Switzerland's Partners Group 2025 revenue beats estimates, proposes higher dividend

Partners Holding AG

10/03/2026 06:08

Overview

Swiss private markets firm's 2025 revenue rose 20%, beating analyst expectations

EBITDA increased 19% to CHF 1.611 bln, supported by performance fees

Proposed dividend up 10% to CHF 46.00 per share

Outlook

Partners Group expects 2026 gross new client demand of USD 26 to 32 bln

Performance income expected to account for 25-40% of 2026 revenues

Performance income likely in lower range due to 2025 pull-forward

Result Drivers

PERFORMANCE FEES - Performance fees increased 60% to CHF 819 mln, driven by improved exit activity and a strong pipeline of mature assets

MANAGEMENT FEES - Management fees rose 12% on a constant-currency basis, impacted by foreign exchange effects

OPERATING COSTS - Operating costs increased 22%, mainly due to higher personnel expenses linked to performance fees

Company press release: ID:nEQbDcdq7a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
Beat
CHF 2.56 bln
CHF 2.53 bln (14 Analysts)
FY Dividend
CHF 46


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 5 "hold" and 2 "sell" or "strong sell"

The average consensus recommendation for the investment management & fund operators peer group is "buy"

Wall Street's median 12-month price target for Partners Group Holding AG is CHF1,265.00, about 55.8% above its March 9 closing price of CHF812.00

The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 18 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)