GMO Financial HD reports slight revenue increase in Q1

GMO Financial Holdings (TSE:7177) today announced its provisional consolidated financial results for the first quarter of the fiscal year ending December 2025, reporting an increase in operating revenue to JPY 12,977 million, up 0.7% compared to the JPY 12,880 million reported in the same period last year. Despite increased revenue, operating profit decreased by 3.0% to JPY 4,221 million, and net profit attributable to owners of the parent also saw a decline of 10.5%, falling to JPY 2,504 million. The company attributed the slight revenue increase to robust performance in its securities and FX businesses, particularly strong growth in over-the-counter FX trading, although profits faced headwinds from declines in CFD revenue and financial income. Increased sales and administrative expenses, due to increased transaction-related costs and provisions for doubtful debts in the Thailand securities business, further impacted profitability. The official earnings release is scheduled for May 1, 2025.