Toss Securities Achieves First Quarterly Profit Since Launch... 3Q Operating Profit of 2.2 Billion KRW

Achieved Profit Six Quarters After Launching MTS Service in March 2021
Q3 Sales of 49.2 Billion KRW... 1950% Growth YoY Driven by Overseas Stock Growth

[Asia Economy Reporter Lee Myunghwan] Toss Securities has achieved its first quarterly profit since its launch 1 year and 9 months ago. Following its first monthly profit recorded in August, it has now posted a profit on a quarterly basis as well.

Toss Securities announced on the 15th that its operating profit and net income for the third quarter of this year reached 2.2 billion KRW and 2.1 billion KRW, respectively. During the same period, revenue increased by 1950% year-on-year to 49.2 billion KRW. Compared to the previous quarter, this represents a 40% increase.

The overseas stock service accounted for about 30% of total revenue. Toss Securities explained that overseas stock sales have grown significantly each quarter since the service was launched in December last year, with 3.7 billion KRW in the first quarter, 10 billion KRW in the second quarter, and 13 billion KRW in the third quarter. During the same period, overseas stock trading volume also continued to increase, reaching 6.2 trillion KRW in the first quarter, 10.6 trillion KRW in the second quarter, and 13.5 trillion KRW in the third quarter.

Toss Securities also stated that the 'Stock Accumulation' service, launched in the first half of this year, contributed to the performance. Stock Accumulation is a service that allows customers to invest desired amounts in domestic and overseas stocks on a daily, weekly, or monthly basis, similar to installment investing. In just eight months since its launch, it has attracted over 200,000 customers. Toss Securities self-assessed that the service received positive responses from customers by offering a way to invest long-term in quality companies amid increased market volatility.

Toss Securities plans to continue its growth momentum in the remaining fourth quarter while focusing all efforts on strengthening service stability. By the end of the year, it aims to complete the dualization of overseas stock brokers and currency exchange banks to provide a reliable service that customers can trust and use.

A Toss Securities official said, "Despite the prolonged stock market downturn, we were able to achieve these results thanks to our customers who love Toss Securities' services," adding, "We will continue to focus on services that customers need and create a service that is the first to come to mind when investing."

Meanwhile, as of the end of last month, Toss Securities has 4.5 million customers. Monthly active users (MAU) have consistently remained above 2 million.

This content was produced with the assistance of AI translation services.