Growth in Revenue to CHF 632.1 Million, up 12.3%; EBITDA Increase to CHF 114.7 Million, up to 27.3%, for a Margin of 18.1%; Net Profit Group share of CHF 70.2 million, up 20.4%
Compagnie Financiere Tradition (CFNCF) reported strong H1 2025 financial results, with revenue including joint ventures growing 12.3% to CHF 632.1 million at constant exchange rates. The company achieved significant EBITDA growth of 27.3% to CHF 114.7 million, resulting in an improved margin of 18.1%.
The interdealer broking business saw 11.2% revenue growth to CHF 607.6 million, while the online forex trading segment in Japan surged 47.6% to CHF 24.5 million. Net profit Group share increased 20.4% to CHF 70.2 million. The company maintains a strong balance sheet with net cash position of CHF 278.3 million, up 22.1% year-over-year.
Compagnie Financiere Tradition (CFNCF) ha comunicato risultati finanziari solidi per il 1° semestre 2025, con ricavi comprensivi delle joint venture in aumento del 12,3% a CHF 632,1 milioni a tassi di cambio costanti. L'EBITDA è cresciuto significativamente del 27,3% raggiungendo CHF 114,7 milioni, con un miglioramento della marginalità al 18,1%.
Il segmento di intermediazione tra dealer ha registrato una crescita dei ricavi dell'11,2% a CHF 607,6 milioni, mentre il trading forex online in Giappone è aumentato del 47,6% a CHF 24,5 milioni. L'utile netto di gruppo è salito del 20,4% a CHF 70,2 milioni. La società mantiene un bilancio solido con una posizione di cassa netta di CHF 278,3 milioni, in aumento del 22,1% su base annua.
Compagnie Financiere Tradition (CFNCF) presentó sólidos resultados financieros en el 1S 2025, con ingresos incluyendo joint ventures que crecieron un 12,3% hasta CHF 632,1 millones a tipos de cambio constantes. El EBITDA aumentó de forma notable un 27,3% hasta CHF 114,7 millones, mejorando el margen al 18,1%.
El negocio de interdealer broking registró un crecimiento de ingresos del 11,2% hasta CHF 607,6 millones, mientras que el segmento de trading forex online en Japón se disparó un 47,6% hasta CHF 24,5 millones. El resultado neto atribuible al grupo aumentó un 20,4% hasta CHF 70,2 millones. La compañía mantiene un balance sólido con una posición de caja neta de CHF 278,3 millones, un 22,1% más interanual.
Compagnie Financiere Tradition (CFNCF)는 2025년 상반기에 견조한 실적을 발표했으며, 합작법인을 포함한 매출은 환율 영향을 제외하고 12.3% 증가한 CHF 632.1백만을 기록했습니다. EBITDA는 27.3% 증가한 CHF 114.7백만으로 크게 성장했으며, 마진은 18.1%로 개선되었습니다.
딜러 간 중개 사업의 매출은 11.2% 증가한 CHF 607.6백만을 기록했고, 일본의 온라인 외환 거래 부문은 47.6% 급증하여 CHF 24.5백만을 기록했습니다. 그룹 지분 귀속 순이익은 20.4% 증가한 CHF 70.2백만입니다. 회사는 순현금 포지션 CHF 278.3백만으로 재무구조가 견조하며 전년 대비 22.1% 증가했습니다.
Compagnie Financiere Tradition (CFNCF) a publié de solides résultats pour le 1er semestre 2025 : les revenus, y compris les coentreprises, ont augmenté de 12,3% à CHF 632,1 millions à taux de change constants. L'EBITDA a progressé de manière significative de 27,3% pour atteindre CHF 114,7 millions, avec une marge améliorée de 18,1%.
Le métier d'interdealer broking a enregistré une hausse des revenus de 11,2% à CHF 607,6 millions, tandis que le segment de trading forex en ligne au Japon a bondi de 47,6% à CHF 24,5 millions. Le résultat net part du groupe a augmenté de 20,4% à CHF 70,2 millions. La société conserve une situation financière solide avec une position de trésorerie nette de CHF 278,3 millions, en hausse de 22,1% sur un an.
Compagnie Financiere Tradition (CFNCF) meldete starke Ergebnisse für das 1. Halbjahr 2025: Die Umsätze einschließlich Joint Ventures stiegen währungsbereinigt um 12,3% auf CHF 632,1 Mio.. Das EBITDA wuchs deutlich um 27,3% auf CHF 114,7 Mio., wodurch die Marge auf 18,1% anstieg.
Das Interdealer-Broking-Geschäft verzeichnete einen Umsatzanstieg von 11,2% auf CHF 607,6 Mio., während das Online-Forex-Trading in Japan um 47,6% auf CHF 24,5 Mio. zulegte. Der auf die Gruppe entfallende Nettogewinn erhöhte sich um 20,4% auf CHF 70,2 Mio.. Das Unternehmen verfügt über eine starke Bilanz mit einer Nettocash-Position von CHF 278,3 Mio., ein Anstieg von 22,1% gegenüber dem Vorjahr.
- None.
- Negative currency translation impact of CHF 45.0 million due to Swiss franc strengthening
- Net financial expense of CHF 4.4 million versus income of CHF 1.7 million in previous year
- Decreased interest income from cash investments by CHF 1.3 million
- Consolidated equity declined to CHF 470.0 million from CHF 505.9 million
Ad hoc announcement pursuant to Art. 53 LR
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Lausanne, Switzerland--(Newsfile Corp. - August 29, 2025) - Ad hoc announcement pursuant to Article 53 of the Six Exchange Regulation Listing Rules
Growth in Revenue1) to CHF 632.1 million, up
Operating profit before depreciation and amortization (EBITDA)1) increase to CHF 114.7 million, up
Net profit Group share of CHF 70.2 million, up
| In CHF m (except basic earnings per share) | H1 2025 | H1 2024 | Variation at current exchange rates | Variation at constant exchange rates |
| Reported results (IFRS) | ||||
| Revenue | 580.1 | 537.1 | + | + |
| Operating profit | 88.2 | 67.4 | + | + |
| Operating margin | | | ||
| Profit before tax | 95.9 | 81.5 | + | + |
| Net profit Group share | 70.2 | 60.0 | + | + |
| Basic earnings per share | 9.14 | 7.98 | + | + |
| Results including share of joint ventures1) | ||||
| Revenue | 632.1 | 577.0 | + | + |
| Operating profit before depreciation and amortization (EBITDA) | 114.7 | 92.2 | + | + |
| Operating margin before depreciation and amortization | | | ||
| Operating profit | 103.5 | 79.9 | + | + |
| Operating margin | | |
1) with proportionate consolidation method for joint ventures
Overview
Compagnie Financière Tradition extended its momentum of previous years, delivering revenue growth across all asset classes and all regions. This performance was supported by elevated market volatility driven by ongoing uncertainty surrounding monetary policy, new trade barriers and heightened geopolitical tensions.
In this context, the Group’s consolidated revenue, including the share of joint ventures, was up
Operating profit before depreciation and amortization (EBITDA), including the share of joint ventures, was CHF 114.7m against CHF 92.2m in H1 2024, up
The variations presented below are shown at constant exchange rates in order to provide a clearer analysis of underlying performance in the context of a strengthening Swiss franc.
Reported revenue and operating profit
Business activity grew during the year with reported consolidated revenue of CHF 580.1m compared with CHF 537.1m in H1 2024, an increase of
Reported operating profit was CHF 88.2m against CHF 67.4m in 2024, up
Net profit
The Group recognised a net financial expense of CHF 4.4m in H1 2025, against income of CHF 1.7m in 2024. Net exchange differences due to foreign currency fluctuations had a negative impact of CHF 4.9m for the period, compared with a nil impact in 2024. Interest income from cash investments was down CHF 1.3m, generating income, net of interest expense on bank borrowings and bonds, of CHF 1.3m against CHF 2.6m in the previous period. This change is mainly due to an increase in interest expense related to the refinancing, in October 2024, of a bond maturing in July 2025 and now fully repaid.
The share in the results of associates and joint ventures was CHF 12.1m against CHF 12.4m in H1 2024, down
The Group’s tax expense amounted to CHF 21.9m against CHF 17.6m in H1 2024 for an effective tax rate of
Consolidated net profit was CHF 74.0 m compared with CHF 63.9m in H1 2024 with a Group share of CHF 70.2m against CHF 60.0m in 2024, an increase of
Balance sheet
The Group maintained its sound balance sheet with a strong capital position, while keeping a low level of intangible assets and a strong net cash position as at 30 June 2025.
Consolidated equity stood at CHF 470.0m at 30 June 2025 (31 December 2024: CHF 505.9m) of which CHF 449.7m was attributable to shareholders of the parent (31 December 2024: CHF 483.0m), for a return on equity of
As at 30 June 2025, the net cash, including the Group’s share in the net cash position of joint ventures, amounts to CHF 278.3m, representing an increase of
Events after the balance sheet date
At the end of July, the joint venture Gaitame.com, consolidated using the equity method, sold its stake in one of its subsidiaries to a third party for an estimated amount of CHF 29,9 million, generating an estimated gain of CHF 15,7 million, of which CHF 7,9 million for the Group's share.
Outlook
Compagnie Financière Tradition’s activity continued its growth momentum at the beginning of the second half of the year. Moreover, the Group intends to pursue its primarily organic growth trajectory by leveraging its global presence and the depth of its brokerage offering across various asset classes. Targeted investments in the digitalization of our activities, particularly through the development of our hybrid brokerage solutions and the expansion of our data and analytics services, remain central to our strategy. Finally, our expertise in data science will continue to foster innovation in our activities and enhance the value delivered to our clients.
Maintaining a strong balance sheet and rigorous cost control remain priorities, ensuring the Group’s ability to swiftly seize growth opportunities, while preserving its resilience and long-term competitiveness.
Half-year report
The 2025 half-year report of Compagnie Financière Tradition SA is now available on the Company’s website at http://tradition.com/financials/reports.aspx
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 and data 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, Chairman
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/264425
FAQ
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