Flow Traders releases transcript of 2026 annual shareholder meeting
FLOW•Flow Traders published minutes of its 2026 annual shareholder meeting, reporting 2025 net trading income of EUR 475 million and net profit of EUR 134 million. The company set 2026 fixed operating expense guidance at EUR 235 million to EUR 245 million and rejected resuming dividends.
1. 2025 results and costs
Management reported 2025 net trading income of EUR 475 million, net profit of EUR 134 million, fixed operating expenses of EUR 204 million and an EBITDA margin of 41%. CFRO Hermien Smeets-Flier set 2026 fixed operating expense guidance at EUR 235 million to EUR 245 million, citing technology investment and talent additions.
2. Capital and dividends
CEO Thomas Spitz pointed to a $200 million private credit facility, a $75 million revolving credit facility, 35% trading capital growth and 16% return on equity. Management rejected resuming dividends, saying payouts would conflict with its capital retention plan through 2030.
