Toss Securities Reports Q3 Operating Profit of 3.6 Billion KRW...Overseas Stock Fees Triple

Toss Securities announced on the 8th that it recorded an operating profit of 3.6 billion KRW in the third quarter. Although it succeeded in a turnaround compared to the previous quarter, it is still in a deficit on an annual cumulative basis due to poor performance in the first half of the year.

According to Toss Securities on the day, sales in the third quarter reached 55 billion KRW, and net profit was 3.5 billion KRW. Sales increased by 11.6% compared to the same period last year and grew by 17.2% compared to the previous quarter. Although it recorded an operating loss of 416 million KRW on an annual cumulative basis, the continued improvement in performance suggests that it is likely to achieve profitability by adding the fourth quarter results.

Toss Securities is particularly focusing on the fact that this performance improvement was achieved mainly through its retail business. Both domestic and overseas commission revenues rose together, driving the performance improvement. In particular, overseas stock commission revenue increased nearly threefold (193.9%) compared to the same period last year. During the same period, domestic stock commission revenue also grew steadily by 164%.

Currently, the number of Toss Securities customers is steadily increasing, exceeding 5.6 million. Monthly active users (MAU) have surpassed 3 million. MAU grew by more than 15% compared to the beginning of the year.

Seung-yeon Kim, CEO of Toss Securities, said, “In the era of 15 million stock investors, Toss Securities is proving that the future growth engine of securities firms can be found in the retail business sector. Already, one out of every five domestic stock investors visits Toss Securities every month, showing rapid growth.” He added, “Going forward, Toss Securities will continue to provide reliable services that customers can trust with their assets while focusing on improving performance.”

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