Compagnie Financière Tradition (CFT) Q3 2025 TU earnings summary

Executive summary

• Revenue grew 9.4% in Q3 2025 at constant exchange rates, reaching CHF 278.3 million including joint ventures.

• Nine-month revenue rose 11.3% year-over-year at constant exchange rates to CHF 910.4 million.

• Activity was particularly strong in July and September, with positive momentum continuing into October.

Financial highlights

• Q3 2025 reported revenue (IFRS) was CHF 261.2 million, up 4.0% year-over-year at current exchange rates.

• Revenue including joint ventures in Q3 was CHF 278.3 million, up 2.2% at current exchange rates.

• For the first nine months, reported revenue (IFRS) was CHF 841.3 million, up 6.7% at current exchange rates.

Segment performance

• Interdealer broking (IDB) business grew 10.7% in Q3 at constant exchange rates, with expansion across all regions and asset classes.

• Non-IDB (retail Japan) business declined 25.3% in Q3 at constant exchange rates, but returned to growth in September and October.

• Nine-month IDB revenue rose 11.0% at constant exchange rates; Non-IDB revenue increased 20.4% year-over-year.