South Korean fintech group Toss, operated by Viva Republica, posted first-half 2025 revenue of over KRW 1.2 trillion, equivalent to approximately $867 million, a 35.2% increase year-on-year that marks one of the company's strongest growth periods since it launched its super-app platform. The result underlines the scale Toss has achieved as it competes across consumer banking, insurance, brokerage, and merchant payment services within a single integrated application available to tens of millions of South Korean users.
Operating profit for the period reached KRW 154.6 billion, while net profit came in at KRW 105.7 billion, extending what management characterised as the company's second consecutive year of profitability. The ability to sustain positive net earnings across multiple consecutive half-year reporting periods differentiates Toss from a large cohort of Asian fintech companies that continue to operate at a loss while prioritising user growth and geographic expansion over near-term earnings delivery to investors.
CONSUMER SERVICES DRIVE REVENUE GROWTH
The consumer services division generated KRW 802 billion in the first half of the year, representing approximately 65% of total group revenue. This segment encompasses the flagship Toss app, Toss Bank, Toss Insurance, and Toss Securities, a fully integrated suite of products that allows users to manage savings accounts, investment portfolios, insurance policies, and everyday payment transactions from a single interface. Growth in this division has been underpinned by an expanding range of financial products offered natively within the app, driving higher average revenue per user as customers progressively deepen their engagement with the broader Toss financial ecosystem over time.
Merchant services contributed the remaining KRW 433 billion, approximately 35% of revenue, covering payment processing, settlement, and commerce-enabling tools for businesses of varying sizes. The segment has benefited from the continued and steady rise in digital payment adoption across South Korea, where contactless transactions and mobile-based commerce have expanded consistently. The balance between consumer and merchant revenue gives Toss meaningful exposure to growth on both sides of the payment relationship, providing structural diversification within its business model that reduces dependence on any single revenue stream or customer segment.
PROFITABILITY SIGNALS PLATFORM MATURITY
Toss's transition to sustained profitability reflects the operating leverage that becomes available to large-scale digital platforms once user acquisition costs moderate and cross-selling of additional financial products begins to drive meaningful incremental income from an already established and deeply engaged user base. During its earlier years, the company accepted significant losses as it invested heavily in growing its registered user count and building out its product suite across banking, insurance, and brokerage, a strategy consistent with the land-and-expand approach common among super-app operators competing in the broader Asian market.
The H1 2025 results, showing 35.2% revenue growth alongside positive operating and net profit, position Toss as one of the most financially robust fintech operators in East Asia by revenue scale and demonstrated profitability. The company has previously signalled an interest in expanding beyond South Korea into other markets, and the strength of its domestic financial position provides a stable and growing capital base from which to fund international growth ambitions in the second half of the year and over the medium term.