Futu Holdings rode the wave of elevated buying and selling exercise in Hong Kong shares and the speedy enlargement of the cryptocurrency market, posting a 144% improve in third-quarter income.
The web brokerage reported a web revenue of HK$3.22 billion ($413.5 million) for the three months ended September 30, in contrast with HK$1.32 billion in the identical interval a yr earlier. In line with outcomes launched immediately (Tuesday), gross sales rose 86% to HK$6.4 billion ($822.9 million).
Futu added 254,000 funded accounts throughout the quarter, bringing the entire to three.13 million accounts, a rise of 43% year-over-year and almost 10% in comparison with Q2 2025. Hong Kong led in buyer positive aspects for the fourth straight quarter as buyers flocked to a resurgent preliminary public providing market and a rally in know-how shares.
Buying and selling quantity within the quarter reached a document excessive of HK$3.9 trillion ($501.2 billion), a rise of 105% year-on-year. Hong Kong shares accounted for HK$1.19 trillion ($152.9 billion) of this, a rise of 43% from the earlier quarter and the best proportion since 2023.
Leaf Hua Li, Futu Chairman and CEO
“Clients have quickly flocked to the Hong Kong know-how identify, outpacing a lot of its U.S. friends,” Futu chairman and chief govt Lief Hua Lee stated in an announcement.
U.S. inventory buying and selling remained sturdy at HK$2.6 trillion ($334.2 billion), with choices buying and selling gaining momentum. The corporate stated each the variety of choices merchants and the variety of contracts traded elevated by double digits quarter over quarter.
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The corporate aimed so as to add 800,000 new clients in 2025. On the finish of the third quarter, we had been simply 100,000 individuals in need of that objective, which seems effectively inside attain.
Hovering value of crypto property
“Crypto-asset buying and selling quantity surged 161% quarter-on-quarter on the again of 90% steady improve in crypto-assets and improved transaction pace,” Li added.
Ethereum has overtaken Bitcoin to change into probably the most traded digital forex on the Hutu platform, whereas Hong Kong's newly launched Solana token has seen a rise in buying and selling quantity.
Whole buyer property elevated to HK$1.24 trillion ($159.4 billion), a rise of 79% year-on-year and 27% in comparison with the second quarter. Credit score and securities lending excellent elevated by 23% from the earlier quarter to HK$63.1 billion ($8.1 billion).
Enabling the IPO pipeline
Futu served as co-bookrunner for a number of distinguished Q3 listed corporations in Hong Kong, together with Chery Car, Hesai Group and Lens Know-how. The 12 IPOs every attracted greater than HK$100 billion ($12.9 billion) in subscription quantity on the corporate's platform.
The corporate had 561 IPO gross sales and IR clients on the finish of the quarter, a rise of twenty-two% yr over yr. Hong Kong's IPO market raised $23.37 billion within the first 9 months of 2025, triple the quantity from the earlier yr, based on knowledge from the London Inventory Change Group.
Approval of share buyback
Futu's board of administrators has accredited an $800 million share repurchase program that runs by means of December 2027. This authorization replaces earlier repurchase plans which might be expiring. The corporate plans to fund the repurchase from current money balances.
Diluted earnings per American Depositary Share was HK$22.80 ($2.93), in contrast with HK$9.42 ($1.121) in the identical interval final yr. Every ADS represents eight Class A abnormal shares.
