Valiant (VATN) Q1 2025 earnings summary

Executive summary

• Consolidated profit rose 3.2% year-over-year to CHF 32.7 million as of 31 March 2025.

• Operating income decreased 1.9% year-over-year to CHF 133.5 million.

• No material changes in group accounting principles or significant post-balance sheet events.

Financial highlights

• Net result from interest operations declined 4.5% year-over-year to CHF 96.3 million.

• Commission business and services income increased 10.8% year-over-year to CHF 24.6 million.

• Operating expenses rose 1.2% year-over-year to CHF 74.6 million.

• Total assets increased 1.2% since 31 December 2024, reaching CHF 37.6 billion.

• Equity capital grew 1.5% to CHF 2.72 billion.

Outlook and guidance

• No material factors influenced the group's financial situation during the reporting period or compared with the previous period.