[Public Notice+] Toss Last Year Revenue 389.8 Billion KRW, Up 230% YoY... Deficit Also Decreased by 37%

Toss Core Service Deficit Decreases by 80%... Aiming for 1 Trillion KRW Revenue This Year

[Asia Economy Reporter Minwoo Lee] Toss recorded nearly 400 billion KRW in sales last year while reducing its deficit by almost half. This year, the company plans to aim for 1 trillion KRW in sales through the expansion of new businesses.

According to the Financial Supervisory Service's electronic disclosure system on the 6th, Viva Republica, the operator of the mobile financial platform 'Toss,' posted consolidated sales of 389.8 billion KRW and an operating loss of 72.5 billion KRW last year. Compared to the previous year, sales increased by 230%, and operating losses decreased by 37%. The operating loss from the core Toss service alone was 22.4 billion KRW, a sharp decline of about 80% from 115.4 billion KRW the previous year. This is the first time since the service launch in 2015 that Toss has achieved both annual sales growth and profit improvement simultaneously. A Viva Republica official explained, "This confirms the platform's capability to continue growing despite reducing marketing expenses by more than half."

So far, Toss has doubled its sales every year over the past five years. The compound annual growth rate (CAGR) of sales over the last three years reached 167%. This year, the company is aiming to achieve 1 trillion KRW in sales through the full-scale growth of new businesses.

Last year, Toss acquired the payment business from LG Uplus and established Toss Payments. It also invested a total of 189 billion KRW in new businesses of major affiliates such as Toss Securities, Toss Bank (tentative name), Toss Insurance, and Toss Vietnam.

The number of users is steadily increasing as well. As of the end of last month, Toss users reached 19 million. Customers who have registered their own accounts or cards for asset management number 9.9 million. The cumulative number of registered cards exceeded 25 million, and the cumulative number of linked accounts surpassed 23 million.

Lee Seung-geon, CEO of Viva Republica, stated, "Compared to competitors, we have an advantage not only in sales scale but also in the qualitative aspect of sales, showing balanced growth across all financial sectors rather than focusing on specific areas. This year, we expect consolidated sales to surpass 1 trillion KRW as the performance of affiliates, which are expected to grow significantly, is reflected."