Banca Generali (LTS:0DQZ)

Preliminary Q4 2025 Banca Generali SpA Earnings Call Transcript

Feb 11, 2026 / 10:59 AM GMT

Release Date Price: €54.4 (-6.45%)

Transcript

Key Points

Positve

Banca Generali (BGNMF) achieved a record high net profit of €445.8 million, driven by strong recurring net profits and a tax refund.
The company reported solid commercial activity with an acceleration in the last part of the year, leading to an increase in dividend per share.
Net financial income closed at €355.5 million, with a stable net interest margin yield of 1.95%, aligning with guidance.
Total gross fees reached €1.131 billion, with a significant growth of 11% in the fourth quarter compared to the previous year.
Banca Generali (BGNMF) maintained a strong capital and liquidity position, with a total capital ratio close to 19% and a liquidity coverage ratio of 337.

Negative

Variable net profit contribution was lower due to reduced performance fees.
Operating costs increased to over €360 million, partly due to one-off expenses and changes in perimeter.
The company faced a sell-off in stocks due to market reactions to a US initiative, despite it being irrelevant to the Italian context.
Provisions for risk and charges were conservatively set at €49 million in the fourth quarter, impacting overall financial results.
Guidance for net inflows in 2026 is set lower than the previous year's actual inflows, reflecting a conservative approach.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

BGN.MI - Banca Generali SpA
Preliminary Q4 2025 Banca Generali SpA Earnings Call
Feb 11, 2026 / NTS GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon. This is the Cosco conference operator. Welcome and thank you for joining the Banca Generale Fullier 2025 results conference call.

As a reminder, all participants are in listen-only mode.

After the presentation, there will be an opportunity to ask questions.

Should anyone need assistance during the conference call, they may signal an operator by pressing 0 on their telephone.

At this time, I would like to turn the conference over to Mr. Gian Maria Mosa, CEO and general manager of Banca Generale. Please go ahead, sir.

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Unidentified_2 [2]
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