Efg International Ag · SIX:EFGN

Efg International — FY2025 Earnings Presentation

46 slides from Efg International's earnings presentation, Feb 18, 2026

1. Slide 1: Full-year 2025 results presentation

   Full-year 2025 results presentation Zurich, Switzerland 18 February 2026

2. Slide 2: Important Legal Disclaimer

   Important Legal Disclaimer This presentation and the information contained herein has been prepared by EFG International AG (“EFG”) solely for use by you for general information only and does not contain and is not to be taken as containing any securities advice, recommendation, offer or invitation

3. Slide 3: Highlights

   01 Highlights Giorgio Pradelli Chief Executive Officer

4. Slide 4: Strong NNA complemented by M&A and disciplined execution led to record operating performance

   Strong NNA complemented by M&A and disciplined execution led to record operating performance 6.8%1 +26% 11.3 493  Strong organic growth with further acceleration in 2H complemented billion million by M&A activity Net new assets, in CHF Operating profit, in CHF  Significant increase in operating pr

5. Slide 5: Consistent delivery of sustainable and profitable growth

   Consistent delivery of sustainable and profitable growth Record profit of CHF 325.2 mn in FY 2025 Evolution of IFRS net profit in CHF mn RoTE 6.8% 13.4% 18.2% (in %) 19% p.a. 339.3* 30% 322 325 p.a. 303 206 202 115 94 2019 2020 2021 2022 2023 2024 2025 * Excluding exceptional items (insurance recove

6. Slide 6: Financial performance

   02 Financial performance Dimitris Politis Chief Financial Officer & Deputy CEO

7. Slide 7: Concluding the 2023-2025 business cycle with record profits

   Concluding the 2023-2025 business cycle with record profits Record profit of CHF 325.2 mn in FY 2025 Key highlights Evolution of IFRS net profit in CHF mn Topline growth +19% p.a. Revenues (in CHF mn) 31% 339.3* +6% 8% 1,669 1,171 1,270 +30% p.a. 325 322 303 2019 2022 2025 206 202 Efficiency improve

8. Slide 8: Strong operating performance continues in 2025

   Strong operating performance continues in 2025 Business development Profitability Capital & Liquidity NNA 11% Revenue growth Gross capital +6.8% +510 bps growth 8%* vs. 2024 generation Cost-income ratio, 98 bps Revenue 69.8% CET1 capital ratio down -3.1 pp 14.0%** 95 bps* margin 72.2%* (Basel 3 Fina

9. Slide 9: Strong momentum in the last two months of 2025 – 2025 IFRS net profit impacted by exceptional items

   Strong momentum in the last two months of 2025 – 2025 IFRS net profit impacted by exceptional items 2025 IFRS net profit drivers (in CHF mn) Key highlights Insurance recovery  Profitability accelerated in the last two months of the year, adding in excess of CHF 60 mn net profit (excl. litigation pr

10. Slide 10: Investments and transformation are now paying off

    Investments and transformation at the early part of the 2023-2025 business cycle are now paying off – Ending the cycle with strong profit momentum Operating profit (excl. exceptionals) in CHF mn Key highlights Net contribution life insurance  Core private banking business posted the strongest growt

11. Slide 11: Financials summary

    Financials summary 2025 2024 Variation vs. 2024 Revenue-generating AuM (bn) 185.0 165.5 +11.8% Net new assets (bn) 11.3 10.1 +11.9% Net new assets growth rate (%) 6.8% 7.1% -0.3 pp Revenue margin (bps) 98 96 +2 bps Operating income (in CHF mn) 1,669.0 1,498.9 +11.3% Operating expenses (in CHF mn) 1,

12. Slide 12: Financials summary

    Financials summary 2H25 1H25 2H24 1H24 Revenue-generating AuM (bn) 185.0 162.3 165.5 159.3 Net new assets (bn) 5.9 5.4 4.9 5.2 Net new assets growth rate (%) 7.3% 6.5% 6.2% 7.3% Revenue margin (bps) 93 104 95 97 Operating income (in CHF mn) 815.1 853.9 755.1 743.8 Operating expenses (in CHF mn) 602.

13. Slide 13: Exceeding growth and profitability targets in 2023–25 business cycle

    Exceeding growth and profitability targets in 2023–25 business cycle 2025 financial targets Net new asset growth (NNA) Cost/income ratio (CIR) NNA growth in % Evolution CIR in % 4–6% per 69% annum 7.1 6.8 76.0 73.3 72.9 69.8 4.4 2.4 2022 2023 2024 2025 2022 2023 2024 2025 Revenue margin (RoAuM) Retu

14. Slide 14: Delivered on 2025 financial targets

    Delivered on 2025 financial targets 2025 FY 2025 Financial targets targets results NNA growth avg. 4–6% p.a. 6.8% Revenue margin 85 bps 98 bps / 95 bps2 Cost/income ratio 69% 69.8% / 72.2%2 RoTE 15–18% 18.2% / 19.0%2 Capital management framework CET1 12% 14% Management Floor 63%1 Dividend payout 50%

15. Slide 15: NNA growth of 6.8% in FY 2025

    NNA growth of 6.8% in FY 2025 – Growth supported by both new and existing CROs AuM evolution NNA growth levers Revenue-generating AuM evolution in CHF bn Existing CROs in CHF bn 9.0 11.7 11.3 185.0 (11.7) (0.7) 4.0 165.5 1.1 1.2 2023 2024 2025 New CROs1 in CHF bn 8.9 Dec 24 NNA Market FX Reclassific

16. Slide 16: Strong business development across all regions

    Strong business development across all regions Regional business development AuM breakdown NNA Growth Revenue-generating AuM RoAuM* CHF 11.3 bn (in %) CHF 185.0 bn (in bps) Switzerland &  Switzerland & Italy region 1.9 4.2% Switzerland & Italy continued to grow within the 53.9 120 Italy target rang

17. Slide 17: Continued hiring momentum

    Continued hiring momentum CRO evolution CRO additions AuM per CRO # of CROs # of new CROs AuM per CRO (excl. Shaw and Partners, ISG) in CHF mn 363* 693 703 763 79 67 26 Shaw and 348 342 223 238 238 316 321 Partners 16 28 CROs 313 94 Signed & 470 465 458 58 51 approved 2023 2024 2025 2023 2024 2025 2

18. Slide 18: Top line is growing and revenue mix is improving

    Top line is growing and revenue mix is improving Operating income in CHF mn Key highlights Income from insurance recovery RoAuM (in bps)  Net commission income up 17% year on year, driven by Net other income excl. treasury swap income Average revenue-generating AuM (in CHF bn) higher average AuM vs

19. Slide 19: Resilient revenue margin

    Resilient revenue margin Revenue margin evolution Key highlights in bps – excl. exceptionals  Interest-related income is stabilising, Sensitivity to interest rates is now muted Net interest income Net other income excl. treasury swap income Impact from interest rates Interest rate sensitivity1 for

20. Slide 20: Operating expenses reflect business growth, active cost management and acquisitions

    Operating expenses reflect business growth, active cost management and the impact from recent acquisitions Operating expenses in CHF mn Key highlights  Headline costs growth of 6% includes expenses related to the 3,225/ acquisitions of Cité Gestion and ISG, where synergies will start FTEs 3,114 3,0

21. Slide 21: Impact from active cost management

    Impact from active cost management Operating expense evolution Key highlights in CHF mn  Ongoing rigorous cost management efforts, yielding 3% costs savings in FY 2025 CIR 72.9%* -3.1 pp 69.8%  The Simplicity program delivered CHF 66 mn in recurring cost savings vs. 2021 baseline 27 2  Key areas

22. Slide 22: Balance sheet

    Balance sheet Balance Sheet highlights Key metrics in CHF bn 31 Dec 2025 31 Dec 2024 39.4 39.4 Assets bn bn Liabilities & Equity CET1 capital ratio (%) 14.0% 17.7% Total capital ratio (%) 17.3% 21.5% 0.8 Due to banks RWAs (CHF bn) 10.7 bn 9.3 bn Cash & banks 7.3 Leverage ratio (FINMA) (%) 4.7% 4.8%

23. Slide 23: Successfully de-risking the balance sheet

    Successfully de-risking the balance sheet Significant reduction of the exposure to Legacy litigation cases life insurance policies  Divestment of synthetic life insurance portfolio (Feb 2025)  Successfully concluded 3 legacy litigation cases of the life insurance portfolio (all with positive P&L i

24. Slide 24: Strong capital generation – Sound capital position

    Strong capital generation – Sound capital position, post de-risking and acquisitions Evolution of CET1 capital ratio In % Gross capital generation 5.1% Net capital generation 1.6% Total Capital 21.5 Ratio 5.1 (1.3) 3.8 17.3 17.3 Total Capital (2.2) Ratio CET1 Capital 17.7 (1.9) Ratio 3.3 2.9 (1.3) (

25. Slide 25: Quilvest Switzerland at a glance

    Quilvest Switzerland at a glance Company description Key Figures (FY 2025)  Pure-play Swiss private bank with a strong focus on UHNWIs and long-standing successful track record in advising on RoA (in bps) 65 private market investments C/I 98%  Headquartered in Zurich with an established presence i

26. Slide 26: Confident on the delivery in the 2026-2028 business cycle

    Confident on the delivery in the 2026-2028 business cycle 2028 Financial targets Entering the 2026-2028 strategic cycle, with record growth and strong financial performance NNA growth 4-6% p.a. Revenue margin  Business development >85 bps Priorities for 2026  Revenue margin protection  Strict cos

27. Slide 27: Priorities and outlook

    03 Priorities and outlook Giorgio Pradelli Chief Executive Officer

28. Slide 28: Confident to continue long-term value creation

    Confident to continue long-term value creation The 2026–2028 strategic framework Consistent value creation Capture new opportunities for growth Build on our strengths Branding and client experience Client Value creation for Client centric CRO model all stakeholders Content NNA growth Commercial exce

29. Slide 29: Brand value increased by 54% to CHF 629 million

    Progress in capturing new opportunities for growth Brand value increased by 54% to CHF 629 million Branding and Client Experience Progress Update  EFG closer to its 2028 brand strategic targets  Brand Finance Report o EFG brand strength rose from A to AA- o Improved global ranking: up 54 places, f

30. Slide 30: Launching the augmented CRO

    Progress in capturing new opportunities for growth Launching the augmented CRO Tech-enabled services and processes Progress Update  Successful start of roll-out in CH and adoption of Aladdin Wealth into EFG’s advisory platform    Launched CRO Atlas, EFG’s new interactive CRO  steering cockpit,

31. Slide 31: Improvement in client engagement and key partnerships

    Progress in capturing new opportunities for growth Improvement in client engagement and key partnerships Commercial Excellence Progress Update  EFG to partner with Capital Group to enhance client offering and opportunities - a strategic collaboration for the creation, co-development and distributio

32. Slide 32: Our proven operating model continues to deliver

    Our proven operating model continues to deliver Priorities 2026  Continued organic growth momentum, complemented by M&A contributing to earnings already from 2026  Focus on margin resilience to mitigate the effects of the weaker USD  Ongoing focus on generating operating leverage after particular

33. Slide 33: Entering the new strategic cycle from a position of strength

    Entering the new strategic cycle from a position of strength 2023 - 2025 2026 - 2028 Sustaining profitable growth, Consistent performance and the achieving scale power of compounding 2 18.2% 18.6% 18.2% 20% RoTE ~15% p.a.2 19% p.a. 1 339 322 303 325 202 Net profit (CHF mn) 2022 2023 2024 2025 2026 2

34. Slide 34: Looking ahead and key take-aways

    Looking ahead and key take-aways Vision 2030 The private bank of choice for generations of clients, What we aspire to be delivering truly personalised service and impartial advice. Discussed in client solutions and advice deep dive Resilient business model, strong Fully focused on execution Confiden

35. Slide 35: Thank you for your attention.

    Thank you for your attention. 18 February 2026 Page 35

36. Slide 36: Entrepreneurial thinking. Private banking.

    Er E y= Entrepreneurial thinking. r Private banking.

37. Slide 37: Appendix

    ErG () / Appendix

38. Slide 38: Income statement (IFRS)

    Income statement (IFRS) In CHF mn 2025 2024 Net interest income 325.9 383.2 Net banking fee & commission income 782.0 667.0 Net other income 561.1 448.6 Operating income 1,669.0 1,498.9 Personnel expenses (850.4) (796.5) Other operating expenses (242.9) (222.2) Amortisation of tangible fixed assets

39. Slide 39: Income statement (IFRS)

    Income statement (IFRS) In CHF mn 2H25 1H25 2H24 1H24 Net interest income 143.9 182.0 200.7 182.5 Net banking fee & commission income 419.6 362.4 341.5 325.5 Net other income 251.6 309.5 212.8 235.8 Operating income 815.1 853.9 755.1 743.8 Personnel expenses (426.0) (424.4) (402.6) (393.9) Other ope

40. Slide 40: Balance sheet highlights

    Balance sheet highlights In CHF mn 31 Dec 2024 31 Dec 2025 Cash & banks 8,595 7,256 Treasury bills 1,550 1,908 Derivatives 1,550 982 Financial instruments 9,475 8,005 Loans 17,925 19,408 Goodwill & intangibles 192 333 Other 1,313 1,502 Total assets 40,600 39,394 Due to banks 1,052 843 Due to custome

41. Slide 41: AuM evolution

    AuM evolution AuM by asset class AuM by asset class in % FY 2024 in % FY 2025 Other Other Hedge funds Hedge funds 6% Cash & Deposits 7% 2% Cash & Deposits Loans 22% 2% 20% 11% Loans 11% Structured Structured products 3% products 4% CHF 165.5 bn CHF 185.0 bn 23% 23% 33% Bonds Bonds 34% Equities Equit

42. Slide 42: Segmental analysis 2025

    Segmental analysis 2025 Continental Investment Global Performance summary Switzerland Europe & Americas UK Asia Pacific & Wealth Markets & Corporate Elimination Total (in CHF mn) & Italy Middle East Solutions Treasury Segment revenues 480.6 247.5 144.0 174.9 238.8 127.0 153.3 102.9 - 1,669.0 Segment

43. Slide 43: Segmental analysis 2024

    Segmental analysis 2024 Continental Investment Global Performance summary Switzerland Europe & Americas UK Asia Pacific & Wealth Markets & Corporate Elimination Total (in CHF mn) & Italy Middle East Solutions Treasury Segment revenues 453.7 256.0 128.8 193.6 196.2 125.0 94.8 50.8 - 1,498.9 Segment e

44. Slide 44: Update on Life Insurance Exposures (I)

    Update on Life Insurance Exposures (I) Outright portfolio Death Life insurance related portfolios benefits Net Cashflow Year received (USD mn)  Legacy exposures acquired more than 15 years ago (USD mn)  Outright portfolio carried at fair value (marked-to-model, Level 3) for IFRS accounts – small s

45. Slide 45: Update on Life Insurance Exposures (II)

    Update on Life Insurance Exposures (II)  Direct holding of life insurance policies for  Death benefit: CHF 362.2 mn 66 insureds (2024: 88) of an average age of Carrying value: CHF 262.9 mn Outright  95.7 years portfolio  2025 premium: CHF 69.2 mn  Life expectancy: 3.3 years  Operating income C

46. Slide 46: Financial calendar 2026

    Financial calendar 2026 Event Date Annual General Meeting 2026 20 March 2026 4M business update 2026 20 May 2026 Half-year 2026 financial results 22 July 2026 EFG International | Full-year 2025 results 18 February 2026 Page 46

EFG International — FY2025 Earnings Presentation on 6ix