The Saxo Bank Group achieved a net profit of EUR 73 million in the first half of the year, representing an 18% increase compared to the same period in 2024. The group is now servicing a record 1.4 million clients globally, with client assets amounting to EUR 118 billion, the highest in company history.
In the first half of 2025, the Saxo Bank Group delivered good, stable growth, with net profits reaching EUR 73 million and a total income of EUR 335 million. Saxo Bank has experienced a significant client inflow, achieving a new record of 1.4 million clients, representing a 13% increase compared to H1 2024. This growth has contributed to client assets reaching a record EUR 118 billion.
The year has so far seen global unrest in the financial markets due to geopolitical tension, leading to increased market volatility and resulting in higher trading activity compared to the same period last year. Consequently, the number of trades on Saxo Bank Group’s investment platforms increased by 28%, driven primarily by the year's first four months, followed by a more normalised activity level in Q2.
Saxo Bank's strategic focus remains clear and unchanged: expanding the client base while continuously improving investment platforms, products, and services, complemented by highly competitive pricing that empowers clients to make more of their money. Additionally, Saxo has undergone a process to reduce geographical footprint and complexity, establishing a strong foundation for future growth by concentrating on core markets. This refined strategic focus strengthens the Group's compliance, reduces risk, and enhances operational efficiency.
H1 2025 key financial figures (H1 2024)
- Total income: EUR 335 million (EUR 311 million)
- Net profit (adjusted): EUR 69 million (EUR 68 million)
- Net profit: EUR 73 million (EUR 62 million)
- Total client assets: EUR 118 billion (EUR 109 billion)
- Total number of clients: 1,391,000 clients (1,228,000 clients)
- Total capital ratio: 28.3% (27.5%)
Commenting on the results, Kim Fournais, CEO and Founder of Saxo Bank, said: “In the first half of 2025, I am glad that we continue to see a steady, positive development and growth across our business, despite reducing our geographical footprint. The investment culture worldwide is thriving, and I am pleased that so many new investors are choosing to start and continue their investment journey with Saxo. We now have a record 1.4 million clients who trust us with EUR 118 billion in client assets. It seems clear that our long-term commercial strategy is aligned with client needs, and I am confident that our continuous growth is a result of our unwavering commitment to strengthen our investment platforms, products, services, and competitive pricing. We have also welcomed more employees in business-critical areas such as cyber security, compliance, and anti-money laundering, underscoring our dedication to safeguarding our clients and maintaining the integrity of our operations”.
In March, Saxo Bank announced the signing of a strategic acquisition by J. Safra Sarasin Group of approximately 70% of Saxo Bank A/S, previously held by Geely Financials Denmark and Mandatum Group. For Saxo Bank, joining the J. Safra Sarasin Group represents an exceptional opportunity to strengthen the foundation for continued growth, delivering award-winning platforms and innovative products to our clients and partners. The transaction is pending standard regulatory approval.
