Saxo Bank has released its financial report for the first half of 2025, indicating that the company got off to a very good start to the year, with increases in both Revenues and Profits from 2024 levels. Indeed, it seems as though H1 2025 was one of the best six-month periods in years for the Copenhagen based Retail FX and CFDs broker.

Revenues at Saxo Bank came in at DKK 2.501 billion (USD $390 million), up by 6% over H2 2024 and the best Revenue figure for Saxo since we began tracking their results in 2017. Net profit of DKK 548 million ($85 million) was up by just 1% over H2 2024, but still represented Saxo’s best bottom-line result since the second half of 2018.

Saxo Bank explained that it has experienced significant client inflow during the first six months of the year, achieving a new record of 1.4 million clients, representing a 13% increase compared to H1 2024. This growth has contributed to client assets reaching a record EUR 118 billion.

Saxo Bank agreed to be acquired by Safra Group for $1.74 billion back in March. The transaction is still pending standard regulatory approval.

Commenting on the results, Kim Fournais, CEO and Founder of Saxo Bank, said,

“In the first half of 2025, I am glad that we continue to see a steady, positive development and growth across our business, despite reducing our geographical footprint. The investment culture worldwide is thriving, and I am pleased that so many new investors are choosing to start and continue their investment journey with Saxo. We now have a record 1.4 million clients who trust us with EUR 118 billion in client assets.

“It seems clear that our long-term commercial strategy is aligned with client needs, and I am confident that our continuous growth is a result of our unwavering commitment to strengthen our investment platforms, products, services, and competitive pricing. We have also welcomed more employees in business-critical areas such as cyber security, compliance, and anti-money laundering, underscoring our dedication to safeguarding our clients and maintaining the integrity of our operations.”

Saxo Bank’s full H1 2025 report can be seen here (pdf).