Toss Securities Reports Q1 Net Profit of 64 Billion KRW, Up 437% Year-on-Year

Achieving Net Profit for Six Consecutive Quarters
Operating Revenue Reaches 156.9 Billion KRW, Setting a New Quarterly Record

Toss Securities announced on May 15 that its net profit for the first quarter of this year reached 64 billion KRW, representing more than a fivefold increase compared to the same period last year. With this, Toss Securities has achieved six consecutive quarters of profitability since turning a profit for the first time in the fourth quarter of 2023.

According to the company's electronic disclosure on the same day, operating revenue for the period increased by 96% to a record-high quarterly result of 156.9 billion KRW, while operating profit surged by 576% to 83.2 billion KRW.

The notable highlight of these results is the growth in the overseas stock brokerage segment. In the first quarter, Toss Securities' overseas stock trading volume increased by 208% compared to the same period last year.

As a result of the increased trading volume, trading commission income and foreign exchange commission income rose by 206% and 155%, respectively, compared to the previous year, serving as major drivers of performance growth.

Kim Kyubin, CEO of Toss Securities, stated, "In the second half of the year, Toss Securities plans to introduce a variety of new services to expand investor portfolios and diversify our business. We will enhance the convenience and stability of our services so that our customers can use Toss Securities with even greater satisfaction."

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