Earnings per share

12 Months Ended

Dec. 31, 2025

47.	Earnings per share

(a)

Basic and diluted earnings per share for the years ended December 31, 2023, 2024 and 2025 are as follows:


	2023			2024			2025
Profit attributable to equity holders of Shinhan Financial Group	W	4,368,035			4,450,177			4,971,561
Less:
Dividends to hybrid bond		(189,672	)		(176,945	)		(197,932	)

Profit attributable to ordinary shareholders	W	4,178,363			4,273,232			4,773,629

Weighted average number of ordinary shares outstanding (*)		519,207,776			506,231,595			486,484,485
Basic and diluted earnings per share in won	W	8,048			8,441			9,812

(*)

The number of ordinary shares

issued

is 485,494,934

shares as of December 31, 2025, and the above weighted-average number of shares outstanding has been calculated by reflecting the following: (i) the conversion of 17,482,000 convertible preferred shares issued on May 1, 2019 into ordinary shares on May 1, 2023, for the year ended December 31, 2023; and (ii) changes in treasury stock, including shares acquired and subsequently retired, for the years ended December 31, 2023, 2024 and 2025.

(b)

The calculation details of the weighted average number of ordinary shares outstanding for the years ended December 31, 2023, 2024 and 2025 are as follows:


	2023
	Number of shares			Accumulated number of shares
Number of ordinary shares issued		512,759,471			187,756,015,279
Number of convertible preferred shares		—			2,097,840,000
Number of treasury shares		(6,352	)		(343,017,080	)
Number of ordinary shares outstanding		512,753,119			189,510,838,199
Days					365 days
Weighted average number of ordinary shares outstanding					519,207,776


	2024
	Number of shares			Accumulated number of shares
Number of ordinary shares issued		503,445,325			186,347,761,912
Number of treasury shares		(4,585,561	)		(1,066,997,991	)
Number of ordinary shares outstanding		498,859,764			185,280,763,921
Days					366 days
Weighted average number of ordinary shares outstanding					506,231,595


	2025
	Number of shares			Accumulated number of shares
Number of ordinary shares issued		485,494,934			179,923,930,646
Number of treasury shares		(8,337,535	)		(2,357,093,621	)
Number of ordinary shares outstanding		477,157,399			177,566,837,025
Days					365 days
Weighted average number of ordinary shares outstanding					486,484,485