Societe Generale ( (SCGLY) ) has released its Q2 earnings. Here is a breakdown of the information Societe Generale presented to its investors.
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Societe Generale is a leading French multinational banking and financial services company, operating primarily in the banking sector with a strong presence in retail banking, corporate and investment banking, and financial services. The company is known for its comprehensive range of services and its commitment to sustainable and profitable growth.
In its latest earnings report for the first half of 2025, Societe Generale reported a significant increase in group net income, reaching EUR 3.1 billion, marking a 71% rise compared to the same period in 2024. The company also announced an upgrade of its 2025 financial targets, reflecting better-than-expected revenue and cost performance.
Key financial highlights include group revenues of EUR 13.9 billion, an 8.6% increase excluding asset disposals, and a reduction in costs by 2.6%. The cost-to-income ratio improved to 64.4%, and the return on tangible equity (ROTE) reached 10.3%. Additionally, the company announced a EUR 1 billion share buy-back and an interim cash dividend of EUR 0.61 per share.
Looking ahead, Societe Generale’s management remains optimistic about the company’s future performance, with revised targets for 2025, including a cost-to-income ratio below 65% and a ROTE target of approximately 9%. The company continues to focus on executing its strategic roadmap to ensure sustainable growth and value creation for its stakeholders.