Bursa De Valori Bucuresti · BVB:BVB
Bursa De Valori Bucuresti — Q3 2025 Earnings Presentation
14 slides from Bursa De Valori Bucuresti's earnings presentation, 2025
Slide 1: BVB Q3 2025 Quarterly Results
BVB Q3 2025 Quarterly 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 325 BVB BET index Bloomberg BVB.RO 300 Share price (September 30, 2025) EUR 7.81 / RON 39.70 275 Market Cap (September 30, 2025) EUR 69.18 mn/ RON 351.51 mn 250 +137% No. o
Slide 3: Trading evolution in Q3 2025
Trading evolution in Q3 2025 Main market Trading value for shares, rights, units, certificates Trading value, shares-regular tranzactions (RON bn) (RON bn) 5.58 15.52 4.24 4.42 3.80 3.84 3.85 3.52 3.52 2.61 5.79 5.64 5.16 4.78 4.35 4.21 4.05 2.85 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 3Q23 4Q2
Slide 4: Key updates on Q3 25 and expectations for Q4 25
Key updates on Q3 25 and expectations for Q4 25 • Strong trading activity in Q3 25 ▪ Total liquidity of RON 10.9 bn, up by 11% y/y on intense trading activity; ▪ Three series of Fidelis bonds attracted financing of RON 5.4 bn, up by 28% y/y; ▪ Electrica had its first bond issue of 500 mn EUR; Banca
Slide 5: Highlights – Q3 2025 Financials
Highlights – Q3 2025 Financials Consolidated Q3 25 vs Q3 24 (RON mn) Standalone Q3 25 vs Q3 24 (RON mn) +22% +33% Strong developments of operating revenues, at individual level from 23.11 18.90 12.77 9.58 the increase in volumes traded on secondary market (+9% vs Q3 2024) and significant public offe
Slide 6: 9M 2025 key financial highlights
9M 2025 key financial highlights Financial performance, BVB standalone and BVB Group (RON mn, unless otherwise stated) BVB standalone Group 9M 2025 9M 2024 Change (%) 9M 2025 9M 2024 Change (%) Operating revenue 30.63 30.06 2% 60.33 57.34 5% Operating expenses (21.43) (21.42) 0% (56.73) (47.87) 19%
Slide 7: 9M 2025 Financial Results - BVB standalone
9M 2025 Financial Results - BVB standalone BVB standalone Main financial indicators, YTD evolution 30.63 (RON mn) 30.06 21.43 21.42 9.20 11.07 8.64 5.65 3.83 9M 2025 -2.28 9M 2024 Operating revenues Operating expenses Operating profit Operating revenues in 9M 2025 exceed RON 30 million, +2% vs 9M 20
Slide 8: 9M 2025 Financial Results - BVB Group
9M 2025 Financial Results - BVB Group BVB Group Net profit by segment YTD (RON mn) Main financial indicators, YTD evolution 10.00 8.03 (RON mn) 7.15 7.72 5.54 5.00 2.84 60.33 57.34 1.91 56.73 47.87 0.00 Trading segment Post-trading Registry segment -0.20 CCP.RO segment -5.00 9.47 10.42 3.59 3.81 6.2
Slide 9: Consolidated operating revenues - BVB Group
Consolidated operating revenues - BVB Group Distribution of operating revenues and operating profit, by segment, 9M 2025 (RON mn) • Trading segment share in Group’s operating revenues decreased from 52% in 35.00 30.24 2024 to 50% in 9M 2025, out of which trading revenues represent 68%; 30.00 25.00 2
Slide 10: Operating expenses breakdown – BVB standalone
Operating expenses breakdown – BVB standalone BVB standalone Breakdown of operating expenses, (RON mn) Third party services, 9M 2025 (%) Audit services; 12.14 18% 11.15 7.53 6.60 Other third party services; 36% Commissions & fees; 13% 2.70 2.74 Third party Promotion 9M 2025 9M 2024 services related;
Slide 11: Operating expenses breakdown – BVB Group
Operating expenses breakdown – BVB Group Group Breakdown of operating expenses, (RON mn) Consolidated third party services, 9M 2025 27.98 (%) Audit services Swift services and 25.23 transactions 9% Commissions & fees commisioning 6% 18% Promotion activities 3% 11.32 BD services 5% 17.43 7.13 15.51 C
Slide 12: Overview of the financial position as of September 30, 2025
Overview of the financial position as of September 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 101.64 million, down 6% or RON 6.06 million, compared to the end of 2024 mainly det
Slide 13: Overview on BVB share
Overview on BVB share Dividend yield evolution 5 years evolution BVB share 3.50 9% 8% 70.00 0.60 3.00 7% 60.00 0.50 2.50 6% 50.00 0.40 2.00 4.3% 5% 2.5% 40.00 3.3% 3.5% 4% 0.30 1.50 30.00 2.7% 3% 0.20 1.00 20.00 1.56 2% 1.07 1.29 0.10 0.50 0.81 0.96 1% 10.00 0.0% 0.00 0% - - 2019 2020 2021 2022 2023
Slide 14: Thank you
IR Contact: ir@bvb.ro T: +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 is intended to cons
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