Logotype for GAM Holding AG

GAM Holding (GAM) investor relations material

GAM Holding H1 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for GAM Holding AG
H1 2025 earnings summary7 Aug, 2025

Executive summary

  • Completed a major transformation, streamlining operations and leadership, now focused on growth and client-centric strategies.

  • New CEO Albert Saporta and Chief Distribution Officer Tim Rainsford appointed to drive the next phase.

  • Strategic focus shifted to pureplay active investment and wealth management, with operational simplification and divestment of non-core activities completed.

  • Backed by majority shareholder NJJ Holding, with a fully underwritten CHF 100m rights issue and extended loan facility.

  • Strategic partnerships in alternatives and fixed income aim to drive future growth.

Financial highlights

  • IFRS net loss after tax of CHF 40.7m for H1 2025, including CHF 6.3m in reorganisation and other charges.

  • Underlying loss before tax was CHF 34.1m; net management fees and commissions fell 44% year-over-year to CHF 23.4m.

  • Assets under management (AuM) at CHF 12.7bn as of 30 June 2025, down 33% year-over-year, driven by CHF 3.0bn net outflows.

  • Underlying expenses reduced by 22% compared to H1 2024, driven by headcount and cost reductions.

  • Net cash position decreased to CHF 42.4m, down from CHF 65.1m at year-end 2024.

Outlook and guidance

  • Entering a new phase focused on growth, innovation, and client-centric investment excellence.

  • Continued cost optimisation and efficiency measures to support a return to sustainable profitability.

  • Strategic focus on growing AuM and delivering long-term value, supported by anchor shareholder NJJ.

  • Selective inorganic growth opportunities under review to complement organic initiatives.

  • Management expects continued volatility in earnings due to market conditions and performance fee recognition timing.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next GAM Holding earnings date

Logotype for GAM Holding AG
H2 202523 Mar, 2026
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next GAM Holding earnings date

Logotype for GAM Holding AG
H2 202523 Mar, 2026

The essential earnings season companion

The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage