LGT, the Liechtenstein-headquartered private banking and asset management group owned by the Princely Family of Liechtenstein, has posted positive results in the 2025 financial year.

Yesterday, LGT reported strong growth and an increase in profitability in the 2025 financial year. Assets under management grew by 5 per cent compared with the previous year to SFr386.1 billion ($487.3 billion), supported by net asset inflows of SFr11.4 billion. Both private banking and asset management contributed to the inflows. Total operating income rose by 9 per cent on 2024 levels to SFr2.90 billion, while group profit increased by 25 per cent to SFr445.6 million.

The acquisition of Commonwealth Bank of Australia’s Private Advice business contributed to the rise in total operating income from the second half of the year. Income from services – by far LGT’s largest revenue contributor – rose 12 per cent to SFr1.97 billion, driven by a higher asset base and increased client activity. Income from trading activities and other operating income increased 12 per cent to SFr621.7 million. Net interest income decreased 12 per cent to SFr307.7 million following interest rate cuts by central banks.

Personnel expenses increased 10 per cent to SFR1.77 billion, mainly reflecting the acquisition of Commonwealth Bank of Australia’s Private Advice business and higher performance-related compensation in line with the company’s strong business performance.

The cost-income ratio improved to 76.8 per cent as at year-end 2025, compared with 78 per cent a year earlier. Group profit rose 25 per cent to SFr445.6 million, marking the strongest operating result in LGT’s history.

Group equity capital amounted to SFr5.5 billion, compared with SFr6.0 billion in the prior year. This reflects a special dividend of SFr703 million to LGT’s owner, the Princely House of Liechtenstein, for the 2025 financial year. LGT said it is well capitalised with a CET1 capital ratio of 19.2 per cent as at year-end 2025, and it has a high level of liquidity.

Outlook

LGT is confident about the year ahead, despite the geopolitical and economic environment, and financial markets that remain difficult to predict. Strengthening its position in existing markets and realising synergies and economies of scale from the growth investments made in recent years remain key areas for LGT. In Germany, LGT is present in Hamburg, Frankfurt, Cologne, Düsseldorf and, as of early 2026, Munich, giving it a presence in all private banking centres relevant to LGT in the country. In 2025, LGT Capital Partners established a presence in Singapore.

LGT is continuing to make targeted investments to strengthen its investment expertise, digitalisation and artificial intelligence. As intergenerational wealth transfer becomes increasingly important for clients globally, LGT said it works with the next generation, drawing on its experience as a family-owned company.

“Despite a challenging environment, we achieved strong growth and significantly increased our profitability. As a family-owned company, we think in terms of generations. That long-term perspective guides our decisions and underpins the trust our clients place in us,” HSH Prince Max von und zu Liechtenstein, chairman of LGT, said.