Toss Securities announced on the 14th that it recorded an operating profit of 29.6 billion KRW in the third quarter, marking an eightfold increase compared to the previous year.
Revenue increased by 117.9% year-on-year to 119.9 billion KRW, and net profit rose by 833% to 32.4 billion KRW.
The growth in the overseas stock brokerage segment, which has continued since last year, drove the overall performance improvement. Overseas stock commission revenue in the third quarter increased by 165.4% compared to the previous year, and grew 119.7% cumulatively for the first three quarters.
Profit from foreign exchange fees due to increased transaction volume also rose by 133.2% year-on-year, playing a key role in the performance growth.
In particular, this year Toss Securities not only saw an increase in the number of subscribers but also a rise in the number of customers making transactions at least once a month, leading to overall revenue improvement.
Kim Gyubin, CEO of Toss Securities, said, “Toss Securities is expanding its reach in the overseas stock trading sector, starting with customers in their 20s and 30s and extending to various age groups. We expect the natural improvement in performance through customer satisfaction to continue into the second half of the year.”
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