Compagnie Financière Tradition continued its growth momentum in the first half of 2026, building on the positive momentum observed in previous years.

The appreciation of the Swiss franc against most currencies, particularly against the US dollar and the Japanese yen, had a significant impact on reported revenue in Swiss francs compared with revenue calculated at constant exchange rates.

In this context, the Group’s consolidated revenue, including the share of joint ventures, was up 10.4% at constant exchange rates to CHF 646.2 million, compared with CHF 632.1 million in the first six months of last year.

Revenue from interdealer broking (IDB) business was up 10.4% at constant exchange rates to CHF 623.3 million, while revenue from the business dedicated to retail clients in Japan (Non-IDB) was up 8.9% at constant exchange rates to CHF 22.9 million. The data and analytics business recorded a double-digit growth over the period at constant exchange rates.

Operating profit before depreciation and amortization (EBITDA), including the share of joint ventures, was CHF 120.1 million against CHF 114.7 million in the first half of 2025, up 13.8% at constant exchange rates, while the increase was 4.8% on a reported basis, with the foreign exchange impact amounting to CHF 9.5 million. The operating margin before depreciation and amortization increased to 18.6% from 18.1% one year earlier.

The Group recorded a net financial expense of CHF 1.1 million in the first half of 2026, compared with CHF 4.4 million in the first semester of 2025. Net foreign exchange differences arising from currency fluctuations had a negative impact of CHF 0.4 million during the period, compared with CHF 4.9 million in the previous year. Interest income from cash investments decreased by CHF 1.6 million, resulting in net interest income after financial expenses on credit facilities and bonds, of CHF 0.7 million compared with CHF 1.3 million in the previous period.

The share in the results of associates and joint ventures was CHF 16.1 million against CHF 12.1 million in the first half of 2025, up 51.0% at constant exchange rates, mainly as a result of the successful integration of Money Partners Group by Gaitame and the strong momentum of its business.

The Group’s tax expense amounted to CHF 20.4 million against CHF 21.9 million in the first half of 2025 for an effective tax rate of 23,4% against 26,1% in the previous period.

Net profit Group share was CHF 79.1 million compared with CHF 70.2 million in the first half of 2025, an increase of 22.5% at constant exchange rates and 12.6% on a reported basis. Basic earnings per share amounted to CHF 10.43 compared with CHF 9.14 in the first half of 2025, an increase of 14.1% on a reported basis.

The Group maintained its sound balance sheet, characterised by a high level of equity, a low level of intangible assets and a strong net cash position as at 30 June 2026.

Consolidated equity stood at CHF 514.4 million at 30 June 2026 (31 December 2025: CHF 511.5 million), of which CHF 493.3 million was attributable to shareholders of the parent (31 December 2025: CHF 489.7 million), for a return on equity of 16.1% during the first half of the year. Consolidated equity, before deduction of treasury shares in the amount of CHF 49.6 million, was CHF 564.6 million.

As at 30 June 2026, net cash, including the Group’s share in the net cash position of joint ventures, amounted to CHF 265.8 million, stable at constant exchange rates compared with the same period last year. Total cash, including financial assets at fair value, net of financial debt, was CHF 181.6 million at 30 June 2026 against CHF 197.9 million at 31 December 2025.