Leonteq AG (LTS:0QNE)

Half Year 2025 Leonteq AG Earnings Call Transcript

Jul 24, 2025 / 08:30 AM GMT

Release Date Price: CHF18.78 (-18.70%)

Transcript

Key Points

Positve

Leonteq AG (XSWX:LEON) reported a 33% year-on-year increase in underlying profit before taxes, reaching CHF 17 million in the first half of 2025.
The company disclosed a strong CET 1 ratio of 14.4% as of June 30, 2025, exceeding the regulatory minimum requirement of 10.5%.
Leonteq AG has taken decisive actions to restore profitability while maintaining strong regulatory discipline.
The company has announced new financial targets for 2027, aiming for significant revenue growth with a broadly flat cost base.
Recurring revenues from actively managed certificates continued to register notable growth, indicating strong performance in this segment.

Negative

Total operating income decreased by 7% to CHF 124 million year-on-year, mainly due to lower net fee income and a reduction in net interest results.
The overall turnover decreased by 8% year-on-year to CHF 15 billion, with a significant drop in turnover with historic partners.
Net fee income from large ticket transactions decreased substantially to CHF 2.4 million in the first half of 2025 compared to CHF 10.6 million in the prior year period.
The company faced challenges due to uncertainty around legacy compliance matters, which weighed on client activity.
Interest rate hikes in past years reduced the relative attractiveness of Leonteq AG's yield enhancement products, impacting performance.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

LEON.S - Leonteq AG
Half Year 2025 Leonteq AG Earnings Call
Jul 24, 2025 / 08:30AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning, everyone, and welcome to the press conference call of Lex's half year 2025 results. The presentation material and the half year report 2025 can be found in the IR section of our website.

There you will also see and find the time series data excel file and the comparison of the analyst consensus versus our actual reported results.

Here with me today, our Chief Executive Officer, Christian Spilo and our Chief Financial Officer, Hanswiedler.

We will start the presentation with our key messages.

And then further discuss the financial performance of the first half of 2025.

This will then take you through a strategy update for the tech before we then move to the Q&A session at the end.

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