VIEL & Cie (VIL) H2 2025 earnings summary

Executive summary

• Achieved consolidated revenue growth of 7.4% to €1,266.9 million in 2025, with 10.7% growth at constant exchange rates.

• Operating income rose 19.5% to €236.6 million, with net income up 7.2% to €178.4 million.

• Dividend proposed at €0.54 per share, a 14.9% increase year-over-year.

Financial highlights

• Revenue: €1,266.9 million (+7.4% year-over-year at variable rates, +10.7% at constant rates).

• Operating income: €236.6 million (+19.5% at variable rates, +22.7% at constant rates).

• Net income: €178.4 million (+7.2% at variable rates, +10.5% at constant rates).

• Net income attributable to group: €126.4 million (+4.7% at variable rates, +7.8% at constant rates).

• Operating margin improved to 15.2% from 13.0% year-over-year.

Outlook and guidance

• Professional intermediation activity continues to grow in early 2026 at constant exchange rates.

• Online brokerage activity remains strong amid increased market volatility.

• Swisslife Banque Privée expected to continue its growth strategy in 2026.