VIEL & Cie (VIL) H1 2025 earnings summary

Executive summary

• Consolidated revenue rose 9.4% year-over-year to €653.5 million in H1 2025, reflecting strong business momentum across all segments.

• Operating income increased 15.6% year-over-year to €124.8 million, including associates.

• Net income attributable to the group grew 5.7% year-over-year to €69.2 million.

Financial highlights

• Operating profit reached €103.7 million, up 25.9% year-over-year at constant exchange rates.

• Operating margin improved to 15.9% from 13.8% in H1 2024.

• Operating expenses increased 6.8% to €551.5 million.

• Financial result turned negative at -€2.2 million, mainly due to €7 million lower foreign exchange gains.

• Shareholders' equity stood at €709.9 million as of June 30, 2025.

Outlook and guidance

• Focus remains on organic growth, investment in hybrid brokerage, and data analytics.

• Cost management and balance sheet strength are strategic priorities.

• Online trading activity remains robust amid market volatility; interest income remains high but tracks interest rate trends.