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Net Income up 98% YoY to US$285 million
JERSEY CITY, N.J., May 29, 2025 /PRNewswire/ -- Moomoo's parent company Futu Holdings Ltd. ("Futu" or "the Company")(Nasdaq: FUTU), a leading global tech-driven online brokerage and wealth management platform, announced its unaudited Q1 2025 earnings with US$603.4 million in revenues, up 81.1% year-over-year ("YoY"), and US$285 million in non-GAAP adjusted net income, up 97.7% YoY.
As of March 31, 2025, the Company reported 26.25 million registered users, 4.96 million brokerage accounts and 2.67 million funded accounts. The client assets grew 12% quarter-over-quarter ("QoQ") and 60% YoY, reaching US$107 billion.
Continued Growth Across Markets & Business Segments
The Company entered 2025 with a strong quarter, delivering solid growth across all markets. Japan, Canada and Malaysia achieved record highs in new funded accounts, while the US and Australia both logged double-digit QoQ growth in total funded accounts. In Singapore, strong asset inflows from the high-net-worth sector highlighted the Company's increasing appeal to investors with significant capital and complex financial needs. In Hong Kong, a market already highly penetrated, the Company continued to see accelerated client acquisition throughout the quarter, with a double-digit QoQ increase in client assets, and a nearly 20% quarterly rise in daily active users on its app, reinforcing the Company's unrivaled position in the market. In May, the Company announced its entry into New Zealand - the eighth market it serves - marking another successful stride in its expanding global footprint.
Trading activities across the Company's platforms remained vigorous in Q1, with total trading volume reaching a record high of US$413.3 billion, up impressively by 140% YoY and 11% QoQ. Hong Kong and US equities soared 227% and 116% YoY, respectively. Cryptocurrency recorded double-digit QoQ growth in both traders and client assets, showing investors' growing appetite for this particular asset.
The Company's wealth management continued to expand globally, driven by robust investment demand for safe-haven assets amidst market uncertainties. The total assets under management ("AUM") reached US$17.9 billion at Q1's market closure, a YoY increase of 118%, with AUM in Hong Kong and Singapore growing steadily during Q1, and in Japan and Malaysia increasing notably.
The strength in retail investing fueled synergistic growth in the Company's corporate and institutional services, reinforcing its leadership as a comprehensive financial services platform. By the end of Q1, the Company's IPO and IR clients totaled 498. In Malaysia, moomoo was the top platform that amassed the most subscribers for Oriental Kopi IPO. In Hong Kong, the Company recorded new successes in IPO subscriptions, including the achievement of over HK$1 trillion in Mixue IPO. Additionally, the Company achieved steady growth in its Employee Stock Ownership Plan and Trust services, earning a strong reputation among clients.
Enhancing Platform Capabilities to Serve Various Investor Needs
In Q1, the Company advanced its product roadmap by introducing tailored features to better serve investors with varying needs. To enhance accessibility to the US market, fractional US shares trading was introduced in Japan. To address the growing demand for options trading, the Company introduced tools such as the Options Strategy Builder and Options Probability Analysis, greatly lowering the entry barrier. The Company also broadened its wealth management offerings across multiple markets, including the launch of US dollar money market funds in Japan, and non-money market mutual funds in Malaysia.
To deliver a more intuitive and informed investing experience, the Company rolled out the new Insights feature across its platforms, allowing users to imitate expert strategies and get inspirations in new investment opportunities. Furthermore, the Company streamlined the US stock order execution process this quarter, enhancing efficiency and allowing investors to cover full trading time blocks with a single US stock order.
Moomoo's innovation and service excellence continued to gain industry recognition in Q1. In Singapore, moomoo clinched four prestigious awards from CME Group, including the top honor of "Influential Broker 2024". In Japan, the renowned research firm Japan Marketing Research Organization, Inc. granted moomoo with four awards, naming it the "No.1 US Stock Investment Platform". In Malaysia, moomoo received the "Technology Excellence Award" from the Asian Business Review magazine, a testament of its leadership in the technological advancement.
Deepening Community Connections and Advancing Corporate Social Responsibility
In Q1, the Company deepened its commitment to empowering investors by partnering with Seeking Alpha, a leading financial research platform, to deliver pro-level tools and advanced services to all its global users.
Recently in the US, moomoo proudly announced a ground-breaking partnership with the New York Mets, a member of the Major League Baseball (MLB), in a multi-year, multi-million-dollar partnership, marking its first high-profile sports sponsorship. This collaboration is set to enhance the sports experience for Mets fans, moomoo customers and New York tri-state area communities through creative initiatives and joint efforts.
The Company also continued to expand its community engagement efforts. In the US, moomoo sponsored the Jersey City Marathon, while in Australia, it partnered with local NGOs to support local communities. In Japan, moomoo led initiatives to encourage female participation in investing. These diverse activities demonstrate moomoo's commitment to leveraging its brand influence to foster positive change and build better communities worldwide.
About moomoo
Moomoo is a leading global investment and trading platform dedicated to empowering investors with user-friendly tools, data, and insights. Our platform is designed to provide essential information and technology, enabling users to make well-informed investment decisions. With advanced charting tools, pro-level analytical features, moomoo evolves alongside our users, fostering a dynamic community where investors can share, learn, and grow together.
Founded in the US, moomoo has expanded its global presence to serve investors across multiple markets, including Singapore, Australia, Japan, Canada, Malaysia, and New Zealand. As a subsidiary of a Nasdaq-listed company, moomoo is trusted by more than 26 million investors worldwide and has earned recognition from leading financial institutions and publications for its innovation and reliability.
For more information, please visit moomoo's official website at www.moomoo.com
Net Income up 98% YoY to US$285 million
JERSEY CITY, N.J., May 29, 2025 /PRNewswire/ -- Moomoo's parent company Futu Holdings Ltd. ("Futu" or "the Company")(Nasdaq: FUTU), a leading global tech-driven online brokerage and wealth management platform, announced its unaudited Q1 2025 earnings with US$603.4 million in revenues, up 81.1% year-over-year ("YoY"), and US$285 million in non-GAAP adjusted net income, up 97.7% YoY.
As of March 31, 2025, the Company reported 26.25 million registered users, 4.96 million brokerage accounts and 2.67 million funded accounts. The client assets grew 12% quarter-over-quarter ("QoQ") and 60% YoY, reaching US$107 billion.
Continued Growth Across Markets & Business Segments
The Company entered 2025 with a strong quarter, delivering solid growth across all markets. Japan, Canada and Malaysia achieved record highs in new funded accounts, while the US and Australia both logged double-digit QoQ growth in total funded accounts. In Singapore, strong asset inflows from the high-net-worth sector highlighted the Company's increasing appeal to investors with significant capital and complex financial needs. In Hong Kong, a market already highly penetrated, the Company continued to see accelerated client acquisition throughout the quarter, with a double-digit QoQ increase in client assets, and a nearly 20% quarterly rise in daily active users on its app, reinforcing the Company's unrivaled position in the market. In May, the Company announced its entry into New Zealand - the eighth market it serves - marking another successful stride in its expanding global footprint.
Trading activities across the Company's platforms remained vigorous in Q1, with total trading volume reaching a record high of US$413.3 billion, up impressively by 140% YoY and 11% QoQ. Hong Kong and US equities soared 227% and 116% YoY, respectively. Cryptocurrency recorded double-digit QoQ growth in both traders and client assets, showing investors' growing appetite for this particular asset.
The Company's wealth management continued to expand globally, driven by robust investment demand for safe-haven assets amidst market uncertainties. The total assets under management ("AUM") reached US$17.9 billion at Q1's market closure, a YoY increase of 118%, with AUM in Hong Kong and Singapore growing steadily during Q1, and in Japan and Malaysia increasing notably.
The strength in retail investing fueled synergistic growth in the Company's corporate and institutional services, reinforcing its leadership as a comprehensive financial services platform. By the end of Q1, the Company's IPO and IR clients totaled 498. In Malaysia, moomoo was the top platform that amassed the most subscribers for Oriental Kopi IPO. In Hong Kong, the Company recorded new successes in IPO subscriptions, including the achievement of over HK$1 trillion in Mixue IPO. Additionally, the Company achieved steady growth in its Employee Stock Ownership Plan and Trust services, earning a strong reputation among clients.
Enhancing Platform Capabilities to Serve Various Investor Needs
In Q1, the Company advanced its product roadmap by introducing tailored features to better serve investors with varying needs. To enhance accessibility to the US market, fractional US shares trading was introduced in Japan. To address the growing demand for options trading, the Company introduced tools such as the Options Strategy Builder and Options Probability Analysis, greatly lowering the entry barrier. The Company also broadened its wealth management offerings across multiple markets, including the launch of US dollar money market funds in Japan, and non-money market mutual funds in Malaysia.
To deliver a more intuitive and informed investing experience, the Company rolled out the new Insights feature across its platforms, allowing users to imitate expert strategies and get inspirations in new investment opportunities. Furthermore, the Company streamlined the US stock order execution process this quarter, enhancing efficiency and allowing investors to cover full trading time blocks with a single US stock order.
Moomoo's innovation and service excellence continued to gain industry recognition in Q1. In Singapore, moomoo clinched four prestigious awards from CME Group, including the top honor of "Influential Broker 2024". In Japan, the renowned research firm Japan Marketing Research Organization, Inc. granted moomoo with four awards, naming it the "No.1 US Stock Investment Platform". In Malaysia, moomoo received the "Technology Excellence Award" from the Asian Business Review magazine, a testament of its leadership in the technological advancement.
Deepening Community Connections and Advancing Corporate Social Responsibility
In Q1, the Company deepened its commitment to empowering investors by partnering with Seeking Alpha, a leading financial research platform, to deliver pro-level tools and advanced services to all its global users.
Recently in the US, moomoo proudly announced a ground-breaking partnership with the New York Mets, a member of the Major League Baseball (MLB), in a multi-year, multi-million-dollar partnership, marking its first high-profile sports sponsorship. This collaboration is set to enhance the sports experience for Mets fans, moomoo customers and New York tri-state area communities through creative initiatives and joint efforts.
The Company also continued to expand its community engagement efforts. In the US, moomoo sponsored the Jersey City Marathon, while in Australia, it partnered with local NGOs to support local communities. In Japan, moomoo led initiatives to encourage female participation in investing. These diverse activities demonstrate moomoo's commitment to leveraging its brand influence to foster positive change and build better communities worldwide.
About moomoo
Moomoo is a leading global investment and trading platform dedicated to empowering investors with user-friendly tools, data, and insights. Our platform is designed to provide essential information and technology, enabling users to make well-informed investment decisions. With advanced charting tools, pro-level analytical features, moomoo evolves alongside our users, fostering a dynamic community where investors can share, learn, and grow together.
Founded in the US, moomoo has expanded its global presence to serve investors across multiple markets, including Singapore, Australia, Japan, Canada, Malaysia, and New Zealand. As a subsidiary of a Nasdaq-listed company, moomoo is trusted by more than 26 million investors worldwide and has earned recognition from leading financial institutions and publications for its innovation and reliability.
For more information, please visit moomoo's official website at www.moomoo.com
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Moomoo's Parent Company Futu Releases Q1 2025 Results
- CATL opens Middle East's first NING SERVICE Experience Center in Riyadh —currently the largest new energy aftermarket facility outside China.
- The facility offers comprehensive full-lifecycle after-sales support, cultivates local technical talent and accelerates the deployment of advanced electrification and energy storage solutions.
- It also functions as a regional ecosystem hub linking diverse stakeholders and resources to drive industrial synergy and sustainable growth.
RIYADH, Saudi Arabia, Jan. 11, 2026 /PRNewswire/ -- On January 10, 2026, CATL opened the Middle East's first and currently the largest new energy aftermarket facility outside China—the NING SERVICE Experience Center in Riyadh—strengthening its after-sales presence in the Middle East and supporting the region's shift toward cleaner energy systems.
The opening comes as Saudi Arabia and the wider Middle East advance ambitious electrification and decarbonization goals under Vision 2030 and similar national initiatives. Taking Saudi Arabia as an example, The Kingdom has set a goal to transition 30% of all vehicles in Riyadh to electric by 2030, as part of a larger strategy to reduce emissions in the capital city by 50%. Sustainability policies are also driving the shift to electric equipment, such as promoting the use of electric forklifts, while encouraging the use of green energy on farms under the Saudi Green Initiative. However, progress is tempered by persistent challenges, including longstanding oil dependency, surging electricity demand, extreme climatic conditions, and limited charging and service infrastructure.
Strategically designed to overcome these obstacles, the Riyadh facility offers comprehensive full-lifecycle after-sales support, cultivates local technical talent and accelerates the deployment of advanced electrification and energy storage solutions.
Covering more than 7,000 square meters, the Riyadh center combines exhibition areas, diagnostics and maintenance zones, refurbishment facilities, training spaces, and a customer lounge. It is designed to serve not only as a localized service hub for the region and a showcase of CATL's system-level capabilities across electric mobility, energy storage, and intelligent electrification, but also as a platform that links diverse resources, fostering industrial synergy across the ecosystem.
A full-lifecycle approach to new energy services
Relying on CATL's deep R&D and extreme manufacturing capabilities, NING SERVICE Experience Center provides customers with full-lifecycle services that encompass battery diagnostics, repair, maintenance, rework, training, recycling, aftermarket logistics and warehousing. Its services span over seven major product categories—from passenger and commercial vehicles to energy storage systems—along with diverse repair scenarios, setting a new benchmark for new energy service delivery in the region.
Leveraging CATL's advanced diagnostics and repair expertise, along with established service processes, the center's comprehensive after-sales services
helps enterprise customers reduce downtime, lower maintenance costs, and extend asset life, providing greater certainty around long-term performance and residual value while reducing long-term ownership costs and delivering more cost-effective and reliable services for end users.
Advancing localized operations and capability building
The Riyadh center serves as a key platform for CATL's localized operations in the Middle East, supporting talent development and long-term local value creation. Through dedicated training facilities, CATL builds after-sales and technical expertise in the new energy sector, contributing to skilled employment and knowledge transfer across the Middle East. Globally, NING SERVICE operates 10 training centers, totalling 2,300 square meters, and has certified more than 9,700 new energy after-sales professionals through partnerships with vocational institutions.
Beyond talent development, CATL is deepening its localization strategy by reinforcing local infrastructure and building ecosystem partnerships. CATL is in discussion with top-tier local industry players—including fuel network operators to rapidly provide green electricity to gas stations and major infrastructure companies to electrify their truck fleets, as well as energy companies to deploy solar-plus-storage solutions.
These initiatives not only bolster CATL's local service capabilities and market confidence, but also by enabling key partners, jointly drive the scaled adoption of comprehensive new energy solutions across the Middle East.
"As a leading energy company in Saudi Arabia, we see tremendous opportunities in energy transformation. For instance, we plan to deploy solar-plus-storage solutions at our gas stations and electrify forklifts to reduce reliance on oil. We look forward to collaborating with top players like CATL to drive this transition forward," said Ahmed Ibrahim，Assistant General Manager For Procurement of Al Drees, a leading provider of petroleum and logistics services in Saudi Arabia.
"The launch of CATL's Riyadh aftermarket flagship underscores our shared commitment to driving the global energy transition. This milestone not only reflects the growing demand for sustainable solutions in Saudi Arabia but also embodies our collective vision for a cleaner, electrified future. As the investor behind the experience centre, we are confident that this partnership will accelerate electrification and strengthen the region's role in advancing the energy transition." said Lin Chaofan, CEO of F4S.
Part of a global network
The Saudi Arabia opening builds on CATL's global service footprint, which includes more than 1,200 professional service stations across 76 countries and 73 spare-parts warehouses worldwide. CATL ranks No. 1 globally in spare parts inventory stocked with 100% genuine parts, with a total warehouse area of more than 370,000 square meters. To date, NING SERVICE has supported more than six million electric vehicles, providing professional after-sales services for passenger vehicles, commercial vehicles, and energy storage customers.
A long-term commitment to the Middle East
Bruce Li, President of Quality System, Aftermarket Business, Battery Management System Department at CATL, said the Riyadh center reflects a strategic, long-term view of the region.
"Our decision to establish this center in Riyadh is not only a commercial choice, but a long-term commitment," Li said. "As the first NING SERVICE Experience Center in the Middle East, it is more than a service facility. It is a new energy aftermarket ecosystem hub that brings together advanced technology, professional training, and industry collaboration—effectively connecting diverse stakeholders and resources to foster deeper synergy and sustainable growth across the region. Starting from here, CATL will continue to expand its after-sales service network across the Middle East, align closely with Saudi Arabia's Vision 2030, and support the region's energy transition through a reliable, end-to-end service system."
As the Middle East accelerates its shift toward electrification and energy storage adoption, CATL's expanded NING SERVICE presence is poised to deliver the technical reliability and sustained partnerships essential for this transformation.
RIYADH, Saudi Arabia, Jan. 11, 2026 /PRNewswire/ -- On January 10, 2026, CATL opened the Middle East's first and currently the largest new energy aftermarket facility outside China—the NING SERVICE Experience Center in Riyadh—strengthening its after-sales presence in the Middle East and supporting the region's shift toward cleaner energy systems.
The opening comes as Saudi Arabia and the wider Middle East advance ambitious electrification and decarbonization goals under Vision 2030 and similar national initiatives. Taking Saudi Arabia as an example, The Kingdom has set a goal to transition 30% of all vehicles in Riyadh to electric by 2030, as part of a larger strategy to reduce emissions in the capital city by 50%. Sustainability policies are also driving the shift to electric equipment, such as promoting the use of electric forklifts, while encouraging the use of green energy on farms under the Saudi Green Initiative. However, progress is tempered by persistent challenges, including longstanding oil dependency, surging electricity demand, extreme climatic conditions, and limited charging and service infrastructure.
Strategically designed to overcome these obstacles, the Riyadh facility offers comprehensive full-lifecycle after-sales support, cultivates local technical talent and accelerates the deployment of advanced electrification and energy storage solutions.
Covering more than 7,000 square meters, the Riyadh center combines exhibition areas, diagnostics and maintenance zones, refurbishment facilities, training spaces, and a customer lounge. It is designed to serve not only as a localized service hub for the region and a showcase of CATL's system-level capabilities across electric mobility, energy storage, and intelligent electrification, but also as a platform that links diverse resources, fostering industrial synergy across the ecosystem.
A full-lifecycle approach to new energy services
Relying on CATL's deep R&D and extreme manufacturing capabilities, NING SERVICE Experience Center provides customers with full-lifecycle services that encompass battery diagnostics, repair, maintenance, rework, training, recycling, aftermarket logistics and warehousing. Its services span over seven major product categories—from passenger and commercial vehicles to energy storage systems—along with diverse repair scenarios, setting a new benchmark for new energy service delivery in the region.
Leveraging CATL's advanced diagnostics and repair expertise, along with established service processes, the center's comprehensive after-sales services
helps enterprise customers reduce downtime, lower maintenance costs, and extend asset life, providing greater certainty around long-term performance and residual value while reducing long-term ownership costs and delivering more cost-effective and reliable services for end users.
Advancing localized operations and capability building
The Riyadh center serves as a key platform for CATL's localized operations in the Middle East, supporting talent development and long-term local value creation. Through dedicated training facilities, CATL builds after-sales and technical expertise in the new energy sector, contributing to skilled employment and knowledge transfer across the Middle East. Globally, NING SERVICE operates 10 training centers, totalling 2,300 square meters, and has certified more than 9,700 new energy after-sales professionals through partnerships with vocational institutions.
Beyond talent development, CATL is deepening its localization strategy by reinforcing local infrastructure and building ecosystem partnerships. CATL is in discussion with top-tier local industry players—including fuel network operators to rapidly provide green electricity to gas stations and major infrastructure companies to electrify their truck fleets, as well as energy companies to deploy solar-plus-storage solutions.
These initiatives not only bolster CATL's local service capabilities and market confidence, but also by enabling key partners, jointly drive the scaled adoption of comprehensive new energy solutions across the Middle East.
"As a leading energy company in Saudi Arabia, we see tremendous opportunities in energy transformation. For instance, we plan to deploy solar-plus-storage solutions at our gas stations and electrify forklifts to reduce reliance on oil. We look forward to collaborating with top players like CATL to drive this transition forward," said Ahmed Ibrahim，Assistant General Manager For Procurement of Al Drees, a leading provider of petroleum and logistics services in Saudi Arabia.
"The launch of CATL's Riyadh aftermarket flagship underscores our shared commitment to driving the global energy transition. This milestone not only reflects the growing demand for sustainable solutions in Saudi Arabia but also embodies our collective vision for a cleaner, electrified future. As the investor behind the experience centre, we are confident that this partnership will accelerate electrification and strengthen the region's role in advancing the energy transition." said Lin Chaofan, CEO of F4S.
Part of a global network
The Saudi Arabia opening builds on CATL's global service footprint, which includes more than 1,200 professional service stations across 76 countries and 73 spare-parts warehouses worldwide. CATL ranks No. 1 globally in spare parts inventory stocked with 100% genuine parts, with a total warehouse area of more than 370,000 square meters. To date, NING SERVICE has supported more than six million electric vehicles, providing professional after-sales services for passenger vehicles, commercial vehicles, and energy storage customers.
A long-term commitment to the Middle East
Bruce Li, President of Quality System, Aftermarket Business, Battery Management System Department at CATL, said the Riyadh center reflects a strategic, long-term view of the region.
"Our decision to establish this center in Riyadh is not only a commercial choice, but a long-term commitment," Li said. "As the first NING SERVICE Experience Center in the Middle East, it is more than a service facility. It is a new energy aftermarket ecosystem hub that brings together advanced technology, professional training, and industry collaboration—effectively connecting diverse stakeholders and resources to foster deeper synergy and sustainable growth across the region. Starting from here, CATL will continue to expand its after-sales service network across the Middle East, align closely with Saudi Arabia's Vision 2030, and support the region's energy transition through a reliable, end-to-end service system."
As the Middle East accelerates its shift toward electrification and energy storage adoption, CATL's expanded NING SERVICE presence is poised to deliver the technical reliability and sustained partnerships essential for this transformation.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
CATL Opens Middle East's Largest New Energy Aftermarket Facility in Riyadh
CATL Opens Middle East's Largest New Energy Aftermarket Facility in Riyadh
CATL Opens Middle East's Largest New Energy Aftermarket Facility in Riyadh
