BB Biotech: Preliminary full-year 2025 results and dividend proposal

Media release as of January 23, 2026

BB Biotech: Preliminary full-year 2025 results and dividend proposal

BB Biotech AG reports the following preliminary and unaudited figures for 2025:

Full-year 2025: BB Biotech shares delivered a strong total return of +34.2% in CHF, +37.0% in EUR and +53.7% in USD (including the CHF 1.80 dividend paid in March 2025). This compares with a gain of +33.4% in USD for the Nasdaq Biotechnology Index, resulting in a share price outperformance of +20.3% in USD. NAV performance amounted to +26.5% in CHF, +27.8% in EUR and +44.8% in USD for the year. BB Biotech reported a full-year net profit of CHF 578 mn in 2025, compared to a net profit of CHF 76 mn in 2024.

Fourth quarter 2025: BB Biotech shares delivered a strong total return of +24.0% in CHF, +26.1% in EUR and +24.6% in USD, clearly outperforming the Nasdaq Biotechnology Index, which gained 17.1% in USD over the quarter. NAV performance for the quarter amounted to +20.4% in CHF, +21.0% in EUR and +21.0% in USD. BB Biotech reported a net profit of CHF 472 mn in the fourth quarter of 2025, compared to a net profit of CHF 60 mn in Q4 2024.

Premium/Discount: BB Biotech’s share price closed FY 2025 at a 10.8% discount to NAV in CHF, narrowing materially from the 15.2% discount recorded at year-end 2024. This reflects a partial recovery in investor sentiment following strong performance in 2025, while volatility in the biotech sector remains elevated.

Dividend proposal: The Board of Directors will propose a regular dividend of CHF 2.25 per share at the Annual General Meeting on March 19, 2026, reflecting a 5% yield based on the average December 2025 share price. This proposal is consistent with the dividend policy adopted in 2013 and reflects BB Biotech’s disciplined approach to balance shareholder returns with reinvestment into the long-term growth opportunities of the biotech sector.

A review of BB Biotech’s portfolio and results for 2025 as well as the outlook for 2026 will be included in the Annual Report, to be published on February 20, 2026, at 7.00 am.

For further information:
Bellevue Asset Management AG
Theaterstrasse 12, 8001 Zurich, Switzerland, tel. +41 44 267 67 00

Head BB Biotech
Dr. Christian Koch

Investor Relations
Rachael Burri, rbu@bellevue.ch

E-Mail: ir@bbbiotech.com
Phone: +41 44 267 67 17

Media Relations
Tanja Chicherio, tch@bellevue.ch

 www.bbbiotech.com

Company profile  
BB Biotech AG is an investment company with its registered office in Schaffhausen/Switzerland and listed on the Swiss and German stock exchanges. It has invested in innovative drug developers headquartered primarily in the US and Western Europe. BB Biotech is one of the world’s largest investors in this sector. The competent Board of Directors with its long-standing experience set the investment strategy and guidelines. Investment decisions are taken by the experienced investment management team of Bellevue Asset Management AG based on their extensive investment research.

Disclaimer
This release contains forward-looking statements and expectations as well as assessments, beliefs and assumptions. Such statements are based on the current expectations of BB Biotech, its directors and officers, and are, therefore, subject to risks and uncertainties that may change over time. As actual developments may significantly differ, BB Biotech and its directors and officers accept no responsibility in that regard. All forward-looking statements included in this release are made only as of the date of this release and BB Biotech and its directors and officers assume no obligation to update any forward-looking statements as a result of new information, future events or other factors.