Sino (XTP) H2 24/25 earnings summary

Executive summary

• Achieved a highly satisfactory fiscal year 2024/2025, expanding the product portfolio and increasing both customer and depot numbers.

• Orders processed rose by 66.8% year-over-year to 1,063,491, driven by volatile markets and active trading.

• Significant growth in key fintech investments, notably Trade Republic and Quin Technologies, with positive outlooks.

• Proposed dividend of €1.46 per share, with most of the annual profit to be distributed.

Financial highlights

• Total trading volume reached €58.2 billion; most traded stock was Rheinmetall AG.

• Provision income increased by 28.3% to €9.8 million; total revenues up 9.9% to €10.1 million.

• Administrative expenses rose 8.1% to €8.2 million; net income grew 13% to €1.0 million.

• Group equity ratio at 84.8%; balance sheet total €15.7 million.

Outlook and guidance

• Expectation of further earnings improvement in 2025/2026, supported by new customer acquisition and robust market conditions.

• Projected operating revenues between €11.1–13.4 million and costs between €9.2–10.7 million.

• Anticipated strong positive group result, with a one-time gain from the Trade Republic stake sale (~€38.4 million after tax).