The Swiss National Bank made a profit of around 26 billion Swiss francs (US$32.52 billion or RM144.4 billion) in 2025, the central bank said on Friday, thanks to big increases in gold prices as investors headed for safe-havens assets last year.

The provisional figures were a decline from the record 80.7 billion franc profit the SNB made in 2024, but were still in the top five profits the central bank has made in its 119-year history.

The SNB’s 2025 profit was boosted by a 36.3-billion-franc valuation gain in its gold holdings, as investors bought the precious metal to protect them from the global economic turmoil unleashed by US President Donald Trump’s tariffs.

The figure was the biggest ever profit the SNB has made from gold, helped by the precious metal gaining 64% in value in 2025, boosting the value of the 1,040 metric tonnes of gold it holds.

The central bank’s profits, however, were held back by a nine-billion-franc loss on its foreign currency positions.

The overall annual profit figure was in line with the 23.5 billion francs to 28.5 billion francs forecast by UBS.

Source: Theedgemalaysia