Bourse Direct Reports Increased Profitability with an Operating Result of 26.7 Million Euros
The online broker has published its annual results for 2025, showing an increase in operating income and net income, driven by dynamic brokerage activity despite a contraction in treasury products. The group will propose a dividend increase of 20% to 24 cents per share.
Financial Performance Overview
In 2025, Bourse Direct recorded consolidated banking operating income of 77.2 million euros, up 1.0% from 76.4 million euros in 2024. This increase is due to a decrease in interest income offset by strong growth in brokerage income, reflecting the intensity of trading activity during the year. The consolidated operating result stood at 26.7 million euros compared to 26.0 million euros in 2024, marking a progression of 2.4%. The operating margin improved to reach 34.5% of banking operating income, compared to 34.0% in the previous year. However, the consolidated net banking income, after deducting banking operating expenses, was 70.3 million euros compared to 70.4 million euros in 2024, showing a slight decline of 0.2%. Consolidated banking operating expenses increased to 6.9 million euros, linked to the high volume of orders executed and mainly corresponding to market commissions.
Net Results and Operational Efficiency
Bourse Direct's consolidated net income reached 19.8 million euros in 2025, up from 19.3 million euros in 2024, an increase of 3.2%. The group incurred a tax charge of 6.9 million euros. Overall operating expenses decreased by 1.7% to 43.6 million euros from 44.4 million euros in 2024, notably due to a reduction in personnel expenses from 18.9 million euros to 17.7 million euros. Concurrently, the group's customer base significantly expanded with more than 406,000 accounts as of December 31, 2025, an increase of 10.8% over the year. The number of orders executed for direct clients reached 5.4 million in 2025 compared to 4.6 million in 2024, a growth of 16.9%. Consolidated equity strengthened to 88.7 million euros as of December 31, 2025, from 80.5 million euros as of December 31, 2024. Consolidated own cash amounted to 59.7 million euros as of December 31, 2025.
Dividend Proposal and Subsidiary Performance
Bourse Direct will propose at its General Meeting on May 12, 2026, a dividend of 24 cents per share, an increase of 20% compared to the 20 cents distributed for 2024. In 2025, the professional activity of EXOE, the group's investment advisory subsidiary, recorded an 11.4% decrease in its turnover.
