Article
ABGSC publishes 2025 Annual Report and Sustainability Report
Company news
Financials
CEO and Chairman comments
Dear shareholders, clients and colleagues,
2025 was a significant year for the execution of our strategy. Throughout the year, we took concrete steps to develop our business further, strengthen our relevance to clients, and improve our appeal as an investment opportunity. This progress reflects the resilience of our diversified platform and the scalability of our model.
Our financial philosophy is clear: generating strong short-term returns enables long-term, sustainable growth. We have continued to consolidate our operations and improve productivity, thereby increasing revenue per head and strengthening our earnings base. Thanks to greater efficiency and improved internal alignment, we are now well positioned to increase our workforce selectively to leverage future growth opportunities.
At the same time, we expanded and strengthened our franchise without losing sight of our core operations. We launched our Private Banking service and our first Alternative Investment Fund, and announced the acquisition of FIH Partners in Denmark. The fact that we built and launched two businesses organically while conducting an acquisition within a single year, all the while maintaining strong momentum in our core activities, demonstrates both organisation al discipline and operational strength.
The launch of Private Banking is an important structural step. Although the full financial impact of our Private Banking business plan is yet to be realised, it will introduce stable, less cyclical revenues with attractive operating margins over time, thereby enhancing the quality and predictability of our earnings profile. These stable revenue streams will, over time, reduce our sensitivity to fluctuations in capital markets activity and further balance our business mix.
Technology is another cornerstone of our development. Throughout the year, we continued to strengthen our internal expertise and ensure the effective implementation of new technologies. Our goal is to boost productivity, stream line processes, and allow our professionals to concentrate on activities that generate the most value for clients. Investment in technology is therefore not just a cost initiative, but also a strategic enabler of scale and competitiveness.
Talent remains fundamental to our performance. We have focused on attracting, developing and retaining high-calibre professionals, thereby reinforcing a culture defined by accountability, entrepreneurship and collaboration. With our more efficient platform and stronger earnings capacity, we are well prepared to grow our organisation in a disciplined and measured way.
Our diversified business model remains one of our greatest strengths. In 2025, we strengthened our position in all core markets and maintained robust financial standing, despite subdued IPO activity — particularly during the first half of the year.
Our performance in 2025 highlights the commitment, expertise and professionalism of our team. As we enter 2026, we are in a strong position: we are financially sound, strategically focused and more efficient in our operations. We would like to express our sincere gratitude to our partners, employees, clients and shareholders for their continued trust and support. As we move forward, we are optimistic and have a clear strategic direction, as well as an unwavering commitment to delivering long-term value for all our stakeholders.
Yours sincerely,
Jonas Ström, CEO
& Knut Brundtland, Chairman
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