As at 31 December 2025, the Group’s revenue stood at CHF 254.7 million (CHF 282.2 million in 2024), comprising commission income of CHF 183.2 million (CHF 199.3 million in 2024) and trading income of CHF 29.0 million (CHF 23.2 million in 2024). The decline in revenue is attributable to the discontinuation of the Group’s brokerage business – Mirabaud Securities – and to the decrease in net interest income to CHF 28.9 million (CHF 47.4 million in 2024), which was itself heavily impacted by the fall in interest rates. The Group’s operating expenses, meanwhile, were reduced to CHF 218.4 million (CHF 248.0 million in 2024), driven by the closure of Mirabaud Securities and the implementation of cost efficiency measures. The Mirabaud Group thus reports a 10% increase in consolidated net profit to CHF 22.6 million for the year 2025 (CHF 20.5 million in 2024).
Against a backdrop of heightened volatility and adverse currency effects, the Group’s assets under management totalled CHF 31.7 billion at the end of December 2025 (CHF 32.3 billion in 2024), marked by expected outflows of non-core assets. The Group’s investment strategy, underpinned by the rigour of its management process, enabled the portfolios to benefit from favourable market trends. This performance was accompanied by sustained commercial momentum, illustrated in Europe by positive net inflows from private Clients and independent wealth managers, as well as institutional subscriptions, driven by the quality of Mirabaud Asset Management’s active strategies, including the one dedicated to European small and mid-caps.
With a consolidated balance sheet amounting to CHF 2.2 billion (CHF 1.9 billion as at 31 December 2024), Mirabaud maintains a solid and balanced financial structure, consisting primarily of Client deposits on the liabilities side. As at 31 December 2025, the Group also reported a strengthened Common Equity Tier 1 (CET1) ratio of 22.8% and a short-term liquidity ratio (LCR) of 218%. These levels, which are significantly higher than the minimum requirements set by FINMA and the Basel III agreements, reflect the financial strength of the Mirabaud Group, whose business model is based on risk management and long-term investment.
Lionel Aeschlimann, Senior Managing Partner of the Mirabaud Group, states: “In a challenging market environment, the Mirabaud Group continued its transformation in 2025, having strengthened its governance and accelerated its technological initiatives, while focusing its efforts on its priority activities and markets, namely Switzerland, Europe, the Middle East and Latin America. True to our mission of serving our private and institutional Clients with excellence, this momentum enables us to embark on a new phase of sustainable growth within a rigorous framework, underpinned by the discipline of our investment approach and our commitment to our values.”
