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Valiant (VATN) investor relations material
Valiant Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved a record consolidated profit of CHF 154.7 million, up 2.9% year-over-year, despite a turbulent market and zero interest rate environment since summer.
Successfully implemented the first year of a new strategy focused on simplicity, efficiency, and sustainability, including the launch of an efficiency programme targeting long-term competitiveness.
Board approved a share buyback program of up to CHF 75 million over three years, starting after the 2026 AGM, and proposed a dividend increase to CHF 6.00 per share.
Leadership transition planned: CEO to become Chair of the Board in 2028, with a new CEO to be announced in 2026 and a one-year cooling-off period.
Operational efficiency program aims for CHF 15 million in cost savings and elimination of 80 jobs through digitalization over two years.
Financial highlights
Consolidated profit rose 2.9% year-over-year to CHF 154.7 million, with operating result down 3.4% to CHF 225.5 million and operating income slightly down by 0.4% to CHF 549.5 million.
Net result from interest operations grew 0.1% to CHF 396.3 million, and net interest margin remained high at 1.09% despite SNB rate cuts.
Commission business and services income grew 6.0% to CHF 98.6 million, with securities trading and investment business up 12.2%.
Trading activities income fell 18.6% to CHF 41.0 million due to lower trading volumes and eurozone interest rates.
Customer deposits increased 1.6% to CHF 22.8 billion; loans up 0.7% to CHF 30.4 billion.
Outlook and guidance
Plans to launch new products, including Sparkonto Top with a preferential rate and a virtual debit card.
Consolidated profit is expected to be slightly higher in the current year.
Continued focus on employee development and sustainability, including electrification of business vehicles.
- TimeTickerHeadlineOpen
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