Van Lanschot Kempen (VLK) Q1 2026 TU earnings summary

Executive summary

• Net inflows in Assets under Management (AuM) reached €17.3 billion in Q1 2026, with significant contributions from Investment Management Clients (€16.2 billion).

• Client assets increased to €195.6 billion, up 9% from €180.0 billion at year-end 2025.

• Net profit for the first quarter was in line with the previous quarter, despite volatile market conditions.

Financial highlights

• AuM rose to €175.2 billion from €158.9 billion at year-end 2025, a 10% increase.

• Commission income increased, driven by growth in clients and AuM.

• Net interest income for full year 2026 is expected to be €180-195 million.

• Costs remained well controlled, supporting a solid quarterly result.

Outlook and guidance

• Net interest income for 2026 is projected at €180-195 million.

• Continued focus on scalable growth and client guidance amid market volatility.