Annual Revenue Reaches 202 Billion Won with 58.2% Increase Driven by Attracting 1 Million Customers
Toss Securities achieved a net profit of 1.53143 billion KRW last year (annual basis), successfully turning profitable. This is a milestone reached approximately three years after launching its customer service in March 2021.
Toss Securities announced on the 15th that during the same period, it recorded sales (operating revenue) of 202 billion KRW, a 58.2% increase compared to the previous year, and operating losses improved by 31.3 billion KRW to 900 million KRW in deficit.
In the first year of service launch, 2021, sales were only 8.6 billion KRW, but increased to 127.6 billion KRW in 2022, and reached 202 billion KRW last year.
The increase in domestic and international trading volume directly translated into commission revenue, driving performance improvement. This led to growth in trading users and corresponding deposited assets, with trading volume surging 66% domestically and 61% internationally compared to the previous year.
Toss Securities self-assessed that it improved both growth and profitability through marketing efforts. It successfully attracted about 1 million customers annually, increasing the number of subscribers to 5.7 million.
The number of customers visiting Toss Securities monthly also increased, with monthly active users (MAU) rising to 3 million, and the MAU of the ‘Community’ where users discuss stocks reached around 1.2 million. The number of monthly trading users also reached 1 million.
Seung-yeon Kim, CEO of Toss Securities, stated, "The growth story of Toss Securities, the first licensed securities firm in the mobile era, is just beginning," and expressed the ambition, "This year, we will go beyond stock trading to offer a diverse product lineup, providing investors with new experiences and value."
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