Sino (XTP) H1 23/24 earnings summary

Executive summary

• Focus on high-end brokerage for active traders, with a clear strategy targeting this segment.

• Significant investments in fintech and trading-related companies, including Trade Republic and QUIN Technologies.

• Ongoing cooperation with Baader Bank to strengthen core business and optimize processes.

• Active marketing initiatives, including new campaigns and partnerships, to drive customer growth.

Financial highlights

• Consolidated revenues rose to €3.3 million in H1 2023/2024, up from €2.6 million year-over-year.

• Net commission income increased by 33% to €3.2 million compared to €2.4 million in the prior year.

• Result from ordinary activities improved to -€348k from -€1.064 million year-over-year.

• Consolidated net loss for the period was €238k, compared to a loss of €759k in the previous year.

• Cost-income ratio improved to 1.1 from 1.4 year-over-year.

Outlook and guidance

• Full-year consolidated net result expected between €0 and -€1.4 million after taxes, unchanged from previous guidance.

• Management aims to return to sustainable profitability through customer acquisition and product expansion.

• Target to double customer base in coming years, supported by marketing and new partnerships.