Meritz Securities failed to join the annual 1 trillion won operating profit club.

Meritz Securities said in a filing on Tuesday that its 2025 consolidated operating profit and net profit stood at 788.3 billion won and 766.3 billion won, respectively.

Operating profit fell 25.3 percent from a year earlier, slipping out of the 1 trillion won club. Meritz Securities had returned to the club in 2024, based on operating profit, after 2 years away, but failed to keep the momentum.

Net profit rose 10.1 percent from a year earlier.

A Meritz Securities official said performance improved due to the repayment of existing deals based on quality assets and the closing of new big deals in the investment banking business. The official added that trading and wealth management also posted steady results, leading the growth trend.

The official also said the retail business focused on expanding the customer base and growing asset balances. The official added that customer numbers and client deposits rose quickly through efforts to improve its structure.

Meritz Securities' operating profit and net profit for the fourth quarter of last year were 86.7 billion won and 122.8 billion won, down 72.0 percent and 18.6 percent, respectively, from a year earlier.

Equity capital rose 18.3 percent to 8.17 trillion won at the end of 2025 from 6.90 trillion won at the end of 2024.