Unicredito Spa Ord New (UNCFF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen. Before I hand over to Ms. Magda Palczynska, Head of Investor Relations, a reminder that today's call is being recorded. Ma'am, you may begin. Good morning, and welcome to Unicredit's fourth quarter and full year 2025 results conference call. Andrea Orchel, our CEO, will take you through the presentation. This will be followed by a Q&A session with Andrea and Stefano Porro, our CFO. Please limit yourself to two questions. Andrea, please go ahead. Good morning and thank you for joining us. I'm proud to present our record fourth quarter result, crowning our best year ever and concluding five years of Unicredit Unlocked. Unicredit Unlocked was a transformation beyond what anyone thought possible. It released Unicredit's potential, taking us from laggard to leader among legacy banks, and set a new benchmark for banking. It allowed us to lead the way in all metrics, including profitable growth and distribution. It exceeded all the KPIs we set for ourselves and built an incredible momentum that sets us apart today. Some teams might see this achievement as a reason to pause and reflect, but not this team. This team is taking this momentum and using it to dramatically increase our aspirations, expand our vision, and supercharge the next phase of our profitable growth. While others are now following the path we carved with Unicredit Unlocked, we are determined to leap ahead. Today, we transition from Unicredit Unlocked to Unicredit Unlimited. If Unicredit Unlocked freed up our bank's potential, Unicredit Unlimited is about transcending the boundaries of legacy banks to continue to lead in the new competitive environment that includes fintechs and hyperscalers. Our people remain the linchpin across the two phases. They are dynamic, driven by ...