Swiss-headquartered interdealer broker Compagnie Financière Tradition (CFT) has posted solid financial results for the first half of 2026, supported by steady growth across its foreign exchange business.
Revenue from Gaitame, the group's Japanese retail FX division, climbed 8.9% to $28.4 million (CHF 22.9 million) during the first six months of the year.
The retail division benefited from the successful integration of Money Partners Group, a Tokyo-based retail broker that offers among others crypto CFDs and FX trading. The acquisition provided substantial business momentum and helped lift CFT's share of results from associates and joint ventures by 51% at constant exchange rates to $20.0 million (CHF 16.1 million).
Broad Gains in Revenue and Group Profit
The performance of the FX division formed part of a wider period of growth across CFT's operations. Total consolidated revenue, including joint ventures, increased by 10.4 percent year-on-year to $801.3 million (CHF 646.2 million), up from $783.8 million (CHF 632.1 million) in the first half of 2025. Reported consolidated revenue reached $741.3 million (CHF 597.8 million), up 11.0 percent at constant exchange rates.
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Operating profit stood at $109.1 million (CHF 88.0 million). While currency movements led to a slight 0.2 percent decline on a reported basis, underlying operating profit rose by 7.4 percent when calculated at constant exchange rates.
Group net profit experienced double-digit expansion, rising 12.6 percent on a reported basis to $98.1 million (CHF 79.1 million), which equals a 22.5 percent increase at constant currency. Basic earnings per share subsequently improved by 14.1 percent to $12.93 (CHF 10.43).
Balance Sheet Strength and Tech Expansion
CFT closed the period with a solid financial position, maintaining $329.6 million (CHF 265.8 million) in net cash, including its share in joint ventures, and total consolidated equity of $637.9 million (CHF 514.4 million).
Moving into the second half of the year, the Group plans to pursue further organic expansion through targeted hiring in its commercial teams. It also confirmed it will continue investing in the digitalisation of its brokerage services, focusing on data analytics and artificial intelligence to support client services and improve operational efficiency across global markets.
