KBC Ancora (KBCA) Company presentation summary

Financial performance and results

• Reported operating income of EUR 396.9 million for FY 2025/2026, mainly from KBC Group dividends and interest income.

• Net result for FY 2025/2026 was EUR 389.4 million, with limited operational and financial costs.

• Gross dividend per share increased to EUR 4.32 for 2025/2026, with a 90% payout ratio of distributable recurring result.

• Market capitalization reached EUR 6.3 billion, with a free float of approximately 48%.

• Discount to NAV stood at around 32% as of June 2026.

Balance sheet and assets

• Held 77,516,380 KBC Group shares, representing 18.6% of KBC Group.

• Total assets and liabilities both amounted to EUR 3,686 million as of June 2026.

• Net debt was EUR 14.6 million, or EUR 0.19 per share.

• Financial fixed assets were valued at EUR 3,600 million, with current assets at EUR 86 million.

• Equity stood at EUR 3,585 million, with EUR 100 million in financial debt maturing in May 2027.

Dividend policy and capital allocation

• Pays out 90% of distributable recurring result as interim dividend; no final dividend for 2025/2026.

• After full repayment of financial debt, excess funds will be used for share repurchases, post-liquidity buffer.

• Legal reserve formation is 5% of net profit per year until it reaches 10% of capital.

• Dividend per share has shown consistent growth, with EUR 4.32 for 2025/2026 and EUR 3.51 for 2024/2025.