United Bankers Oyj Class A · OMXHEX:UNITED
United Bankers Oyj Class A — H1 2025 Earnings Presentation
23 slides from United Bankers Oyj Class A's earnings presentation, Aug 21, 2025
Slide 1: Solid business development continued – assets under management reached a new record high
United Bankers Plc Half-Year Financial Report 1 January – 30 June 2025 Solid business development continued – assets under management reached a new record high John Ojanperä, CEO 21 August 2025
Slide 2: Contents
Contents ▪ Key events in early 2025 ▪ Second strongest half-year period in terms of revenue ▪ Assets under management rose to a record high ▪ Growth in discretionary asset management ▪ Slight recovery in capital markets ▪ Sustainability at the core of the growth strategy ▪ Outlook and guidance for 2
Slide 3: Key events in early 2025
Key events in early 2025 ▪ In terms of revenue, the first half of 2025 was the second strongest half-year period in the company's history ▪ However, the result for the first half of the year fell from the record level of the comparison period ▪ Assets under management reached a new record of EUR 4.9
Slide 4: Key financial figures
Key financial figures AUM Revenue €4.9bn €29.1m +1.1% -11.8% Adjusted operating profit Earnings per share €8.8m €0.60 -36.3% -34.6% 6/2025 4 Public
Slide 5: Uncertainty defined the operating environment
Uncertainty defined the operating environment ▪ The year began on a positive note, with economic growth expectations, slowing inflation, and falling interest rates boosting sentiment ▪ The positive momentum was interrupted by U.S. President Donald Trump’s tariff threats ▪ Central banks' monetary pol
Slide 6: Second strongest half-year period in terms of revenue
Second strongest half-year period in terms of revenue ▪ The first half of the year was the second strongest half-year in the Group’s history in terms of revenue Revenue ▪ Revenue and profit remained below the exceptionally strong comparison period ▪ The decline in revenue and profit was mainly due t
Slide 7: Wealth management fee income declined as expected
Wealth management fee income declined as expected ▪ Wealth management fee income declined due to absence of one- off EUR 10.6 million performance fee from UB Nordic Forest Fund II sale ▪ Performance fees from current funds remained positive, totaling EUR 6.8 million. Fund management fees increased t
Slide 8: Strong first-half revenue performance
Strong first-half revenue performance 8 Public
Slide 9: Assets under management rose to a record high
Assets under management rose to a record high ▪ Group’s assets under management rose to EUR 4.9 billion ▪ The transfer of Asilo Argo Fund administration from UB Fund Management Company caused EUR 104 million negative impact on assets under management ▪ Redemption pressures on real estate and other i
Slide 10: AUM breakdown
AUM breakdown AUM BREAKDOWN AUM ASSET CLASS BREAKDOWN Other 12% Other 27% Funds Stocks 61% 31% Asset Management 12% (without funds) Assets under : management generating ee recurring fees 73% 10
Slide 11: Share of funds from AUM
Share of funds from AUM ▪ Real asset funds accounted for EUR 1.8 billion, or 62 per cent of total fund assets, and 38 per cent of the Group's assets under management ▪ Funds investing in forest, real estate, and infrastructure, including renewable energy, represent a significant part of the company’
Slide 12: Forestry sector at the core of the strategy
Forestry sector at the core of the strategy ▪ Total assets (GAV) of the forest funds continued to grow, reaching nearly EUR 800 million (EUR 731 million) ▪ Forest funds accounted for 44 per cent (41%) of real asset funds as of the end of June ▪ The capital of real estate funds (GAV) decreased slight
Slide 13: Growth in asset management’s total sales
Growth in asset management’s total sales ▪ United Bankers focused on strengthening asset management sales during the review period ▪ Total sales of asset management products and services increased by 6.7 per cent from the comparison period to EUR 292 million ▪ Net subscriptions to funds remained lim
Slide 14: Slight recovery in capital markets
Slight recovery in capital markets ▪ Capital markets business showed positive development early in the year, even though the M&A and IPO markets continued to be unusually quiet ▪ A slight increase in activity was reflected in the positive growth of UB Corporate Finance’s fee income compared to the r
Slide 15: Sustainability at the core of the growth strategy
Sustainability at the core of the growth strategy ▪ Climate targets – United Bankers committed to setting Science Based Targets. During H1 2025, the company defined its targets covering Scope 1 and Scope 2 emissions, related to its own operations and energy consumption ▪ Impact investing – United Ba
Slide 16: Outlook for 2025
Outlook for 2025 MARKET ENVIRONMENT BUSINESS OUTLOOK ▪ Global economic growth forecasts are weighed down ▪ United Bankers aims to build future growth on strong asset by U.S. protectionist trade policies, rising government debt, management expertise and a unique fund selection and geopolitical risks
Slide 17: The company reiterates its guidance for 2025
The company reiterates its guidance for 2025: The company estimates its adjusted operating profit to be significantly below the level of 2024, as performance fees are expected to be lower than in the exceptionally strong comparison period. The Financial Statements Bulletin of the United Bankers Grou
Slide 18: United Bankers’ total share return
United Bankers’ total share return 1-6/2025 18 Public
Slide 19: Contacts
CEO John Ojanperä john.ojanpera@unitedbankers.fi tel. +358 40 842 3472 Chief Communications Officer Inka Noramaa inka.noramaa@unitedbankers.fi tel. +358 40 576 4202 Investor Relations Manager Marjo Åström marjo.astrom@unitedbankers.fi tel. +358 40 507 6546 Investor Relations ir@unitedbankers.fi tel.
Slide 20: Appendixes
UNITED BANKERS Appendixes
Slide 21: Key figures
Key figures * The percentage change has been calculated using the actual figures, the figures shown in the table have been rounded. ** The number of personnel stated has been converted to full-time equivalent. 21 Public
Slide 22: Key figures of the income statement
Key figures of the income statement 22 Public
Slide 23: United Bankers’ investment funds
United Bankers’ investment funds Public