Futu Holdings Limited announced its unaudited financial results for the third quarter ended September 30, 2024, reporting total revenues of HK$3,436.1 million (US$442.3 million), a 29.6% increase year-over-year. Non-GAAP adjusted net income rose by 20.8% year-over-year to HK$1,398.4 million (US$180.0 million).
The company acquired 154 thousand paying clients in the third quarter, marking a 138.0% increase year-over-year, with full-year growth expected to comfortably exceed the guidance of 550 thousand. Total client assets grew 48.1% year-over-year and 19.7% quarter-over-quarter to HK$693.4 billion, driven by strong net asset inflow and appreciation of client stock holdings.
Total trading volume reached HK$1.90 trillion, up 74.7% year-over-year and 17.4% quarter-over-quarter, with U.S. stocks trading volume increasing 22.9% sequentially to HK$1.53 trillion. Wealth management asset balance also saw significant growth, reaching HK$97.3 billion, an 87.5% increase year-over-year.
In celebration of its fifth Nasdaq listing anniversary, Futu's board of directors approved a special cash dividend of US$0.25 per ordinary share, or US$2 per American Depositary Share (ADS). The aggregate amount of this special cash dividend will be approximately US$280 million, payable around January 10, 2025.
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