Euronext Nv Unsp/Adr (ERNXY) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to the Euronext Fall Year 2025 Results Conference Call. On today's call, we have Stefan Bujna, CEO and Chairman of the Managing Board, and Giorgio Modica, CFO. Please note this conference is being recorded, and for the duration of the call, your lines will be on listen only. However, you will have the opportunity to ask questions at the end of the call. This can be done by pressing pound key 5 on your telephone keypad to enter the queue. I will now hand you over to your host, Stephan Boujna, to begin today's conference. Please go ahead, sir. Good morning, everybody, and thank you for joining us for the Euronext fourth quarter and full year 2025 results call. I am Stephan Boujna, CEO and Chairman of the Managing Board of Euronext, and I will start with the highlights of this record here, and I will provide you with an update and all progress with the Innovate for Growth 2027 strategic plan. then Giorgio Monica, the Euronext CFO, will cover the main business and financial highlights of the fourth quarter. I'm now on slide four, and I will start with the overview of the full year 2025 highlights. I'm extremely pleased to share that Euronext delivered double-digit growth in revenue, double-digit growth in EBITDA, and double-digit growth in earnings per share. First, in 25, Euronext delivered another year of double-digit growth in underlying revenue and income that grew by 12.1% to more than 1.8 billion. Or adjusted beta margin increased by 0.8 points compared to 24 to 62.7%. It is worth noting that Q4 2025 was also the seventh consecutive quarter of double-digit top-line growth. This remarkable performance proves the resilience of the diversified business mix that we have built over the past few years. Non-volume-related revenue made up 59% of total rev...