Julius Bär Gruppe AG (JBAXY) H1 2025 Earnings Conference Call Transcript
Seeking Alpha·2025-07-22 10:00
Core Insights - Julius Bär Gruppe AG demonstrated strong momentum in its transformational growth journey, with net new money more than doubling year-on-year and underlying net profit increasing by 11% year-on-year [4]. Financial Performance - Underlying operating income rose by 5% year-on-year, and the underlying cost income ratio improved to 68.2% [5]. - The company is ahead of its plan to achieve CHF 130 million in additional cost savings on a run rate basis by the end of 2025 [5]. - The balance sheet remains strong and liquid, ensuring continued capitalization [5]. - IFRS net profit experienced a year-on-year decrease of 35% due to two one-off items: the loan loss allowance and the sale of the Brazilian onshore business [5].