Alior Bank (ALR) Q4 2025 earnings summary

Executive summary

• Achieved strong annual revenue of PLN 6.01 billion in 2025, with Q4 revenue at nearly PLN 1.5 billion.

• Net profit for 2025 was PLN 2.37 billion, down 3% year-on-year, with Q4 net profit at PLN 688 million (+12% y/y).

• ROE for 2025 was 19.6%, with Q4 at 21.7%, exceeding forecasts.

• Customer base grew by 107,000, with mobile app users up 17% year-on-year to 1.67 million.

• Total assets increased to PLN 101.8 billion as of December 2025, up 9% year-on-year.

Financial highlights

• Net interest income for 2025 was PLN 5.13 billion, down 1% year-on-year; net commission income rose 4% to PLN 906 million.

• Cost/income ratio improved to 37.9% in Q4 and was 38.2% for the year.

• NIM for 2025 was 5.60%, with Q4 at 5.38%.

• Cost of risk for 2025 was 0.49%, with NPL ratio at 5.64% at year-end.

• Total assets reached PLN 101.8 billion (+9% y/y).

Outlook and guidance

• Expect continued growth in consumer and mortgage loans in 2026, with business sector growth focused on safe segments.

• Aim to maintain revenue streams in 2026 at 2025 levels, offsetting lower rates with new business.

• Cost growth targeted below 5% for 2026; risk costs expected to remain below 0.8%.

• Regulatory changes will increase the corporate income tax rate for banks to 30% in 2026.

• No significant deterioration in credit portfolio quality expected, supported by stable macroeconomic scenarios.