EFG International AG

Earnings Release • May 21, 2025

Ad hoc announcement pursuant to Art. 53 LR

Zurich, 21 May 2025

4M25: Record net profit of around CHF 130 million; annualised NNA growth rate of 5.5%

• Record net profit of approximately CHF 130 million¹ in the first four months of 2025 (4M24: more than CHF 110 million). Annualised return on tangible equity² exceeded 21% for the period
• Net new assets totalled CHF 3.0 billion, corresponding to an annualised growth rate of 5.5%, at the upper end of EFG’s target range of 4-6%
• Assets under Management totalled CHF 159.2 billion at end-April 2025 compared to CHF 165.5 billion at end-2024; this reflects mainly net foreign exchange impacts of around CHF 8.5 billion due to the strengthening of the Swiss franc and strong net new assets; pro-forma Assets under Management of approximately CHF 167 billion including Cité Gestion
• Revenue margin was 97 basis points in the first four months of 2025, compared to 96 basis points for the first four months of 2024 and for the full year 2024
• Cost/income ratio improved to approximately 70% in the first four months of 2025, compared to 72.9% for the full year 2024
• Strong capital position, with a CET1 Ratio of 17.1% and a Total Capital Ratio of 20.8%. Liquidity Coverage Ratio of 211% at end-April 2025
• Investor Day on 25 November 2025: EFG strategy update for the next cycle

Subsequent events (after 30 April 2025)

• Insurance recovery in relation to previously announced settlement with a Taiwanese insurance company with expected net contribution of around CHF 45 million to net profit for 1H25

• Continued successful de-risking with sale of part of the life insurance portfolio. This follows the divestment of the synthetic life insurance portfolio in February 2025

  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 4 of the media release .

Giorgio Pradelli, CEO of EFG International, commented:  *“We generated strong operating results for the first four months of 2025 and recorded robust net asset inflows against the backdrop of significant market volatility and a persistently complex operating environment. This demonstrates our resilience and our ability to provide timely solutions to our clients, acting as their trusted advisors during this period of heightened uncertainty.

Our well-diversified business model and offering across geographies enabled us to further increase our top line and to deliver record profitability. While market volatility since the beginning of April led to higher levels of client activity, especially in foreign exchange trading, the strengthening of the Swiss franc had a negative impact on our Assets under Management. At the same time, we continued to de-risk and maintained our disciplined approach to costs during the period, resulting in an improved cost/income ratio of approximately 70%.

As our current strategic cycle draws to a close, we remain confident about our ability to exceed our 2025 ambition. For the remainder of the year, we will focus on serving our clients through our global network and on executing our strategic priorities. We look forward to updating investors and other stakeholders on our future strategic direction, priorities and financial targets for the next strategic cycle at our Investor Day on 25 November. ”

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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

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