Anima Holding (ANIM) Q2 2026 earnings summary

Executive summary

• Assets under management and administration (AuM & AUA) reached €212.2bn at the end of Q2 2026, stable to slightly up from year-end 2025, with net inflows of €0.7bn in Q2 2026 and over one million clients.

• Net profit for H1 2026 was €158.8mn, up from €153.9mn in H1 2025, with Q2 2026 net profit at €97.3mn (+19% YoY).

• The group completed the acquisition of the remaining 20% of Castello SGR, now fully owned and consolidated.

• Dividend of €0.50 per share, totaling €162.6mn, was paid in April 2026.

• The group is part of the Banco BPM Group since April 2025.

Financial highlights

• Total revenues for H1 2026 were €286.8mn (+16% YoY), with Q2 2026 revenues at €146.2mn (+28% YoY).

• Adjusted EBITDA for H1 2026 was €207.1mn (+22% YoY).

• Performance fees in H1 2026 totaled €64.2mn, up 80% year-over-year.

• Adjusted net income for H1 2026 was €178.4mn, up 16% year-over-year.

• Net financial position (net cash) stood at €604.3mn as of June 30, 2026, up from €491.2mn at year-end 2025.

Outlook and guidance

• Retail net inflows showed a notable reversal in June and July, supported by positive market performance.

• The group launched a new Wealth Advisory business line in July through Kairos, attracting over €1bn in inflows.

• Management confirmed an improving trend in retail inflows and strategic positioning for potential banking sector consolidation.

• The group expects continued diversification of its customer base and revenue streams, reducing overall risk.

• Cautious market outlook due to high valuations, geopolitical uncertainty, and evolving monetary policy.