Saxo Bank Posts 18% Rise In H1 2025 Net Profit As Client Base Hits Record 1.4 Million

Danish investment bank and online trading provider Saxo Bank reported a net profit of EUR 73 million for the first half of 2025, up 18% on the same period in 2024, as client numbers and assets reached fresh highs. Total income rose to EUR 335 million from EUR 311 million in H1 2024.

Record client inflows lifted the group to 1.4 million clients globally (1,391,000 on a reported basis), a 13% increase year on year. Client assets climbed to a record EUR 118 billion, compared with EUR 109 billion in H1 2024.

The group said heightened market volatility tied to geopolitical tensions supported higher trading activity versus a year earlier. Trades executed across Saxo Bank’s investment platforms increased by 28% in the half, with momentum strongest in the first four months before activity normalised in the second quarter.

Saxo Bank said its strategic focus remains on expanding the client base and enhancing platforms, products and services, alongside competitive pricing. The group has also trimmed its geographical footprint to concentrate on core markets, a move it said strengthens compliance, reduces risk and improves operational efficiency.

H1 2025 Key Figures (H1 2024):
🔹 Total Income: EUR 335 million (EUR 311 million)
🔹 Net Profit (Adjusted): EUR 69 million (EUR 68 million)
🔹 Net Profit (Reported): EUR 73 million (EUR 62 million)
🔹 Total Client Assets: EUR 118 billion (EUR 109 billion)
🔹 Total Number Of Clients: 1,391,000 (1,228,000)
🔹 Total Capital Ratio: 28.3% (27.5%)

Kim Fournais, CEO & Founder, Saxo Bank

Commenting on the results, CEO & Founder Kim Fournais said the bank continued to see steady growth despite a reduced footprint and pointed to resilient investor interest:  

“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”.

— Kim Fournais, CEO And Founder, Saxo Bank

In March, Swiss private banking group J. Safra Sarasin agreed to acquire approximately 70% of Saxo Bank A/S from Geely Financials Denmark and Mandatum Group. The transaction, which Saxo Bank said would support continued growth and product development for clients and partners, is pending standard regulatory approval.