On a TTM basis through 2026Q1, pre-tax profit is currently about 31.9bn, equivalent to a pre-tax margin of 7.8%, but headline durability remains more sensitive to revaluation. The revenue mix still leans mainly on trading at 61.7% after expanding by +29.2pp, while lending is at 35.1%; brokerage and services are still only 3.2% and have narrowed by 23.7pp, so diversification remains thin. On the balance sheet, Equity / Assets is 43.7% while Leverage is about 1.29x, indicating that buffers and funding are not yet truly roomy, but buffers have thinned while leverage has risen further.
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