HS Holdings Co., Ltd.
Notice Regarding Hahn Bank’s 1Q FY2026 Earnings
In 1Q FY2026, Hahn Bank's interest income increased by 19.2%, while interest expense rose by 36.7%, resulting in a 4.9% decrease in net income.
Key Figures
- Interest income (Interest Revenue): 805,858 million Tugrug (19.2% increase YoY)
- Interest expense (Funding Costs): 478,012 million Tugrug (36.7% increase YoY)
- Net profit after taxes: 169,544 million Tugrug (4.9% decrease YoY)
AI要約
Earnings Overview
In the first quarter of the fiscal year ending December 2026 (January 1 to March 31, 2026), Hahn Bank saw growth in both corporate and personal loans driven by Mongolia’s robust economic conditions, pushing interest income up 19.2% YoY to 805,858 million Tugrug. Meanwhile, funding costs increased by 36.7% to 478,012 million Tugrug due to higher deposit balances and rising deposit interest rates. As a result, pre-tax net income decreased 9.4% YoY to 210,426 million Tugrug, and net income after taxes declined 4.9% to 169,544 million Tugrug, indicating revenue growth with profit reduction.
Financial Position and Outlook
On the balance sheet, total assets rose 5.8% from the previous year-end to 25,333,000 million Tugrug, and total liabilities increased 7.7% to 22,752,027 million Tugrug, while total equity decreased 8.6% to 2,580,973 million Tugrug. Both loans and deposits grew 22.6% and 26.2% respectively compared to the same period last year, reflecting continued business expansion alongside Mongolia’s economic growth. Note that these earnings are the standalone results of an equity-method affiliate, Hahn Bank, and will be reflected in HS Holdings’ consolidated financial statements as equity investment gains or losses.
Year-over-Year Comparison of Interest Income and Interest Expense (Million Tugrug)
Year-over-Year Comparison of Net Profit After Taxes (Million Tugrug)
Year-over-Year Comparison of Loans and Deposits (Million Tugrug)
Comparison of Major Balance Sheet Items from Prior Year-End (Million Tugrug)
Year-over-Year Comparison of Net Interest Income (Million Tugrug)
HS Holdings Co., Ltd.
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