Business
Press release: Leonteq publishes half-year 2025 results
Press release: Leonteq publishes half-year 2025
About this update from Leonteq Ag
[{"type":"text","content":"\nLeonteq AG / Key word(s): Half Year Results\n\nPress release: Leonteq publishes half-year 2025 results \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.PRESS RELEASE | LEONTEQ PUBLISHES HALF-YEAR 2025 RESULTS\n\nZurich, 24 July 2025 | Ad hoc announcement pursuant to Art. 53 LR\n Leonteq AG (SIX: LEON) reported underlying profit before taxes of CHF 17.1 million (+33% YoY) for H1 2025 and is on track to deliver profitable underlying results for the full-year 2025. Under the new regulatory regime, Leonteq reported strong capital ratios. Management defined a clear plan to restore consistent profitability and to unlock excess capital for shareholders. Financials H1 2025 vs H1 2024Total operating income of CHF 124.3 million (down 7%) reflecting lower net fee income, partially offset by increase in net trading resultOperating expenses down 9% to CHF 109.7 million, or down 11% on an underlying basis excluding CHF 2.5 million in resizing and regulatory transition costsUnderlying profit before taxes up 33% to CHF 17.1 million (IFRS reported profit before taxes: CHF 14.1 million)Underlying Group net profit of CHF 12.3 million (IFRS Group net profit: CHF 9.3 million), compared to CHF 15.7 million in H1 2024 Transition to new regulatory regime Strong CET1 and total capital ratio according to SSA at 14.4% as of end-June 2025Implementation of SA-FRTB well advanced – to replace SSA capital calculations in due courseExpecting CET1 ratio of at least 14% once SA-FRTB implemented“ROE” plan to drive stronger returns Through a focused strategy to Resize, Optimise and Expand, Leonteq seeks to deliver a 7% compound annual revenue growth (2024-2027) with a broadly flat cost base Targeting CHF 60-80 million in profit before taxes and return on tangible equity of approximately 10% for financial year 2027New capital return policy for financial year 2025 et seq.Dividend payout ratio of ~30% of Group net profitsShare buy-back threshold at >15% CET1 ratio (SA-FRTB implemented)Ambition to return excess capital in H1 2027Change to the Executive Committee Eric Finn Schaanning appointed as Chief Risk Officer effective 1 October 2025, succeeding Reto Quadroni\nChristian Spieler, CEO of Leonteq, stated: “Leonteq’s financial performance in the...