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Corestate Capital (CCAP) investor relations material
Corestate Capital Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Completed STAM France divestment, transforming into a pure holding company with Hannover Leasing as the core subsidiary.
Strategic focus on value maximization from non-core asset disposals and supporting Hannover Leasing's growth.
Operational transparency and financial discipline have increased.
Financial highlights
Aggregated revenue and gains for 9M 2025 were €21.8 million, down from €23.3 million year-over-year.
EBITDA for 9M 2025 was €6.1 million, a significant decline from €18.7 million in 9M 2024.
Net profit for 9M 2025 was €-28.2 million, compared to €45.4 million in 9M 2024.
Adjusted net profit for 9M 2025 was €-25.5 million, versus €39.1 million in 9M 2024.
Earnings per share for 9M 2025 was €-0.2, compared to €0.3 in 9M 2024.
Cash and cash equivalents as of 30 September 2025 were €29.5 million.
Net debt increased to €196.8 million as of 30 September 2025.
Equity ratio declined to 7% from 12% at year-end 2024.
Outlook and guidance
Deleveraging efforts to continue through 2025 and 2026, with a focus on asset disposals.
Agreement reached with majority noteholders to extend maturities of two Senior Notes by two years, pending formal approval in December 2025.
Additional flexibility expected for asset disposal program execution.
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