Shinhan Financial Group Co., Ltd. (SHG) Financial Statements

Executive TeamFinancials
Shareholders

Shinhan Financial Group financial statements at a glance

Shinhan Financial Group reported revenue of 18.39 trillion KRW for fiscal year 2025 (ended December 31, 2025), up 4.7% from fiscal year 2024. Net income was 4.77 trillion KRW, a net margin of 26.0%, and diluted earnings per share were 9812.00 KRW.

At the end of fiscal year 2025 it had total assets of 786.01 trillion KRW, total liabilities of 725.64 trillion KRW and shareholders' equity of 57.96 trillion KRW, with cash of 41.39 trillion KRW and total debt of 141.59 trillion KRW.

Its operations brought in 9.73 trillion KRW of cash; capital spending was 637.07 billion KRW, leaving free cash flow of 9.09 trillion KRW.

The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.

Figures from company filings, in KRW; latest fiscal year ended December 31, 2025.

SHG logo

Shinhan Financial Group Co., Ltd.

SHGSouth Korea
Financial Services
KRW (Local)

Income Statement

Annual • KRW

Total Revenue
18.39T
Prev Year: 17.57T
YoY: +4.7%
Net Interest Income
11.69T
Prev Year: 11.40T
YoY: +2.6%
Interest Income
27.99T
Prev Year: 29.21T
YoY: -4.2%
Interest Expense
16.29T
Prev Year: 17.81T
YoY: -8.5%
Amortization of Intangibles
308.32B
Prev Year: 279.10B
YoY: +10.5%
Depreciation
1.00T
Prev Year: 1.02T
YoY: -1.2%
Selling General and Administrative
5.21T
Prev Year: 5.01T
YoY: +4.0%
Selling and Marketing Expense
319.85B
Prev Year: 315.28B
YoY: +1.4%
General and Administrative Expense
4.89T
Prev Year: 4.69T
YoY: +4.2%
Other General and Administrative
902.15B
Prev Year: 985.84B
YoY: -8.5%
Salaries and Wages
3.99T
Prev Year: 3.70T
YoY: +7.6%
Operating Revenue
18.39T
Other Noninterest Expense
2.88T
Prev Year: 2.80T
YoY: +2.8%
Special Income Charges
-41.26B
Prev Year: -211.70B
YoY: +80.5%
Provision for Credit Losses
-
Prev Year: -1.99T
Restructuring and Mergers Acquisition
-3.08B
Prev Year: 0
Impairment of Capital Assets
2.75B
Prev Year: 28.67B
YoY: -90.4%
Write-offs
58.71B
Prev Year: 53.31B
YoY: +10.1%
Pre-tax Income
6.93T
Prev Year: 6.03T
YoY: +14.9%
Non Interest Expense
-
Prev Year: 9.10T
Provision for Income Taxes
1.84T
Prev Year: 1.47T
YoY: +25.4%
Income from Associates and Other Participating Interests
-
Prev Year: -23.82B
Net Income Common Stockholders
4.77T
Prev Year: 4.27T
YoY: +11.7%
Net Income
4.97T
Prev Year: 4.45T
YoY: +11.7%
Net Income Including Non-Controlling Interests
5.08T
Prev Year: 4.56T
YoY: +11.5%
Net Income from Continuing Operations
5.08T
Prev Year: 4.56T
YoY: +11.5%
Noncontrolling Interests
-112.96B
Prev Year: -107.99B
YoY: -4.6%
Diluted NI Available to Com Stockholders
4.77T
Prev Year: 4.27T
YoY: +11.7%
Basic EPS
9.8K
Prev Year: 0
Diluted EPS
9.8K
Prev Year: 0
Weighted Average Shares (basic)
486.48M
Prev Year: 506.23M
YoY: -3.9%
Weighted Average Shares (diluted)
486.48M
Prev Year: 506.23M
YoY: -3.9%
Net Income from Continuing and Discontinued Operation
4.97T
Prev Year: 4.45T
YoY: +11.7%
Normalized Income
5.00T
Prev Year: 4.61T
YoY: +8.4%
Reconciled Depreciation
1.30T
Prev Year: 1.28T
YoY: +1.1%
Net Income from Continuing Operation Net Minority Interest
4.97T
Prev Year: 4.45T
YoY: +11.7%
Total Unusual Items Excluding Goodwill
-37.64B
Prev Year: -211.70B
YoY: +82.2%
Interest Income After Provision for Loan Loss
-
Prev Year: 9.41T
Rent Expense (supplemental)
-
Total Unusual Items
-37.64B
Prev Year: -211.70B
YoY: +82.2%
Tax Rate for Calcs
0.266
Prev Year: 0
Tax Effect of Unusual Items
-10.02B
Prev Year: -51.65B
YoY: +80.6%
Total Money Market Investments
-
Prev Year: 780.18B
Otherunder Preferred Stock Dividend
197.93B
Other Non-operating Income (expense)
-296.73B
Prev Year: -207.70B
YoY: -42.9%
Gain on Sale of Business
-6.76B
Prev Year: 4.71B
YoY: -243.4%
Other Special Charges
-23.88B
Prev Year: 134.43B
YoY: -117.8%
Gain on Sale of Securities
2.02T
Prev Year: 834.28B
YoY: +141.7%
Depreciation Amortization Depletion
1.31T
Prev Year: 1.30T
YoY: +1.3%
Depreciation and amortization
1.31T
Prev Year: 1.30T
YoY: +1.3%
Amortization
308.32B
Prev Year: 279.10B
YoY: +10.5%
Values in KRW

Shinhan Financial Group key figures by fiscal year

FY2025FY2024FY2023FY2022FY2021
Revenue18.4T KRW17.6T KRW17.0T KRW15.1T KRW21.8T KRW
Net income4.8T KRW4.3T KRW4.2T KRW4.5T KRW3.9T KRW
Diluted EPS9812.00 KRW0.00 KRW0.00 KRW0.00 KRW0.00 KRW
Total assets786.0T KRW739.8T KRW691.8T KRW664.4T KRW641.9T KRW
Total liabilities725.6T KRW680.9T KRW635.5T KRW611.0T KRW591.6T KRW
Shareholders' equity58.0T KRW56.1T KRW53.7T KRW50.7T KRW48.0T KRW
Cash41.4T KRW41.7T KRW35.8T KRW31.1T KRW29.0T KRW
Total debt141.6T KRW138.7T KRW126.5T KRW119.2T KRW123.3T KRW
Operating cash flow9.7T KRW4.6T KRW529.8B KRW7.2T KRW4.2T KRW
Capital spending637.1B KRW778.8B KRW716.2B KRW943.1B KRW890.2B KRW
Free cash flow9.1T KRW3.8T KRW-186.4B KRW6.2T KRW3.3T KRW

In KRW. Fiscal years as reported by the company; statements on this page go back to fiscal year 2014.

Questions and answers

What was Shinhan Financial Group's revenue in fiscal year 2025?

18.39 trillion KRW, up 4.7% from 17.57 trillion KRW in fiscal year 2024.

How much profit does Shinhan Financial Group make?

Shinhan Financial Group reported net income of 4.77 trillion KRW for fiscal year 2025 (26.0% of revenue).

How much cash and debt does Shinhan Financial Group have?

At the end of fiscal year 2025: cash of 41.39 trillion KRW and total debt of 141.59 trillion KRW.

What is Shinhan Financial Group's free cash flow?

9.09 trillion KRW in fiscal year 2025 (operating cash flow of 9.73 trillion KRW minus capital spending of 637.07 billion KRW).

Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.
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