MLP (MLP) Q4 2025 earnings summary

Executive summary

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

• Assets under management reached EUR 65.9 billion and non-life insurance premium volume hit EUR 809 million, both at record highs.

• EBIT was EUR 87.9 million, including a EUR -9.2 million one-off from real estate business restructuring; adjusted EBIT would have been EUR 97.1 million.

• Proposed dividend of EUR 0.36 per share, yielding over 5%.

• Strategic focus on digitalization, AI integration, and expansion in wealth management, alternative investments, and corporate client business.

Financial highlights

• Revenue increased to EUR 1.08 billion, with 72% from recurring sales; total revenue grew 1% year-over-year.

• EBIT declined 7% year-over-year to EUR 87.9 million due to a EUR 9.2 million one-off effect; adjusted EBIT was EUR 97.1 million.

• Net profit for 2025 was EUR 55.7 million, down 20% year-over-year.

• Earnings per share fell to EUR 0.51 from EUR 0.63 in the previous year.

• Liquidity coverage ratio at 972%, well above regulatory minimum.

Outlook and guidance

• Forecasting EBIT of EUR 100–110 million for 2026, targeting EUR 140–155 million by 2028.

• Revenue expected to reach EUR 1.3–1.4 billion by 2028.

• Assets under management projected to grow from EUR 65.9 billion to EUR 75–81 billion by 2028; non-life insurance premiums to EUR 1.0–1.1 billion.

• Continued disciplined cost management and further AI-driven efficiency gains.