Growth in Revenue of 9.4% in the Third Quarter; Activity Growth over the First Nine Months, up 11.3%

Rhea-AI Summary

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.

Positive

• 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

Negative

• 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
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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 9.4% in the third quarter

at constant exchange rates

Activity growth over the first nine months of 2025 with revenue¹⁾

of CHF 910.4 million, up 11.3% at constant exchange rates

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 9.4% at constant exchange rates (compared with CHF 272.3 million in 2024). Reported performance was tempered by the strengthening of the Swiss franc since the beginning of the year, particularly against the US dollar. The IDB business recorded growth of 10.7% at constant exchange rates, driven by the expansion across all regions and asset classes. Activity, which was stronger in July and September, continued its positive trajectory into October. Meanwhile, the Non-IDB business, which serves retail clients in Japan, declined by 25.3% at constant exchange rates during the quarter, reflecting a marked slowdown in the sector over July and August, before returning to growth in September, a trend that continued into October.

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 11.3% at constant exchange rates.

Revenue for the 3^rd quarter:

CHFm	2025	2024	Variation at current exchange rates	Variation at constant exchange rates
Reported revenue (IFRS)	261.2	251.1	+4.0%	+11.3%
Revenue including share of joint ventures1)	278.3	272.3	+2.2%	+9.4%
Interdealer broking business (IDB)	271.6	262.4	+3.5%	+10.7%
Retail investors (Non-IDB)	6.7	9.9	-32.7%	-25.3%

 

Revenue for the period:

CHFm	2025	2024	Variation at current exchange rates	Variation at constant exchange rates
Reported revenue (IFRS)	841.3	788.2	+6.7%	+10.9%
Revenue including share of joint ventures1)	910.4	849.3	+7.2%	+11.3%
Interdealer broking business (IDB)	879.2	822.7	+6.9%	+11.0%
Retail investors (Non-IDB)	31.2	26.6	+17.1%	+20.4%

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?

Consolidated revenue including joint ventures was CHF 278.3m in Q3 2025, up 9.4% at constant exchange rates.

How did CFNCF perform over the first nine months of 2025?

Nine‑month consolidated revenue including joint ventures was CHF 910.4m, up 11.3% at constant exchange rates versus 2024.

What drove CFNCF's Q3 growth (CFNCF)?

Growth was led by the IDB business, which expanded across regions and asset classes and rose 10.7% in Q3 at constant rates.

Why were reported CFNCF results weaker than constant‑rate growth?

A stronger Swiss franc versus the US dollar created a currency headwind, tempering reported growth versus constant‑rate figures.

How did retail (Non‑IDB) revenue behave for CFNCF in Q3 2025?

Retail investors (Non‑IDB) revenue fell 25.3% at constant exchange rates in Q3, after a slowdown in July–August and a return to growth in September.

What is the difference between reported IFRS revenue and revenue including joint ventures for CFNCF Q3 2025?

Reported IFRS revenue for Q3 was CHF 261.2m (+4.0% at current rates) versus CHF 278.3m when including the share of joint ventures (+9.4% at constant rates).