Growth in Revenue of 9.4% in the Third Quarter; Activity Growth over the First Nine Months, up 11.3%
Compagnie Financière Tradition (CFNCF) reported third-quarter 2025 consolidated revenue including joint ventures of CHF 278.3m, up 9.4% at constant exchange rates (reported CHF 261.2m, +4.0% at current rates). Activity over the first nine months reached CHF 910.4m, up 11.3% at constant exchange rates versus 2024.
IDB (interdealer broking) grew 10.7% in Q3 at constant rates, driven by expansion across regions and asset classes. Non-IDB (retail Japan) fell 25.3% in Q3 at constant rates after a slowdown in July–August, but returned to growth in September and into October. Management noted a currency headwind from a stronger Swiss franc versus the USD, which tempered reported results.
Compagnie Financière Tradition (CFNCF) ha riportato nel terzo trimestre 2025 ricavi consolidati, inclusi i joint venture, pari a CHF 278,3 mln, in aumento del 9,4% a tassi di cambio costanti (ricavati CHF 261,2 mln, +4,0% a tassi correnti). L'attività nei primi nove mesi ha raggiunto CHF 910,4 mln, in aumento dell'11,3% a tassi di cambio costanti rispetto al 2024.
IDB (interdealer broking) è cresciuto del 10,7% nel Q3 a tassi costanti, trainato dall'espansione in diverse regioni e classi di attività. Non-IDB (retail Giappone) è diminuito del 25,3% nel Q3 a tassi costanti dopo un rallentamento in luglio-agosto, ma è tornato a crescere a settembre e in ottobre. Il management ha segnalato un headwind valutario dovuto a un franco svizzero più forte rispetto al dollaro USA, che ha attenuato i risultati riportati.
Compagnie Financière Tradition (CFNCF) reportó ingresos consolidados del tercer trimestre de 2025, incluyendo joint ventures, de CHF 278,3 millones, un incremento del 9,4% a tipos de cambio constantes (CHF 261,2 millones reportados, +4,0% a tipos de cambio actuales). La actividad en los primeros nueve meses alcanzó CHF 910,4 millones, un incremento del 11,3% a tipos constantes frente a 2024.
IDB (interdealer broking) creció un 10,7% en el Q3 a tipos constantes, impulsado por la expansión en distintas regiones y clases de activos. Non-IDB (retail Japón) cayó un 25,3% en Q3 a tipos constantes tras una desaceleración en julio-agosto, pero volvió a mostrar crecimiento en septiembre y en octubre. La dirección señaló un efecto desfavorable por divisas debido a un franco suizo más fuerte frente al USD, lo que atenuó los resultados publicados.
Compagnie Financière Tradition (CFNCF)는 2025년 3분기 연결 매출이 공동 기업 포함으로 CHF 278,3백만에 도달했고, 환율을 일정하게 유지하면 9,4% 증가했습니다(보고된 CHF 261,2백만, 현 환율 기준 +4,0%). 9개월 누적 매출은 CHF 910,4백만로 전년 동기 대비 11,3% 증가했습니다.
IDB (인터딜러 브로킹)는 Q3에서 환율 고정 기준으로 10,7% 상승했고, 지역과 자산 계에서의 확장에 힘입었습니다. Non-IDB (소매 일본)은 7~8월 둔화 후 Q3에서 환율 고정 기준 25,3% 감소했으나 9월과 10월에 다시 성장했습니다. 경영진은 USD에 비해 강세인 스위스 프랑으로 인한 통화 역풍이 보고된 결과를 둔화시켰다고 언급했습니다.
Compagnie Financière Tradition (CFNCF) a enregistré au troisième trimestre 2025 un chiffre d'affaires consolidé incluant les coentreprises de CHF 278,3 millions, en hausse de 9,4 % à taux de change constants (CHF 261,2 millions indiqués, +4,0 % à taux courants). L'activité sur les neuf premiers mois a atteint CHF 910,4 millions, en hausse de 11,3 % à taux constants par rapport à 2024.
IDB (interdealer broking) a progressé de 10,7 % au T3 à taux constants, porté par l'expansion dans les régions et les classes d'actifs. Le Non-IDB (retail Japon) a reculé de 25,3 % au T3 à taux constants après un ralentissement en juillet-août, mais est revenu à la croissance en septembre et en octobre. La direction a souligné un vent contraire lié à la devise en raison d'un franc suisse plus fort par rapport au dollar américain, ce qui a tempéré les résultats publiés.
Compagnie Financière Tradition (CFNCF) meldete im dritten Quartal 2025 konsolidierten Umsatz einschließlich Joint Ventures von CHF 278,3 Mio., ein Anstieg von 9,4 % zu konstanten Wechselkursen (berichtete CHF 261,2 Mio., +4,0 % bei aktuellen Kursen). Die Aktivitäten in den ersten neun Monaten erreichten CHF 910,4 Mio., ein Anstieg von 11,3 % zu konstanten Wechselkursen gegenüber 2024.
IDB (Interdealer Broking) wuchs im Q3 um 10,7 % bei konstanten Kursen, getragen von der Expansion über Regionen und Asset-Klassen. Non-IDB (Retail Japan) fiel im Q3 bei konstanten Kursen um 25,3 % nach einer Verlangsamung im Juli–August, kehrte aber im September und Oktober wieder in eine Wachstumsrichtung zurück. Das Management merkte einen Währungseinfluss durch einen stärker werdenden Schweizer Franken gegenüber dem USD an, der die berichteten Ergebnisse gedämpft hat.
Compagnie Financière Tradition (CFNCF) أبلغت عن إيرادات موحدة للربع الثالث من عام 2025 بما في ذلك المشاريع المشتركة قدرها 288.3 مليون فرنك سويسري CHF، بارتفاع 9.4% بأسعار صرف ثابتة (CHF 261.2 مليون مذكور، +4.0% بأسعار الصرف الحالية). بلغت الأنشطة خلال الأشهر التسعة الأولى CHF 910.4 مليون، بارتفاع 11.3% بأسعار صرف ثابتة مقارنة بعام 2024.
IDB (الوساطة بين البائعين/المشترين) نمى بنسبة 10.7% في الربع الثالث عند أسعار صرف ثابتة، مدفوعاً بالتوسع عبر المناطق والفئات الأصلية. Non-IDB (التجزئة اليابانية بالتجزئة) انخفضت بنسبة 25.3% في الربع الثالث عند أسعار صرف ثابتة بعد تباطؤ في يوليو–أغسطس، لكنها عادت إلى النمو في سبتمبر وأكتوبر. أشار الإدارة إلى عائق عملة من فرنك سويسري أقوى مقابل الدولار الأميركي، مما أضعف النتائج المعلنة.
- 9M revenue CHF 910.4m, +11.3% at constant rates
- IDB Q3 growth +10.7% at constant rates
- Revenue including JVs Q3 CHF 278.3m, +9.4% at constant rates
- Retail 9M growth +20.4% at constant rates
- Q3 Non-IDB decline -25.3% at constant rates
- Currency headwind from stronger Swiss franc reduced reported growth
- Reported IFRS Q3 growth only +4.0% at current exchange rates
Ad hoc announcement pursuant to Art. 53 LR
Download PDF - EN
Lausanne, Switzerland--(Newsfile Corp. - November 6, 2025) - Ad hoc announcement pursuant to Article 53 of the Six Exchange Regulation Listing Rules
Growth in revenue1) of
at constant exchange rates
Activity growth over the first nine months of 2025 with revenue1)
of CHF 910.4 million, up
Compagnie Financière Tradition continued to grow its activity in the third quarter of 2025. Consolidated revenue, including the share of joint ventures, reached CHF 278.3 million, up
Over the first nine months of the year, Compagnie Financière Tradition reported consolidated revenue, including the share of joint ventures, of CHF 910.4 million, compared with CHF 849.3 million for the same period in 2024, an increase of
Revenue for the 3rd quarter:
| CHFm | 2025 | 2024 | Variation at current exchange rates | Variation at constant exchange rates |
| Reported revenue (IFRS) | 261.2 | 251.1 | + | + |
| Revenue including share of joint ventures1) | 278.3 | 272.3 | + | + |
| Interdealer broking business (IDB) | 271.6 | 262.4 | + | + |
| Retail investors (Non-IDB) | 6.7 | 9.9 | - | - |
Revenue for the period:
| CHFm | 2025 | 2024 | Variation at current exchange rates | Variation at constant exchange rates |
| Reported revenue (IFRS) | 841.3 | 788.2 | + | + |
| Revenue including share of joint ventures1) | 910.4 | 849.3 | + | + |
| Interdealer broking business (IDB) | 879.2 | 822.7 | + | + |
| Retail investors (Non-IDB) | 31.2 | 26.6 | + | + |
1) Proportionate consolidation method for joint ventures
ABOUT COMPAGNIE FINANCIERE TRADITION SA
Compagnie Financière Tradition SA is one of the world's largest interdealer brokers in over-the-counter financial and commodity related products. Represented in over 30 countries, Compagnie Financière Tradition SA employs more than 2,400 people globally and provides broking services for a complete range of financial products (money market products, bonds, interest rate, currency and credit derivatives, equities, equity derivatives, interest rate futures and index futures) and non-financial products (energy and environmental products, and precious metals). Compagnie Financière Tradition SA (CFT) is listed on the SIX Swiss Exchange.
For more information, please visit www.tradition.com.
CONTACTS MEDIA
Patrick Combes, Président
Compagnie Financière Tradition SA
+41 (0)21 343 52 87
actionnaire@tradition.ch
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/273412
FAQ
What were Compagnie Financière Tradition (CFNCF) revenues in Q3 2025?
How did CFNCF perform over the first nine months of 2025?
What drove CFNCF's Q3 growth (CFNCF)?
Why were reported CFNCF results weaker than constant‑rate growth?
How did retail (Non‑IDB) revenue behave for CFNCF in Q3 2025?
What is the difference between reported IFRS revenue and revenue including joint ventures for CFNCF Q3 2025?
