flatexDEGIRO (FTK) Corporate presentation summary

Business overview and customer focus

• Operates in 16 European countries with 3.4 million customer accounts and over €90 billion in assets under custody as of FY 2024.

• Prioritizes customer needs, security, low-cost market access, and financial literacy, with a growing share of female and academically trained clients.

• Maintains a stable active customer base, with over 1 million active traders in Q4 2024 and a consistent trading activity of 20–25 trades per customer annually.

Financial performance and growth

• Achieved solid commercial and financial growth, with annual customer additions exceeding 400,000 and net cash inflows of €10 billion in 2024.

• Revenues and net income have shown strong upward trends, with 2025 guidance upgraded twice, now targeting €530–550 million in revenues and €150–160 million in net income (+34–43% YoY).

• Interest income growth supported by increased cash under custody and margin loan book expansion.

Strategic initiatives and operational efficiency

• Focused on increasing efficiency, reducing complexity, and harmonizing platforms after significant growth and regulatory challenges.

• Transitioned to a European SE structure and divested non-core credit portfolios, improving the NPL ratio.

• Aims to close the gap with peers in revenue and net income per employee through cost discipline and operational leverage.