Net Profit Growth
Net profit of CHF 280 million, up 5% year‑on‑year; profit before tax increased to CHF 364 million.
Assets under Management Expansion
AUM rose to CHF 241 billion, up 5% year‑on‑year, supported by positive net inflows and market performance.
Strong Net New Money
Net new money totaled CHF 4.2 billion (up from CHF 2.6 billion prior year); private clients delivered CHF 5.8 billion of inflows (c.5.2% annualized growth).
Boutique and Flagship Fund Inflows
Four of six investment boutiques delivered combined net new money growth of 6.7% in 2025; notable flagship inflows of CHF 1.8 billion into credit opportunities and CHF 1.4 billion into emerging markets debt.
Capital Strength
CET1 ratio of 19.7%, up 3.6 percentage points year‑on‑year (comfortably above regulatory minimums and internal targets).
Efficiency Program Progress
CHF 100 million efficiency program ahead of plan: CHF 84 million exit‑rate savings realized, over 80% of targeted savings achieved; cost/income ratio improved to 74.2% (adjusted to 72.9%).
Shareholder Returns and ROE
Board to propose dividend of CHF 3 per share (payout ratio ~60%); return on equity reached 12.2% (above estimated cost of equity ~9%).
Balance Sheet & Liquidity Resilience
Around CHF 25 billion of liquid assets (~70% of balance sheet) and liquidity coverage ratio of 150%; successful CHF 200 million senior unsecured bond issuance with strong demand.
Tangible Book Value Growth
Tangible book value per share increased 15% to CHF 33.86 — strongest annual increase in more than a decade; tangible equity per share up >200% since 2014 including dividends.