Kruso Kapital
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Kruso Kapital (KK) investor relations material

Kruso Kapital H2 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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H2 2025 earnings summary5 Feb, 2026

Executive summary

  • Net profit doubled year-over-year to €8.8 million, driven by organic growth and full-year contribution from CEP in Portugal.

  • Loan book for pawn credit reached €155.1 million, up 8% year-over-year, with strong performance in both Italy and Portugal.

  • Intermediation margin rose 44.9% year-over-year to €35.8 million, supported by higher loan volumes, increased margins, and auction commissions.

Financial highlights

  • Net profit: €8.8 million, +95% year-over-year.

  • Intermediation margin: €35.8 million, +44.9% year-over-year.

  • Operating costs: €21.9 million, +28.7% year-over-year, mainly due to consolidation of CEP and higher administrative expenses.

  • Cost/income ratio improved to 61% from 69% in 2024.

  • Total assets: €215.0 million, +5.1% year-over-year.

  • Equity: €58.3 million, up from €49.5 million at end-2024.

Outlook and guidance

  • Initiated securitization process to diversify funding and reduce reliance on main banking partner.

  • Preliminary activities started for potential translisting to Euronext Milan regulated market.

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H1 202631 Jul, 2026
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