Futu (FUTU) investor relations material

Executive summary

• Net new funded accounts grew by 252,000, up 23.7% year-over-year and 12.2% quarter-over-quarter, reaching 3.84 million total funded accounts, a 33.6% year-over-year increase, with strong international momentum, especially in Malaysia, Hong Kong, and Singapore.

• Total client assets reached HKD 1.4 trillion, up 43.6% year-over-year and 14.5% quarter-over-quarter, driven by higher market valuations and net inflows.

• Trading volume hit a record HKD 6.42 trillion, up 78.8% year-over-year and 54.6% quarter-over-quarter, led by U.S. stock activity and robust Hong Kong IPO participation.

• Wealth management client assets increased 10.4% year-over-year to HKD 180.2 billion, supported by equity fund growth.

• Expanded product offerings and geographic reach, including new licenses and virtual asset services in Hong Kong and Thailand.

Financial highlights

• Total revenue was HKD 7.2 billion, up 36% year-over-year.

• Brokerage commission and handling charge income rose 30% year-over-year to HKD 3.4 billion.

• Interest income increased 37% year-over-year to HKD 3.1 billion.

• Other income was HKD 718 million, up 61% year-over-year.

• Net income surged 41.6% year-over-year to HKD 3,641.9 million, with net income margin expanding to 50.6%.

Outlook and guidance

• Q3 to date shows modestly softer trends in key metrics due to market volatility, with net new funded accounts and trading volume down sequentially.

• Net asset inflows have normalized in Hong Kong and overseas markets.

• Continued focus on international business growth, product innovation, and client acquisition.

• Management highlighted ongoing international expansion and new licenses and services expected to drive further growth.

• Continued focus on diversifying client base and enhancing monetization in established and new markets.