Smartbroker (SB1) Investor presentation summary

Strategic initiatives and product development

• Launch of Altersvorsorgedepot (AVD) retirement savings accounts planned for January 2027, pending IT and external provider progress.

• Product roadmap includes MCP, AI factory, data platform, and professional trader frontends.

• PFOF (payment for order flow) issue resolved, supporting regulatory compliance.

Financial performance and guidance

• Revenue and EBITDA are on track with internal plans for 2026.

• Customer numbers as of July 31 are about 30% below internal targets but are considered recoverable in Q4 2026.

• Announcement of AVD market entry expected within weeks, with potential guidance update.

Customer and marketing metrics

• Monthly new customer acquisition shows steady growth, with cumulative marketing cost per customer rising from €122 in Jan 2026 to €156 in Jul 2026.

• End-of-month customer count continues to increase, reflecting ongoing expansion.