EFG International has reported a net profit of SFr325.2m ($420.5m) for 2025, up 1% year over year, with the performance tempered by a litigation provision involving Kuwait’s public pension fund.
In December, the Swiss bank booked a legal charge of SFr59.5m.
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The firm posted revenues of SFr1.67bn, with a steady revenue margin of 98 basis points for the year.
Operating profit climbed to SFr493.1m, up 26% from SFr391m in 2024.
Operating expenses rose by 6% to SFr1.17bn, with purchases of Cité Gestion and Investment Services Group (ISG) accounting for 2.4 percentage points of this rise.
The firm’s assets under management (AuM) reached SFr185bn at the end of 2025, up 12% compared to the end of 2024.
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By GlobalDataThe increase was driven by net new assets of SFr11.3bn and the positive impact of acquisitions made during the year.
The net new asset growth rate was 6.8%, which surpassed the company’s target range of 4% to 6%.
Regionally, the Asia Pacific saw net new assets of SFr3.2bn, driven mainly by additions to its client relationship officer (CRO) team.
The Americas contributed SFr3.3bn in inflows; Switzerland & Italy reported SFr1.9bn; Continental Europe and Middle East brought in SFr1.6bn; and the UK added SFr1bn.
Other business segments, including EFG Asset Management funds, recorded SFr0.3 billion in net inflows.
In 2025, EFG International welcomed or secured agreements with 79 new CROs, excluding those associated with Shaw and Partners.
This exceeded its annual target for CRO recruitment when acquisitions are not considered.
Recent acquisition activity included three transactions within a year: ISG through Shaw and Partners, Cité Gestion, and Quilvest Switzerland, a Zurich-based private bank.
ISG and Cité Gestion were consolidated in the second half of the year and contributed a combined SFr11.7bn to assets under management. Their contribution to profit is expected from 2026 onwards.
The Quilvest transaction is due for completion in the third quarter of 2026, pending regulatory approval.
The Board has authorised a buyback of up to nine million EFG shares by July 2027 to support deferred share-based compensation for employees.
The group has indicated plans to invest further in digital tools to support its CROs and improve client service as part of ongoing business transformation efforts.
All announced acquisitions align with EFG’s merger and acquisition strategy and are projected to deliver at least a ten percent return on investment within three years of integration.
