Graubündner Kantonalbank (GRKP) H2 2025 earnings summary

Executive summary

• Achieved consolidated profit of CHF 224.6 million for 2025, down 2.1% year-over-year amid low interest rates.

• Business model with investment and pension business as a second pillar proved resilient.

• Dividend remains unchanged at CHF 47.50 per participation certificate.

• Strong regional economic impact, contributing CHF 415 million in annual added value to the canton.

Financial highlights

• Operating income decreased by 2.9% to CHF 513.2 million compared to 2024.

• Operating expenses rose by 4.1% to CHF 258.6 million.

• Operating result declined 9.6% to CHF 229.9 million.

• Net new money outflow of CHF 0.7 billion (-1.3%).

• Client assets increased by 4.5% to CHF 53.8 billion; loans to clients up 1.5% to CHF 25.1 billion.

Outlook and guidance

• Strategy 2026-2030 focuses on holistic advice, regional commitment, income diversification, and stability.

• Expectation for 2026 consolidated profit to be nearly on par with 2025.