Slides
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28 August 2026 Lausanne 2026 Half Year Results Presentation
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2 *Including group share of joint ventures **Before deduction of treasury shares of CHF 50m. Reported shareholders’ equity amount to CHF 514.4 as at 30 June 2026 CFT HY2026 Key Financial Metrics Strong underlying performance despite significant FX headwinds in 1H26 Variations at constant rates CHF 120m CHF 108m CHF 79m CHF 564m CHF 266m Margin: 18.6% Margin: 16.8% RoE: 16.1% (half-year return) 2 +22.5% +13.3% +0.9% Productivity up 10.4% CHF 646m +10.4% +13.8% +13.8% Compagnie Financière Tradition Net profit – Group share Shareholders’ equity** Net cash position* Revenue* EBITDA* Operating profit* EPS: CHF 10.43, up 14.1% in current rate H1 2025: CHF 632m H1 2025: CHF 115m, Margin 18.1% H1 2025: CHF 104m, Margin 16.4% H1 2025: CHF 278mH1 2025: CHF 510m, ROE:15.0 %H1 2025: CHF 70m, EPS: 9.14
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3 16,7 24,5 22,9 H1 2024 H1 2025 H1 2026 560,3 607,6 623,3 H1 2024 H1 2025 H1 2026 537,1 580,1 597,8 39,9 52,0 48,4 577,0 632,1 646,2 H1 2024 H1 2025 H1 2026 Joint ventures Subsidiaries (reported) Reported Revenue / Revenue including share of JV (mCHF) +10.4% Double-digit underlying revenue growth significantly diluted by FX headwinds Growth across both IDB and Non-IDB (Gaitame.com) businesses 632,1 646,2 1H2025 Increase in local currency FX impact 1H2026 -51.4+65.5 +10.4% +8.9% +10.4% +2.2% +2.6% -6.6% Current (Wholesale) (Retail) +11.0% Variations at constant rates Revenue Growth in local currency (mCHF) +3.1%
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4 36% 28% 24% 12% United Kingdom Americas Asia Pacific Continental Europe Broad-based revenue growth across all regions, led by EMEA Positive revenue momentum sustained across all geographies, reflecting the Group’s diversified business model Revenue including share of JVs by region, H1 2026 (%) Growth contribution by region, H1 2026 (constant rates) 10,4% 9,8% 9,7% EMEA Asia-Pacific Americas 30% 33% 35% 14% 12% 12% 32% 30% 29% 22% 21% 20% 3 3 4 1H 2024 1H 2025 1H 2026 United Kingdom Continental Europe Americas Asia Pacific Non IDB United Kingdom includes offices in EMEA managed through our London offices. Region mix, trend of revenue (%)
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5 Diversified product portfolio across asset classes, with growth led by Securities and Derivatives Data business performed strongly with revenue growth firmly in double digits Wholesale revenue incl. share of JVs by product, H1 2025 growth (constant rates) 8,6% 14,5% 8,6% Currencies and rates Securities and derivatives Energy, commodities, other Product mix, trend of revenue (%) 40% 42% 41% 31% 29% 30% 27% 25% 26% 2% 3% 4% 1H 2024 1H 2025 1H 2026 Currencies & rates Securities Energy & commodities Non-IDB Product portfolio 1 Currencies and rates Interest rate derivatives, money markets, FX forwards and options, futures 2 Securities and derivatives Government and corporate bonds, credit derivatives, repos, equity derivatives and cash equities 3 Energy and commodities Oil, gas, power, metals, environmental products and C&I energy advisory 4 Retail FX (non-IDB) Gaitame.com, Electronic forex brokerage equity-accounted at 50%,
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6 83,7 105,5 105,0 8,5 9,2 15,1 92,2 114,7 120,1 H1 2024 H1 2025 H1 2026 IDB Non IDB 879 970 997 H1 2024 H1 2025 H1 2026 M CHF In % of revenue margin 16.0% 18.1% (At constant rates) (Variation at constant rates) 908 937 954 1.546 1.590 1.615 2.454 2.527 2.569 31.12.2024 31.12.2025 30.06.2026 Support Front office 18.6% +13.8% EBITDA up 13.8% to CHF 120.1m, including share of joint ventures, with margin increasing to 18.6% Average annualized productivity per individual up 10.5% to CHF 997,000 +10.5% 56,8 54,7 56,6 14,0 13,3 13,6 14,3 14,6 13,0 14,9 17,4 16,8 H1 2024 H1 2025 H1 2026 Margin Non compensation costs Support compensation Operational compensation EBITDA including share of JVs (CHF m) and margin (%) Cost ratios as a share of IDB revenue (%) IDB headcount (period end) IDB annualized broker productivity (CHF 000 per individual)
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7 33,5 49,1 45,8 H1 2024 H1 2025 H1 2026 At current rates At constant rates 17,0 18,1 30,3 H1 2024 H1 2025 H1 2026 At current rates At constant rates Gaitame.com: EBITDA up 95.5% to CHF 30.3m (100% basis), margin reaching 66.1% with revenue growth of 8.9% at constant exchange rates; client deposits of approximately $1bn Successful integration of Money Partners Group by Gaitame.com; strong momentum of its business margin * Figures presented at 100%. Group stake of 50% accounted as an equity investment (variation at constant rates) (variation at constant rates) -1.4% 50.8% 36.8% +8.9% +11.0% 66.1% +95.5% Revenue (CHF m, 100% basis) EBITDA (CHF m, 100% basis) Client deposits (CHF m, 100% basis) Number of client (In thousands, 100% basis) 748,5 876,0 812,3 30.06.2024 30.06.2025 30.06.2026 At current rates At constant rates 621,5 927,3 914,1 30.06.2024 30.06.2025 30.06.2026
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8 Strong net profit growth of 22.5% at constant exchange rates, with EPS benefiting from both higher earnings and a lower share count Improved net financial result and lower effective tax rate of 23.4% further supported earnings growth CHF m (except where stated otherwise) H1 2025 H1 2026 Var. current Var. constant Operating profit 88.2 88.0 94.7 -0.2% Net financial result -4.4 -1.1 -1.1 -75.0% Share of profit of associates and JVs 12.1 16.1 18.3 33.4% Profit before tax 95.9 103.0 111.9 7.4% Income tax -21.9 -20.4 -7.0% 0.1% Effective tax rate -26.1% -23.4% Non-controlling interests -3.8 -3.6 -5.0% 4.7% Net profit – Group share 70.2 79.1 12.6% 22.5% Basic EPS (CHF) 9.14 10.43 14.1% 24.2% Diluted EPS (CHF) 8.80 9.95 13.1% 23.0% Weighted average shares outstanding (m) 7.66 7.52 Net financial result • H1 2026: net FX losses of CHF 0.4m improving from CHF 4.9m in 1H 2025 • Lower net interest income of CHF 0.6m from lower interest yield environment and in spite of reduced interest expenses with the July 2025 repayment of the CHF 130m bond • Increase in interest expense on lease liabilities to Effective tax rate • 1H2026 effective rate of 23.4% against a normative rate of 21.1% • Principal reconciling item is non-deductible expenses (3% in 1H2026) • Geographic mix of profits drives period-to-period movement
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9 Strong financial position, underpinned by a robust cash position and substantial tangible shareholders’ equity Balance sheet strength remains a clear differentiator versus peers CHF m 30.06.2025 31.12.2025 30.06.2026 Other non current assets 36.2 38.7 36.8 Goodwill and intangible assets 46.7 49.0 51.1 Right-of-use assets 29.0 56.0 58.1 Investments in associates and JVs 124.8 131.5 130.6 Unavailable cash 30.3 31.1 32.2 Non current assets 290.9 337.3 337.6 Receivables related to MP 577.0 109.2 596.5 Trade and other receivables 342.9 336.0 378.6 Cash and financial assets 342.8 329.0 293.1 Current assets 1’420.7 823.1 1’326.5 Total assets 1’711.6 1’160.4 1’664.1 CHF m 30.06.2025 31.12.2025 30.06.2026 Capital and share premium 64.8 65.1 66.4 Treasury shares -40.2 -54.3 -49.6 Currency translation -314.7 -331.2 -327.0 Consolidated reserves 739.8 810.2 803.5 Equity attributable to shareholders 449.7 489.7 493.3 Non-controlling interests 20.3 21.8 21.2 Total equity 470.0 511.5 514.4 Long-term financial debts 179.5 179.6 179.6 Long-term lease liabilities 24.3 51.5 51.7 Other non-current liabilities 26.3 24.4 23.9 Non current liabilities 230.1 255.5 255.2 Short-term financial debts 137.4 13.5 0.9 Short-term lease liabilities 11.4 12.3 13.1 Trade and other payables 299.8 264.1 289.9 Receivables related to MP 562.9 103.6 590.6 Current liabilities 1’011.5 393.5 894.5 Total Equity and liabilities 1’711.6 1’160.4 1’664.1
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10 489,7 79,1 57,1 22,7 0,1 0,3 26,9 27,2 4,2 0,1 493,3 2025.12 Net profit Dividend Purchase of treasury shares Capital increase Capital decrease Reserve impact of treasury share cancellation Treasury share cancellation Currency translation Other 2026.06 Strong balance sheet maintained with CHF 265.6m net cash and CHF 564.0m shareholders’ equity, excluding treasury shares; financial debt further reduced CHF 22.7m of shares repurchased in 1H 2026 with CHF 27.2m of treasury shares cancelled in June 2026 739,8 810,2 803,5 20,3 21,8 21,2 -40,2 -54,3 -49,6 -314,7 -331,2 -327,0 64,8 65,1 66,4 470,0 511,5 514,4 2025.06 2025.12 2026.06 Consolidated reserves Minority interests Treasury Shares Currency translation Capital and Share premium -307,6 -191,6 -179,6 75,8 84,8 84,2 278,3 282,7 265,8 2025.06 2025.12 2026.06 Cash in JVs Financial debts** Cash and cash equivalents* -0.9% 361.2 *Total cash adjusted from variation in MP activities ** Excluding lease obligations and overdrafts related to MP activites 389.5 510.1 Shareholders’ equity (CHF m) Net cash position including share of JV Shareholders’ equity Group share (CHF m)
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11 New share buyback program launched in 2026, authorizing the repurchase of up to 300,000 shares over three years; 251,574 shares cancelled to date, representing 3.28% of share capital As at 30 June 2026, 7,965,636 shares were issued, of which 7,601,648 were outstanding; treasury shares~4.6% 7.621 60 33 48 2 7.602 31.12.2025 New shares Acquisition 1st Acquisition 2nd Disposal 30.06.2026-415 -386 -364 7.671 7.621 7.602 8.086 8.007 7.966 31.12.2024 31.12.2025 30.06.2026 Total shares Shares o/s Treasury shares 34,1 36,4 45,2 15,4 17,8 4,4 49,4 54,3 49,6 31.12.2024 31.12.2025 30.06.2026 Treasury shares of which share buyback program 306,3 317,7 349,3 108,8 68,2 14,7 415,1 385,9 364,0 31.12.2024 31.12.2025 30.06.2026 4.6%4.8%5.1% Total number of shares (thousands) Current year changes in # shares outstanding (thousands) Treasury shares - Number and % of capital Treasury shares at book value (mCHF)
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From inception and delivery to acceleration and transformation 2023 GenAI 2026+ Group-wide AI integration CURRENT FOCUS Quality, value, proprietary data core Scalability, efficiency, broker value, new value
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DATA AND AI CAPABILITIES Progress by workstream BASELINE 01/01 → YTD 2026 Front office impact 01 LAST UPDATE AI tools Pricing models · ML counterparty/market intel: 1 asset/1 region, rapid scale · TradTalk: internal app leveraging genAI to model unstructured data · ML pricing: live across 2 derivatives markets · First agentic workflow enhancement: Tradition Energy S&M Proven use cases scalable across assets, brands, regions, divisions Business support efficiency, enablement 02 LAST UPDATE TradGPT: HQ Risk management (RM) · TradGPT: live rollout to EMEA+Americas (test users active) · AI Champions communities established · Internal multi-source ML risk models deployed · AI coding assistants driving productivity gains at CFT HQ · Phased RM track: feasibility study for 3P surveillance internalization next Embedding AI transformation mindset across support functions and regions Data monetization 03 LAST UPDATE Capability building phase Structured and unstructured data · TraditionData commercially live on Data Platform for order/trade data · Internal source onboarding on track; more datasets in pipeline Transitioning to commercial realization Aligns with hybrid/electronic platform expansion Organization & talent development Centralized CoC Team of 20 (1/1) · · · Scaling beyond HQ, while maintaining excellence 02 / 02
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14 Roadmap based on growth initiatives, operational performance and quality of balance sheet Macroeconomic conditions create positive momentum across asset classes Our track record demonstrates our agility in navigating both cyclical volatility and structural market shifts Sustained focus on margin expansion through disciplined cost management and continuous efficiency improvements Disciplined investment in hybrid brokerage, digitalisation, and Data & Analytics, leveraging our proprietary data science and AI capabilities to enhance front-office activities while streamlining and improving the efficiency of support processes Further growth in shareholders’ equity alongside a reliable distribution policy and buy-back program Market Resilience Organic growth Digital and AI Transformation Capital allocation 1 2 3 Cost management 4 5 Pursue our brokerage growth strategy primarily through targeted talent recruitment, product expansion across geographies and the continued development of our Data & Analytics business
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Events calendar: Thursday 5 November 2026 Publication of consolidated revenue for the third quarter 2026 (before the opening of the stock exchange)
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Thank you Compagnie Financière Tradition