Van Lanschot Kempen (VLK) Q3 2025 TU earnings summary

Executive summary

• Achieved strong net profit in Q3 2025, surpassing the first two quarters.

• Solid commission and improved interest income contributed to results.

• Commercial momentum continued with positive market performance and high client satisfaction.

Financial highlights

• Net AuM inflow of €5.1 billion in the first nine months of 2025.

• Client assets rose by 3% to €173.3 billion; AuM up 3% to €154.1 billion compared to end of 2024.

• CET1 ratio (Basel IV fully loaded) at 18.1% as of 30 September 2025.

Outlook and guidance

• Nearly £3.0 billion of AuM inflow expected in Q4 from UK pension funds.

• Anticipates limited shift from AuM to savings at Private Clients Netherlands by year-end, typically reinvested in the new year.

• Dividend and possible capital return to be announced with 2025 annual results.