Julius Bär Gruppe AG (OTCPK:JBAXY) H1 2025 Earnings Convention Name July 22, 2025 2:30 AM ET
Firm Individuals
Stefan Bollinger – CEO & Member of Govt Board
Convention Name Individuals
Oliver Hirt – Unidentified Firm
Operator
Women and gents, welcome to the Julius Bär 2025 Half 12 months Outcomes Presentation for Media. I’m Sandra, the Refrain Name operator. [Operator Instructions] The convention is being recorded. The presentation will likely be adopted by a Q&A session. [Operator Instructions] The convention should not be recorded for publication or broadcast.
Presently, it is my pleasure handy over to Stefan Bollinger, CEO. Please go forward, sir.
Stefan Bollinger
Thanks, Sandra, and good morning. We recognize you taking the time at present to hitch me and our CFO, Evie Kostakis. As a lot of you have got already reviewed our press launch and dialed in into our analyst and investor presentation, I’ll solely briefly reiterate the important thing factors earlier than we go into Q&A.
The half yr outcomes of 2025 exhibit that we now have good momentum and are transferring into the precise route in our transformational progress journey. Web new cash greater than doubled year-on-year, and underlying internet revenue elevated by 11% year- on-year, reflecting the progress we’re making in unlocking progress and value effectivity.
Underlying working revenue elevated by 5% year-on-year, and our underlying value revenue ratio improved to 68.2%. We’re forward of plan to realize our CHF 130 million extra value financial savings on a run fee foundation by the top of ’25. Our stability sheet additionally stays robust and liquid and can proceed to be effectively capitalized.
Two one-off objects, the mortgage loss allowance communicated in Could and the sale of our Brazilian onshore enterprise, impacted our IFRS internet revenue, leading to a year-on-year lower of 35%.
The credit score evaluation being carried
