Although the group released mixed financial results for the 2025 financial year, it said it had "performed resiliently" in an "uncertain and low-growth economic environment."

London-headquartered Arbuthnot Banking Group - parent of Arbuthot Latham - reported that total net assets were up in 2025 at £276.4 million ($369 million) compared with £267 million the previous year, while profits after tax were down.

Profits before tax declined to £24.2 million compared with £35.1 million in 2024, according to the results released yesterday. The reduction in reported profit was expected, partly due to a lower base rate than the prior period resulting in reduced interest income from the bank’s liquidity balances held at the Bank of England. Profit after tax reached £17.8 million from £24.85 million in 2024.

Operating income fell to £169.5 million from £179.5 million in 2024. There was an average net margin of 4.7 per cent compared with 5.1 per cent in 2024 while basic earnings per share reached 109.1p against 152.3p in 2024. The final dividend declared increased by 2p to 31p from 29p.

The wealth management division performed well with growth of 21 per cent in funds under management and administration (FUMA), finishing the year at £2.7 billion. Lending balances reduced during 2025 with the group continuing to operate to a tightened credit appetite and reduced LTVs for new lending below the Bank’s previous guidance of 60 per cent. The Direct Gilt Service launched in the prior year continued to perform well.

“The group performed resiliently in what continues to be an uncertain and low-growth economic environment,” Sir Henry Angest, chairman and chief executive of Arbuthnot, said. “The group remains conservatively managed with a robust balance sheet and continues to see client growth opportunities.”