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Ad hoc announcement pursuant to Art. 53 LR

20 May 2026

4M26: Record net profit in excess of CHF 130 million; annualised NNA growth rate¹ of 6%

  • Record net profit in excess of CHF 130 million in the first four months of 2026 (4M25: around CHF 130 million); Annualised return on tangible equity1 exceeded 23% for the period
  • Net new assets totalled CHF 3.7 billion, corresponding to an annualised growth rate of 6.0%, at the upper end of EFG’s target range of 4-6%
  • Assets under Management totalled a record CHF 190.2 billion at end-April 2026, up 3% compared to CHF 185.0 billion at end-2025 and up 19% compared to CHF 159.2 billion in April 2025; AuM growth in 2026 was driven by strong net new assets and market performance, with muted foreign exchange effect in the period
  • Strong hiring momentum with 25 Client Relationship Officers (CROs) joining EFG in the first four months of 2026 and a further 26 CROs signed or under offer
  • Revenue margin was 93 basis points in the first four months of 2026, compared to 97 basis points for the first four months of 2025 and 93 basis points in the second half of 2025
  • Cost/income ratio of approximately 70% in the first four months of 2026, marginally better than the first four months of 2025 and substantially better than 73.1% in the second half of 2025
  • Significantly strengthened capital position, with a CET1 Ratio of 14.7%, up from 14.0%2 at end-2025, and a Total Capital Ratio of 18.1% (end-2025: 17.3%)

Giorgio Pradelli, CEO of EFG International:
We had a strong start into the new strategic cycle, supporting our clients as they navigate geopolitical uncertainty and market volatility. EFG generated record profitability and attracted net new asset inflows at the upper end of our target range in the first four months of 2026, with positive contributions from all our regions and strong growth in Continental Europe & Middle East and in Asia Pacific. 

Our ability to deliver consistent performance against the backdrop of a persistently complex operating environment demonstrates the strength of our business model. In the first four months of 2026, we delivered resilient revenue growth, we maintained our disciplined approach to costs, we progressed in the integration of recent acquisitions and we continued to de-risk legacy matters. We are focused on executing our strategic priorities and remain confident in delivering on our ambitious targets for the 2026-2028 strategic cycle.

Sustainable growth momentum with annualised NNA growth rate of 6% 
Net new assets totalled CHF 3.7 billion for the first four months of 2026, corresponding to an annualised net new asset growth rate of 6.0%, at the upper end of EFG’s target range of 4-6%. All of EFG’s business regions recorded net inflows during the reporting period, with strong contributions from the Continental Europe & Middle East and the Asia Pacific regions. Net new assets were approximately evenly split among new CROs and CROs who have been with EFG for at least three years.

Revenue-generating Assets under Management increased to a record CHF 190.2 billion at the end of April 2026, compared to CHF 185.0 billion at the end of 2025. This was primarily driven by strong net new assets and market performance, while the negative effect from the continued strengthening of the Swiss franc was muted in the first four months of 2026. Revenue-generating Assets under Management were up 19% compared to CHF 159.2 billion at end-April 2025, in part supported by acquisitions integrated in the second half of 2025.

Resilient operating performance and continued de-risking 
Net profit for the first four months of 2026 amounted to more than CHF 130 million, higher than in the same period last year. The annualised return on tangible equity increased to more than 23% in the first four months of 2026, compared to 18.2% for 2025 and above 21% in the first four months of 2025.

The revenue margin for the first four months of 2026 was 93 basis points, in line with the second half of 2025 and reflecting EFG’s resilient business model. Compared to the same period last year, the revenue margin is down from 97 basis points, reflecting the impact from lower reference interest rates across currencies. This impact has already been largely absorbed in the second half of 2025. Commission income was supported by focused initiatives, including to increase mandate penetration. Additionally, the first four months of both 2025 and 2026 were marked by strong client activity (supporting commission income and net other income), as clients remained active in a volatile market environment that was significantly influenced by geopolitical events. 

The life insurance business contributed approximately 2 basis points, equivalent to about CHF 15 million in net revenue; this includes a gain from the settlement of the last outstanding case of the life insurance portfolio3. 

The cost/income ratio was approximately 70% in the first four months of 2026, marginally better than the first four months of 2025 and substantially better than 73.1% in the second half of 2025. The improvement compared to the second half of 2025 is primarily driven by the creation of sustainable operating leverage on the back of higher assets under management. At the same time the integration of Cité Gestion and Investment Services Group, which were acquired in 2025, continues. We expect additional uplift in profit contribution from these acquisitions in 2026 and 2027. 

Strengthened capital and liquidity position
EFG significantly strengthened its capital position in the first four months of 2026, driven by strong organic capital generation. As of end-April 2026, EFG’s Common Equity Tier 1 (CET1) Ratio was 14.7%, compared to 14.0%2 at end-2025. EFG’s Total Capital Ratio was 18.1%, compared to 17.3% at end-2025. 

The Liquidity Coverage Ratio was 251% at end-April 2026 (end-2025: 270%).

Continued CRO hiring momentum 
In the first four months of 2026, 25 CROs joined EFG and 26 CROs signed or are under offer. This compares with EFG’s ambition to hire an average of 50-70 CROs per year. By end-April 2026, EFG’s total number of CROs worldwide was 761, compared to 763 CROs at end-2025.

Update on legacy matters
EFG International continues to work on resolving legacy issues. 

The Group successfully concluded the last of four litigation cases of the life insurance portfolio in which it had brought claims3. The resulting gain contributed positively to EFG’s net profit in the first four months of 2026.

In the civil proceedings in the UK, which were brought by the Public Institution for Social Security (PIFSS) of Kuwait against over 30 defendants4, the court hearings concluded in March 2026. EFG currently expects an update on the proceedings in the second half of 2026. 

Update on M&A
The acquisition of Quilvest Switzerland, which was announced in January 2026, is progressing as planned. EFG continues to expect the closing of the transaction in the third quarter of 2026. Including Quilvest, pro-forma assets under management were approximately CHF 194 billion at the end of April 2026.

Financial Calendar
22 July 2026: Half-year results 2026
24 November 2026: 10 months business update

1 Alternative performance measures and Reconciliations: This media release and other communications to investors contain certain financial measures of historical and future performance and financial position that are not defined or specified by IFRS, such as "net new assets", "Assets under Management", "operating profit", "cost/income ratio", “liquidity coverage ratio”, “loan/deposit ratio”. These alternative performance measures (APMs) should be regarded as complementary information to, and not as a substitute for the IFRS performance measures. The definitions of APM used in this media release and other communications to investors, together with reconciliations to the most directly reconcilable IFRS line items, are provided in the "Alternative performance measures" section in the Full-year Report 2025 available at www.efginternational.com/annual-report-2025. 
2 For details please refer to EFG International’s Basel III Pillar 3 disclosures, sections 2.1 and 2.2.
3 For further details see p. 44 of EFG International’s Full-year 2025 results presentation.
4 For further details see note 32 in the Notes to the consolidated financial statements of EFG International’s Annual Report 2025.

Important disclaimer

This document 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 to subscribe for, purchase or redeem any securities regarding EFG.

This release contains specific forward-looking statements that reflect EFG’s intentions, beliefs or current expectations and projections about EFG’s future results of operations, financial condition, liquidity, performance, prospects, strategies, opportunities and the industries in which it operates. Forward-looking statements involve all matters that are not historical facts. EFG has tried to identify those forward-looking statements by using the words “may”, “will”, “would”, “should”, “expect”, “intend”, “estimate”, “anticipate”, “project”, “believe”, “seek”, “plan”, “predict”, “continue” and similar expressions. Such statements are made on the basis of assumptions and expectations which, although EFG believes them to be reasonable at this time, may prove to be erroneous.

These forward-looking statements are subject to risks, uncertainties and assumptions and other factors that could cause EFG’s actual results of operations, financial condition, liquidity, performance, prospects or opportunities, as well as those of the markets it serves or intends to serve, to differ materially from those expressed in, or suggested by, these forward-looking statements. Important factors that could cause those differences include, but are not limited to: changing business or other market conditions, legislative, fiscal and regulatory developments, general economic conditions in Switzerland, the European Union and elsewhere, and EFG’s ability to respond to trends in the financial services industry. Additional factors could cause actual results, performance or achievements to differ materially. In view of these uncertainties, readers are cautioned not to place undue reliance on these forward-looking statements. EFG and its subsidiaries, and their directors, officers, employees and advisors expressly disclaim any obligation or undertaking to release any update of or revisions to any forward-looking statements in this media release and any change in EFG’s expectations or any change in events, conditions or circumstances on which these forward-looking statements are based, except as required by applicable law or regulation.