Lombard Odier's first-half net profit decreases by 4% in the year 2025

Lombard Odier, the renowned Swiss private banking and asset management firm, has announced its financial results for the first half of 2025. Despite a 2% decrease in assets under management (AuM) from the end of December 2024, the firm delivered solid results, according to Hubert Keller, its senior managing partner.

As of 30 June 2025, Lombard Odier managed client assets totalling approximately $401 billion, reflecting a 2% decline from the end of the previous year. This decrease was due to a combination of factors, including negative currency fluctuations resulting from the depreciation of the US dollar against the Swiss franc. However, AuM benefited from net new money and favourable market conditions.

The firm's operating income for H1 2025 was SFr678 million, up 2% from the same period last year, primarily due to a 6% rise in commission income. This increase in commission income contributed significantly to the operating income growth.

Lombard Odier's Common Equity Tier 1 (CET1) ratio stood at a robust 33.6% at the end of June, one of the highest in the industry. The statement from the firm notes that their CET1 ratio is more than double that required by the regulator.

Operating expenses decreased by 1% year-on-year to SFr532 million. This reduction in expenses, coupled with the increase in operating income, led to an operating profit of SFr139 million for H1 2025, marking a 19% surge from the prior year. The net profit for the same period was SFr111 million ($138.3 million), a 4% decrease from H1 2024.

In a positive development, Lombard Odier will inaugurate a new Geneva headquarters in September. This strategic step is intended to support the firm's continued growth. Clients continue to trust Lombard Odier, valuing their investment expertise and the stability of their independent partnership model, according to Keller.

The group's total client assets amounted to SFr323 billion at the close of June 2025. Despite the challenging market conditions, Lombard Odier remains committed to delivering exceptional services to its clients. The firm's strong financial performance and continued growth are testament to its resilience and adaptability in the face of market fluctuations.