Compagnie Financière Tradition (CFT) reported a solid first-half performance in 2026, with its retail foreign exchange business recording notable growth alongside broader gains across the group.
Revenue from Gaitame, CFT’s Japanese retail FX operation, rose 8.9% during the first six months of the year to CHF 22.9 million, equivalent to approximately $28.4 million.
The increase was supported by the integration of Money Partners Group, the Tokyo-based retail brokerage business acquired by CFT. Money Partners provides access to products including foreign exchange and crypto CFDs, and its contribution helped strengthen the group’s retail trading activities in Japan.
The integration also supported a sharp increase in CFT’s share of results from associates and joint ventures. That figure reached CHF 16.1 million, or around $20.0 million, representing growth of 51% at constant exchange rates.
The improvement in retail FX revenue came as part of a broader period of growth for Tradition.
Total consolidated revenue, including joint ventures, reached CHF 646.2 million in the first half of 2026, approximately $801.3 million. This represented year-on-year growth of 10.4%.
Reported consolidated revenue stood at CHF 597.8 million, or around $741.3 million, with growth of 11.0% at constant exchange rates.
The figures reflected continued momentum across CFT’s brokerage operations despite the impact of currency movements during the period.
Operating profit for the first half came in at CHF 88.0 million, equivalent to approximately $109.1 million.
On a reported basis, operating profit was broadly stable, declining by only 0.2%, while at constant exchange rates the figure increased by 7.4%.
Group net profit showed stronger growth, reaching CHF 79.1 million, or approximately $98.1 million. This marked an increase of 12.6% on a reported basis and 22.5% when measured at constant exchange rates.
Basic earnings per share also improved, rising 14.1% to CHF 10.43, or approximately $12.93.
Net cash, including the group’s share in joint ventures, stood at CHF 265.8 million, equivalent to around $329.6 million.
Total consolidated equity reached CHF 514.4 million, or approximately $637.9 million.
The group’s strong balance sheet provides additional capacity to support further investment and expansion across its global brokerage activities.
Looking ahead to the second half of 2026, Tradition said it intends to continue pursuing organic growth, including through targeted recruitment across its commercial teams.
The group also plans to maintain investment in the digitalisation of its brokerage services.
Key areas of focus include data analytics and artificial intelligence, which CFT expects to use to enhance client services, improve internal processes, and increase operational efficiency across its international businesses.
The continued growth of Gaitame and the contribution from Money Partners highlight the increasing importance of CFT’s retail trading operations alongside its traditional interdealer brokerage business.
