Corestate Capital
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Corestate Capital (CCAP) investor relations material

Corestate Capital Q4 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q4 2025 earnings summary13 Apr, 2026

Executive summary

  • Achieved significant financial and structural stabilization, focusing on transformation into a pure holding company with Hannover Leasing as the core subsidiary.

  • Strategic focus on value-maximizing disposal of non-core assets and supporting Hannover Leasing's growth.

  • Asset disposal proceeds in 2025 were below initial expectations due to market challenges, but key deleveraging milestones were met.

Financial highlights

  • Aggregated revenue and gains rose to €65.0m in 2025 from €29.7m in 2024.

  • EBITDA improved to €16.1m in 2025 from €-33.9m in 2024, aided by €22.4m positive valuation effects.

  • Net profit was €-17.7m (2024: €-59.5m); adjusted net profit was €-14.0m (2024: €-26.2m).

  • Earnings per share improved to €-0.1 from €-0.4 year-over-year.

  • Cash and cash equivalents at year-end were €18.9m, down from €32.5m in 2024.

Outlook and guidance

  • Deleveraging strategy to continue in 2026, supported by extended Senior Notes maturities.

  • Focus remains on asset disposals and strengthening Hannover Leasing.

  • Monetization of remaining non-core assets (~€130m) targeted by end of 2027.

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