flatexDEGIRO SE · XETR:FTK
flatexDEGIRO — Q1 2026 Earnings Presentation
21 slides from flatexDEGIRO's earnings presentation, Apr 23, 2026
Slide 1: Interim Management Statement Q1/2026
Interim Management Statement Q1/2026 23 April 2026
Slide 2: Disclaimer
Interim Management Statement Q1/2026 Disclaimer Q 1 2026 – Unaudited Results This release contains unaudited information that is subject to change and that is not intended to be complete . Non -IFRS measures (APMs) This presentation includes non -IFRS measures . These measures are alternative perfor
Slide 3: Today's presenter
Today’s presenter Oliver Behrens Dr. Benon Janos Chief Executive Officer Chief Financial Officer
Slide 4: Today's agenda
Today’s agenda 1 CEO Remarks 2 Q1/2026 Results 3 Outlook 2026 4 Mid -term Guidance
Slide 5: CEO Remarks
CEO Remarks
Slide 6: 2026 off to a strong start with record Q1 results
Interim Management Statement Q1/2026 2026 off to a strong start with record Q1 results Settled Transactions increased by 17% YoY First new BPO client, Hamburg Commercial driven by elevated volatility - with now tougher Bank (HCOB), went live with comps ahead in April (“Liberation Day” in 2025) compr
Slide 7: Comprehensive product enhancements at flatex
Interim Management Statement Q1/2026 Comprehensive product enhancements at flatex • In February 2026, Stock Saving Plans with > 1,000 eligible shares were introduced at flatex (Germany & Austria) with commission of 1% • Onboarding for accounts for minors fully digitized in Q1 2026, laying the founda
Slide 8: Q1/2026 Performance
Q1/2026 Performance
Slide 9: Solid start to 2026 with resilient commercial performance
Interim Management Statement Q1/2026 Solid start to 2026 with resilient commercial performance Gross customer additions (k) Assets under Custody (bn EUR) Settled Transactions (m) -12% +25 % +17% +18% -1% +13% 22.7 139 95.5 94.5 20.2 123 91.9 19.5 17.9 17.7 83.5 103 104 75.8 100 Q1/2025 Q2/2025 Q3/20
Slide 10: Cash balances continue to increase in Q1 2026
Interim Management Statement Q1/2026 Cash balances continue to increase in Q1 2026 Securities (bn EUR) Cash (bn EUR) +24 % +38 % -1% +3% 89.3 88.1 86.3 6.4 6.2 78.4 5.6 71.1 5.1 4.6 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 10 Note: Rounding difference
Slide 11: Strong Net Cash Inflows of 3.1 bn EUR in Q1/2026 (+2% YoY)
Interim Management Statement Q1/2026 Strong Net Cash Inflows of 3.1 bn EUR in Q1/2026 (+2% YoY) Net Cash Inflows (bn EUR) 2024 2025 2026 8.1 • Strong Net Cash Inflows in Q1/2026, even slightly above already strong Q1 6.6 2025 • In Q1/2026, 98% of Net Cash Inflows got re - invested versus historic av
Slide 12: Double-digit Revenues growth, fueled by both Commission and Interest Income
Interim Management Statement Q1/2026 Double -digit Revenues growth, fueled by both, Commission and Interest Income Revenues (m EUR) Commission Income (m EUR) Interest Income (m EUR) +19% +18% +14% +16% +15% +10% 116 49 174 45 101 43 43 149 98 42 146 132 132 85 86 Q1/2025 Q2/2025 Q3/2025 Q4/2025 Q1/2
Slide 13: Solid Q1 2026 Commissions per Transaction
Interim Management Statement Q1/2026 Solid Q1 2026 Commissions per Transaction, as always underpinned by connectivity fees charged during the first quarter Commissions per Transaction (EUR) +1% 5.50 +2% 5.09 5.02 4.99 5.00 4.83 4.72 4.64 4.57 4.50 4.33 4.32 4.00 3.50 3.00 Q1/2024 Q2/2024 Q3/2024 Q4/
Slide 14: Operating expenses increase YoY driven by higher Marketing expenses in Q1 2026
Interim Management Statement Q1/2026 Operating expenses increase YoY driven by higher Marketing expenses in Q1 2026 Personnel expenses Marketing and advertising expenses Other administrative expenses (m EUR) (m EUR) (m EUR) 38 21 32 16 31 14 29 5 3 26 3 13 13 1 12 11 12 9 28 27 26 25 7 24 6 Q1/2025
Slide 15: Quarterly Net Income exceeds 50 million Euros for the first time
Interim Management Statement Q1/2026 Quarterly Net Income exceeds 50 million Euros for the first time EBITDA (m EUR) Net Income (m EUR) +26 % +28% +32 % +35 % 54 87 69 69 42 66 40 39 40 63 Q1/2025 Q2/2025 Q3/2025 Q4/2025 Q1/2026 Q1/2025 Q2/2025 Q3/2025 Q4/2025 Q1/2026 15
Slide 16: Outlook
Outlook 2026
Slide 17: Guidance for FY 2026 confirmed
Interim Management Statement Q1/2026 Guidance for FY 2026 confirmed Commission Income to grow: Interest Income to grow slightly: Cost base to increase: • Trading activity below 2025 • Average Cash -levels to grow • Stable personnel expenses, with current slightly below customer growth, personal expe
Slide 18: Mid-term Guidance
Mid -term Guidance
Slide 19: Ambition for 2027 reiterated
Interim Management Statement Q1/2026 Ambition for 2027 reiterated Accelerate topline growth: Deliver operational leverage: Close valuation gap to peers: • Constantly increase customer base • Increase share of recurring revenues • Deliver on commercial and financial goals and gradually improve tradin
Slide 20: Q&A Session
Q&A Session
Slide 21: Investor Relations Contact
Investor Relations Contact Achim Schreck Laura Hecker Head of IR and Corporate Communications Executive Director Investor Relations Mail: achim.schreck@flatexdegiro.com Mail: laura.hecker@flatexdegiro.com Mobile: +49 160 9277 4570 Mobile: +49 160 3064 404 flatexDEGIRO SE Address: Omniturm , Große Ga