Tradegate (T2G) H1 2026 earnings summary

Executive summary

• Transaction volume rose 15.0% year-over-year to €281 billion in H1 2026, with transaction count up 31.7% to 47,497,913 trades.

• Net income increased 64.2% year-over-year to €46.1 million, driven by higher market volatility and improved margins.

• Earnings per share rose to €1.89 from €1.15 year-over-year.

• Workforce stood at 173 as of June 30, 2026, down by one from year-end 2025.

• Achieved an exceptionally strong first half of 2026, driven by increased trading activity and market volatility.

Financial highlights

• Operating income (Ergebnis der normalen Geschäftstätigkeit) grew 63.7% year-over-year to €66.1 million.

• Cost/income ratio improved to 49.3% from 63.7% year-over-year.

• Equity ratio increased to 52.27% from 47.23% year-over-year.

• Balance sheet total rose 16.8% to €480.4 million compared to December 2025.

• Net trading income accounted for 98.32% of gross income.

Outlook and guidance

• Comparable transaction and revenue growth expected in early H2 2026; Q4 growth to slow due to strong prior-year base.

• Full-year 2026 results anticipated to surpass 2025 records in both transaction count and trading volume.

• No extraordinary new risks expected for H2 2026.

• Moderate turnover growth of 12% year-over-year continued in the first six weeks of H2 2026.