Van Lanschot Kempen: net profit of €67.8 million in H1 2025, with strong net AuM inflows of €4.6 billion

28 Aug 2025 07:00 CEST

Highlights

• Continued growth driven by strong net AuM inflows: Private Clients Netherlands €1.7 billion, Private Clients Belgium €1.0 billion, and Investment Management Clients €1.9 billion 
• Total AuM increased by 1% to €150.6 billion (2024: €149.3 billion); €4.6 billion net inflow more than offset negative market performance of €3.3 billion 
• Net profit at €67.8 million (H1 2024: €74.5 million), with commission income up 11% to €279.6 million and interest income down 17% to €76.1 million 
• Strong capital position: “Basel IV fully loaded” CET1 ratio of 18.2% (2024: 19.3%) after capital return of €1.40 per share in June 2025 
• On track to meet 2027 targets 

Maarten Edixhoven, Chair of the Management Board, said: “The first half of 2025 was a period of sustained strong commercial momentum for Van Lanschot Kempen. This led to solid results despite turbulence in the capital markets. We’re making good strides in executing our strategy, which fully focuses on wealth management with superior personal service to our clients. 

“In early April, stock markets showed a steep decline, followed by a recovery in the second half of the month and in May. Developments in interest rates and global public spending adversely affected the bond markets, while the US dollar fell relative to the euro, squeezing returns for European investors. These effects were reflected in a negative market performance. At the same time, however, we recorded a constant inflow in assets under management (AuM), as both existing and new clients entrusted us with their wealth. Total AuM exceeded €150 billion for the first time, driven by net inflows of €4.6 billion, of which €2.7 billion was generated in our private banking activities in the Netherlands, Belgium and Switzerland. Investment Management Clients recorded net AuM inflows of €1.9 billion. 

“We continue to invest in scalable growth and our unique proposition, which revolves around personalised, relevant services supported by digital solutions. In the first half of 2025, for instance, we expanded our alternative investments offering by adding new private equity strategies. We also further expanded our branch office network by opening a new office in Knokke-Heist, reflecting our aspiration to be close to our clients and further build on our presence in Belgium. Meanwhile, investing in our people is crucially important, not least to our future growth. At the same time, we use technology that is specifically tailored to our wealth management offering, and we were pleased to see our success recognised with three awards at the annual PWM Wealth Tech Awards 2025, part of the Financial Times. These included, awards for big data analytics and AI, and for the digital support we provide for our bankers. 

“We’re delighted that Wilton Family Office will be joining us, strengthening our position in the higher segment of private banking. This takeover fits our strategy: we’re looking to connect with partners that share our vision on personal service. Meanwhile, we successfully completed the integration of Robeco’s online investment platform into Evi in the first half of this year. 

“The second half looks set to remain volatile in an environment requiring agility. With our strategy, we’re well-positioned to adapt, thanks to our integrated approach, digital capabilities and client centricity. Our goal remains unchanged: to be the best wealth manager for our clients. I’d like to thank them for their trust in us, and all our colleagues for their dedication.” 
 

Performance report, presentation and webcast 

For a detailed discussion of Van Lanschot Kempen’s results and balance sheet, please see our performance report and presentation on the 2025 half-year results in the Financial results section. In a conference call on 28 August at 9:00 am CEST, we will discuss our 2025 half-year results in greater detail. This can be viewed live at Financial results and played back later.
 

Financial calendar 

28 October 2025 - Publication of third-quarter 2025 trading update 
26 February 2026 - Publication of 2025 full-year results 

Please find the full press release under the ‘Download’ section for more information.