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Equita Group (EQUI) investor relations material
Equita Group Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved record nine-month results since IPO, with net revenues of €82.7 million (+49% YoY) and net profits of €18.7 million (+89% YoY), surpassing 2024 full-year profit before year-end.
All business divisions—Global Markets, Investment Banking, and Alternative Asset Management—contributed to strong growth, supported by robust trading activity and market positioning in Italy.
Significant contributions from newly acquired businesses, including EQUITA Debt Advisory, and new illiquid funds expanded capabilities and market reach.
Board to propose a dividend increase above €0.35 per share for 2026, reflecting robust performance and positive outlook.
Surpassed previous records in Directional Trading and received industry recognition for bond issuance.
Financial highlights
Net revenues reached €82.7 million (+49% YoY); 3Q'25 net revenues were €28.6 million (+93% YoY).
Net profit was €18.7 million (+89% YoY); profit before taxes €26.1 million (+86% YoY); net margin improved to 22.6%.
Net revenues linked to clients totaled €69.8 million (+39% YoY).
Cost/income ratio improved to 68%–68.5% (from 74.8%–75% YoY), reflecting strong operating leverage.
Personnel costs increased by 52% to €40.2 million, with compensation-to-revenues ratio at 49%.
Outlook and guidance
Management expects continued positive performance, with all divisions contributing to profit growth and a focus on business line integration and product innovation.
Dividend per share for 2026 expected to exceed €0.35, while retaining some profits for future stability.
Anticipation of IPO market rebound in 2026–2027 and further expansion in research coverage and new business areas.
Macroeconomic and geopolitical factors, including US tariffs and the Ukraine conflict, may impact performance.
Fundraising in illiquid asset management and IPO recovery support optimism despite uncertainties.
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