Select your preferred language
Language changes will apply immediately
Select your preferred language
Language changes will apply immediately
Saxo Bank reported record client assets and higher client numbers in 2025, alongside an ownership change and new leadership. While income rose, reported net profit declined, though adjusted net profit remained solid.
Wikilix Editorial Team
Author
Saxo Bank reported increased client activity and record client assets in its financial results for 2025, alongside an ownership change and a new leadership structure. The bank highlighted that it reached more than 1.5 million clients and recorded its highest level of end clients and client assets.
Total client assets rose to EUR 133 billion in 2025, up from EUR 114 billion in 2024. The number of clients increased to 1,523,000, compared with 1,286,000 a year earlier. Saxo Bank described this as strong growth in its client base and assets, ending the year at record levels.
The bank reported total income of EUR 664 million for 2025, an increase from EUR 626 million in 2024. Despite the higher income, reported net profit fell to EUR 72 million, compared with EUR 135 million in the previous year. Adjusted net profit stood at EUR 120 million, down from EUR 144 million in 2024.
Total equity was EUR 837 million in 2025, slightly lower than EUR 839 million a year earlier. The capital ratio decreased to 25%, from 29% in 2024. Saxo Bank said that, despite the changes in profitability and capital metrics, the financial results remained solid in the context of higher client activity.
In 2025, the J. Safra Sarasin Group signed an agreement with the previous shareholders to acquire a majority stake in Saxo Bank. The transaction was completed on 2 March 2026. Following the completion of the deal, Saxo Bank appointed Daniel Belfer as its new chief executive officer.
Founder Kim Fournais became chairman of the board of directors after the transaction closed. Saxo Bank stated that it looks towards 2026 excited to work with its new majority shareholder, while emphasizing that its strategic focus remains unchanged.
Commenting on the 2025 results, Group CFO Mads Dorf Petersen described the year as "another busy year" for Saxo Bank. He said the financial results "remained solid" and noted "strong growth" in clients and client assets, which ended the year at record levels.
Petersen also referred to the ownership change involving the J. Safra Sarasin Group and underlined that Saxo Bank enters 2026 with its strategic focus unchanged, despite the new majority shareholder and changes at the top management and board levels.
What do you think about this article?
Common questions about this article
The Federal Court has ordered Cigno Australia, BSF Solutions and their directors to pay a combined $7 million penalty for engaging in unlicensed credit activity and charging prohibited fees. The decision follows findings of breaches of the Credit Act linked to a No Upfront Charge Loan Model.
The UK financial regulator has issued a warning about ENTREPRENEUR PRICEMARKET ONLINE TRADING INVEST PLATFORM, stating that the firm is not authorised and may be targeting UK consumers. Individuals dealing with this firm will not be covered by standard UK financial protections.
The NAGA Group AG outlined a shift to an AI-first operating model, with artificial intelligence now handling most chat-based customer support and boosting marketing productivity. The update comes ahead of unaudited first-quarter results and follows a sharp rebound in the company’s shares.