MONETA Money Bank (MONET) Q4 2025 earnings summary

Executive summary

• Operating income rose 7.8% year-over-year to CZK 13.9 billion, driven by net interest and fee income growth.

• Net profit reached CZK 6.5 billion, up 11.9% year-over-year and CZK 500 million above guidance.

• Lending volumes increased 22% across all segments, with the loan portfolio expanding 5.8% to CZK 292 billion.

• Dividend proposal of CZK 11.5 per share (CZK 5.9 billion), representing a 90% payout ratio.

• Total shareholder return for 2025 was 71.2%, with 56.2% from share price appreciation and 15% from dividends.

Financial highlights

• Net interest income grew 8.8% year-over-year to CZK 9.7 billion, supported by higher lending and lower funding costs.

• Net fee and commission income rose 11.1% to CZK 3.4 billion, mainly from wealth management distribution.

• Operating expenses increased 2% to CZK 5.8 billion, improving the cost-to-income ratio to 41.9%.

• Cost of risk was 16 basis points (CZK 444 million), at the low end of guidance.

• Return on tangible equity improved by 3 percentage points to 23.4%.

Outlook and guidance

• Cumulative EPS for 2026–2030 expected to exceed CZK 72, a 5.9% CAGR.

• Operating income projected to grow at 4.6% CAGR, reaching CZK 17.5 billion in 2030.

• Net profit guidance: CZK 6.6 billion in 2026, rising to CZK 8.3 billion in 2030.

• Dividend per share expected to grow from CZK 11.6 in 2026 to CZK 14.6 in 2030.

• Return on tangible equity forecast to remain above 23% through 2030.