GAM Narrows 2025 Loss, Delays Profitability Target

Key Financial Highlights

Swiss asset manager GAM reported a narrowed net loss of CHF 74.2 million for fiscal year 2025. This improvement was primarily driven by significant cost-reduction measures, which helped offset declining fee income.

Operational Overview

The company's adjusted pretax loss improved to CHF 60.2 million for the full year. However, this progress was tempered by a decrease in net fee and commission income. Assets under management also fell to CHF 12.5 billion, a decline GAM attributed to net outflows and strategic asset disposals during the period.

Revised Future Outlook

Looking ahead, GAM announced that its goal of returning to profitability in 2026 will likely take longer than previously targeted. The firm's main priorities for the year are now focused on achieving growth and generating sustainable net inflows to rebuild its asset base.

Conclusion

Despite the delayed profitability timeline, GAM's leadership remains confident that its strategic foundations provide a strong platform for sustainable long-term growth. The immediate focus will be on navigating current market conditions while executing its growth strategy.

FAQ

Q: What was GAM's net loss for fiscal year 2025?
A: GAM reported a net loss of CHF 74.2 million.

Q: Why did GAM's assets under management decline?
A: Assets under management fell to CHF 12.5 billion due to a combination of net outflows and asset disposals.

Source: Investing.com