SIX Reports Higher Operating Income Amid Strategic Expansion

SIX Group posted a 4.7% rise in H1 2025 operating income to CHF 823 million, driven by organic growth and the completion of its Aquis acquisition. The deal solidifies its position as a pan-European exchange innovator with access to 16 capital markets. EBITDA excluding transformation costs jumped 14.8%, though adjusted net profit dipped slightly to CHF 111.5 million.

Market volatility from geopolitical tensions and US tariff policies boosted equity trading volumes. SIX maintained flat operating expenses at CHF 475.6 million while achieving a 35.9% EBITDA margin. A CHF 69.3 million non-cash adjustment on Worldline holdings impacted EBIT.

The stable outlook from S&P reflects confidence in SIX's Scale Up 2027 transformation program. Lower interest rates created headwinds, but strategic positioning in European markets continues to drive performance.