iM Financial Group said on Thursday that its 2025 net profit attributable to controlling shareholders rose 106.6 percent from a year earlier to 443.9 billion won, citing its earnings release.

The group’s net profit more than doubled as loan-loss provision expenses fell sharply in 2025. It said it had proactively set aside allowances for PF-related credit losses at securities firms in 2024 and strengthened asset quality and soundness management across all subsidiaries.

The group’s estimated common equity tier 1 (CET1) ratio also improved sharply, rising 0.39 percentage points from a year earlier to 12.11 percent, it said.

By subsidiary, iM Bank, the group’s main unit, posted 2025 net profit of 389.5 billion won, up 6.7 percent from a year earlier.

Despite margin pressure from a policy rate cut, net interest income has been recovering after bottoming in the first quarter of 2025 on loan growth management focused on high-quality credit, it said. The credit cost ratio improved to 0.50 percent, down 0.09 percentage points from a year earlier.

iM Securities, which recorded losses for five consecutive quarters through the fourth quarter of 2024, posted profit in every quarter of 2025 and generated cumulative net profit of 75.6 billion won. It was analysed as reflecting the effectiveness of last year’s strategy of making proactive provisions.

iM Life and iM Capital posted cumulative net profit of 20.9 billion won and 54.0 billion won, respectively.

iM Capital, whose credit rating was upgraded to AA- from A+ in the second half of 2025, became a key growth driver for the group, posting 28.9 percent asset growth and a 60.7 percent improvement in profit from a year earlier.