flatexDEGIRO (FTK) Corporate Presentation summary

Business overview and key metrics

• Operates in 16 European countries with 3.1 million customer accounts and over 63 million executed trades in 2024.

• Assets under custody exceeded €70 billion, with executed trade volume around €300 billion.

• Workforce of approximately 1,250 employees supports operations.

• Customer base is predominantly aged 23-49, with increasing female participation and high average assets per customer.

• Platforms consistently win industry awards for user experience and innovation.

Financial performance and growth

• Achieved record revenue of €480 million in 2024, a 23% increase year-over-year, surpassing previous highs.

• Net income reached record levels despite one-time costs, with a net income margin of 23%.

• Q1 2025 marked the strongest quarter ever, driven by market volatility and a 21% YoY increase in settled transactions.

• Customer acquisition costs reduced by 24% to €75, with assets under custody surpassing €70 billion.

• Interest income remained resilient due to increased cash holdings, though normalization is expected.

Customer activity and engagement

• Maintains the largest active customer base in the sector, with nearly 1 million trading in Q4 2024.

• Trading activity per customer stabilized at 20-25 trades annually over the past 2.5 years.

• Average commission per transaction increased by 8% in 2024, supported by price adjustments and product mix.

• Cash under custody grew 37% over three years, supporting interest income and margin loan growth.

• Customer growth CAGR of 14% over three years, outperforming most listed peers.