Coop Pank (CPA1T) Q4 2025 earnings summary

Executive summary

• Loan portfolio grew by 19% year-over-year, surpassing €2.11 billion and outpacing the market.

• Net profit for 2025 was €28.7 million, down 11% from the previous year, with Q4 net profit up 12% year-over-year to €7.2 million.

• Active customer base increased by 9% year-over-year, reaching 227,000 by year-end.

• Cost/income ratio rose to 52% for the year and 54% in Q4 2025.

• Moody’s affirmed Baa2 deposit rating with a positive outlook.

Financial highlights

• Net operating income for the year was €79.4 million, down 3% year-over-year.

• Q4 2025 net interest income was €19.0 million (+4% QoQ, -1% YoY); net fee and commission income was €1.1 million (-14% YoY).

• Operating expenses increased by 2% to €41.5 million for the year; Q4 operating expenses were €11.4 million (+9% QoQ, +6% YoY).

• Impairment costs dropped by 29% to €3.3 million for the year; Q4 impairment losses were €1.0 million (down 43% YoY).

• Net interest margin declined to 3.0% for the year and 2.9% in Q4 2025.

Outlook and guidance

• Targets for 2030 include ROE above 15%, net profit over €60 million, and loan portfolio market share above 10%.

• Capital relief from the European Investment Bank enables up to €249 million in new business loans, focusing on gender equality and sustainability.

• New €5 million subordinated loan from the European Energy Efficiency Fund, repayable by March 2034.