MLP (MLP) Q4 2025 (Media) earnings summary

Executive summary

• Achieved record total revenues of €1.08 billion in 2025, marking the twelfth consecutive year of growth, with 72% recurring revenue.

• EBIT for 2025 was €87.9 million, impacted by a €9.2 million one-time effect from real estate business focus; adjusted EBIT would be €97.1 million.

• Managed assets reached €65.9 billion and property/non-life insurance premium volume hit €809 million, both at all-time highs.

• Consistent dividend proposal of €0.36 per share, yielding over 5%.

• Artificial intelligence increasingly integrated to accelerate business, automate policy processes, and enhance client service.

Financial highlights

• Total revenues grew 1% year-over-year to €1.08 billion.

• EBIT declined 7% year-over-year to €87.9 million due to a €9.2 million one-time effect; adjusted EBIT would be €97.1 million.

• Net income fell 20% year-over-year to €55.7 million.

• EPS decreased to €0.51 from €0.63 in the prior year.

• Recurring revenues accounted for 72% (€756 million) of total revenues.

Outlook and guidance

• 2026 EBIT forecasted at €100–110 million, driven by AI adoption and cost discipline.

• 2028 planning targets EBIT of €140–155 million and total revenues of €1.3–1.4 billion, with assets under management of €75–81 billion and non-life insurance premiums of €1.0–1.1 billion.

• Continued focus on digitalization, cost efficiency, and expansion in corporate, family, and high-net-worth client segments.