Condensed Shinhan Financial Group (Parent Company only) Financial Statements

12 Months Ended

Dec. 31, 2025

Condensed Financial Information Disclosure [Abstract]

Condensed Shinhan Financial Group (Parent Company only) Financial Statements

54.	Condensed Shinhan Financial Group (Parent Company only) Financial Statements

CONDENSED STATEMENTS OF FINANCIAL POSITION


	2024		2025
Assets
Deposits
Banking subsidiaries	W	12		17
Other		151,131		2,572
Receivables from subsidiaries:
Non-banking subsidiaries		3,837,298		2,951,878
Investment (at equity) in subsidiaries:
Banking subsidiaries		13,797,222		13,797,222
Non-banking subsidiaries		16,826,429		16,926,483
Financial assets at FVTPL		2,552,750		3,160,174
Derivative assets		—		—
Property, equipment and intangible assets, net		12,997		11,947
Other assets
Banking subsidiaries		274,212		641,412
Non-banking subsidiaries		212,703		280,245
Other		7,549		21,877

Total assets	W	37,672,303		37,793,827

Liabilities and equity
Liabilities
Borrowings	W	19,914		9,975
Debt securities issued		10,731,336		10,457,205
Accrued expenses & other liabilities		572,878		991,187

Total liabilities		11,324,128		11,458,367

Equity		26,348,175		26,335,460

Total liabilities and equity	W	37,672,303		37,793,827

CONDENSED STATEMENTS OF PROFIT OR LOSS


	2023			2024			2025
Income
Dividends from banking subsidiaries	W	1,159,525			1,198,816			1,665,372
Dividends from non-banking subsidiaries		626,443			827,141			958,741
Interest income from banking subsidiaries		512			424			613
Interest income from non-banking subsidiaries		92,991			95,231			83,587
Other income		284,072			435,996			250,183

Total income		2,163,543			2,557,608			2,958,496

Expenses
Interest expense		(286,642	)		(334,798	)		(335,753	)
Other expense		(177,484	)		(591,058	)		(262,215	)

Total expenses		(464,126	)		(925,856	)		(597,968	)

Profit before income tax expense		1,699,417			1,631,752			2,360,528

Income tax expense (benefit)		28,406			11,885			(24,929	)

Profit for the year	W	1,671,011			1,619,867			2,385,457

CONDENSED STATEMENTS OF CASH FLOWS


	2023			2024			2025
Cash flows from operating activities
Profit for the year	W	1,671,011			1,619,867			2,385,457
Non-cash items included in profit for the year		(1,653,331	)		(1,634,252	)		(2,450,520	)
Changes in operating assets and liabilities		187,618			(338,522	)		(577,464	)
Net interest paid		(172,937	)		(228,642	)		(240,524	)
Dividend received from subsidiaries		1,783,758			2,025,368			2,624,048
Income tax paid		(640	)		792			(594	)

Net cash inflow from operating activities		1,815,479			1,444,611			1,740,403

Cash flows from investing activities
Net loan origination to non-banking subsidiaries		(11,277	)		435,696			905,193
Acquisition of investments in subsidiaries		11			(100,000	)		(100,054	)
Disposal of investments in subsidiaries		—			32,804			—
Other, net		(303,582	)		(152,174	)		(10,323	)

Net cash inflow (outflow) from investing activities		(314,848	)		216,326			794,816

Cash flows from financing activities
Issuance of hybrid bonds		897,646			797,867			797,870
Repayments of hybrid bonds		(1,195,550	)		(200,000	)		(650,000	)
Net changes in borrowings		201,713			(205,684	)		(10,300	)
Issuance of debt securities issued		2,253,173			1,836,934			2,738,224
Repayments of debt securities issued		(1,709,626	)		(1,770,000	)		(3,015,000	)
Convertible preferred stock conversion cost		(75	)		—			—
Dividend paid		(1,461,371	)		(1,267,146	)		(1,293,828	)
Acquisition of treasury stock		(486,919	)		(700,300	)		(1,250,001	)
Payment for disposal of treasury stock		—			297			—
Costs for retirement of treasury stock		(81	)		(102	)		(69	)
Redemption of lease liabilities		(1,708	)		(1,619	)		(731	)

Net cash outflow from financing activities		(1,502,798	)		(1,509,753	)		(2,683,835	)

Effect of exchange rate changes on cash and cash equivalents held		—			—			—

Increase (decrease) in cash and cash equivalents		(2,167	)		151,184			(148,616	)

Cash and cash equivalents at the beginning of the year		2,186			19			151,203

Cash and cash equivalents at the end of the year	W	19			151,203			2,587