Budapest Stock Exchange H1 Net Profit Over HUF 2.5 Bn

The net profit of the Budapest Stock Exchange (BSE) for the first half-year of 2025, which includes the BSE's share of the KELER Group's results, is HUF 2.67 billion, BSE reports on its website.

The EBITDA value in the first half-year of 2025 was HUF 879 million, which is 31% higher than the value achieved in the same period of 2024. The revenues of the Budapest Stock Exchange amounted to HUF 2 208 million in the first half-year of 2025, which is 20% higher than the revenue generated in the same period of the previous year.

In 2025 trading revenues grew 51% compared to the same period of last year. Issuer fee revenues are 3% higher than in 2024 H1, while information services revenues grew 8%.

The average equity market turnover in the first half-year of 2025, amounting to HUF 19.3 billion, exceeded the full-year average of HUF 11.8 billion in 2024. Compared to the same period in 2024, the turnover in the first halfyear is nearly 80% higher than the HUF 10.83 billion recorded a year earlier.

As of the end of June 2025, the Budapest Stock Exchange lists the securities of 155 issuer companies.

In the first half-year, the shares of one new issuer, Glia Nova, were listed on the Xtend market, while Goodwill Pharma transitioned from the Xtend market to the Standard category of the regulated market. In the debt section listed corporate bonds grew by HUF 534 billion and mortgage bonds grew with HUF 44 billion. The business line generated revenues of HUF 659 million in the first half-year, representing a 3% increase compared to the first half-year of 2024.

The information services business line generated HUF 668 million in revenue during the period, which is 8% higher compared to the first half-year of the previous year.

In the first half-year, expenses amounted to HUF 1 327 million, which is HUF 151 million (+13%) higher compared to the same period of the previous year.

The result of financial operations amounted to HUF 150 million during the reporting period. The higher amount of interest income was countered by unrealized exchange rate losses.

In the first half-year of 2025, the KELER Group achieved a pre-tax profit of HUF 4,96 billion, supported by betterthan-expected fee income and interest revenue, as well as savings in operating expenses.

Revenue from core activities amounted to 10,526 billion HUF, with a significant portion of HUF 7,114 billion coming from fees and commission income which is HUF 273,7 million higher compared to the same period of the previous year.

The interest rate differential amounted to HUF 3,416 billion, falling short of the base figure by HUF 247,8 million, primarily due to the decrease in the benchmark interest rate.

The costs of the securities depository and clearing house amounted to HUF 5,7 billion in the first half-year of 2025, exceeding the operating expenses of the same period in the previous year by HUF 698,2 million.