Flow Traders Ltd
FLOW
ISIN BMG3602E1084 / Valor 124293790
Flow Traders Ltd
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About company
Flow Traders Ltd is a leading global financial technology-enabled liquidity provider, specializing in exchange-traded products (ETPs). The company operates trading hubs in Europe, the U.S., and Asia-Pacific, ensuring continuous liquidity provision across major exchanges and trading platforms worldwide. By leveraging advanced technology and sophisticated trading strategies, Flow Traders facilitates efficient and transparent trading, contributing to market stability and price discovery. The firm's operations are characterized by a focus on maintaining a robust trading infrastructure that supports its role as a key player in the global financial markets.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (08.03.2026):
Flow Traders Ltd 2Q 2025 results show a strong quarter: Net Trading Income of €143.4m (+80% y/y) and Total Income of €143.9m (+89% y/y), with Net Profit of €51.3m (+295% y/y) and EBITDA of €68.0m (+210% y/y). The firm reported higher trading activity (ETP Value Traded €492bn, +42% y/y), increased trading capital (€831m, +33% y/y) and a 75% return on average trading capital, alongside controlled operating expense guidance for the year.
Top-line and profitability
Flow Traders Ltd recorded 2Q 2025 Net Trading Income €143.4m and Total Income €143.9m. EBITDA was €68.0m (margin 47%) and Net Profit was €51.3m, driving basic EPS €1.18 and diluted EPS €1.16 — sizeable increases versus 2Q 2024.
Trading volumes — ETPs and overall
In 2Q 2025 ETP Value Traded was €492bn (+42% y/y). Total Flow Traders Value Traded was €1,692bn (+14% y/y), with notable growth in Market ETP activity overall (+50% y/y).
Costs and margin dynamics
Fixed operating expenses were €49.8m (+15% y/y) and Total Operating Expenses €76.0m (+40% y/y), driven by higher variable employee expenses. Despite higher costs EBITDA margin expanded to 47%. Full-year fixed operating expense guidance remains €190–210m.
Trading capital and returns
Trading Capital rose to €831m at end-2Q25 (+33% y/y, +4% q/q) and generated a 75% return on average trading capital (LTM basis), reflecting high capital efficiency in the quarter.
Regional performance
Revenue by region in 2Q 2025: Europe €78.7m (+62% y/y), Americas €30.2m (+125% y/y) and Asia €35.1m (+147% y/y). Management highlighted particularly strong activity growth in China and improved contributions across regions.
Balance sheet & headcount
Shareholders’ equity was €821m at end-2Q25 (up from €638m a year earlier). Headcount stood at 607 FTEs (versus 594 in 2Q24).
Leadership note
Flow Traders Ltd announced that Thomas Spitz is expected to join as CEO and Executive Director on 1 September 2025, subject to approvals; current CEO Mike Kuehnel commented on the company’s growth, digital assets progress and capital reinvestment strategy.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
1400 M
Market cap (USD)
106,054
Daily traded volume (Shares)
21.64 / 21.44
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
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EPS (USD)
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Ratings & reviews
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