Switzerland's Leonteq H1 net profit rises 37% as costs fall

Leonteq AG

23/07/2026 05:39

    

    Overview
  
Switzerland fintech firm's H1 net profit rose 37% yr/yr to CHF 12.7 mln
H1 operating expenses fell 10% yr/yr, reflecting cost programme benefits
Company plans share buyback in early 2027 if capital ratio stays above 15%

    

    Outlook
  
Leonteq confirms full-year guidance and expects a positive pre-tax result for 2026
Company projects total operating expenses of about CHF 200 mln for 2026

    

    Result Drivers
  
FEE INCOME GROWTH - Net fee income rose 10% yr/yr to CHF 96.8 mln, supported by increased client activity and improved sentiment
COST REDUCTION - Operating expenses fell 10% yr/yr to CHF 99.2 mln, reflecting benefits from the cost programme started a year ago
HEDGING ACTIVITIES - Hedging activities contributed positively, though below the prior-year period, as market volatility normalised

    
Company press release: ID:nEQ22MgmRa

    

    Key Details
  

            Metric
          

            Beat/Miss
          

            Actual
          

            Consensus Estimate
          
H1 Turnover
 
CHF 15.90 bln
 
H1 EPS
 
CHF 0.71
 
H1 Net Income
 
CHF 12.70 mln
 
H1 Operating Expenses
 
CHF 99.20 mln
 
H1 Operating Income
 
CHF 111.60 mln
 

    

    Analyst Coverage
  
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the financial technology (fintech) peer group is "buy"
Wall Street's median 12-month price target for Leonteq AG is CHF19.00, about 18.6% above its July 22 closing price of CHF16.02
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 14 three months ago

    

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)