Budapest Stock Exchange Annual Net Profit Down in 2025

The preliminary net profit of the Budapest Stock Exchange (BSE) for the year 2025, which includes the BSE's share of the KELER Group's results, is HUF 5.28 billion - that is, 10% less compared to 2024, BSE reports on its website.

The EBITDA value for 2025 was HUF 1,692 million, which is 22% higher than the value achieved in 2024. The total revenues of the Budapest Stock Exchange amounted to HUF 4,360 million in 2025, which is 15% higher than the previous year's value.

The average daily equity market turnover of HUF 17.3 billion in 2025 exceeded last year's annual average turnover of HUF 11.82 billion. Compared to 2024, this year’s turnover is 46.6% higher.

In 2025, trading revenues increased by 39% compared to the previous year. Both issuer fee revenues and data sales revenues increased by 4% compared to 2024.

By the end of 2025, 156 issuer companies had their securities listed on the BSE. During 2025, shares worth HUF 100.3 billion, corporate bonds worth HUF 1,917.3 billion and mortgage bonds worth more than HUF 155.4 billion were listed.

During the period, the data sales business generated sales revenue of HUF 1.327 million, which is 4% higher compared to the previous year.

Expenses amounted to HUF 2.669 million, which is HUF 263 million higher compared to the previous year (+11%). The result of financial operations during the period reached HUF 338 million. This represents a decrease of HUF 34 million compared to last year (-9%).

The KELER Group achieved a pre-tax profit of HUF 10.2 billion in 2025, due to the favorable development of fee income and interest income, as well as savings on operating expenses. The revenue from core activities amounted to HUF 21.2 billion, significant part of which is HUF 14.2 billion from fees and commissions income.

Fees and commissions were HUF 650 million higher than the income achieved in the previous year. The interest rate marge is HUF 6.8 billion, which is HUF 307 million below the base. The costs of the securities depository and clearinghouse amounted to HUF 11.2 billion in 2025, which is HUF 1.688 million more than in the previous year.