Full text of PICTET OVERSEAS INC.'s X-17A-5 filed 2026-02-26 (period 2025-12-31). Broker-dealer annual report from SEC EDGAR — readable, searchable, and available as markdown for AI agents.
{0}------------------------------------------------ # Pictet Overseas Inc Financial Statements and Supplemental Schedules Pursuant to Rule 17a-5 under the Securities Exchange Act 0f 1934 and Regulation 1.10 ofthe Commodity Exchange Act December 31, 2025 and 2024  {1}------------------------------------------------  # **Report ofIndependent Registered Public Accounting Firm** To the Board of Directors of Pictet Overseas Inc. ## **Opinion on the Financial Statements** We have audited the accompanying statements offinancial condition of Pictet Overseas Inc. (the Company) as at December 31, 2025 and 2024, and the related statements of changes in shareholder's equity, statements of changes in liabilities subordinated to the claim of general creditors pursuant to a satisfactory subordination agreement, statements of operations and comprehensive income and retained earnings and statements of cash flows for the years then ended, including the related notes (collectively referred to as the financial statements). In our opinion, the financial statements present fairly, in all material respects, the financial position ofthe Company as of December 31, 2025 and 2024, and the results of its operations and its cash flows for the years then ended in conformity with accounting principles generally accepted in the United States of America. ## **Basis for Opinion** These financial statements are the responsibility ofthe Company's management. Our responsibility is to express an opinion on the Company's financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations ofthe Securities and Exchange Commission and the PCAOB. We conducted our audits ofthese financial statements in accordance with the standards ofthe PCAOB. Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expre…Read the full text as markdown