Switzerland's Julius Baer 2025 profit drops 25% on higher taxes

Julius Baer Gruppe AG

02/02/2026 06:12

Overview

Swiss wealth manager's 2025 AuM grew 5% to CHF 521 bln, driven by net new money inflows

IFRS net profit fell 25% due to one-off impacts and higher taxes

Underlying profit before taxes rose 17%, aided by operating income growth

Outlook

Julius Baer aims for a further CHF 130 mln in efficiency improvements by end-2028

Company launches three-year Revenue & Growth Programme

Julius Baer maintains ordinary dividend at CHF 2.60 per share

Result Drivers

NET NEW MONEY - Julius Baer achieved CHF 14.4 bln in net new money inflows, primarily from Asia, Western Europe, and the Middle East, driving AuM growth

COST SAVINGS - Exceeded cost savings target by CHF 20 mln, improving underlying cost/income ratio

OPERATING INCOME - Underlying operating income rose 6%, driven by higher net commission and fee income

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY EPS
CHF 3.72
FY Net Income
CHF 764 mln
FY CET1 Capital Ratio
17.40%
FY Operating income
CHF 3.76 bln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 8 "strong buy" or "buy", 8 "hold" and 2 "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy."

Wall Street's median 12-month price target for Julius Baer Gruppe AG is CHF66.55, about 3% above its January 30 closing price of CHF64.62

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release: ID:nEQ2gp9T3a

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)