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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.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.
- Significant losses and deleveraging mark a challenging transition to a holding structure.CCAP
Q3 20255 Jan 2026 - Revenue and EBITDA fell, but asset sales and liquidity support ongoing deleveraging.CCAP
Q2 20255 Sep 2025 - Restructuring nearly complete; focus shifts to asset sales and deleveraging amid market headwinds.CCAP
Q4 20248 Aug 2025 - Revenue up, profits down; asset sales and debt repayment drive 2025 strategy.CCAP
Q1 202517 Jun 2025 - Net loss, lower equity, and delayed asset sales mark Corestate's ongoing restructuring.CCAP
Q3 202413 Jun 2025 - EBITDA loss narrowed and asset sales accelerated, but AUM and equity ratio declined.CCAP
Q2 202413 Jun 2025 - Losses narrowed and asset sales progressed, but liquidity remains a key challenge.CCAP
Q1 202413 Jun 2025
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