Compagnie Financière Tradition (CFT) H2 2025 earnings summary

Executive summary

• Revenue including joint ventures rose 11.4% in constant currency to CHF 1,204m, driven by growth momentum and increased transaction volumes amid volatile macroeconomic conditions.

• Net profit (Group share) increased 22.2% to CHF 134m, with EPS up 22.4% in constant currency and 16.3% to CHF 17.55.

• EBITDA grew 24.6% to CHF 210m, with margin improving to 17.4%.

• Shareholders' equity reached CHF 566m before treasury shares; consolidated equity at year-end was CHF 511.5m.

• Proposed cash dividend raised by 11.1% to CHF 7.50 per share.

Financial highlights

• Brokers' productivity rose 11% year-over-year.

• Operating profit increased 28.9% to CHF 187m, margin at 15.6%; reported operating profit reached CHF 161.5m, up 35.0%.

• Net financial results impacted by FX losses and lower net interest income; net financial expense was CHF 7.2m.

• Share buyback program continued, with 4.8% of share capital in treasury shares.

• Share of profit from associates and joint ventures was CHF 28.8m, up 19.1%, including a CHF 5.9m after-tax gain from a subsidiary disposal.

Outlook and guidance

• Activity growth momentum continues into 2026, with activity up year-over-year at constant exchange rates.

• Focus remains on organic growth, cost management, digital transformation, and data analytics investments.

• Continued investment in AI and data science to drive productivity and value creation.

• Emphasis on balance sheet strength and high return on equity.