Company: SHG
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001193125-25-089950
Chunk: 697

Company: SHINHAN FINANCIAL GROUP CO LTD
Filing Date: 2025-04-23
Form: 20-F
Chunk 697
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   |     |      | 2,557,608 |   |
| Expenses                                    |     |      |           |   |     |      |           |   |     |      |           |   |
| Interest expense                            |     |      |  (222,413 | ) |     |      |  (286,642 | ) |     |      |  (334,798 | ) |
| Other expense                               |     |      |  (367,015 | ) |     |      |  (177,484 | ) |     |      |  (591,058 | ) |
| Total expenses                              |     |      |  (589,428 | ) |     |      |  (464,126 | ) |     |      |  (925,856 | ) |
| Profit before income tax expense            |     |      | 1,220,916 |   |     |      | 1,699,417 |   |     |      | 1,631,752 |   |
| Income tax expense (benefit)                |     |      |   (28,335 | ) |     |      |    28,406 |   |     |      |    11,885 |   |
| Profit for the year                         |     |    W | 1,249,251 |   |     |      | 1,671,011 |   |     |      | 1,619,867 |   |

F-3 3 4

SHINHAN FINANCIAL GROUP CO., LTD. AND SUBSIDIARIES

Notes to the Consolidated Financial Statements

(In millions of won)

December 31, 2023 and 2024

| 53. | Condensed Shinhan Financial Group (Parent Company only) Financial Statements (continued) |

CONDENSED STATEMENTS OF CASH FLOWS

|                                                                   |     | 2022 |            |   |     | 2023 |            |   |     | 2024 |            |   |
| Cash flows from operating activities                              |     |      |            |   |     |      |            |   |     |      |            |   |
| Profit for the period                                             |     |    W |  1,249,251 |   |     |      |  1,671,011 |   |     |      |  1,619,867 |   |
| Non-c