Bursa De Valori Bucuresti · BVB:BVB
Bursa De Valori Bucuresti — H1 2025 Earnings Presentation
14 slides from Bursa De Valori Bucuresti's earnings presentation, 2025
Slide 1: BVB H1 2025 Half Year Results
BVB H1 2025 Half Year Results Own the future. Invest in it.
Slide 2: Bucharest Stock Exchange (BVB) Stock
Bucharest Stock Exchange (BVB) Stock Indicator BVB BVB vs BET index (5 years, rebased) ISIN ROBVBAACNOR0 350 Refinitiv ROBVB.BX BVB BET index 325 Bloomberg BVB.RO 300 Share price (June 30, 2025) EUR 7.46 / RON 37.90 275 Market Cap (June 30, 2025) EUR 66.09 mn/ RON 336 mn 250 225 No. of outstanding s
Slide 3: Trading evolution in Q2 2025
Trading evolution in Q2 2025 Trading value for shares, rights, units, certificates Main market -including offers- (RON bn) Trading value, shares-regular transactions (RON bn) 5.58 15.52 4.24 4.42 3.80 3.84 3.52 3.52 2.61 5.79 5.16 4.78 1.68 4.35 4.21 4.05 2.85 2.11 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24
Slide 4: Key updates on Q2 25 and expectations for Q3 25
Key updates on Q2 25 and expectations for Q3 25 • Starting July 1st, Mr. Remus Vulpescu is the new CEO of BVB • Strong trading activity in Q2 25 ▪ Total liquidity of RON 10.1 bn, up by 11% compared to the previous year on intense trading activity; ▪ Three series of Fidelis bonds attracted financing
Slide 5: Highlights – Q2 2025 Financials
Highlights – Q2 2025 Financials Consolidated Q2 25 vs Q2 24 (RON mn) Standalone Q2 25 vs Q2 24 (RON mn) -4% -11% Lower standalone revenues due to weaker secondary market trading 20.68 21.51 10.05 11.33 activity (equity trading -14% y/y), but strong recovery vs Q1 +70% in equity trading Operating rev
Slide 6: H1 2025 key financial highlights
H1 2025 key financial highlights Financial performance, BVB standalone and BVB Group (RON mn, unless otherwise stated) BVB standalone Group Change H1 2025 H1 2024 (%) H1 2025 H1 2024 Change (%) Operating revenue 17.86 20.48 -13% 37.21 38.77 -4% Operating expenses (14.36) (14.28) 1% (37.70) (31.76) 1
Slide 7: Half year Financial Results - BVB standalone
Half year Financial Results - BVB standalone BVB standalone Main financial indicators, YTD evolution (RON mn) 20.48 17.86 14.36 14.28 8.95 6.20 3.50 3.83 0.66 H1 2025 H1 2024 -2.28 Operating revenues Operating expenses Operating profit Financial Result Net profit Operating revenues of RON 17.86 mn,
Slide 8: Half Year Financial Results - BVB Group
Half Year Financial Results - BVB Group BVB Group Net profit by segment YTD (RON mn) Main financial indicators, YTD evolution 8.00 5.95 (RON mn) 6.00 4.88 3.62 4.00 37.21 37.70 38.77 2.26 1.91 31.76 2.00 1.32 0.00 7.01 8.44 2.26 1.48 2.99 Trading segment Post-trading Registry segment CCP.RO -2.00 se
Slide 9: Analysis of the consolidated operating revenues - BVB Group
Analysis of the consolidated operating revenues - BVB Group Distribution of operating revenues and operating profit, • Trading segment share in Group’s operating revenues decreased from 52% in by segment, H1 2025 (RON mn) 2024 to 47% in Q1 2025, out of which trading revenues represent 68%; 20.00 17.
Slide 10: Analysis of operating expenses – BVB standalone
Analysis of operating expenses – BVB standalone BVB standalone Third party services, H1 2025 (%) Breakdown of operating expenses, (RON mn) Audit services, 15% 8.09 7.24 5.19 4.38 Other third party services, Commissions & 34% fees, 14% 1.89 1.85 H1 2025 H1 2024 Promotion BD services, activities, 15%
Slide 11: Analysis of operating expenses – BVB Group
Analysis of operating expenses – BVB Group Group Consolidated third party services, H1 2025 Breakdown of operating expenses, (RON mn) (%) Commissions & Swift services and fees Audit services 18.37 transactions 6% 10% 16.44 commisioning 14% Promotion activities 4% 7.76 BD services 5% 11.57 4.32 11.00
Slide 12: Overview of the financial position as of June 30, 2025
Overview of the financial position as of June 30, 2025 Financial position, BVB standalone and BVB Group (RON mn, unless otherwise stated) BVB Standalone Preliminary BVB standalone GROUP Non-current assets of RON 103.55 mn, 4% decrease or RON 4.16 mn compared to the end of 2024 mainly determined by t
Slide 13: Overview on BVB share
Overview on BVB share Dividend yield evolution 5 years evolution BVB share 3.50 8% 70.00 0.60 3.00 60.00 0.50 2.50 6% 50.00 2.00 4.3% 0.40 2.5% 40.00 3.3% 3.5% 4% 0.30 1.50 2.7% 30.00 1.00 0.20 20.00 1.56 2% 0.50 1.07 1.29 10.00 0.10 0.81 0.96 0.0% 0.00 0% - - 2019 2020 2021 2022 2023 2024 2020 2021
Slide 14: Thank you
IR Contact: ir@bvb.ro M: +40 745 013 552 P: +40 21 307 95 07 Thank you This presentation is made solely to the intended recipient and should not be distributed to, or acted upon by, any other person. It is for general information only and reflects the personal views of the presenter. Nothing herein
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