Core Viewpoint Futu Holdings Limited reported strong financial and operational growth in the second quarter of 2025, driven by an increase in funded accounts, trading volume, and client assets, alongside successful international expansion efforts. Financial Highlights - Total revenues reached HK$5,310.9 million (US$676.6 million), a 69.7% increase year-over-year from HK$3,129.0 million [5] - Net income surged by 112.7% to HK$2,572.6 million (US$327.7 million) compared to HK$1,209.3 million in the same quarter of 2024 [15] - Non-GAAP adjusted net income increased by 105.2% to HK$2,659.8 million (US$338.8 million) [16] - Total gross profit rose by 81.6% to HK$4,639.9 million (US$591.1 million), with a gross margin of 87.4% [10] Operational Highlights - Funded accounts grew to approximately 2.9 million, up 40.9% year-over-year and 7.6% quarter-over-quarter [3] - Total client assets reached a record high of HK$973.9 billion, an increase of 68.1% year-over-year [4] - Total trading volume for the quarter was HK$3.59 trillion, up 121.2% year-over-year [4] - The company added over 204 thousand new funded accounts during the quarter, a growth of 31.6% year-over-year [3] Market Expansion - Over half of the total funded accounts are now from clients outside of Futu Securities Hong Kong, marking a significant milestone in international expansion [3] - The company launched crypto trading in most U.S. states and became the official sponsor of the New York Mets, enhancing its brand presence in the U.S. [3] - In Japan, Futu hosted its inaugural offline investment event, MooFest Japan, attracting over 12 thousand investors [3] Client Engagement - The funded account quarterly retention rate remained above 98%, indicating strong client loyalty [3] - Total client assets in wealth management reached HK$163.2 billion, up 104.4% year-over-year [4]