Liechtensteinische Landesbank Ag · SIX:LLBN

Liechtensteinische Landesbank — FY2025 Earnings Presentation

34 slides from Liechtensteinische Landesbank's earnings presentation, Feb 20, 2026

Slide 1: 2025 Annual Business Result
2025 Annual Business Result Media and analyst conference of the LLB Group Zurich, 20 February 2026 Media and analyst conference of the LLB Group
Slide 2: Agenda
Agenda Introduction Georg Wohlwend, Chairman BoD Financial result 2025 Markus Schifferle, Group CFO ACT-26 strategy and outlook Christoph Reich, Group CEO Q&A 2025 annual business result Media and analyst conference of the LLB Group 2
Slide 3: LLB Group stays on course
LLB Group stays on course  2025: high volatility and low predictability  LLB shows resilience and embodies stability  Strong business result and clear steps forward 2025 annual business result Media and analyst conference of the LLB Group 3
Slide 4: Stable result, stable dividend
Stable result Stable dividend Dividend yield 3.5% 4.2% 4.4% 4.5% 4.1% 4.0% 3.3%  Attractive and long-term dividend development 2.50 2.70 2.80 2.80  > 50 per cent distribution 2.20 2.20 2.30 ratio of Group net profit 2019 2020 2021 2022 2023 2024 2025*  2025: stable dividend Dividend per share in
Slide 5: Proposals for re-election to the Board of Directors
Proposals for re-election to the Board of Directors Nicole Brunhart Christian Wiesendanger 2025 annual business result Media and analyst conference of the LLB Group 5
Slide 6: LLB Group Executive Management in a new composition
LLB Group Executive Management In a new composition 2025 annual business result Media and analyst conference of the LLB Group 6
Slide 7: Financial result 2025
Financial result 2025 2025 annual business result Media and analyst conference of the LLB Group 7
Slide 8: Group result at a glance
Group result at a glance Net new Group net profit Cost income money ratio CHF 3.7 billion CHF 166.5 million 67.0 % (+0.6 pp) (+3.8 %) (-0.4 %) Net new Business volume Tier 1 loans ratio CHF 540 million CHF 125.9 billion 19.0 % (+0.3 pp) (+3.3 %) (+10.9 %) 2025 annual business result Media and analys
Slide 9: Strengthened earning power, cost increase due to integration
Strengthened earning power Cost increase due to integration Group net profit (in CHF million) Operating income CHF +46 million Operating expenses CHF +41 million 45.2 -8.0 8.6 167.2 -30.8 166.5 -10.0 -5.7 Interest & trading Other op. income One-time integration 31.12.2025 business 31.12.2024 Fee & c
Slide 10: Growth is translating into stronger performance in the fee and commission business
Growth is translating into stronger performance in the fee and commission business Net fee and commission income (in CHF million) +21 % 259.2 214.0 66.8 200.0 60.7 57.0 192.4 143.1 153.3 2023 2024 2025 portfolio-based transaction-based 2025 annual business result Media and analyst conference of the
Slide 11: Higher profitability through targeted mandate growth
Higher profitability through targeted mandate growth LLB Invest (in CHF billion) 22.0 18.8 15.8 10.5 13.1 8.9 6.8 4.4 6.9 0.4 11.5 9.0 10.0 8.7 6.5 31.12.2016 31.12.2019 31.12.2022 31.12.2024 31.12.2025 Asset management mandates Investment advisory mandates 2025 annual business result Media and anal
Slide 12: Trading result offsets interest decline, overall result improved
Trading result offsets interest decline Overall result improved Net interest income Net trading income (in CHF million) before expected credit losses (in CHF million) +10 % 164.4 219.7 -8 % 199.9 134.1 52.9 122.9 173.2 42.3 38.6 157.6 166.8 134.6 2023 2024 2025 2023 2024 2025 Other trading activitie
Slide 13: Loans to clients and assets under management reach new all-time highs
Loans to clients and assets under management reach new all-time highs Loans to clients (in CHF billion) Development of assets under management (in CHF billion) +12 % +3 % 9.0 108.9 17.0 16.5 3.7 15.3 1.7 2.1 1.5 3.2 97.0 -3.9 13.8 14.8 14.9 31.12.2023 31.12.2024 31.12.2025 Acquisition Currency effec
Slide 14: Diversified business model as success factor
Diversified business model as success factor Retail & Corporate Banking International Wealth Management Net new money Business volume Net new money Business volume CHF 1'133 million CHF 40.1 billion CHF 2'484 million CHF 84.8 billion (+5.1 %) (+6.8 %) (+3.4 %) (+13.1 %) Net new loan Employees Net ne
Slide 15: Financial strength and stability
Financial strength and stability Balance sheet total Risk-weighted assets Common equity tier 1 (CET1) CHF 28.3 billion CHF 10.3 billion CHF 2.0 billion (+2.4 %) (+3.7 %) (+5.2 %) Return on equity Tier 1 ratio / Liquidity coverage CET1 ratio ratio (LCR) 7.3 % 19.0 % 149.9 % (-0.4 pp) (+0.3 pp) (-2.0
Slide 16: The LLB Group is on track strategically, financially and operatively
The LLB Group is on track strategically, financially and operatively  Business volume exceeding CHF 125 billion LLB grows  Organic and acquisition-driven growth sustainably of CHF 7.5 billion LLB increases  Growth boosts earnings potential profitability  Successful integration of ZKB Austria LLB
Slide 17: ACT-26 strategy and outlook
ACT-26 strategy and outlook 2025 annual business result Media and analyst conference of the LLB Group 17
Slide 18: ACT-26
ACT-26 ACcelerate Transform We will accelerate We will become more our previous growth. client-focused, efficient and sustainable.
Slide 19: Core element growth
Core element growth 2025 annual business result Media and analyst conference of the LLB Group 19
Slide 20: Growth in Switzerland
Growth in Switzerland  New location in Zurich  More visibility and proximity  Expanded management team to increase impact 2025 annual business result Media and analyst conference of the LLB Group 20
Slide 21: Growth in Germany
Growth in Germany  Established and strengthened presence  Focus on tailored solutions  New Wealth Solutions unit  Excellent offerings 2025 annual business result Media and analyst conference of the LLB Group 21
Slide 22: Growth in Austria
Growth in Austria  Successful migration and integration of former ZKB Austria  Greater reach and strength, a strong benefit for clients  Strengthened position as Austria's leading wealth management bank 2025 annual business result Media and analyst conference of the LLB Group 22
Slide 23: Foundation of the Liechtenstein Pfandbriefinstitut
Foundation of the Liechtenstein Pfandbriefinstitut (covered bond institute)  Joint Venture of LLB and LGT  Long-term, stable refinancing base  Attractive offering for investors  First issuance in preparation 2025 annual business result Media and analyst conference of the LLB Group 23
Slide 24: Core element efficiency
Core element efficiency 2025 annual business result Media and analyst conference of the LLB Group 24
Slide 25: Driving efficiency and client-centricity through digitalisation
Driving efficiency and client-centricity through digitalisation  LLB.ONE modernises processes and infrastructure  Greater efficiency for outstanding client experiences  willbe remains the Group's innovation lab  User growth underlines its relevance 2025 annual business result Media and analyst c
Slide 26: Core element sustainability
Core element sustainability 2025 annual business result Media and analyst conference of the LLB Group 26
Slide 27: Sustainability well on course
Sustainability well on course  Successful reduction of CO2 emissions  Launch of the 0% energy mortgage  Efficient implementation of regulatory requirements 2025 annual business result Media and analyst conference of the LLB Group 27
Slide 28: Outlook
Outlook 2025 annual business result Media and analyst conference of the LLB Group 28
Slide 29: Ambitious objectives with ACT-26
Ambitious objectives with ACT-26 Core element Goal 2025 Strategy period Net new money > 3 % p.a. 3.8 % 3.1 % Growth Net new loans > 3 % p.a. 3.3 % 5.7 % Efficiency Cost income ratio 2026 65 % 67.0 % ~ Sustainability Net zero CO2 2040 On track Security Tier 1 ratio > 16 % 19.0 % 2025 annual business
Slide 30: Outlook for the LLB Group
Outlook for the LLB Group Advancing the transformation, shaping the future Successful completion of ACT-26 Rollout of the succession strategy  Finalising implementation  Development in progress  Confirming achievement of targets  Communication in autumn 2026 2026 2027+ 2025 annual business resul
Slide 31: Q&A
Q&A 2025 annual business result Media and analyst conference of the LLB Group 31
Slide 32: Contact and financial calendar
Contact and financial calendar Financial calendar Contact Release of the Annual Report 2025 Liechtensteinische Landesbank AG Friday, 13 March 2026 Gwen Walbert 34th Annual General Meeting of Shareholders Head Group Marketing and Communications Friday, 17 April 2026 Städtle 44 Ex-dividend date 9490 V
Slide 33: Thank you
Thank you Halbjahresabschluss 2025 Webcast der LLB-Gruppe 33
Slide 34: Legal notice
Legal notice The information contained in these documents does not constitute an offer or an individual recommendation or solicitation to buy or sell investment instruments or to engage in any other transaction. They are for informational purposes only. The information used herein has been obtained

Liechtensteinische Landesbank AG (LLB Group) — FY2025 Earnings Presentation on 6ix

Liechtensteinische Landesbank — FY2025 Earnings Presentation

Slide 1: 2025 Annual Business Result

Slide 2: Agenda

Slide 3: LLB Group stays on course

Slide 4: Stable result, stable dividend

Slide 5: Proposals for re-election to the Board of Directors

Slide 6: LLB Group Executive Management in a new composition

Slide 7: Financial result 2025

Slide 8: Group result at a glance

Slide 9: Strengthened earning power, cost increase due to integration

Slide 10: Growth is translating into stronger performance in the fee and commission business

Slide 11: Higher profitability through targeted mandate growth

Slide 12: Trading result offsets interest decline, overall result improved

Slide 13: Loans to clients and assets under management reach new all-time highs

Slide 14: Diversified business model as success factor

Slide 15: Financial strength and stability

Slide 16: The LLB Group is on track strategically, financially and operatively

Slide 17: ACT-26 strategy and outlook

Slide 18: ACT-26

Slide 19: Core element growth

Slide 20: Growth in Switzerland

Slide 21: Growth in Germany

Slide 22: Growth in Austria

Slide 23: Foundation of the Liechtenstein Pfandbriefinstitut

Slide 24: Core element efficiency

Slide 25: Driving efficiency and client-centricity through digitalisation

Slide 26: Core element sustainability

Slide 27: Sustainability well on course

Slide 28: Outlook

Slide 29: Ambitious objectives with ACT-26

Slide 30: Outlook for the LLB Group

Slide 31: Q&A

Slide 32: Contact and financial calendar

Slide 33: Thank you

Slide 34: Legal notice