Saxo Bank reported its financial results for 2025, showing higher client activity and record client assets. The bank said it achieved an adjusted net profit of EUR 120 million for the year.
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J. Safra Sarasin Takes Majority Control
Alongside the financial results, the company also pointed to a major ownership change that took shape during the period. 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. After the deal closed, Saxo Bank appointed Daniel Belfer as its new chief executive officer. Founder Kim Fournais became chairman of the board of directors.
Saxo Bank Sees Strong Client Expansion
On the financial performance, total client assets rose to EUR 133 billion in 2025, compared with EUR 114 billion in 2024. The number of clients increased to 1,523,000, up from 1,286,000 a year earlier. The bank also reported total income of EUR 664 million, compared with EUR 626 million in 2024. Net profit fell to EUR 72 million from EUR 135 million.
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Adjusted net profit stood at EUR 120 million, compared with EUR 144 million. Total equity was EUR 837 million, slightly down from EUR 839 million. The capital ratio decreased to 25%, from 29%.
Saxo Bank said it reached more than 1.5 million clients and recorded its highest level of end clients and client assets.
Commenting on the results, Group CFO Mads Dorf Petersen said 2025 was “another busy year” for Saxo Bank. He said the financial results “remained solid” and that the bank saw “strong growth” in clients and client assets, ending the year “at record levels.”
He also referred to the ownership change, saying Saxo Bank looks towards 2026 “excited to work with our new majority shareholder” while its “strategic focus remains unchanged.”
