Budapest Stock Exchange: Q1 Profit Over HUF 1.3 Bn

The net profit of the Budapest Stock Exchange (BSE) for the first quarter of 2025, which includes the BSE's share of the KELER Group's results, is HUF 1,31 billion, BSE announced on its website this Tuesday. The EBITDA value in the first quarter of 2025 was HUF 431 million, which is 28% higher than the value achieved in the same period 2024.

The revenues of the Budapest Stock Exchange amounted to HUF 1,109 million in the first quarter of 2025, which is 22% higher than the revenue generated in the same period of the previous year. In 2025. trading revenues grew 57% compared to the same period of last year. Issuer fee revenues are 4% higher than in 2024 Q1, while information services revenues grew 5 %.

The average equity market turnover in the first quarter of 2025, amounting to HUF 18.7 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 quarter of this year is nearly 62% higher than the HUF 11.6 billion recorded a year earlier.

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

In the first quarter, 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 270 billion and mortgage bonds grew with 9 billion HUF. The business line generated revenues of HUF 331 million in the first quarter, representing a 4% increase compared to the first quarter of 2024 The information services business line generated HUF 324 million in revenue during the period, which is 5,5 % higher compared to the first quarter of the previous year.

The result of financial operations amounted to HUF 56 million during the reporting period. This represents a decrease of HUF 25 million compared to the previous year, primarily due to the impact of unrealized exchange rate difference. In the first quarter, adjusted expenses amounted to HUF 676 million, which is HUF 102 million higher compared to the same period of the previous year.

In the first quarter of 2025, the KELER Group achieved a pre-tax profit of HUF 2,56 billion, supported by better-than-expected fee income and interest revenue, as well as savings in operating expenses.

Revenue from core activities amounted to 5,281 billion HUF, with a significant portion of HUF 3,498 billion coming from fees and commission income which overall was in line with the revenue level achieved in the same period of the previous year.

The interest rate differential amounted to HUF 1,785,2 billion, falling short of the base figure by HUF 175,2 million, primarily due to the decrease in the benchmark interest rate. The costs of the securities depository and clearing house amounted to HUF 2,788 billion in the first quarter of 2025, exceeding the operating expenses of the same period in the previous year by HUF 299,4 million.