Bnp Paribas Ord (BNPQF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, ladies and gentlemen, and welcome to the presentation of the BNP Paribas fourth quarter and full year 2025 results with Jean-Laurent Bonafé, Group Chief Executive Officer, and Lars Maschenil, Group Chief Financial Officer. For your information, this conference call has been recorded. Supporting slides are available on BNP Paribas IR website, invest.bnpparibas.com. During today's presentation, you will be able to ask your questions by pressing star N1 on your telephone keypad. If you would like to ask a question, please make sure to be in a quiet area to maximize audio quality. I would like now to hand the call over to Jean-Laurent Bonafé, Group Chief Executive Officer. Please go ahead, sir. Good afternoon, ladies and gentlemen. Good afternoon. We are pleased to present today our strong fourth quarter results, and we'll provide some elements on our 28 trajectory, which we are revising upwards given the strong revenue momentum at the launch of a transformation plan of our support functions. We'll start with our results on slide four. So our fourth quarter results confirmed a sharp acceleration we had expected. Revenues posted a strong 8% growth. Joe's effect was high at 2.8 points and even reaches 3.9 points when excluding AXA-IM. Cost of freeze stayed low at 34 bps, well within our trajectory of below 40 bps. And this led to a very strong 28% increase in net profit, approaching 3 billion euros, which is a record for our fourth quarter. Our CT1 reached 12.6%, up 10 bps this quarter, and we remain committed to delivering on our target of 13%. For 2025, we will have paid a total dividend per share of €5.16, including the final dividend of €2.57 to be paid in May. If we focus on our revenues, they are up 8%. with well-balanced growth between the businesses...