Flow Traders Ltd (FLTLF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, welcome to the Flow Traders first quarter 2026 Trading Update conference call. For the first part of the call, the participants will be in listen-only mode. Afterwards, there will be question and answer session. If you wish to ask a question, please press pound key 5 on your telephone keypad. You may also submit written questions via the form at the bottom of the player. I would now like to hand over the call over to Dictators. Please go ahead. Thank you. Good morning and thank you for joining FlowTrader's first quarter 2026 trading update presentation. As you may have seen, we published our trading update earlier this morning. I'm joined today by our CEO, Thomas Spitz, and our co-chief trading officer, Alex Stift, who will take you through the results. After our prepared remarks, we will be happy to take any questions you may have. Before we begin, let me draw your attention to the disclaimer on page two. As always, this presentation is for information purposes only. Any results will be discussed and audited. I will now hand over to Thomas for the trading update snapshot. Thank you, Dick, and good morning, everyone. Let me start with a high-level overview of our quarter one performance. We delivered a strong first quarter, resulting in a net profit of 50.4 million euros and EPS of 1.15 euros. Our ETP value traded increased 27% year-on-year and 25% quarter-on-quarter, underscoring the healthy trading environment. Our total value traded grew 27% year-on-year. In the first quarter, we generated an NPI of €155.9 million, increased slightly by €1.8 million in other income, leading to a total income of €158 million. Our fixed operating expenses were 56.5 million euros in Q1, in line with our guidance of 220 to 230 million euros for the year. The EBITDA reached 72.2...