Compagnie Financière Tradition (CFT) Q4 2025 TU earnings summary

Executive summary

• Revenue for 2025 reached CHF 1,203.6 million, up 11.4% at constant exchange rates compared to 2024.

• Fourth quarter revenue grew 11.7% at constant exchange rates, totaling CHF 293.2 million.

• Growth was driven by increased transaction volumes amid shifting central bank policies and heightened global trade tensions.

Financial highlights

• Reported revenue (IFRS) for 2025 was CHF 1,115.8 million, up 6.1% at current exchange rates and 11.3% at constant rates.

• Revenue including joint ventures for 2025 was CHF 1,203.6 million, up 6.3% at current rates and 11.4% at constant rates.

• Fourth quarter reported revenue (IFRS) was CHF 274.5 million, up 4.2% at current rates and 12.4% at constant rates.

Segment performance

• Interdealer broking (IDB) revenue for 2025 was CHF 1,164.0 million, up 11.2% at constant rates.

• Retail investors (Non-IDB) revenue for 2025 was CHF 39.6 million, up 18.8% at constant rates.

• In Q4, IDB revenue was CHF 284.8 million, up 11.6% at constant rates; Non-IDB revenue was CHF 8.4 million, up 13.7% at constant rates.