The Profit of the Zagreb Stock Exchange Group Surged by Over 200 Percent

The increase in trading volume, primarily in the Slovenian capital market, during the past year resulted in a significant jump in the profitability of the Zagreb Stock Exchange, but at the group level. According to the published financial report, during 2024, the Zagreb Stock Exchange recorded €2.2 million in operating income, which is eight percent higher than the previous year. Compared to 2023, sales revenue increased by six percent, reaching €1.4 million. It is worth noting that in 2024, the trading volume within the order book on the Croatian stock exchange reached €354 million, ten percent higher than in 2023. Of this amount, €294.8 million relates to trading in shares.

– The increase in sales revenue is primarily the result of higher income from commissions and membership fees, which, following significantly stronger trading in securities compared to the same period last year, reached €609 thousand by the end of December 2024; 22 percent higher compared to the four quarters of 2023 – the report states. Income from maintaining listings amounted to €680 thousand, which is only a slight increase of 0.4 percent. The management also notes that despite the increase in listing maintenance fees since the beginning of 2024, due to a smaller number of listed companies, income from maintaining listings continues to stagnate. Furthermore, considering the significantly lower number of new listings last year, income from listing fees also recorded a decline, dropping to €85 thousand (-30 percent).

Total expenses increased by €165,700 or more than eight percent, reaching €2.2 million. The Zagreb Stock Exchange claims that during 2024, it felt the impact of the increase in the general price level as well as the need for salary corrections, and investments in hardware to enhance system security and due to the high level of inflation over the past two years. For example, personnel costs increased by seven percent, with €1 million spent on 23 employees. The net profit of the Zagreb Stock Exchange at the end of 2024 reached €38 thousand, which is 71.3 percent lower than in the same period last year.

At the level of the Zagreb Stock Exchange Group, which also includes the Ljubljana Stock Exchange, revenues amounted to €4 million or 11.2 percent higher. Specifically, the Ljubljana Stock Exchange recorded a total trading volume of €505.6 million last year, which is an increase of 53 percent compared to the same period in 2023. Trading within the order book also recorded an increase of 58 percent, primarily due to significantly stronger trading in shares, bonds, and treasury bills. In this context, sales revenue increased to €2.5 million, or by 13 percent.

The net profit of the Group amounts to €197 thousand, which is 209 percent higher than in the same period of 2023 when the Group reported a net profit of €64 thousand. The total comprehensive income amounts to €197 thousand, representing a growth of 25 percent.