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ER - EFG International reports half-year 2025 results

Company: EFG International AG Date: 2025-07-23 Language: English Register to download
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Ad hoc announcement pursuant to Art. 53 LR 

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Zurich, 23 July 2025  

Record profit of CHF 221.2 million¹ (+36%) and NNA² of CHF 5.4 billion in 1H25 (6.5% growth rate)

-   Net profit grew by 36% year on year to a record CHF 221.2 million¹ in 1H25, including a CHF 45.4 million net contribution from previously announced insurance recovery, demonstrating further progress in resolving legacy issues (CHF 175.8 million net profit excluding the contribution from insurance recovery; +8% year on year) 
-   Net new assets² totalled CHF 5.4 billion, corresponding to an annualised growth rate of 6.5%, above EFG’s target range of 4-6%
-   Assets under management totalled CHF 162.3 billion at end-June 2025, down 2% from CHF 165.5 billion at end-2024, reflecting strong inflows and positive market performance, which were more than offset by CHF 11.7 billion of negative foreign exchange impacts 
-   Including the Cité Gestion and Investment Services Group (ISG) acquisitions, pro-forma assets under management totalled approximately CHF 173 billion at end-June 2025
-   Cost/income ratio improved to 66.7% (71.2% excluding insurance recovery), compared to 72.6%³ in 1H24 and 72.9%³ for the full year 2024
-   Revenue margin was 104 basis points for 1H25 (97 basis points excluding insurance recovery), compared to 97 basis points in 1H24 and 95 basis points in 2H24
-   35 Client Relationship Officers (CROs) hired, signed or under offer in 1H25
-   Continued de-risking with significantly reduced life insurance exposure at end-June 2025 after the divestment of the synthetic portfolio and the sale of approximately 22% of the outright portfolio
-   Return on tangible equity was 24.4% in 1H25 (19.4% excluding insurance recovery), exceeding EFG’s target range of 15-18% and improved compared to 18.6% for the full year 2024
-   Strong capital and liquidity position maintained, with a CET1 Ratio of 17.1%, a Total Capital Ratio of 20.6% (post adoption of Basel 3 Final rules) and a Liquidity Coverage Ratio of 255%  
    
      
    
    1 All financial figures in this media release are unaudited.  
    
    2 For a full definition of Alternative Performance Measures, reconciliations and all additional information, please refer to the full footnotes on page 7 of the [media release](https://app.schedulr.ch/trace/visit/87a59d3b-9d6c-46e7-9cd3-5a243f078658) .  
    
    3 Excludes CHF 5.0 million of depreciation expenses related to tangible assets previously classified as held for sale related to prior years. See alternative performance measures.

Giorgio Pradelli, CEO of EFG International, commented:  *“We delivered a strong performance in the first half of 2025, with another record net profit and a net new asset growth rate above our target range. This strong result reflects the consistent and successful delivery of our strategy which builds on organic growth complemented by strategic acquisitions. Over the last 18 months, we have attracted over CHF 15 billion of net new assets and are adding more than CHF 10 billion to our asset base through the announced acquisitions.*  *At the same time, we are mindful of the challenges ahead, in particular the structural weakness of the US dollar and the expected interest rate cuts. However, with our well-diversified business model and offering, we are well positioned to generate further sustainable and profitable growth. We remain confident about our ability to exceed our 2025 ambition. As our current strategic cycle draws to a close, we look forward to updating investors and other stakeholders about EFG’s strategy and financial targets for the next cycle at our Investor Day on 25 November 2025.”  

*

The full ad hoc announcement and presentation slides are available for download at:  

[efginternational.com/investors/financial-results](https://app.schedulr.ch/trace/visit/690ff567-5fc0-466b-b40b-2dbb73e773dc)  

The Half-Year 2024 Report is available for download as pdf under the following link:  

[efginternational.com/half-year-report-2025](https://app.schedulr.ch/trace/visit/0eff2478-b41b-4cbb-b0af-d897d349f582)  

  

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Contact

Investor Relations  

+41 44 212 73 77[investorrelations@efginternational.com](mailto:investorrelations@efginternational.com)

Media Relations  

+41 44 226 12 72[mediarelations@efginternational.com](mailto:mediarelations@efginternational.com)  

  

About EFG International

EFG International is a global private banking group offering private banking and asset management services and is headquartered in Zurich. EFG International’s group of private banking businesses operates in over 40 locations worldwide. Its registered shares (EFGN) are listed on the SIX Swiss Exchange.

EFG International AG, Bleicherweg 8, 8001 Zurich, Switzerland  

[www.efginternational.com](https://app.schedulr.ch/trace/visit/188880e7-c0c2-4dd1-a906-c940a14b94d2)  

  

Important Disclaimer

This document has been prepared by EFG International AG (“EFG”) solely for use by you for general information only and does not contain and is not to be taken as containing any securities advice, recommendation, offer or invitation to subscribe for, purchase or redeem any securities regarding EFG.

This release contains specific forward-looking statements that reflect EFG’s intentions, beliefs or current expectations and projections about EFG’s future results of operations, financial condition, liquidity, performance, prospects, strategies, opportunities and the industries in which it operates. Forward-looking statements involve all matters that are not historical facts. EFG has tried to identify those forward-looking statements by using the words “may”, “will”, “would”, “should”, “expect”, “intend”, “estimate”, “anticipate”, “project”, “believe”, “seek”, “plan”, “predict”, “continue” and similar expressions. Such statements are made on the basis of assumptions and expectations which, although EFG believes them to be reasonable at this time, may prove to be erroneous.

These forward-looking statements are subject to risks, uncertainties and assumptions and other factors that could cause EFG’s actual results of operations, financial condition, liquidity, performance, prospects or opportunities, as well as those of the markets it serves or intends to serve, to differ materially from those expressed in, or suggested by, these forward-looking statements. Important factors that could cause those differences include, but are not limited to: changing business or other market conditions, legislative, fiscal and regulatory developments, general economic conditions in Switzerland, the European Union and elsewhere, and EFG’s ability to respond to trends in the financial services industry. Additional factors could cause actual results, performance or achievements to differ materially. In view of these uncertainties, readers are cautioned not to place undue reliance on these forward-looking statements. EFG and its subsidiaries, and their directors, officers, employees and advisors expressly disclaim any obligation or undertaking to release any update of or revisions to any forward-looking statements in this media release and any change in EFG’s expectations or any change in events, conditions or circumstances on which these forward-looking statements are based, except as required by applicable law or regulation.

Copyright 2025 © EFG International AG