Flow Traders Ltd

Latest Results (22.01.2026):

Flow Traders Ltd — 4Q 2024 (and FY 2024): Flow Traders reported a record fourth quarter with Total Income of €159.0m (4Q24) and delivered the second‑best fiscal year in its history with Total Income of €479.3m (FY2024). Net Trading Income jumped sharply to €153.8m in 4Q24 and €467.8m for FY2024, while trading capital and shareholders’ equity reached record year‑end levels of €775m and €766m, respectively.

Earnings surge

4Q24 Net Trading Income rose 112% YoY to €153.8m and Total Income rose 114% YoY to €159.0m. For FY2024 NTI was €467.8m (+56% YoY) and Total Income €479.3m (+58% YoY).

Profitability & EPS

EBITDA in 4Q24 was €82.1m (margin 52%) versus €11.8m in 4Q23; FY2024 EBITDA was €214.9m (45% margin) vs €67.5m in FY2023. Net profit in 4Q24 was €63.2m (basic EPS €1.47, diluted €1.42) and FY2024 net profit €159.5m (basic EPS €3.69, diluted €3.56).

Volumes & regional performance

Flow Traders’ ETP Value Traded in 4Q24 increased 13% YoY to €424bn (FY2024 €1,545bn, +5%). Total Flow Traders Value Traded in 4Q24 was €1,657bn (+14% YoY). Regionally, 4Q24 revenue growth was strongest in Asia (+295% YoY) and Europe (+104% YoY).

Trading capital, equity & returns

Trading capital was €775m at end‑4Q24 (up 33% YoY); shareholders’ equity €766m (up 31% YoY). Return on average trading capital was 69% in 4Q24 and FY2024; Return on Equity for FY2024 was 24% (vs 6% in FY2023).

Costs and FY2025 outlook

Fixed operating expenses in 4Q24 were €45.3m (+12% YoY) and total operating expenses €76.8m (+23% YoY) driven by higher variable compensation and tech costs. For FY2025 the company expects fixed operating expenses of €190–210m to support tech and targeted hires.

Strategic actions

Flow Traders continued its Trading Capital Expansion Plan (suspension of dividend and a bank term loan in 2Q24) to boost capacity; management will pursue further strategic debt financing. Portions of treasury shares will be reallocated to employee incentive plans. Headcount was 609 FTE at end‑4Q24.