Alpha Services and Holdings S.A. (ALBKY) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, thank you for standing by. I am Yoda Yokoro's call operator. Welcome and thank you for joining the Alfa Bank conference call to present and discuss the full year 2025 financial results. All participants will be in a listen-only mode and the conference is being recorded. The presentation will be followed by a question and answer session. Should anyone need assistance during the conference call, you may signal an operator by pressing star and zero on your telephone. At this time, I would like to turn the conference over to Alfa Bank Management. Gentlemen, you may now proceed. Hello, everyone. This is Iasson Kepap-Tsoglu, Alfa Bank's head of IR. Welcome to the presentation of our full year results. Vassilios Psaltis, our CEO, will lead the call as ever with a short summary. And then it's over to Vassilis Kosmas, our CFO for the numbers. Q&A will come at the end of the call, and we should wrap up within the hour. Vassili, over to you. Good morning, everyone, and thank you for joining our call. Let's start with an overview of 2025 on slide four, please. For 2025, we recorded 943 million euro profits. This is up 44% versus last year. On a normalized basis, profits stood at 907 million, up 5% year on year. Of the 81 coupon payments, earnings came up 36 cents per share, and this is up 3%. we are proud of the growth we have been able to deliver. On the one hand, we have defended against the fall of interest rates due to our prudent positioning of the balance sheet. On top, we have leveled up our feed generation capacity, enhancing our product factories. But at the same time, we have kept costs well contained as we continue to optimize the way we work, and we have managed to instigate a lower recurring cost of risk through management actions and the overl...