Slides
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Interim Management Statement Q3/2026 22 October 2026
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Disclaimer Unaudited Results Q 3 / 2026 & 9 M/ 2026 This release contains unaudited information that is subject to change and that is not intended to be complete . Non - IFRS measures (APMs) This presentation includes non - IFRS measures . These measures are alternative performance measures as defined by the European Securities and Markets Authority ("ESMA") . flatexDEGIRO presents these non - IFRS measures as (i) they are used by its management to measure performance, including in presentations to the Management Board and Supervisory Board members and as a basis for strategic planning and forecasting ; and (ii) they represent measures that flatexDEGIRO believes are widely used by certain investors, securities analysts and other parties as supplemental measures of operating and financial performance . These non - IFRS measures may not be comparable to other similarly titled measures of other companies and have limitations as analytical tools and should not be considered as a substitute for analysis of flatexDEGIRO's operating results as reported under IFRS . Non - IFRS measures are not a measurement of flatexDEGIRO's performance or liquidity under IFRS and should not be considered as alternatives to consolidated net profit or any other performance measure derived in accordance with IFRS or other generally accepted accounting principles or as alternatives to cash flow from operating, investing or financing activities . Forward - looking statements This release may contain forward - looking statements and information, which may be identified by formulations using terms such as "expects", "aims", "anticipates", "intends", "plans", "believes", "seeks", "estimates" or "will" . Such forward - looking statements are based on our current expectations and certain assumptions, which may be subject to a variety of risks and uncertainties . The results actually achieved by flatexDEGIRO SE may substantially differ from these forward - looking statements . flatexDEGIRO assumes no obligation to update these forward - looking statements or to correct them in case of developments, which differ from those anticipated . Interim Management Statement Q3/2026
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Today’s presenters Oliver Behrens Chief Executive Officer Dr. Benon Janos Chief Executive Officer Dr. Thomas Lindner Chief Financial Officer
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Strong 9M/2026 results Strong capital base providing flexibility FY 2026 Guidance reiterated 4 Record performance delivered in 9M/2026 Interim Management Statement Q3/2026 Share buyback of up to EUR 100 m planned, subject to Bafin approval Expected to achieve or even exceed the 2027 financial targets already in 2026, one year ahead of schedule Setting course for the next phase of growth Strengthening customer - and market - facing focus at Management Board level. Future Chief Growth Officer appointed as Divisional Board Member Revenues growing 19% YoY while Net Profit increased by 37% YoY given strong operating leverage
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Interim Management Statement Q3/2026 Setting course for the next phase of growth Before One : Four Future Three : Four Front Office / Markets Front Office / Markets Back Office Oliver Behrens CEO CEO Dr. Benon Janos CEO Dominik Beier* CGO Dr. Thomas Lindner CFO Christiane Strubel CHRO Jens Möbitz COO Evgeni Kaplun CRO Leadership team extended with more growth - oriented balance Oliver Behrens Back Office Christiane Strubel CHRO Jens Möbitz COO Evgeni Kaplun CRO Dr. Benon Janos CFO * to join as Divisional Board Member in January 2027 5
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Capital Allocation Strategy: significantly increased regular dividend (EUR 32 m) followed by an opportunistic share buyback (EUR 100 m) 6 Investment in growth Shareholder distribution Organic growth (existing offering) Organic growth (new products & services & geographies) Potential M&A Flexibility to react to potential market opportunities. Existing AGM authorization allows for further buybacks of up to ~ 7% of share capital until June 2029. Dividends Opportunistic share buybacks Retained earnings to enable potential consolidation steps as well as growth and bolt - on acquisitions. Key strategic priority on accelerating business growth in online brokerage across Europe. Growth beyond existing offering. Target dividend payout ratio of 20% The 2026 AGM resolved the distribution of a dividend of EUR 0.30 per dividend - entitled share, up 7.5x from EUR 0.04 for 2023 and 2024. This corresponded to a total payout of approximately EUR 32 million. Plans for new share buyback program of up to EUR 100 m announced; subject to Bafin approval Interim Management Statement Q3 /2026
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0 2 4 6 8 2021 2022 2023 2024 2025 * 06/2026 ** Leverage Ratio (%) 0 10 20 30 40 2021 2022 2023 2024 2025* 06/2026 ** Total Capital Ratio (%) 13.93% Strong capital base supports financial resilience and strategic flexibility 7 3.00% 30.37% 5.88% Regulatory minimum requirement * Based on latest H1 2026 Disclosure Report ( Link ). H1 2026 profits are not included. Regulatory minimum requirement • Surplus of actual Total Capital Ratio and Leverage Ratio over regulatory minimum further widened in H1 2026 • Opportunistic share buyback of up to EUR 100 million targeted - even with full utilization of the program, the Group’s regulatory capital ratios will remain well above all relevant thresholds Interim Management Statement Q3 /2026
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Expansion of our comprehensive savings plan offering • Stocks were introduced as a new savings plan asset class in Germany and Austria in Q1 / 2026 • Commodities (ETC) and Crypto (ETN) were introduced as a new savings plan asset class in Germany and Austria in Q3 / 2026 • Technical introduction of the savings plan offering at DEGIRO Netherlands planned for the end of 2026. Further DEGIRO markets to follow in Q1 2027 • DEGIRO customers will gain access to a comparable comprehensive savings plan offering 8 ETFs Active Funds Stocks Commodities (ETC) Crypto (ETN) Eligible savings plans >2,500 >3,500 >1,000 >50 >50 Commission (flatex DE) 0.00 € 0.00 € 1% 0.00 € 0.00 € Interim Management Statement Q3 /2026 Comprehensive savings plan universe currently available at flatex
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flatexDEGIRO among price - leaders for Germany’s Retirement Savings Account ( Altersvorsorgedepot ) 9 Interim Management Statement Q3 /2026 “Core” Standard Account “Plus” Standard Account “Flex” Account Investment universe Two ETFs: global equity ETF and EUR government bond ETF Pre - selected ETFs Customer - specific selection from curated list of ETFs and funds, up to 25 positions Allocation / Weighting Equity/bond allocation can be set by the customer, adjustable at any time Risk reduction before retirement Standard legal allocation automatically Product Costs (TER) 7bps p.a. – free for at least five years Exchange of positions ETF selection; no product/ETF change available, but weighting adjustable Multiple account models offering tailored solutions, from standardized investing to individual ETF selection
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Q3 2026 Performance
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Net Cash Inflows of close to EUR 7 bn in 9M/2026 with high invest ratios in Q3 11 • Net Cash Inflows in Q3/2026 at previous years’ levels • In Q3/2026, 128% of Net Cash Inflows were re - invested versus historic average of 95% and compared to Q3/2025 where “only” around 83% of Net Cash Inflows got reinvested 1.8 1.5 1.7 1.6 5.0 3.0 2.5 1.6 0.9 7.2 3.1 2.0 1.7 6.9 Q1 Q2 Q3 Q4 9M 2024 2025 2026 Net Cash Inflows (bn EUR) Note: Rounding differences may occur. Interim Management Statement Q3 /2026
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Cash under Custody moderated QoQ given high investment ratios 12 86.3 89.3 88.1 101.8 106.5 Sep 2025 Dec 2025 Mar 2026 Jun 2026 Sep 2026 5.6 6.2 6.4 6.5 6.2 Sep 2025 Dec 2025 Mar 2026 Jun 2026 Sep 2026 +5 % + 23 % +11% - 6 % Note: Rounding differences may occur. Securities under Custody (bn EUR) Cash under Custody (bn EUR) Interim Management Statement Q3 /2026
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Strong development of our Interest Income line 13 132 149 174 167 150 Q3/2025 Q4/2025 Q1/2026 Q2/2026 Q3/2026 84 100 115 107 89 Q3/2025 Q4/2025 Q1/2026 Q2/2026 Q3/2026 42 45 49 53 56 Q3/2025 Q4/2025 Q1/2026 Q2/2026 Q3/2026 +14% +6% - 17 % + 3 3 % - 10 % +6% Revenues (m EUR) Commission Income (m EUR) Interest Income (m EUR) Note: “Revenues” also includes Other Operating Income which is not depicted on this slide Interim Management Statement Q3 /2026
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Greater transparency through refined Commission Income disclosure under IFRS 18 14 14 87 79 80 94 105 102 85 9 4 4 6 11 5 4 Q1/2025 Q2/2025 Q3/2025 Q4/2025 Q1/2026 Q2/2026 Q3/2026 Transaction - related commission income Other commission income Commission Income (m EUR) • Under IFRS 18, Revenues disclosure itself becomes more granular • Commission Income is now split into two categories: o Transaction - related commission income (income generated from brokerage activities, including income from crypto trading on a net basis) which will form the basis for the calculation of Commission per Transaction o Other commission income (primarily administrative fees, connectivity fees and commission income from Securities Lending on a net basis) Interim Management Statement Q3 /2026
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Commissions per Transaction reflecting a lower share of US trading and a less favorable product mix 15 4.46 4.39 4.52 4.64 4.62 4.64 4.42 Q1/2025 Q2/2025 Q3/2025 Q4/2025 Q1/2026 Q2/2026 Q3/2026 - 5% - 2% Commissions per Transaction (EUR) • Commission per Transaction is now calculated based on transaction - related commission income only, rather than total Commission Income used previously • Adjustment ensures this KPI more accurately reflects revenues directly generated from trading activity • This technically sets Commission per Transaction on a lower basis compared to the previously used definition Calculation under IFRS 18 Interim Management Statement Q3 /2026
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Gross profit margin benefits from higher share of NII 16 112 130 150 145 132 Q3/2025 Q4/2025 Q1/2026 Q2/2026 Q3/2026 70 84 97 90 76 Q3/2025 Q4/2025 Q1/2026 Q2/2026 Q3/2026 40 43 47 50 54 Q3/2025 Q4/2025 Q1/2026 Q2/2026 Q3/2026 +18% +8% - 16 % + 33% - 9 % +6% Gross Profit (m EUR) Net C ommission Income (m EUR) Net Inte rest Income (m EUR) Interim Management Statement Q3 /2026
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Seasonally lower marketing and advertising expenses in Q3 2026 Personnel expenses (m EUR) Marketing and advertising expenses (m EUR) 25 24 26 25 26 14 3 - 1 Q3/2025 Q4/2025 Q1/2026 Q2/2026 Q3/2026 Other administrative expenses (m EUR) 6 9 21 9 7 Q3/2025 Q4/2025 Q1/2026 Q2/2026 Q3/2026 11 16 13 14 16 Q3/2025 Q4/2025 Q1/2026 Q2/2026 Q3/2026 17 Current personnel expenses Long - term variable remuneration components 38 26 29 27 Interim Management Statement Q3 /2026 24 1 2
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Strong growth in Net Profit of 29% YoY 18 58 52 76 85 71 51% 40% 51% 59% 54% Q3/2025 Q4/2025 Q1/2026 Q2/2026 Q3/2026 39 40 54 61 50 Q3/2025 Q4/2025 Q1/2026 Q2/2026 Q3/2026 - 17 % +23 % + 29 % - 18% Operating Profit ( m EUR) Net Profit (m EUR) Note: Operating Profit has been introduced as a new central earnings measure. It is most comparable to the previous EBIT, wit h o nly minor differences resulting from reclassifications. Operating Profit follows the standardized IFRS 18 definition, enhancing comparability across companies . Interim Management Statement Q3 /2026 Operating Profit Margin (%)
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9M/2026 Performance
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86 121 165 9M/2024 9M/2025 9M/2026 Growth of all Revenue lines to record levels in 9M/2026 with strong scale effects 20 200 264 312 136 128 158 18 18 20 9M/2024 9M/2025 9M/2026 + 39% + 93 % +19% + 37 % Revenues (m EUR) Net Profit (m EUR) Commission Income Interest Income Other Operating Income 353 490 410 Interim Management Statement Q3 /2026 122 171 232 41% 49% 54% 9M/2024 9M/2025 9M/2026 Operating Profit (m EUR) + 90 % + 36 % Operating Profit Margin (%)
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Outlook 2026
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flatexDEGIRO expects to achieve or even exceed its 2027 financial targets already in 2026, one year ahead of schedule Revenues 2026(e) Net Profit 2026(e) +16% YoY (around EUR 650 m) +25% to +43% YoY (EUR 200 m to EUR 230 m) 22 • flatexDEGIRO expects to achieve or even exceed its financial targets originally set for 2027 one year earlier than initially targeted, underlining the strength, scalability and earnings power of its business model in a positive market environment • New mid - term ambition to be communicated on 24 February 2027 Interim Management Statement Q3 /2026
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Q&A Session
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Appendix
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Early adoption of IFRS 18
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April 2024 IASB issued IFRS 18 Replaces IAS 1 Presentation of Financial Statements Effective: 1 Jan 2027 Structured Income Statement New mandatory categories: Operating, Investing & Financing — giving investors clear, consistent anchors for analysis Management Performance Measures Non-GAAP metrics (like Adjusted EBITDA) must now appear inside audited financials, reconciled to IFRS figures 3 Enhanced Disaggregation Clearer breakdown of how costs are presented — by function or by nature — applied consistently year-over-year 2 1 The most significant change to financial reporting in 20+ years What is IFRS 18? 26 Interim Management Statement Q3 /2026
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April 2024 Our adoption: Half Year 2026 Early adoption — ahead of peers Jan 2027 Mandatory effective date Jun 2027 Mandatory adoption-first financial statements under IFRS 18 Strategic First-Mover Early adopters gain 18+ months to refine reporting systems before the rest of the market must comply Investor Confidence Demonstrating proactive transparency signals management confidence and commitment to best-in-class financial disclosure System Readiness Transitioning now — not under deadline pressure — ensures quality, accuracy and a smooth retrospective restatement IASB issues IFRS 18 Why Now? Our Decision We are choosing to lead - not follow 27 Interim Management Statement Q3 /2026
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Further resources on IFRS 18 adoption available on our Investor Relations Website 28 Now available 1 IFRS 18 p resentation Comprehensive presentation overview 2 Video webcast Webcast featuring Dr. Thomas Lindner, CFO Head of Finance and Regulatory Reporting 3 I FRS 18 Comparative P&L Information Q1 2025 to Q1 2026 profit or loss information presented under IFRS 18, available in Excel format Access the materials here › Interim Management Statement Q3 /2026
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A structured income statement in line with IFRS 18 Consolidated Statement of Profit or Loss | IFRS 18 Presentation | FY 2025 (€ millions) € millions FY 2025 IFRS 18 FY 2025 IAS 1 Deviance Notes Revenues 559.8 559.8 0.0 Equal to Revenue (IAS1 presentation) Commission income 363.5 368.7 -5.3 Commission income can be broken down into the following subcategories: Transaction-related commission income and other commission income Transaction-related commission income 339.9 338.3 1.6 Comprises income generated from brokerage activities, including income from crypto trading (net) Other commission income 23.5 30.5 -6.9 Includes mainly other administrative fees, commission income from securities lending (net) Commission expenses 59.6 59.7 -0.1 Net commission income 303.9 309.0 -5.2 Variance driven by the reclassification of income from B2B business to other operating income to better reflect its nature Interest income 173.2 173.2 0.0 Consists interest income from margin loans, ECB deposit facilities, and treasury tools (recognized in the income statement) Interest expenses 7.6 7.6 0.0 Net interest income 165.6 165.6 0.0 Other operating income 23.1 17.8 5.2 Consists primarily of income from IT and B2B business Other operating expenses 11.4 11.3 0.1 Net other operating income 11.7 6.5 5.2 Reclassification of income from B2B business Gross profit 481.1 481.2 -0.1 Almost equal to Net Revenue (IAS 1 presentation) 29 Interim Management Statement Q3 /2026
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A structured income statement in line with IFRS 18 Consolidated Statement of Profit or Loss | IFRS 18 Presentation | FY 2025 (€ millions) € millions FY 2025 IFRS 18 FY 2025 IAS 1 Deviance Notes Personnel expenses 125.6 127.4 -1.7 Variance mainly driven by the reclassification of previous financial result (net) to origin expenses. Current personnel expenses 102.6 104.3 -1.7 Long-term variable remuneration components 23.0 23.0 0.0 Marketing expenses 34.3 34.3 0.0 Other administrative expenses 52.2 51.8 0.4 Depreciation & Amortisation 46.1 46.1 0.0 Operating profit or loss 222.9 221.6 1.3 Net income from investments in other financial instruments 0.0 0.0 0.0 Most investment-related income and expenses are expected to be reported in operating income and expenses as part of the company’s core business activities. Profit before financing and income taxes 222.9 221.6 1.3 Interest expenses on borrowings and lease liabilities 2.0 0.8 1.2 Variance mainly driven by the reclassification of previous financial result (net) from to origin expenses.Net interest expenses (income) on net defined benefit liability (asset) 0.1 0.0 0.1 Profit before income taxes 220.8 220.8 0.0 Income taxes 60.4 60.4 0.0 Profit from continuing operations 160.4 160.4 0.0 Net Profit 160.4 160.4 0.0 30 Interim Management Statement 9M/2026
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Financial overview
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Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 9M 2025 9M 2026 Change in % Revenues mEUR 146.3 132.1 132.0 149.4 173.6 166.5 150.3 410.4 490.4 +19.5 Commission income mEUR 96.1 83.2 84.5 99.8 115.5 107.3 89.4 263.7 312.2 +18.4 of which: Transaction - related commission income mEUR 86.9 79.2 80.3 93.5 104.9 101.8 85.0 246.3 291.7 +18.4 of which: Other commission income mEUR 9.1 4.0 4.2 6.2 10.5 5.5 4.5 17.4 20.5 +17.8 Commission expenses mEUR 15.2 14.3 14.3 15.8 18.4 17.2 13.9 43.8 49.5 +13.1 Net commission income mEUR 80.9 68.9 70.2 83.9 97.1 90.1 75.5 220.0 262.7 +19.4 Margin % 84.2 82.9 83.1 84.1 84.1 84.0 84.4 83.4 84.1 +0.8 Interest income mEUR 43.4 42.8 42.1 44.9 49.3 52.7 55.9 128.3 158.0 +23.2 Interest expenses mEUR 3.2 1.0 1.9 1.5 2.5 2.2 2.3 6.1 7.1 +16.1 Net interest income mEUR 40.1 41.8 40.2 43.4 46.8 50.5 53.6 122.2 150.9 +23.5 Margin % 92.5 97.8 95.5 96.7 94.9 95.7 95.8 95.2 95.5 +0.3 Other operating income mEUR 6.8 6.1 5.3 4.8 8.8 6.5 4.9 18.3 20.2 +10.2 Other operating expenses mEUR 3.0 2.8 3.7 2.1 2.7 2.4 1.6 9.4 6.8 - 27.4 Net other operating income mEUR 3.8 3.4 1.7 2.7 6.0 4.0 3.3 8.9 13.3 +49.7 Margin % 56.5 55.1 31.5 56.6 68.7 62.5 66.5 48.7 66.2 +35.9 Gross profit mEUR 124.8 114.2 112.1 130.0 149.9 144.7 132.4 351.1 427.0 +21.6 Current personnel expenses mEUR 26.4 27.9 24.7 23.5 26.0 25.0 25.6 79.0 76.5 - 3.2 Personnel expensesfor long - term variable compensation mEUR 5.1 2.6 1.2 14.1 2.7 - 0.8 1.6 8.9 3.4 - 61.8 Marketing expenses mEUR 12.0 7.0 6.0 9.3 21.0 8.6 6.5 25.0 36.1 +44.3 Other administrative expenses mEUR 11.7 13.0 11.0 16.5 13.0 13.9 15.7 35.7 42.6 +19.2 Depreciation & Amortization mEUR 9.9 9.6 11.5 15.0 10.9 12.9 12.2 31.1 36.1 +16.1 Operating expenses mEUR 65.1 60.2 54.5 78.4 73.5 59.6 61.6 179.8 194.7 +8.3 Operating profit mEUR 59.7 54.0 57.6 51.6 76.5 85.1 70.8 171.3 232.3 +35.6 Operating profit margin % 47.8 47.3 51.4 39.7 51.0 58.8 53.5 48.8 54.4 +11.5 Profit before income taxes mEUR 59.2 53.5 57.1 51.0 76.0 84.6 70.2 169.7 230.8 +35.9 Income taxes mEUR 17.1 14.0 18.1 11.1 22.2 23.2 19.9 49.2 65.4 +32.8 Net Profit mEUR 42.0 39.5 39.0 39.9 53.7 61.3 50.3 120.5 165.4 +37.2 Net Profit margin % 33.7 34.6 34.8 30.7 35.8 42.4 38.0 34.3 38.7 +12.8 32 Profit and Loss Statement Interim Management Statement Q3 /2026
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Investor Relations Contact flatexDEGIRO SE Address: Omniturm , Große Gallusstraße 16 - 18, 60312 Frankfurt/Main, Germany Laura Hecker Executive Director Investor Relations Mail: laura.hecker@flatexdegiro.com Mobile: +49 160 3064 404 Achim Schreck Head of Investor Relations Mail: achim.schreck@flatexdegiro.com Mobile: +49 160 9277 4570 Emma Kinghorn Associate Investor Relations Mail: emma.kinghorn @flatexdegiro.com Mobile: +49 152 0394 6393