Toss Securities Achieves Full-Year Target in H1 2024

Seoul, South Korea - Toss Securities, a South Korean financial firm, reported an operating profit of $22.3 million (KRW 30.6 billion) in the first half of 2024, meeting its full-year target. 

Key figures:

• Net profit: $25.1 million (KRW 34.3 billion)
• Revenue: $128 million (KRW 175.1 billion), up 81.6% year-over-year
• U.S. securities trading volume: up 96% year-over-year
• Domestic securities trading volume: up 38.7% year-over-year

Q2 2024 results:

• Operating profit: $13.4 million (KRW 18.3 billion)
• Net profit: $16.4 million (KRW 22.4 billion)

CEO Seungyeon Kim forecasts operating profit exceeding $43.9 million (KRW 60 billion) for H2 2024.

The company, launched in March 2021, reports 6.1 million customers and 3.2 million monthly active users as of July 2024.

Toss Securities plans to expand its product offerings to include U.S. bonds trading and has launched a PC-based Web Trading System.