Addiko Bank (ADKO) Q3 2025 earnings summary

Executive summary

• Net profit for the first nine months of 2025 was €35.3m, down 6.4% year-over-year, with Q3 profit at €11.3m; return on average tangible equity at 5.6% and EPS at €1.83.

• Achieved record quarterly operating result of €31.2m in Q3 2025, with year-to-date operating result at €82.9m, nearly flat year-over-year.

• Active customer base grew 5% year-on-year, with digital users up 7% and mobile banking users up 8% year-on-year.

• Focus segments (Consumer and SME) accounted for over 91% of the gross performing loan book, with Consumer lending up 9.2% year-on-year.

• Digital transformation advanced, with new digital lending platform launched in Romania.

Financial highlights

• Net banking income stable at €235.6m; net interest income down 2.2% to €177.8m, net fee and commission income up 7.8% to €57.8m.

• General administrative expenses increased by 1% to €144.5m, mainly due to wage and inflation pressures.

• Cost/income ratio at 61.4%, up from 60.8% YoY; operating result down 0.8% year-on-year.

• NIM at 3.72% YTD (down 19bps YoY); return on average tangible equity at 5.6%.

• Loan-to-deposit ratio at 69%, liquidity coverage ratio at 388.9%, and CET1 ratio at 21.3% (Basel IV).

Outlook and guidance

• 2025 outlook maintained: loan growth >6%, NIM >3.6%, NPE ratio <3%, TCR >18.35%, OPEX <€196m, LDR <80%; mid-term targets under review due to regulatory and macroeconomic uncertainties.

• Dividend policy remains at 50% payout ratio, but dividend remains suspended pending shareholder and regulatory situation.

• New midterm specialization program to be launched in Q1 2026, focusing on cost optimization, digitalization, and AI-based solutions.