Futu Holdings Limited announced its unaudited financial results for the first quarter ended March 31, 2025, reporting total revenues of HK$4,694.6 million (US$603.4 million), an 81.1% increase year-over-year. Non-GAAP adjusted net income grew 97.7% year-over-year to HK$2,216.9 million (US$285.0 million).
The company added approximately 262 thousand funded accounts in the first quarter, a 47.8% increase year-over-year, bringing total funded accounts to 2.7 million, up 41.6% year-over-year. Total client assets reached HK$829.8 billion, a 60.2% increase year-over-year, driven by record net asset inflow.
Total trading volume was HK$3.22 trillion, up 140.1% year-over-year, with U.S. stock trading volume growing 8.2% sequentially to HK$2.25 trillion. Futu also unveiled Futubull AI in Hong Kong, its proprietarily trained, AI-powered investment assistant, and launched U.S. fractional shares trading in Japan.
Wealth management client assets increased 117.7% year-over-year to HK$139.2 billion, with 29% of funded accounts holding wealth management products. The company remains on track to meet its 2025 guidance of 800 thousand net new funded accounts, having achieved one-third of this target.
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