Zurich-based Maverix Securities has returned to profit. For 2025, the company reported net profit of 223,000 francs, it said on Tuesday. 

A year earlier, the firm had posted a loss of 3.9 million francs. In 2023, it recorded a negative operating result of 6 million francs.

Heavy investment phase

The result marks a turning point after several years of heavy investment in Maverix’s issuance and trading platform.

Operating income rose by 43 percent to 20.5 million francs, up from 14.4 million francs a year earlier. At the same time, total assets increased by 88 percent to 283.7 million francs, of which 235.5 million francs stemmed from own issues. Equity rose to 10 million francs following a capital increase of 4.5 million francs.

Scaling phase reaches turning point

Since its inception in 2008, when it was still operating as CAT Financial Products, the firm has built its platform, secured a FINMA license and established its current operating base.

Assets under management stood at 365 million francs, or 815 million francs including assets under administration.

1.5 billion francs in transaction volume

Around one third of revenues now stems from issuance and trading activities, supplemented by higher other ordinary income. Transaction volume exceeded 1.5 billion francs, while primary market activity reached roughly 3 billion francs in nominal value – both record levels for the firm.

Despite the expansion, cost growth remained comparatively moderate, with operating expenses rising by 10 percent to 20 million francs.

Push into Europe

Strategically, 2025 was also marked by Maverix’s entry into the European Union. The company obtained a PSI license from the French regulators AMF and ACPR and established a subsidiary in Paris operating under the MiFID II framework. This gives Maverix regulated access to the EU market and a platform for further growth across Europe.

At the same time, the firm streamlined its structure by spinning off its wealth management unit CATWM via a management buyout. As a result, the unit is no longer subject to FINMA’s consolidated group supervision.

Digitalization and crypto products

For 2026, Maverix is placing greater emphasis on profitability and technological development. At the beginning of the year, the firm launched yield-enhancement products linked to cryptocurrencies for public distribution in Switzerland.

At the same time, it is further expanding its infrastructure, including the rollout of a new order management system designed to automate processes and improve transparency for asset managers.

Global ambitions

Co-CEOs Giuliano Glocker and David Schmid said the return to profitability validates the firm’s strategy.

«Returning to profitability shows that our business model works and that our strategic investments in recent years are bearing fruit», Glocker said. «With our strengthened capital and earnings base, we have the necessary stability and independence to implement our strategy over the long term.»

Asia and Middle East

Schmid added: «2025 has shown that Maverix is not only scaling operationally, but can also expand its market presence in a targeted and sustainable way. The establishment of Maverix Securities (Europe) SA in Paris gives us access to the European market under MiFID II and marks a decisive step in our international growth strategy.»

Beyond Europe, Maverix is targeting further growth markets such as Asia and the Middle East, focusing on scalable partnerships and local presence.