Compagnie Financière Tradition (CFT) H1 2025 TU earnings summary

Executive summary

• Revenue for the first half of 2025 reached CHF 632.1m, up 12.3% at constant exchange rates compared to the same period last year.

• Second quarter revenue grew 12.8% at constant exchange rates, reflecting continued strong market momentum.

• Growth was supported by market volatility, monetary policy uncertainty, new trade barriers, and geopolitical tensions.

• All asset classes and regions contributed to revenue growth.

Financial highlights

• Adjusted revenue including joint ventures for H1 2025: CHF 632.1m, up 12.3% at constant exchange rates year-over-year.

• Reported revenue (IFRS) for H1 2025: CHF 580.1m, up 10.8% at constant exchange rates year-over-year.

• Q2 2025 adjusted revenue: CHF 310.1m, up 12.8% at constant exchange rates year-over-year.

• Q2 2025 reported revenue: CHF 285.4m, up 12.4% at constant exchange rates year-over-year.

Segment performance

• Interdealer broking (IDB) H1 2025 revenue: CHF 607.6m, up 11.2% at constant exchange rates year-over-year.

• Retail investors (Non-IDB) H1 2025 revenue: CHF 24.5m, up 47.6% at constant exchange rates year-over-year.

• Gaitame.com in Japan saw a 47.6% revenue increase, driven by the Money Partners Group acquisition.

• Q2 2025 IDB revenue: CHF 298.1m, up 12.4% at constant exchange rates year-over-year.

• Q2 2025 Non-IDB revenue: CHF 12.0m, up 26.0% at constant exchange rates year-over-year.