Finance
Julius Baer profit drops in 2025 amid writedowns but beats expectations
Published by Global Banking and Finance Review
Posted on February 2, 2026
2 min readLast updated: February 2, 2026
Quick Summary
Julius Baer announced a 2025 net profit of $988 million, marking a 25% decline from 2024 but surpassing market expectations.
Julius Baer Reports 25% Profit Decline in 2025 Despite Beating Forecasts
Julius Baer's Financial Performance Overview
ZURICH, Feb 2 (Reuters) - Swiss bank Julius Baer on Monday reported a net profit of 764 million Swiss francs ($988 million) for 2025, which beat analyst expectations but was still down 25% from 2024 in a year marked by writedowns.
Profit and Credit Loss Details
The bank booked a net credit loss of 213 million francs in 2025, with previously announced loan loss allowances partly offset by credit recoveries.
Assets Under Management Growth
"All in all, 2025 was a successful transition year," CEO Stefan Bollinger said, after the writedowns he announced during his first year in the post.
Regulatory Assessments and Board Changes
Assets under management grew 5% to 521 billion francs, with net new money of 14.4 billion francs matching a Zuercher Kantonalbank forecast.
These inflows and rising global equity market valuations more than offset the impact of a stronger Swiss franc, Julius Baer said.
The bank was still under an enforcement assessment by Swiss financial market authority FINMA for major losses incurred prior to Bollinger taking up the post. The assessment prohibits the bank from announcing new share buybacks.
Separately, Julius Baer announced changes to its board of directors, with current vice chairman Richard Campbell-Breeden set to step down in April. He is set to be succeeded by Juerg Hunziker, the bank said.
($1 = 0.7730 Swiss francs)
(Reporting by Ariane Luthi, Editing by Friederike Heine and Bernadette Baum)
Key Takeaways
- •Julius Baer reported a net profit of $988 million for 2025.
- •The profit is down 25% compared to 2024.
- •The reported profit exceeded market expectations.
- •The consensus expectation was 679 million francs.
- •The profit was reported in Swiss francs.
Frequently Asked Questions about Julius Baer profit drops in 2025 amid writedowns but beats expectations
1What is net profit?
Net profit is the amount of money a company retains after all expenses, taxes, and costs have been deducted from total revenue. It indicates the profitability of a company.
2What are market expectations?
Market expectations refer to the anticipated performance or outcomes of a company or economy based on current data and trends. These expectations influence investor behavior and stock prices.
3What is a financial performance overview?
A financial performance overview summarizes a company's financial results, including revenues, profits, and expenses, providing insights into its operational efficiency and profitability.
