Societe Generale SA

Latest Results (27.10.2025):

Societe Generale SA reports a robust financial performance for the first half of 2025, achieving a substantial increase in net income and surpassing key revenue and cost targets. The bank has also enhanced its financial outlook for the full year and initiated shareholder-friendly measures.

Significant Net Income Growth

The group reported a net income of EUR 3.1 billion in H1 2025, representing a 71% increase compared to H1 2024. Return on Tangible Equity (ROTE) stood at 10.3%, exceeding the initial annual target of over 8% for 2025.

Revenue and Cost Efficiency

Group revenues reached EUR 13.9 billion in H1 2025, up by 8.6% excluding asset disposals compared to H1 2024, and surpassed the 2025 annual target by more than 3%. Costs decreased by 2.6% versus H1 2024, outperforming the 2025 target of over a 1% reduction. The cost-to-income ratio improved to 64.4%, below the 2025 target of less than 66%.

Enhanced Financial Targets for 2025

The 2025 financial targets have been upgraded due to better-than-expected revenues and cost management. The cost-to-income ratio is now expected to be below 65%, and the ROTE target has been increased to approximately 9% for 2025.

Shareholder Returns and Capital Management

Societe Generale SA announced its first additional share buy-back of EUR 1 billion and introduced a new interim cash dividend of EUR 0.611 per share for the first half of 2025. The CET1 ratio stands at 13.5% at the end of Q2 2025, maintaining a strong capital position well above regulatory requirements.

Strong Q2 Performance

In Q2 2025, the cost-to-income ratio further improved to 63.8% from 68.4% in Q2 2024. The group achieved a net income of EUR 1.5 billion, marking a 31% increase compared to Q2 2024, with ROTE at 9.7%.

Leadership Commentary

Group CEO Slawomir Krupa highlighted the bank's solid commercial and financial performance across all business segments, emphasizing the achievement of revenue growth, cost reduction, and profitability improvements. He also noted the initiation of shareholder distributions and reaffirmed the bank's commitment to sustainable and profitable growth.