Equita Group (EQUI) Q1 2025 earnings summary

Executive summary

• Achieved strongest first quarter since IPO, with Net Revenues up 37% to €23.4m and Net Profit up 53% to €4.7m year-over-year, driven by all business areas.

• Growth attributed to investments and diversification in offerings, as well as strengthening of the team with new senior professionals.

Financial highlights

• Consolidated Net Revenues rose 37% year-over-year to €23.4m; client-related revenues up 19% to €17.7m.

• Consolidated Net Profit increased 53% to €4.7m, with a net margin of 20% (vs 18% in 1Q'24).

• Profit before taxes up 60% to €6.7m; cost/income ratio improved to 71.6% from 75.7%.

• Personnel costs rose 42% to €11.4m, reflecting higher revenues and increased headcount.

• Shareholders' equity at €109.8m as of March 31, 2025; ROTE at 22%.

Outlook and guidance

• Positive performance continues into 2Q'25, confirming growth trajectory for 1H and full year 2025.

• 2025 to benefit from full consolidation of EQUITA Debt Advisory, increased asset management and equalization fees, and a strong investment banking pipeline.