
그룹의 연간 이익 모멘텀은 주로 은행과 보험 부문이 견인하고 있으며, 카드 부문은 수익성에 부담을 주고 있습니다. 이번 공시는 Form 6-K로 감사인의 검토를 받을 예정입니다.

Shinhan Financial Group (SHG) a publié des résultats consolidés préliminaires solides pour le 2e trimestre 2025. Le chiffre d'affaires a bondi à 23,2 billions de KRW (+44% QoQ, +29% en glissement annuel) et le bénéfice net a atteint 1,58 billion de KRW (+4% QoQ, +9% en glissement annuel). Le résultat d'exploitation s'est amélioré de 4% QoQ pour atteindre 2,01 billions de KRW. La direction précise que ces chiffres sont non audités et susceptibles d'évoluer.

Les tendances des filiales ont divergé.

  • Shinhan Bank : Chiffre d'affaires de 15,5 billions de KRW (+60% QoQ, +38% en glissement annuel) ; bénéfice net de 1,14 billion de KRW (+1% QoQ, +1% en glissement annuel).
  • Shinhan Card : Le chiffre d'affaires a augmenté de 19% QoQ à 1,75 billion de KRW, mais le bénéfice net a chuté de 18% QoQ et de 42% en glissement annuel à 112 milliards de KRW en raison d'une contraction du résultat d'exploitation de 22% QoQ.
  • Shinhan Life : Chiffre d'affaires de 2,23 billions de KRW (+28% QoQ, +31% en glissement annuel) ; bénéfice net de 179 milliards de KRW (+8% QoQ, +13% en glissement annuel).
La dynamique annuelle des bénéfices du groupe est principalement portée par la banque et l'assurance, tandis que la division cartes pèse sur la rentabilité. Le document est un formulaire 6-K et sera examiné par des auditeurs.

Shinhan Financial Group (SHG) veröffentlichte solide vorläufige konsolidierte Ergebnisse für das 2. Quartal 2025. Der Umsatz stieg auf 23,2 Billionen KRW (+44% QoQ, +29% im Jahresvergleich) und der Nettogewinn erreichte 1,58 Billionen KRW (+4% QoQ, +9% im Jahresvergleich). Das Betriebsergebnis verbesserte sich um 4% QoQ auf 2,01 Billionen KRW. Das Management weist darauf hin, dass die Zahlen ungeprüft sind und sich noch ändern können.

Die Trends der Tochtergesellschaften verliefen unterschiedlich.

  • Shinhan Bank: Umsatz 15,5 Billionen KRW (+60% QoQ, +38% im Jahresvergleich); Nettogewinn 1,14 Billionen KRW (+1% QoQ, +1% im Jahresvergleich).
  • Shinhan Card: Umsatz stieg um 19% QoQ auf 1,75 Billionen KRW, aber der Nettogewinn fiel um 18% QoQ bzw. 42% im Jahresvergleich auf 112 Milliarden KRW, da das Betriebsergebnis um 22% QoQ schrumpfte.
  • Shinhan Life: Umsatz 2,23 Billionen KRW (+28% QoQ, +31% im Jahresvergleich); Nettogewinn 179 Milliarden KRW (+8% QoQ, +13% im Jahresvergleich).
Das jährliche Gewinnwachstum der Gruppe wird hauptsächlich von den Bereichen Bank und Versicherung getragen, während die Kartensparte die Rentabilität belastet. Die Meldung ist ein Formular 6-K und wird von Wirtschaftsprüfern geprüft.

Positive
  • Group revenue up 29% YoY, indicating strong top-line momentum across core segments.
  • Consolidated net income increased 9% YoY, setting a new quarterly high.
  • Insurance unit (Shinhan Life) delivered 13% YoY profit growth, enhancing earnings diversification.
Negative
  • Shinhan Card net income fell 42% YoY and 18% QoQ, materially dragging consolidated growth.
  • Figures are preliminary and unaudited, creating potential revision risk before final release.

Insights

TL;DR: Strong group growth, card weakness tempers upside; overall neutral-positive.

Group revenue and earnings rose high single digits YoY, reflecting widening net interest margins and solid insurance contributions. Banking profits plateaued as credit costs likely stabilized, but +38% revenue growth indicates robust loan expansion or repricing. Card’s 42% YoY profit drop is material, signalling higher funding costs or credit losses; it shaved roughly 2 pp off group net‐income growth. Life insurance continues mid-teens earnings growth, supporting diversification. Because numbers are unaudited, investors should await final figures, yet directionally results suggest SHG is tracking toward another record year unless card trends worsen.

TL;DR: Banking engine healthy; card division risk warrants monitoring.

Bank revenue surge (+60% QoQ) hints at trading/FX gains and higher fee income; limited net-income lift (+1% YoY) implies elevated loan-loss provisions or cost accruals. Life segment’s double-digit growth offsets this. Card profit slide is concerning, mirroring sector-wide consumer credit pressure in Korea. Still, consolidated RoE likely remains above peers. Impact classified neutral as positives and negatives balance out and guidance absent.

Shinhan Financial Group (SHG) ha registrato preliminarmente solidi risultati consolidati per il 2Q 2025. I ricavi sono saliti a 23,2 trilioni di KRW (+44% QoQ, +29% YoY) e l'utile netto ha raggiunto 1,58 trilioni di KRW (+4% QoQ, +9% YoY). Il reddito operativo è migliorato del 4% QoQ a 2,01 trilioni di KRW. La direzione segnala che i dati sono non revisionati e potrebbero subire variazioni.

Le performance delle controllate sono state divergenti.

  • Shinhan Bank: Ricavi per 15,5 trilioni di KRW (+60% QoQ, +38% YoY); utile netto 1,14 trilioni di KRW (+1% QoQ, +1% YoY).
  • Shinhan Card: Ricavi aumentati del 19% QoQ a 1,75 trilioni di KRW, ma l'utile netto è calato del 18% QoQ e del 42% YoY a 112 miliardi di KRW, a causa di un calo del reddito operativo del 22% QoQ.
  • Shinhan Life: Ricavi per 2,23 trilioni di KRW (+28% QoQ, +31% YoY); utile netto 179 miliardi di KRW (+8% QoQ, +13% YoY).
La crescita annuale del gruppo è principalmente trainata dal settore bancario e assicurativo, mentre la divisione carte incide negativamente sulla redditività. La comunicazione è un modulo 6-K e sarà soggetta a revisione da parte degli auditor.

Shinhan Financial Group (SHG) presentó resultados preliminares consolidados sólidos para el 2T 2025. Los ingresos aumentaron a 23,2 billones de KRW (+44% QoQ, +29% interanual) y la utilidad neta alcanzó 1,58 billones de KRW (+4% QoQ, +9% interanual). El ingreso operativo mejoró un 4% QoQ hasta 2,01 billones de KRW. La gerencia señala que las cifras son no auditadas y pueden cambiar.

Las tendencias de las subsidiarias fueron divergentes.

  • Shinhan Bank: Ingresos de 15,5 billones de KRW (+60% QoQ, +38% interanual); utilidad neta de 1,14 billones de KRW (+1% QoQ, +1% interanual).
  • Shinhan Card: Los ingresos aumentaron un 19% QoQ a 1,75 billones de KRW, pero la utilidad neta cayó un 18% QoQ y un 42% interanual a 112 mil millones de KRW, debido a una contracción del ingreso operativo del 22% QoQ.
  • Shinhan Life: Ingresos de 2,23 billones de KRW (+28% QoQ, +31% interanual); utilidad neta de 179 mil millones de KRW (+8% QoQ, +13% interanual).
El impulso de ganancias interanual del grupo está impulsado principalmente por la banca y los seguros, mientras que la división de tarjetas afecta la rentabilidad. El informe es un Formulario 6-K y será revisado por auditores.

신한금융그룹(SHG)은 2025년 2분기 연결 잠정 실적을 견고하게 발표했습니다. 매출은 23.2조 원으로 전분기 대비 44%, 전년 동기 대비 29% 증가했으며, 순이익은 1.58조 원으로 전분기 대비 4%, 전년 동기 대비 9% 증가했습니다. 영업이익은 전분기 대비 4% 증가한 2.01조 원입니다. 경영진은 수치가 감사 전 잠정치이며 변경될 수 있다고 밝혔습니다.

자회사별 실적은 엇갈렸습니다.

  • 신한은행: 매출 15.5조 원(+60% QoQ, +38% YoY); 순이익 1.14조 원(+1% QoQ, +1% YoY).
  • 신한카드: 매출은 전분기 대비 19% 증가한 1.75조 원이었으나, 영업이익이 전분기 대비 22% 감소하며 순이익은 전분기 대비 18%, 전년 동기 대비 42% 감소한 1,120억 원에 그쳤습니다.
  • 신한생명: 매출 2.23조 원(+28% QoQ, +31% YoY); 순이익 1,790억 원(+8% QoQ, +13% YoY).
그룹의 연간 이익 모멘텀은 주로 은행과 보험 부문이 견인하고 있으며, 카드 부문은 수익성에 부담을 주고 있습니다. 이번 공시는 Form 6-K로 감사인의 검토를 받을 예정입니다.

Shinhan Financial Group (SHG) a publié des résultats consolidés préliminaires solides pour le 2e trimestre 2025. Le chiffre d'affaires a bondi à 23,2 billions de KRW (+44% QoQ, +29% en glissement annuel) et le bénéfice net a atteint 1,58 billion de KRW (+4% QoQ, +9% en glissement annuel). Le résultat d'exploitation s'est amélioré de 4% QoQ pour atteindre 2,01 billions de KRW. La direction précise que ces chiffres sont non audités et susceptibles d'évoluer.

Les tendances des filiales ont divergé.

  • Shinhan Bank : Chiffre d'affaires de 15,5 billions de KRW (+60% QoQ, +38% en glissement annuel) ; bénéfice net de 1,14 billion de KRW (+1% QoQ, +1% en glissement annuel).
  • Shinhan Card : Le chiffre d'affaires a augmenté de 19% QoQ à 1,75 billion de KRW, mais le bénéfice net a chuté de 18% QoQ et de 42% en glissement annuel à 112 milliards de KRW en raison d'une contraction du résultat d'exploitation de 22% QoQ.
  • Shinhan Life : Chiffre d'affaires de 2,23 billions de KRW (+28% QoQ, +31% en glissement annuel) ; bénéfice net de 179 milliards de KRW (+8% QoQ, +13% en glissement annuel).
La dynamique annuelle des bénéfices du groupe est principalement portée par la banque et l'assurance, tandis que la division cartes pèse sur la rentabilité. Le document est un formulaire 6-K et sera examiné par des auditeurs.

Shinhan Financial Group (SHG) veröffentlichte solide vorläufige konsolidierte Ergebnisse für das 2. Quartal 2025. Der Umsatz stieg auf 23,2 Billionen KRW (+44% QoQ, +29% im Jahresvergleich) und der Nettogewinn erreichte 1,58 Billionen KRW (+4% QoQ, +9% im Jahresvergleich). Das Betriebsergebnis verbesserte sich um 4% QoQ auf 2,01 Billionen KRW. Das Management weist darauf hin, dass die Zahlen ungeprüft sind und sich noch ändern können.

Die Trends der Tochtergesellschaften verliefen unterschiedlich.

  • Shinhan Bank: Umsatz 15,5 Billionen KRW (+60% QoQ, +38% im Jahresvergleich); Nettogewinn 1,14 Billionen KRW (+1% QoQ, +1% im Jahresvergleich).
  • Shinhan Card: Umsatz stieg um 19% QoQ auf 1,75 Billionen KRW, aber der Nettogewinn fiel um 18% QoQ bzw. 42% im Jahresvergleich auf 112 Milliarden KRW, da das Betriebsergebnis um 22% QoQ schrumpfte.
  • Shinhan Life: Umsatz 2,23 Billionen KRW (+28% QoQ, +31% im Jahresvergleich); Nettogewinn 179 Milliarden KRW (+8% QoQ, +13% im Jahresvergleich).
Das jährliche Gewinnwachstum der Gruppe wird hauptsächlich von den Bereichen Bank und Versicherung getragen, während die Kartensparte die Rentabilität belastet. Die Meldung ist ein Formular 6-K und wird von Wirtschaftsprüfern geprüft.

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

———————————

 

FORM 6-K

———————————

 

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the Month of July 2025

 

Commission File Number: 001-31798

 

———————————

 

SHINHAN FINANCIAL GROUP CO., LTD.

(Translation of registrant's name into English)

 

———————————

 

20, Sejong-daero 9-gil, Jung-gu, Seoul 04513, Korea
(Address of principal executive offices)

 

———————————

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F Form 40-F

 

 

 

 


2Q2025 Preliminary Operating Results of Shinhan Financial Group

On July 25, 2025, Shinhan Financial Group released its preliminary operating results for 2Q 2025.

The following tables reflect the key figures we announced through a fair disclosure. The full IR presentation materials are available at our website (www.shinhangroup.com).

 

The financial information in this report has been prepared in accordance with Korean International Financial Reporting Standards and is to be reviewed by our independent auditor. As figures provided have not yet been fully reviewed by our independent auditor, contents are subject to change in the due course of the reviewing process.

 

 

1. Preliminary Operating Results of Shinhan Financial Group (consolidated)

 

 

 

 

(KRW million)

Item

2Q 2025

1Q 2025

QoQ Change (%)

2Q 2024

YoY Change (%)

Revenue*

Specified Quarter

23,224,017

16,116,039

44.10

17,971,913

29.22

Cumulative

39,340,056

16,116,039

-

38,094,126

3.27

Operating Income

Specified Quarter

2,014,257

1,944,214

3.60

1,852,543

8.73

Cumulative

3,958,471

1,944,214

-

3,920,779

0.96

Income before Income Taxes

Specified Quarter

2,072,124

2,005,558

3.32

1,871,439

10.72

Cumulative

4,077,682

2,005,558

-

3,661,944

11.35

Net Income

Specified Quarter

1,577,234

1,517,046

3.97

1,450,986

8.70

Cumulative

3,094,280

1,517,046

-

2,798,815

10.56

Net Income Attributable to Controlling Interest

Specified Quarter

1,549,053

1,488,346

4.08

1,425,479

8.67

Cumulative

3,037,399

1,488,346

-

2,747,011

10.57

* Represents the sum of interest revenues, fees and commissions revenues, and other operating revenues

 


2. Preliminary Operating Results of Shinhan Bank (consolidated)

 

 

 

 

(KRW million)

Item

2Q 2025

1Q 2025

QoQ Change (%)

2Q 2024

YoY Change (%)

Revenue*

Specified Quarter

15,495,332

9,690,434

59.90

11,189,259

38.48

Cumulative

25,185,766

9,690,434

-

23,849,116

5.60

Operating Income

Specified Quarter

1,471,353

1,460,133

0.77

1,351,723

8.85

Cumulative

2,931,486

1,460,133

-

2,848,582

2.91

Income before Income Taxes

Specified Quarter

1,479,398

1,478,556

0.06

1,415,558

4.51

Cumulative

2,957,954

1,478,556

-

2,636,256

12.20

Net Income

Specified Quarter

1,138,961

1,128,284

0.95

1,124,946

1.25

Cumulative

2,267,245

1,128,284

-

2,053,795

10.39

Net Income Attributable to Controlling Interest

Specified Quarter

1,138,742

1,128,073

0.95

1,124,845

1.24

Cumulative

2,266,815

1,128,073

-

2,053,460

10.39

* Represents the sum of interest revenues, fees and commissions revenues, and other operating revenues

 


3. Preliminary Operating Results of Shinhan Card (consolidated)

 

 

 

(KRW million)

Item

2Q 2025

1Q 2025

QoQ Change (%)

2Q 2024

YoY Change (%)

Revenue*

Specified Quarter

1,752,588

1,469,158

19.29

1,547,150

13.28

Cumulative

3,221,746

1,469,158

-

3,069,040

4.98

Operating Income

Specified Quarter

138,923

178,390

-22.12

247,444

-43.86

Cumulative

317,314

178,390

-

484,492

-34.51

Income before Income Taxes

Specified Quarter

139,946

180,538

-22.48

249,211

-43.84

Cumulative

320,484

180,538

-

489,297

-34.50

Net Income

Specified Quarter

112,387

136,878

-17.89

195,149

-42.41

Cumulative

249,265

136,878

-

380,796

-34.54

Net Income Attributable to Controlling Interest

Specified Quarter

110,937

135,702

-18.25

194,278

-42.90

Cumulative

246,640

135,702

-

379,333

-34.98

* Represents the sum of interest revenues, fees and commissions revenues, and other operating revenues

 


4. Preliminary Operating Results of Shinhan Life (consolidated)

 

 

 

(KRW million)

Item

2Q 2025

1Q 2025

QoQ Change (%)

2Q 2024

YoY Change (%)

Revenue*

Specified Quarter

2,234,585

1,745,742

28.00

1,707,231

30.89

Cumulative

3,980,327

1,745,742

-

3,589,718

10.88

Operating Income

Specified Quarter

235,933

231,374

1.97

218,114

8.17

Cumulative

467,307

231,374

-

435,255

7.36

Income before Income Taxes

Specified Quarter

231,847

223,511

3.73

217,212

6.74

Cumulative

455,358

223,511

-

430,729

5.72

Net Income

Specified Quarter

179,176

165,172

8.48

158,715

12.89

Cumulative

344,348

165,172

-

312,907

10.05

Net Income Attributable to Controlling Interest

Specified Quarter

179,176

165,172

8.48

158,715

12.89

Cumulative

344,348

165,172

-

312,907

10.05

* Represents the sum of ‘insurance revenues’ and ‘insurance finance income and investment income’.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

 

 

 

 

 

 

 

 

Shinhan Financial Group Co., Ltd.

 

 

(Registrant)

 

 

 

 

    Date: July 25, 2025

 

By:

/s/ CHUN Sang Yung

 

 

 

 

 

 

Name: CHUN Sang Yung

 

 

Title: Chief Financial Officer

 

 


FAQ

What was Shinhan Financial Group's 2Q 2025 net income?

KRW 1.58 trillion, up 4% QoQ and 9% YoY.

How did Shinhan Bank perform in 2Q 2025?

Revenue rose 38% YoY to KRW 15.5 tn; net income was KRW 1.14 tn, nearly flat YoY.

Why is Shinhan Card a concern for SHG investors?

Card division net income fell 42% YoY, reflecting margin compression and possible credit cost pressure.

Are these results audited?

No. The filing states the numbers are preliminary and subject to auditor review.

What accounting standards does SHG use?

Financials are prepared under Korean International Financial Reporting Standards (K-IFRS).
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