Sino AG/€XTP

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About Sino AG

Sino AG, established in 1998 and headquartered in Düsseldorf, Germany, provides online brokerage services tailored for active traders. The company offers two primary trading platforms: sino MX-PRO, designed for multi-exchange access via computers, and sino X2GO, optimized for mobile devices. These platforms enable clients to trade a variety of financial instruments, including stocks, bonds, futures, derivatives, ETFs, funds, and currencies, across multiple exchanges such as XETRA, EUWAX, Euronext, NASDAQ, NYSE, and EUREX. Sino AG's focus on real-time trading tools positions it to meet the demands of high-frequency traders seeking comprehensive market access.
Ticker
€XTP
Sector
Finance
Primary listing
XETRA
Employees
25

Sino AG Metrics

BasicAdvanced
€277M
10.16
€11.78
0.26
€1.46
1.22%

Bulls say / Bears say

The core brokerage business is accelerating: first-half 2025/26 orders rose 92% year over year to 863,496, commission revenue increased 71% to €7.16 million, and adjusted ordinary profit reached approximately €2.2 million versus €0.2 million previously. (sino AG)
Trade Republic monetization materially strengthened liquidity and shareholder-return potential: sino recognized €38.4 million after tax from the December 2025 partial sale while retaining an approximately 1.77% fully diluted stake, and management plans to propose at least €14.80 per share for 2025/26. (sino AG)
Operational efficiency improved alongside growth, with the first-half cost-income ratio falling to 0.69 from 0.85, while management raised and later confirmed 2025/26 guidance for €3.4–€4.6 million of pre-tax profit and €40.8–€41.6 million of group net income. (sino AG)
Trading activity is volatile: August 2026 orders fell 22.37% month over month and 19.84% year over year to 79,400, following a 30.25% monthly decline in July. (sino AG)
Reported earnings are heavily influenced by the Trade Republic stake sale: the first nine months produced approximately €40.8 million of group net income, while sino AG’s standalone pre-tax profit was €3.49 million. This makes headline EPS and dividend expectations less representative of recurring brokerage earnings. (sino AG)
The business remains highly niche, with only 310 client depots reported at August 31, 2026. That narrow customer base can amplify client concentration, trading-volume and revenue risks if a small number of active traders reduce activity. (sino AG)
Data summarised monthly by Lightyear AI. Last updated on 11 Sept 2026.
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.