Business
Cembra reports 11% increase in net income in the first half of 2025
Cembra reports 11% increase in net income in the first half of
About this update from Cembra Money Bank Ag
[{"type":"text","content":"\nCembra Money Bank AG / Key word(s): Half Year Results\n\nCembra reports 11% increase in net income in the first half of 2025 \n24-Jul-2025 / 06:30 CET/CEST\n\nRelease of an ad hoc announcement pursuant to Art. 53 LR\n\nThe issuer is solely responsible for the content of this announcement.Ad hoc announcement pursuant to Art. 53 LRContinued successful strategy execution results in 11% increase in net income to CHF 87.2 millionPerformance driven by significant progress in efficiency programmes and favourable developments in loss performance and funding costs Net revenues and net financing receivables stable reflecting continued selective growth in softened macro environment and lower interest ratesCost/income ratio improved to 47.6% (H1 2024: 50.4%) and continued solid loss performance at 0.9% (H1 2024: 1.0%)Return on equity at 13.8%, with strong Tier 1 capital ratio of 17.7%Outlook for the financial year 2025 and 2026 financial targets confirmed, supported by increased growth momentum, further efficiency gains, and active capital managementZurich, 24 July 2025 – In the first half of 2025, Cembra recorded an increase of net income of 11% to CHF 87.2 million, or CHF 2.97 per share, driven by the continued successful implementation of its strategy. Net financing receivables were stable at CHF 6.6 billion, reflecting deliberate selective growth and the focus on profitability. Net revenues remained flat, compensating the reduction of the maximum interest rates in consumer finance since January 2025. The progress made in the strategic transformation was particularly evident in a significant reduction in operating expenses by 6%, resulting in a decline of the cost/income ratio to 47.6%. The Group’s loss performance continued to remain solid with a loss rate at 0.9%. As a result, return on equity came in at 13.8%, and the Tier 1 capital ratio stood at 17.7%.\n \n\nCEO Holger Laubenthal commented: “In the first half of 2025, we delivered strong net income growth and continued to make significant progress with our strategic transformation, achieving further key milestones. We enhanced and simplified our products and services for customers, while maintaining a clear focus on profitability in a softened macro environment. The benefits of our strategic investments are clearly visible in the significant reduction in operating expenses. W...