KB Financial Group Inc.
Separate Statements of Financial Position
December 31, 2025 and 2024
| (In millions of Korean won) | Notes | December 31, 2025 |
December 31, 2024 |
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| Assets |
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| Cash and due from financial institutions |
4,5,6,29 | |||||||||||
| Financial assets at fair value through profit or loss |
4,5,7 | 1,251,607 | 1,243,471 | |||||||||
| Loans measured at amortized cost |
4,5,8 | 349,112 | 359,054 | |||||||||
| Investments in subsidiaries |
9 | 26,867,817 | 26,867,817 | |||||||||
| Property and equipment |
10 | 2,896 | 2,800 | |||||||||
| Intangible assets |
11 | 13,207 | 14,497 | |||||||||
| Net defined benefit assets |
17 | 3,058 | 2,902 | |||||||||
| Deferred income tax assets |
13 | 9,354 | 5,257 | |||||||||
| Other assets |
4,5,14 | 1,381,504 | 912,634 | |||||||||
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| Total assets |
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| Liabilities |
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| Borrowings |
4,5,15 | — | 965,000 | |||||||||
| Debentures |
4,5,16 | 4,520,297 | 2,962,032 | |||||||||
| Current income tax liabilities |
544,056 | 502,705 | ||||||||||
| Other liabilities |
4,5,18 | 853,551 | 388,528 | |||||||||
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| Total liabilities |
5,917,904 | 4,818,265 | ||||||||||
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| Equity |
19 | |||||||||||
| Share capital |
2,090,558 | 2,090,558 | ||||||||||
| Hybrid securities |
4,359,256 | 5,082,359 | ||||||||||
| Capital surplus |
14,751,591 | 14,754,475 | ||||||||||
| Accumulated other comprehensive loss |
(8,601 | ) | (8,316 | ) | ||||||||
| Retained earnings |
5,643,970 | 4,305,542 | ||||||||||
| Treasury shares |
(1,901,538 | ) | (1,236,060 | ) | ||||||||
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| Total equity |
24,935,236 | 24,988,558 | ||||||||||
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| Total liabilities and equity |
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The above separate statements of financial position should be read in conjunction with the accompanying notes.
1
KB Financial Group Inc.
Separate Statements of Comprehensive Income
Years Ended December 31, 2025 and 2024
| (In millions of Korean won, except per share amounts) | Notes | 2025 | 2024 | |||||||||
| Interest income |
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| Interest income from financial instruments at amortized cost |
28,534 | 35,860 | ||||||||||
| Interest income from financial instruments at fair value through profit or loss |
3,345 | 2,842 | ||||||||||
| Interest expense |
(118,080 | ) | (101,073 | ) | ||||||||
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| Net interest expense |
21 | (86,201 | ) | (62,371 | ) | |||||||
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| Fee and commission income |
2,134 | 2,213 | ||||||||||
| Fee and commission expense |
(9,068 | ) | (9,460 | ) | ||||||||
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| Net fee and commission expense |
22 | (6,934 | ) | (7,247 | ) | |||||||
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| Net gains (losses) on financial instruments at fair value through profit or loss |
23 | 76,649 | 91,892 | |||||||||
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| Net other operating income |
24 | 3,778,449 | 2,243,253 | |||||||||
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| General and administrative expenses |
25 | (102,905 | ) | (95,655 | ) | |||||||
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| Operating income before provision for credit losses |
3,659,058 | 2,169,872 | ||||||||||
| Provision (reversal) for credit losses |
56 | 773 | ||||||||||
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| Net operating income |
3,659,114 | 2,170,645 | ||||||||||
| Net non-operating income (expense) |
26 | (795 | ) | 10 | ||||||||
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| Profit before tax |
3,658,319 | 2,170,655 | ||||||||||
| Income tax benefit (expense) |
27 | (686 | ) | (58 | ) | |||||||
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| Profit for the period |
3,657,633 | 2,170,597 | ||||||||||
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| Items that will not be reclassified to profit or loss: |
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| Remeasurements of net defined benefit liabilities |
(285 | ) | (1,507 | ) | ||||||||
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| Other comprehensive income (loss) for the period, net of tax |
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(285 | ) | (1,507 | ) | |||||||
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| Total comprehensive income for the period |
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| Earnings per share |
28 | |||||||||||
| Basic earnings per share |
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| Diluted earnings per share |
9,364 | 5,142 | ||||||||||
The above separate statements of comprehensive income should be read in conjunction with the accompanying notes.
2
KB Financial Group Inc.
Separate Statements of Changes in Equity
Years Ended December 31, 2025 and 2024
| (In millions of Korean won) | Share capital | Hybrid securities |
Capital surplus | Accumulated other comprehensive income |
Retained earnings |
Treasury shares |
Total equity |
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| Balance as of January 1, 2024 |
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| Comprehensive income for the period |
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| Profit for the period |
— | — | — | — | 2,170,597 | — | 2,170,597 | |||||||||||||||||||||
| Remeasurements of net defined benefit liabilities |
— | — | — | (1,507 | ) | — | — | (1,507 | ) | |||||||||||||||||||
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| Total comprehensive income for the period |
— | — | — | (1,507 | ) | 2,170,597 | — | 2,169,090 | ||||||||||||||||||||
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| Transactions with shareholders |
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| Annual dividends |
— | — | — | — | (587,006 | ) | — | (587,006 | ) | |||||||||||||||||||
| Quarterly dividends |
— | — | — | — | (899,972 | ) | — | (899,972 | ) | |||||||||||||||||||
| Acquisition of treasury shares |
— | — | — | — | — | (820,000 | ) | (820,000 | ) | |||||||||||||||||||
| Disposal of treasury shares |
— | — | 3,975 | — | — | 234,600 | 238,575 | |||||||||||||||||||||
| Retirement of treasury shares |
— | — | — | — | (515,177 | ) | 515,177 | — | ||||||||||||||||||||
| Consideration for exchange right of exchangeable bonds |
— | — | (11,933 | ) | — | — | — | (11,933 | ) | |||||||||||||||||||
| Issuance of hybrid securities |
— | 399,045 | — | — | — | — | 399,045 | |||||||||||||||||||||
| Redemption of hybrid securities |
— | (349,204 | ) | — | — | — | — | (349,204 | ) | |||||||||||||||||||
| Dividends on hybrid securities |
— | — | — | — | (199,798 | ) | — | (199,798 | ) | |||||||||||||||||||
| Others |
— | — | 7,686 | — | — | — | 7,686 | |||||||||||||||||||||
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| Total transactions with shareholders |
— | 49,841 | (272 | ) | — | (2,201,953 | ) | (70,223 | ) | (2,222,607 | ) | |||||||||||||||||
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| Balance as of December 31, 2024 |
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| Balance as of January 1, 2025 |
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| Comprehensive income for the period |
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| Profit for the period |
— | — | — | — | 3,657,633 | — | 3,657,633 | |||||||||||||||||||||
| Remeasurements of net defined benefit liabilities |
— | — | — | (285 | ) | — | — | (285 | ) | |||||||||||||||||||
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| Total comprehensive income for the period |
— | — | — | (285 | ) | 3,657,633 | — | 3,657,348 | ||||||||||||||||||||
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| Transactions with shareholders |
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| Annual dividends |
— | — | — | — | (298,285 | ) | — | (298,285 | ) | |||||||||||||||||||
| Quarterly dividends |
— | — | — | — | (1,004,006 | ) | — | (1,004,006 | ) | |||||||||||||||||||
| Acquisition of treasury shares |
— | — | — | — | — | (1,480,000 | ) | (1,480,000 | ) | |||||||||||||||||||
| Retirement of treasury shares |
— | — | — | — | (814,522 | ) | 814,522 | — | ||||||||||||||||||||
| Issuance of hybrid securities |
— | 404,013 | — | — | — | — | 404,013 | |||||||||||||||||||||
| Redemption of hybrid securities |
— | (1,127,116 | ) | — | — | — | — | (1,127,116 | ) | |||||||||||||||||||
| Dividends on hybrid securities |
— | — | — | — | (202,392 | ) | — | (202,392 | ) | |||||||||||||||||||
| Others |
— | — | (2,884 | ) | — | — | — | (2,884 | ) | |||||||||||||||||||
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| Total transactions with shareholders |
— | (723,103 | ) | (2,884 | ) | — | (2,319,205 | ) | (665,478 | ) | (3,710,670 | ) | ||||||||||||||||
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| Balance as of December 31, 2025 |
4,359,256 | 14,751,591 | (8,601 | ) | 5,643,970 | (1,901,538 | ) | 24,935,236 | ||||||||||||||||||||
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The above separate statements of changes in equity should be read in conjunction with the accompanying notes.
3
KB Financial Group Inc.
Separate Statements of Cash Flows
Years Ended December 31, 2025 and 2024
| (In millions of Korean won) | ||||||||||||
| Notes | 2025 | 2024 | ||||||||||
| Cash flows from operating activities |
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| Profit for the period |
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| Adjustment for non-cash items |
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| Depreciation and amortization expense |
5,333 | 6,051 | ||||||||||
| Provision (reversal) for credit losses |
(56 | ) | (773 | ) | ||||||||
| Share-based payments |
19,195 | 14,998 | ||||||||||
| Net interest expense |
12,638 | 22,898 | ||||||||||
| Valuation losses (gains) on financial assets at fair value through profit or loss |
(6,323 | ) | (31,403 | ) | ||||||||
| Net other income (expense) |
2,652 | 2,216 | ||||||||||
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| 33,439 | 13,987 | |||||||||||
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| Changes in operating assets and liabilities |
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| Due from financial institutions |
80,000 | 60,000 | ||||||||||
| Deferred income tax assets |
(3,995 | ) | (413 | ) | ||||||||
| Other assets |
568,740 | 260,420 | ||||||||||
| Other liabilities |
(570,032 | ) | (297,859 | ) | ||||||||
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| 74,713 | 22,148 | |||||||||||
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| Net cash inflow from operating activities |
3,765,785 | 2,206,732 | ||||||||||
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| Cash flows from investing activities |
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| Acquisition of financial assets at fair value through profit or loss |
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— | (150,000 | ) | ||||||||
| Disposal of financial assets at fair value through profit of loss |
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— | 316,080 | |||||||||
| Acquisition of Subsidiaries |
— | (150,000 | ) | |||||||||
| Increase in loans measured at amortized cost |
— | (105,000 | ) | |||||||||
| Decrease in loans measured at amortized cost |
10,000 | 355,000 | ||||||||||
| Acquisition of property and equipment |
(1,606 | ) | (1,627 | ) | ||||||||
| Acquisition of intangible assets |
(1,643 | ) | (1,481 | ) | ||||||||
| Disposal of intangible assets |
134 | 173 | ||||||||||
| Net increase in guarantee deposits paid |
3,646 | 1,597 | ||||||||||
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| Net cash inflow from investing activities |
10,531 | 264,742 | ||||||||||
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| Cash flows from financing activities |
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| Increase in borrowings |
250,000 | 965,000 | ||||||||||
| Decrease in borrowings |
(1,215,000 | ) | (100,000 | ) | ||||||||
| Increase in debentures |
2,236,135 | 398,945 | ||||||||||
| Decrease in debentures |
(680,000 | ) | (1,075,000 | ) | ||||||||
| Redemption of principal of lease liabilities |
(619 | ) | (644 | ) | ||||||||
| Dividends paid to shareholders |
(1,302,291 | ) | (1,486,978 | ) | ||||||||
| Acquisition of treasury shares |
(1,480,000 | ) | (820,000 | ) | ||||||||
| Issuance of hybrid securities |
404,013 | 399,045 | ||||||||||
| Redemption of hybrid securities |
(1,130,000 | ) | (350,000 | ) | ||||||||
| Dividends paid on hybrid securities |
(202,392 | ) | (199,798 | ) | ||||||||
| Other financing activities |
32 | 10 | ||||||||||
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| Net cash outflow from financing activities |
(3,120,122 | ) | (2,269,420 | ) | ||||||||
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| Net increase in cash and cash equivalents |
656,194 | 202,054 | ||||||||||
| Cash and cash equivalents at the beginning of the period |
29 | 318,388 | 116,334 | |||||||||
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| Cash and cash equivalents at the end of the period |
29 | |||||||||||
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The above separate statements of cash flows should be read in conjunction with the accompanying notes.
4