Switzerland · Delayed Price · Currency is CHF Leonteq AG Earnings Call Transcripts
Fiscal Year 2025
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2025 saw a net loss driven by challenging markets, margin compression, and regulatory costs, but cost reductions and strategic progress set the stage for a return to profitability in 2026. CET1 ratio improved to 16.9%, and expansion into Germany is expected to drive growth.
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Underlying PBT rose 33% to CHF 17 million in H1 2025, with costs down 11% and CET1 at 14.4%. Strategic focus is on resizing, optimizing, and expanding, targeting 7% revenue growth and a 10% return on tangible equity by 2027. Excess capital returns are planned for H1 2027.
Fiscal Year 2024
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2024 saw a sharp decline in profits amid margin compression and regulatory changes, but strong growth in new business initiatives and platform activity. The company expects profitability in 2025, with a new CEO and updated capital policy following regulatory transition.
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Net profit rebounded to CHF 15.7 million in H1 2024, driven by record client activity and strong growth in balance sheet light and fund derivatives businesses. CEO succession and ongoing cost optimization signal continued transformation amid challenging market conditions.