Zuger Kantonalbank (ZUGER) H2 2025 earnings summary

Executive summary

• Total assets increased by 2.0% year-over-year to CHF 19.27 billion.

• Net profit rose 7.1% year-over-year to CHF 131.1 million.

• Business performance was driven by higher commission and trading income despite lower interest income.

Financial highlights

• Net interest income grew 2.8% year-over-year to CHF 209.7 million.

• Commission and service income increased 5.4% to CHF 91.6 million.

• Trading income rose 11.2% to CHF 20.7 million.

• Operating income (Geschäftsertrag) up 4.3% to CHF 328.5 million.

• Operating expenses (Geschäftsaufwand) increased 3.1% to CHF 145.4 million.

Outlook and guidance

• Dividend proposal of CHF 230 per share, up from CHF 220.

• Board proposes a dividend yield of 2.6%.