GMO Financial Holdings forecasts strong Q3 profit despite revenue dip

GMO Financial Holdings announced a flash report for Q3 2025, projecting record-high consolidated profits with net income attributable to parent company shareholders reaching JPY 8,910 million, a significant 153.9% increase from JPY 3,509 million in Q3 2024. This surge in profit is primarily attributed to a substantial reduction in the allowance for doubtful accounts, which impacted Q3 2024 results by JPY 6,700 million related to the Thai securities business.

Despite this profit growth, total operating revenue is expected to decrease by 5.0% year-over-year to JPY 38,413 million from JPY 40,420 million. This decline is mainly due to reduced revenue from securities and FX businesses, a decrease in over-the-counter FX earnings, and lower CFD earnings due to aggressive customer initiatives. However, the crypto-asset business showed an increase in revenue.

Monthly performance data shows varied segment contributions. The securities and FX business saw revenues of JPY 2,852 million in January, JPY 3,281 million in February, JPY 4,151 million in March, and JPY 4,353 million in April 2025. The crypto-asset business reported JPY 811 million in January, JPY 623 million in February, JPY 590 million in March, and JPY 547 million in April 2025. Final official figures will be released on October 31, 2025.