Flow Traders Ltd

FLOW

Equity

ISIN BMG3602E1084 / Valor 124293790

Euronext - Euronext Amsterdam (2025-12-24)

EUR 24.76+0.57%

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: Finance

4Q24 headline results

Net Trading Income €153.8m and Total Income €159.0m in 4Q24 (up 112% and 114% vs 4Q23). EBITDA was €82.1m (EBITDA margin 52%), and net profit €63.2m (basic EPS €1.47). ETP Value Traded rose 13% YoY to €424bn in the quarter.

FY 2024 performance

Full‑year Net Trading Income €467.8m and Total Income €479.3m (up 56% and 58% vs FY23). FY EBITDA €214.9m (margin 45%), net profit €159.5m (basic EPS €3.69), more than four‑fold higher than FY23.

Trading capital, returns and equity

Trading Capital ended 4Q24 at a record €775m (up 33% vs 4Q23) and Shareholders’ Equity at €766m (up 31% vs 4Q23). Return on average trading capital was 69% for 4Q24 / FY2024 (vs 49% in 4Q23 / FY2023).

Volumes and regional trends

Flow Traders Value Traded was €1,657bn in 4Q24 (up 14% YoY) and €6,248bn for FY2024 (up 12% YoY). Regional revenue showed strong Asia growth in 4Q24 (Asia revenue €53.8m, +295% YoY) while Europe remained the largest region (€86.9m in 4Q24).

Costs and 2025 guidance

Fixed operating expenses in 4Q24 were €45.3m (up 12% YoY) and Total Operating Expenses €76.8m (up 23% YoY), driven mainly by higher variable compensation and tech spend. FY fixed operating expenses were €179.1m; guidance for FY2025 fixed operating expenses is €190–210m.

Capital expansion and capital allocation

The Trading Capital Expansion Plan (including suspension of dividends and use of a bank term loan) increased trading capital by €191m in 2024, enabling the firm to capture market dislocations. Portions of prior share buybacks will be reallocated to employee incentive plans.

Outlook and management commentary

Management expects continued investment in trading capital, technology and talent to capture growth opportunities (including digital assets and fixed income partnerships), while pursuing operational efficiencies and selective debt financing to support expansion. Summarized from source with an LLMView Source

Key figures

15.4%1Y

%3Y

%5Y

Performance

37.7%1Y

33.7%3Y

33.7%5Y

Volatility