Credit Agricole Sa (CRARF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, this is the conference operator. Welcome and thank you for joining the Crédit Agricole fourth quarter and full year 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 by pressing star and one on your telephone. Should anyone need assistance during the conference call, they may signal an operator by pressing star and zero on their telephone. Today's speakers will be Miss Clotilde Langevin, Deputy General Manager of Crédit Agricole, and Mr. Olivier Cavalda, Chief Executive Officer of Crédit Agricole. At this time, I would like to turn the conference over to Mr. Cavalda. Please go ahead, sir. Thank you. Good morning, everyone. It's a pleasure for me to share with you the strong results published this morning by Canada Equality that Clotilde will describe extensively in a few minutes. Before that, let me start with a brief introduction and highlight the key commercial and financial figures, as well as give you an outlook for 2026. On this slide, once again, and despite the uncertainties and erratic events in 2025, Sanitario Colese is posting high results for 2025, reaching again a level above and this performance is supported by a very dynamic commercial activity. Net income group share amounts precisely to 7.1 billion euro. It is stable level compared to 2024, despite the tax surcharge of 147 million euros recorded this year. So, in fact, excluding these tax surcharges, it is a slight increase. These very good results are driven by an increase in revenues by 3.3% thanks to a dynamic commercial activity this year that I will further illustrate in a few minutes. These very good results results also translate into strong profitability with a return on tan...