Efg International Ag Stock Earnings Reports

EFG International reported a strong FY2025 with record business and financial metrics. Assets under management reached CHF 185 billion (up 12% YoY) driven by CHF 11.3 billion net new assets and three acquisitions (Cite Gestion, ISG and announced Quilvest). Operating income was CHF 493 million (+26% YoY) and IFRS net profit reached a record CHF 325 million (CHF 339 million excluding exceptionals). Management proposes a record dividend of CHF 0.65 per share (fifth consecutive increase). Revenue margins proved resilient (H2 revenue margin ~93 bps), commission income/mandate penetration strengthened, and core private banking operating profit rose materially to CHF 425 million. Cost discipline improved (headline cost-to-income ~69.8%), Simplicity efficiencies realized CHF 66 million with a new CHF 70–80 million efficiency program for 2026–28. Capital generation was strong (gross >500 bps; net ~1.6%), CET1 reported at 14% (effectively ~14.4% pro forma) and the board approved a buyback program (up to 9 million shares to July 2027). Management booked legacy items: an insurance recovery (+CHF45m H1) and a CHF 59m litigation provision in H2 (net exceptional drag CHF 14m). Guidance for the 2026–28 cycle targets 4–6% annual NNA growth, revenue margin >85 bps, cost-to-income ~68% and return on tangible equity of 20%. Management emphasizes continued focus on organic growth, disciplined M&A, margin defense, operational leverage and tech-enabled “augmented CRO” initiatives (Aladdin rollout, in-house AI).