Azimut Holding SpA (MIL:AZM)

Q3 2025 Azimut Holding SpA Earnings Call Transcript

Nov 6, 2025 / 02:00 PM GMT

Release Date Price: €35.35 (+4.99%)

Transcript

Key Points

Positve

Azimut Holding SpA (AZIHF) reported record managed net inflows of €13 billion for the first nine months of 2025, showcasing the strength of its diversified business model.
The company achieved a 17% growth in recurring net profits, reflecting the quality and resilience of its revenue base.
Azimut Holding SpA (AZIHF) raised its core group net profit guidance for 2025 to exceed €500 million, with expectations for 2026 net profit to surpass €1 billion.
The company's global operations contributed significantly, with a 50% growth in net profit from €43 million in 2024 to €60 million in 2025.
Azimut Holding SpA (AZIHF) announced a new share buyback program, committing to cancel up to €500 million of repurchased shares over the next 18 to 24 months, reflecting confidence in its financial strength.

Negative

The group's net profit for the first nine months of 2025 was €386 million, down from €439 million in the same period last year, mainly due to lower performance fees and capital gains.
Performance fees were reduced by about €190 million, primarily due to insurance-related products.
Strategic affiliates contributed less than last year, with lower net results from Sanctuary Wealth and AZNGA.
The TMB transaction timeline has been updated, with authorization now expected by the second quarter of 2026, potentially delaying expected contributions.
The company faces ongoing regulatory scrutiny, with the Bank of Italy's inspection requiring some remedial actions, although these are not expected to have a material financial impact.

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

AZMT.MI - Azimut Holding SpA
Q3 2025 Azimut Holding SpA Earnings Call
Nov 06, 2025 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon. This is the Car school conference operator. Welcome and thank you for joining the Atimot Group 9 month 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 and 0 on the telephone.

At this time I would like to turn the conference over to Mr. Giorgioda, CO of Atsimo. Please go ahead, sir.

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Unidentified_2 [2]
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Thank you and

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