Net profit at €647.0 million (-0.8% y/y)
Total revenues: €1,316.5 million (flat y/y)
Cost/income ratio: 27.1%
Solid Capital and Liquidity: CET1 at 23.3%, LR at 5.07%, LCR1 at 958%
Proposed dividend: €0.79 per share (+7% y/y)
Milan, February 6th, 2026
The Board of Directors of FinecoBank S.p.A. has approved the results as of December 31st, 2025. Alessandro Foti, CEO and General Manager of FinecoBank, stated:
"The strong growth of Fineco confirms its ability to attract a record number of new clients thanks to a business model built on efficiency, transparency, and convenience. The acceleration in net inflows was driven by savers' greater attitude to invest, also supported by a Network of Personal Financial Advisors, able to make the most of the new potentials offered by artificial intelligence applications. The request for efficient solutions supports the further development of advanced advisory service, able to integrate all asset classes into portfolios, while at the same time supporting the revenues of the brokerage platform. In addition, we see the important contribution of Fineco Asset Management, with a wide offer of efficient and innovative solutions such as active and passive funds and ETFs, which can direct savers towards a stronger equity culture, catching the opportunities offered by long-term planning. Fineco confirms to be perfectly positioned to continue on its growth path in 2026, and to be a benchmark for all customers' financial needs".
1 Average 12 months
FINECOBANK | |
2025 HIGHLIGHTS |
|
UPDATE ON INITIATIVES |
|
2 Mainly related to: A.I. (€-2.3 mln y/y); FAM (€-2.1 mln y/y).
TOTAL FINANCIAL ASSETS AND NET SALES
Total Financial Asset as of December 31st, 2025, amounted to €160.6 billion up (+14.1% y/y) compared to December 2024. Assets under Management was €74.0 billion, increasing by 11.5% y/y, assets under custody amounted to €54.9 billion (+22.7% y/y), while the stock of direct deposits amounted to €31.7 billion (+6.8% y/y).
In particular, the TFA related to Private customers (with assets above €500,000), totalled €81.4 billion (+19.0% y/y).
In 2025, total net sales amounted to €13.4 billion, up by 33.3% y/y and confirmed the acceleration of the Bank's growth dynamics. Asset under management net sales stood at €5.5 billion (+33.3% y/y), Assets under custody amounted to €6.0 billion (+25% y/y) and deposits were equalled to €2.0 billion (+65.9% y/y).
As of December 31st, 2025, the Network was composed of 3,076 Personal Financial Advisors operating through 445 Fineco Center. Inflows in 2025 through the PFA network were equal to €10.0 billion (+27.2% y/y).
As of December 31st, 2025, Fineco Asset Management managed €41.4 billion of assets, of which €29.1 billion were retail class (+16.1% y/y) and around €12.3 billion institutional class (+5.0% y/y).
A total of 193,804 new customers were acquired in 2025 (+27.2% y/y), reaching a new record-high for the third year in a row. The total number of customers as of December 31st, 2025 was 1,800,047 (+8.7% y/y).
MAIN INCOME STATEMENT RESULTS AT 31.12.25
mln | 1Q24 | 2Q24 | 3Q24 | 4Q24 | 1Q25 | 2Q25 | 3Q25 | 4Q25 | FY24 | FY25 | FY25/ | 4Q25/ | 4Q25/ | |||
FY24 | 4Q24 | 3Q25 | ||||||||||||||
Net Financial Income | 180.8 | 182.5 | 177.6 | 170.3 | 161.3 | 153.7 | 156.6 | 161.4 | 711.2 | 633.1 | -11.0% | -5.2% | 3.1% | |||
Net Non Financial Income | 146.1 | 148.8 | 148.4 | 162.8 | 167.7 | 162.7 | 168.2 | 186.1 | 606.1 | 684.7 | 13.0% | 14.3% | 10.7% | |||
Net other expenses/income | 0.2 | 0.0 | -0.2 | -0.7 | 0.2 | -1.3 | 0.5 | -0.7 | -0.8 | -1.3 | 67.4% | -6.3% | -243.6% | |||
Total revenues | 327.0 | 331.3 | 325.8 | 332.4 | 329.3 | 315.1 | 325.3 | 346.9 | 1,316.5 | 1,316.5 | 0.0% | 4.3% | 6.6% | |||
Staff expenses | -33.4 | -33.6 | -35.1 | -35.7 | -36.4 | -37.4 | -37.7 | -39.0 | -137.8 | -150.5 | 9.2% | 9.2% | 3.6% | |||
Other administrative expenses net of recoveries | -39.5 | -41.2 | -37.3 | -50.4 | -44.4 | -41.5 | -42.1 | -50.1 | -168.4 | -178.0 | 5.7% | -0.5% | 19.1% | |||
Impairment/write-backs on intangible and tangible assets | -6.4 | -6.2 | -6.4 | -6.7 | -6.5 | -7.0 | -7.0 | -7.2 | -25.8 | -27.7 | 7.6% | 6.8% | 2.3% | |||
Operating costs | -79.3 | -81.1 | -78.8 | -92.9 | -87.2 | -85.9 | -86.8 | -96.3 | -332.0 | -356.3 | 7.3% | 3.7% | 11.0% | |||
Operating profit (loss) | 247.7 | 250.2 | 247.0 | 239.5 | 242.0 | 229.2 | 238.5 | 250.5 | 984.5 | 960.2 | -2.5% | 4.6% | 5.1% | |||
Other charges and provisions | -38.1 | 0.5 | -3.5 | -3.7 | -3.8 | -3.9 | -3.4 | -8.2 | -44.9 | -19.4 | -56.9% | 122.9% | 139.6% | |||
Net impairment losses / writebacks on loans and provisions for guarantees and commitments | -0.3 | -1.4 | -1.0 | 0.6 | -0.9 | -1.7 | -1.2 | -0.9 | -2.1 | -4.7 | 124.7% | -261.6% | -19.2% | |||
Net income from investments | 0.4 | 0.6 | 0.8 | 0.0 | -1.0 | -0.1 | 0.2 | 0.1 | 1.8 | -0.7 | - 138.7% | n.a. | -58.2% | |||
Profit before taxes | 209.7 | 249.9 | 243.3 | 236.4 | 236.4 | 223.5 | 234.1 | 241.5 | 939.3 | 935.5 | -0.4% | 2.1% | 3.1% | |||
Income taxes | -62.7 | -76.5 | -73.6 | -74.1 | -72.2 | -69.9 | -71.4 | -75.0 | -287.0 | -288.5 | 0.5% | 1.1% | 4.9% | |||
NET PROFIT FOR THE PERIOD | 147.0 | 173.3 | 169.7 | 162.3 | 164.2 | 153.6 | 162.7 | 166.5 | 652.3 | 647.0 | -0.8% | 2.6% | 2.4% |
Revenues totalled €1,316.5 million in 2025, flat compared to 2024.
Net Financial Income stood at €633.1 million, decreasing by 11.0% y/y due to the reduction in market interest rates.
Net Non Financial Income in 2025 amounted to €684.7 million, increasing by 13.0% compared to €606.1 million in 2024. This increase is mainly due to the higher net commissions related to the Investing area (€405.3 million, +9.7% y/y) thanks to the volume effect and the higher contribution of Fineco Asset Management. Brokerage (€239.9 million, +22.7% y/y), while Banking fees stood at €50.0 million (+3.7% y/y).
Operating costs in 2025 confirmed well under control at €356.3 million, up 7.3% y/y mainly due for expenses strictly connected to the growth of the business3, net of which the increase in operating costs stands at around 6% y/y.
Staff expenses totalled €150.5 million, increasing by €9.2% The cost/income ratio was 27.1%.
Gross operating profit amounted to €960.2 million as of December 31st, 2025.
Other charges and provisions totaled €19.4 million.
Net impairment losses / writebacks on loans and provisions for guarantees and commitments amounted
to €-4.7 million. The cost of risk is equal to 8 basis points.
Net Profit on Investments amounted to €-0.7 million.
Profit before taxes stood at €935.5 million.
Net profit for the period was equal to €647.0 million, flat year on year.
MAIN INCOME STATEMENT RESULTS FOR THE FOURTH QUARTER OF 2025
Revenues in the fourth quarter totalled €346.9 million, up both compared to the previous quarter (+6.6%) and to the same period of 2024 (+4.3%).
Net Financial Income stood at €161.4 million, increasing compared to the previous quarter by 3.1% largely driven by a positive volume effect. The figure decreased by 5.2% compared to the same quarter of 2024 due to the lower interest rates environment.
Net Non Financial Income in the fourth quarter amounted €186.1 million, up by 10.7% to the third quarter of 2025 mainly thanks to Brokerage (+18.1%) and Investing (+4.4%). Net Non Financial Income is up by 14.3% compared to the fourth quarter 2024, mainly thanks to the increase in the Investing (+8.6% y/y) and Brokerage (+25.1% y/y).
Total operating costs in the fourth quarter of 2025 were equal to €-96.3 million, up by 11.0% q/q and up by 3.7% y/y mainly due to the above-mentioned expenses strictly connected to the growth of the business.
Gross operating profit was equal to €250.5 million, +5.1% q/q and +4.6% y/y.
Other charges and provisions in the fourth quarter 2025 amounted to €-8.2 million.
Net impairment losses / writebacks on loans and provisions for guarantees and commitments amounted
to €-0.9 million.
Profit before taxes in the quarter was equal to €241.5 million, compared to €234.1 million of the previous quarter and to €236.4 million of the same period of 2024.
Net profit in the quarter was equal to €166.5 million, compared to €162.7 million of the previous quarter and to €162.3 million of the same period of 2024.
SHAREHOLDERS' EQUITY AND CAPITAL RATIOS
Consolidated Shareholders' equity stood at €2,553.3 million, increasing by €164.0 million compared to December 31st, 2024. In 2025 Shareholders' equity increased mainly thanks to the net profit achieved in the year (€647.0 million), partially offset by the following items: the payment of dividends relating to the year 2023 (€452.6 million); the Additional Tier 1 coupon paid in the period net of the fiscal effect (€27.2 million); a negative reserve of €8.4 million as a result of the voluntary extraordinary contribution introduced by the 2026 Budget Law, equal to 27.5% of the non-distributable reserve pursuant to Article 26 of Decree-Law No. 104 of August 10th, 2023.
The Group confirms its solid capital position with a CET1 ratio of 23.30% as of December 31st, 2025, compared to 23.93% as of September 30th, 2025 and to 25.91% as of December 31st, 2024.
The Tier 1 ratio and the Total Capital Ratio were equal to 31.37% as of December 31st, 2025 compared to 32.53% as of September 30th, 2025 and to 35.78% as of December 31st, 2024.
Leverage ratio stood at 5.07% as of December 31st, 2025 compared to 5.11% in September 30th, 2025 and to 5.22% as of December 31st, 2024.
The Group's liquidity indicators are very solid, placing Fineco at the highest level among European banks: LCR stood at 958%1as of December 31st, 2025 significantly above the 100% regulatory limit, and NSFR equal to 418% as of December 31st, 2025 also well above the 100% regulatory limit.
DIVIDEND
The Board of Directors approved the proposal of a dividend distribution equal to €0.79 per share. The
proposal will be submitted to the Shareholders' Meeting that will be convened on April 29th, 2026.
Any dividend authorized by the Shareholders' Meeting will be paid on May 20th, 2026 with coupon date of May 18th, 2026, in accordance with the applicable laws and regulations. In accordance with Article 83-terdecies of the Legislative Decree no. 58/1998 ("Consolidated Law on Finance", also "TUF"), those with accredited shareholder status as per the accounting records on May 19th, 2026 will be entitled to receive the dividend.
LOANS TO CUSTOMERS
Loans to customers stood at €6,378.4 million as of December 31st, 2025, increasing by 2.6% compared to September 30th, 2025 and by 2.3% compared to December 31st, 2024.
The amount of non-performing loans (loans with insolvent borrowers, unlikely to pay and non-performing loans/past due) net of impairment totaled €4.2 million (€4.5 million as of September 30th, 2025 and €4.1 million as of December 31st, 2024), with an 84.9% coverage ratio. The ratio between the amount of non-performing loans and total loans to ordinary customers equaled to 0.08%.
SIGNIFICANT EVENTS IN THE FOURTH QUARTER OF 2025 AND SUBSEQUENT EVENTS
With reference to the main events that took place in the fourth quarter of 2025 and after December 31st, 2025, please refer to the press releases published on the FinecoBank website.
2026 FINANCIAL CALENDAR UPDATE
With reference to the 2026 financial calendar, published on December 11th, 2025, the Board of Directors of FinecoBank will approve on March 3rd, 2026 the Multi Year Plan 2026/2029, on top of the Parent Company's draft Financial Statements and Consolidated Financial Statements as of December 31st, 2025.
NEW INITIATIVES MONITORING
Fineco Asset Management continues to develop its product range, strengthening its ETF offering with a particular focus on in-house developed active ETFs, which allow for full internalization of profitability without sharing with third parties. In addition, Fineco stands out as the only operator to build portfolio solutions based on ETFs (wrappers).
Fineco has made the first two artificial intelligence applications available to its network of financial advisors, continuing its strategy of equipping its professionals with the most advanced tools to continuously enhance the quality of service provided to clients.
The main innovation concerns the launch of the Portfolio Builder, which enables advisors to consult a tool trained on the financial frameworks defined by Fineco to build customized portfolios tailored to individual client needs or to analyze the characteristics of existing portfolios. The tool also allows comparisons between two or more solutions, product fact sheet searches, and daily summaries of the main financial news of the day. Fineco has also introduced a Search Tool designed to allow advisors to quickly access internal memos and communications, thereby improving operational efficiency.
SUSTAINABILITY
Fineco remains committed to its sustainability journey, also through the implementation of activities and projects aimed at achieving the goals and targets outlined in the ESG Multi-Year Plan 2024-2026.
The ESG offer and the Bank's portfolio are the following (data at end September 2025):
81% of funds (no. of ISIN) available on the platform are classified as article 8 and 9 SFDR.
€0.2bn of mortgages are classified as green for the purchase of properties.
€2.6bn of bonds in the Bank's portfolio are green social and sustainable.
99.6% of bonds in the Bank's portfolio are from issuers with Net-Zero emissions targets.
€0.4bn of collateral switch ESG have been exceeded.
Fineco has the following scores from the major ESG rating agencies:
S&P Global ESG Score: 68/100
CDP Climate Change: rating "B" (confirmed in January 2026).
Sustainalytics: risk rating ESG of 11.4 (Low risk), confirming the stance among the best banks at international level.
MSCI ESG rating: "AA" (leader) among the diversified financials.
Standard Ethics: rating "EEE-" and Stable Outlook (confirmed in December 2025)
Fineco is also included in the following sustainability indices: Borsa Italiana MIB ESG Index (Euronext), FTSE4Good, S&P Global 1200 ESG Index and S&P Global Large Mid Cap ESG Index, Standard Ethics Italian Banks Index and Standard Ethics Italian Index.
GUIDANCE FOR 2026
All the business areas to contribute to the revenues' growth thanks to the acceleration of structural growth
underneath our business. The Bank expects:
A further acceleration in total net sales
A further acceleration in new clients' acquisition
Another record year for brokerage revenues
Cost/income comfortably below 30%
More details will be provided during the CMD on March 4th, 2026, together with the MYP 2026/2029.
The reclassified consolidated balance sheet and the reclassified income statement approved by the Board of Directors are here attached. The draft financial statements and consolidated financial statements as of 31 December 2025 will be submitted for approval to the Board of Directors scheduled for March 3rd, 2026.
CONDENSED BALANCE SHEET
(Amounts in € thousand) | ||||
Amounts as at | Changes | |||
ASSETS | December 31, 2025 | December 31, 2024 | Amounts | % |
Cash and cash balances | 1,874,597 | 1,962,876 | (88,279) | -4.5% |
Financial assets held for trading | 55,001 | 28,539 | 26,462 | 92.7% |
Loans to banks | 401,047 | 370,733 | 30,314 | 8.2% |
Loans to customers | 6,378,405 | 6,235,643 | 142,762 | 2.3% |
Financial investments | 26,221,878 | 23,425,447 | 2,796,431 | 11.9% |
Hedging instruments | 439,964 | 527,272 | (87,308) | -16.6% |
Property, plant and equipment | 152,035 | 146,296 | 5,739 | 3.9% |
Goodwill | 89,602 | 89,602 | - | n.a. |
Other intangible assets | 34,014 | 35,242 | (1,228) | -3.5% |
Tax assets | 60,179 | 53,250 | 6,929 | 13.0% |
Tax credits acquired | 817,656 | 1,259,059 | (441,403) | -35.1% |
Other assets | 771,523 | 554,858 | 216,665 | 39.0% |
Total assets | 37,295,901 | 34,688,817 | 2,607,084 | 7.5% |
(Amounts in € thousand) | ||||
Amounts as at | Changes | |||
LIABILITIES AND SHAREHOLDERS' EQUITY | December 31, 2025 | December 31, 2024 | Amounts | % |
Due to banks | 849,969 | 850,600 | (631) | -0.1% |
Due to customers | 32,453,115 | 29,988,914 | 2,464,201 | 8.2% |
Debt securities in issue | 811,163 | 810,228 | 935 | 0.1% |
Financial liabilities held for trading | 23,510 | 8,130 | 15,380 | 189.2% |
Hedging instruments | 24,140 | 45,321 | (21,181) | -46.7% |
Tax liabilities | 24,538 | 19,519 | 5,019 | 25.7% |
Other liabilities | 556,142 | 576,793 | (20,651) | -3.6% |
Shareholders' equity | 2,553,324 | 2,389,312 | 164,012 | 6.9% |
- capital and reserves | 1,925,196 | 1,756,076 | 169,120 | 9.6% |
- revaluation reserves | (18,913) | (19,049) | 136 | -0.7% |
- net profit | 647,041 | 652,285 | (5,244) | -0.8% |
Total liabilities and Shareholders' equity | 37,295,901 | 34,688,817 | 2,607,084 | 7.5% |
CONDENSED BALANCE SHEET - QUARTERLY FIGURES
(Amounts in € thousand) | |||||
December 31, 2024 | March 31, 2025 | June 30, 2025 | September 30, 2025 | December 31, 2025 | |
ASSETS | |||||
Cash and cash balances | 1,962,876 | 1,779,492 | 1,603,940 | 2,128,216 | 1,874,597 |
Financial assets held for trading | 28,539 | 39,245 | 46,224 | 52,717 | 55,001 |
Loans to banks | 370,733 | 408,331 | 419,121 | 402,681 | 401,047 |
Loans to customers | 6,235,643 | 6,132,162 | 6,169,028 | 6,219,539 | 6,378,405 |
Financial investments | 23,425,447 | 23,694,771 | 25,091,833 | 25,629,653 | 26,221,878 |
Hedging instruments | 527,272 | 509,769 | 453,127 | 442,486 | 439,964 |
Property, plant and equipment | 146,296 | 144,753 | 144,174 | 143,104 | 152,035 |
Goodwill | 89,602 | 89,602 | 89,602 | 89,602 | 89,602 |
Other intangible assets | 35,242 | 35,056 | 34,579 | 34,177 | 34,014 |
Tax assets | 53,250 | 32,406 | 30,275 | 30,862 | 60,179 |
Tax credits acquired | 1,259,059 | 1,170,502 | 847,707 | 810,853 | 817,656 |
Other assets | 554,858 | 384,571 | 429,567 | 390,786 | 771,523 |
Total assets | 34,688,817 | 34,420,660 | 35,359,177 | 36,374,676 | 37,295,901 |
(Amounts in € thousand) | |||||
December 31, 2024 | March 31, 2025 | June 30, 2025 | September 30, 2025 | December 31, 2025 | |
LIABILITIES AND SHAREHOLDERS' EQUITY | |||||
Due to banks | 850,600 | 892,762 | 859,635 | 850,595 | 849,969 |
Due to customers | 29,988,914 | 29,530,837 | 30,680,880 | 31,608,539 | 32,453,115 |
Debt securities in issue | 810,228 | 800,619 | 804,934 | 809,298 | 811,163 |
Financial liabilities held for trading | 8,130 | 19,656 | 26,464 | 27,867 | 23,510 |
Hedging instruments | 45,321 | 30,225 | 43,642 | 29,721 | 24,140 |
Tax liabilities | 19,519 | 65,562 | 11,148 | 75,044 | 24,538 |
Other liabilities | 576,793 | 538,222 | 688,185 | 579,337 | 556,142 |
Shareholders' equity | 2,389,312 | 2,542,777 | 2,244,289 | 2,394,275 | 2,553,324 |
- capital and reserves | 1,756,076 | 2,395,302 | 1,944,441 | 1,932,502 | 1,925,196 |
- revaluation reserves | (19,049) | (16,716) | (17,988) | (18,752) | (18,913) |
- net profit | 652,285 | 164,191 | 317,836 | 480,525 | 647,041 |
Total liabilities and Shareholders' equity | 34,688,817 | 34,420,660 | 35,359,177 | 36,374,676 | 37,295,901 |
CONDENSED INCOME STATEMENT
(Amounts in € thousand) | ||||
FY 25 | FY 24 | Changes | ||
Amounts | % | |||
Net Financial Income | 633,092 | 711,162 | (78,070) | -11.0% |
Net Non Financial Income | 684,702 | 606,086 | 78,616 | 13.0% |
Net other expenses/income | (1,294) | (773) | (521) | 67.4% |
REVENUES | 1,316,500 | 1,316,475 | 25 | 0.0% |
Staff expenses | (150,501) | (137,847) | (12,654) | 9.2% |
Other administrative expenses | (410,874) | (370,018) | (40,856) | 11.0% |
Recovery of expenses | 232,846 | 201,658 | 31,188 | 15.5% |
Impairment/write-backs on intangible and tangible assets | (27,743) | (25,791) | (1,952) | 7.6% |
Operating costs | (356,272) | (331,998) | (24,274) | 7.3% |
OPERATING PROFIT (LOSS) | 960,228 | 984,477 | (24,249) | -2.5% |
Net impairment on loans and provisions for guarantees and commitments | (4,692) | (2,088) | (2,604) | 124.7% |
NET OPERATING PROFIT (LOSS) | 955,536 | 982,389 | (26,853) | -2.7% |
Other charges and provisions | (19,352) | (44,873) | 25,521 | -56.9% |
Net income from investments | (684) | 1,768 | (2,452) | n.a. |
PROFIT (LOSS) BEFORE TAXES FROM CONTINUING OPERATIONS | 935,500 | 939,284 | (3,784) | -0.4% |
Income taxes for the year | (288,459) | (286,999) | (1,460) | 0.5% |
NET PROFIT (LOSS) AFTER TAXES FROM CONTINUING OPERATIONS | 647,041 | 652,285 | (5,244) | -0.8% |
NET PROFIT (LOSS) FOR THE YEAR | 647,041 | 652,285 | (5,244) | -0.8% |
NET PROFIT (LOSS) FOR THE YEAR ATTRIBUTABLE TO THE GROUP | 647,041 | 652,285 | (5,244) | -0.8% |
CONDENSED INCOME STATEMENT - QUARTERLY FIGURES
1st Quarter | 2nd Quarter | 3rd Quarter | 4th Quarter | 1st Quarter | 2nd Quarter | 3rd Quarter | 4th Quarter | |
2024 | 2024 | 2024 | 2024 | 2025 | 2025 | 2025 | 2025 | |
Net Financial Income | 180,762 | 182,495 | 177,574 | 170,331 | 161,321 | 153,720 | 156,622 | 161,429 |
Net Non Financial Income | 146,064 | 148,834 | 148,355 | 162,833 | 167,724 | 162,668 | 168,173 | 186,137 |
Net other expenses/income | 177 | (29) | (176) | (745) | 231 | (1,313) | 486 | (698) |
REVENUES | 327,003 | 331,300 | 325,753 | 332,419 | 329,276 | 315,075 | 325,281 | 346,868 |
Staff expenses | (33,389) | (33,634) | (35,083) | (35,741) | (36,374) | (37,409) | (37,690) | (39,028) |
Other administrative expenses | (87,314) | (90,900) | (89,794) | (102,010) | (98,480) | (98,424) | (102,574) | (111,396) |
Recovery of expenses | 47,818 | 49,692 | 52,529 | 51,619 | 54,109 | 56,958 | 60,499 | 61,280 |
Impairment/write-backs on intangible and tangible assets | (6,403) | (6,214) | (6,437) | (6,737) | (6,505) | (7,001) | (7,039) | (7,198) |
Operating costs | (79,288) | (81,056) | (78,785) | (92,869) | (87,250) | (85,876) | (86,804) | (96,342) |
OPERATING PROFIT (LOSS) | 247,715 | 250,244 | 246,968 | 239,550 | 242,026 | 229,199 | 238,477 | 250,526 |
Net impairment on loans and provisions for guarantees and commitments | (260) | (1,429) | (985) | 586 | (874) | (1,699) | (1,172) | (947) |
NET OPERATING PROFIT (LOSS) | 247,455 | 248,815 | 245,983 | 240,136 | 241,152 | 227,500 | 237,305 | 249,579 |
Other charges and provisions | (38,110) | 457 | (3,539) | (3,681) | (3,806) | (3,915) | (3,425) | (8,206) |
Net income from investments | 399 | 582 | 817 | (30) | (961) | (52) | 232 | 97 |
PROFIT (LOSS) BEFORE TAXES FROM CONTINUING OPERATIONS | 209,744 | 249,854 | 243,261 | 236,425 | 236,385 | 223,533 | 234,112 | 241,470 |
Income taxes for the period | (62,738) | (76,540) | (73,586) | (74,135) | (72,194) | (69,888) | (71,423) | (74,954) |
NET PROFIT (LOSS) AFTER TAXES FROM CONTINUING OPERATIONS | 147,006 | 173,314 | 169,675 | 162,290 | 164,191 | 153,645 | 162,689 | 166,516 |
NET PROFIT (LOSS) FOR THE PERIOD | 147,006 | 173,314 | 169,675 | 162,290 | 164,191 | 153,645 | 162,689 | 166,516 |
NET PROFIT (LOSS) FOR THE PERIOD ATTRIBUTABLE TO THE GROUP | 147,006 | 173,314 | 169,675 | 162,290 | 164,191 | 153,645 | 162,689 | 166,516 |
OPERATING STRUCTURE
Data as at | ||
December 31, 2025 December 31, 2024 | ||
No. Employees | 1,529 | 1,451 |
No. Financial advisors | 3,076 | 3,002 |
No. Financial centers ¹ | 445 | 438 |
1Number of Fineco Centers operational: Fineco Centers managed by the Bank and Fineco Centers managed by personal financial advisors (Fineco Centers).
FINECOBANK RATING
Long term debt | Short term debt | Outlook | |
S&P GLOBAL RATING | BBB+ | A-2 | Positive |
TOTAL NET SALES PER AREA AS OF DECEMBER 31ST, 2025 (IN THOUSANDS €)
Area | Total Net Sales FY25 | AuM Net Sales FY25 |
Lombardia | 4,098,087 | 1,543,712 |
Lazio | 1,348,939 | 455,461 |
Emilia Romagna | 1,221,760 | 496,528 |
Veneto | 1,210,584 | 510,115 |
Piemonte | 993,880 | 424,403 |
Campania | 933,421 | 428,856 |
Toscana | 867,637 | 436,437 |
Sicilia | 513,038 | 269,636 |
Liguria | 429,556 | 203,623 |
Puglia | 366,466 | 113,589 |
Others | 1,457,255 | 573,939 |
Grand Total | 13,440,623 | 5,456,298 |
DISCLAIMER
This Press Release may contain written and oral "forward-looking statements", which includes all statements that do not relate solely to historical or current facts and which are therefore inherently uncertain. All forward-looking statements rely on a number of assumptions, expectations, projections and provisional data concerning future events and are subject to a number of uncertainties and other factors, many of which are outside the control of FinecoBank
S.p.A. (the "Company"). There are a variety of factors that may cause actual results and performance to be materially different from the explicit express or implicit implied contents of any forward-looking statements and thus, therefore, such forward-looking statements are not a reliable indicator of future performance. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable law. The information and opinions contained in this Press Release are provided as at the present date and are subject to change without notice. Neither this Press Release nor any part of it nor the fact of its distribution may form the basis of, or be relied on or in connection with, any contract or investment decision.
The information, statements and opinions contained in this Press Release are for information purposes only and do not constitute a public offer under any applicable legislation or an offer to sell or solicitation of an offer to purchase or subscribe for securities or financial instruments or any advice or recommendation with respect to such securities or other financial instruments. None of the securities referred to herein have been, or will be, registered under the U.S. Securities Act of 1933, as amended, or the securities laws of any state or other jurisdiction of the United States or in Australia, Canada or Japan or in any other jurisdiction where such an offer or solicitation would be unlawful (the "Other Countries"), and there will be no public offer of any such securities in the United States or in the Other Countries. This Press Release does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States or in the Other Countries.
Declaration of the Manager in Charge of preparation of the Financial Reports
The undersigned Erick Vecchi, as Manager in charge of preparation of FinecoBank S.p.A.'s Financial Reports,
DECLARES
in compliance with the provisions of the second paragraph of Article 154-bis of the "Consolidated Finance Act", that the accounting information contained in this press release corresponds to results in the accounts, books and records.
Milan, February 5th2026
The Nominated Official in charge of drawing up company accounts
TOTAL NET SALES - JANUARY 2026
Total net sales in January were robust at € 1,072 million (+20.9% y/y), confirming both the soundness of the Fineco growth path thanks to new client's acquisition (at 22 thousand, +17.2% y/y, new monthly record high) and to the tendency of costumers to continue their investments.
The asset mix sees Asset under Management equal to € 262 million (vs 225 million in January 2025): FAM retail net sales were € 153 million. Asset under Custody amounted to € 1.08 billion and deposits to € -268 million.
The acceleration in clients' activity on the platform led estimated brokerage revenues at around € 22 million in January, up by 7% compared with January 2025.
figures in € million | |||
TOTAL NET SALES | JAN 2026 | JAN 20253 | |
Assets under management | 261.8 | 224.9 | |
Assets under custody | 1,078.0 | 1,174.3 | |
Direct deposits | -267.9 | -512.2 | |
TOTAL NET SALES | 1,071.9 | 887.0 | |
TOTAL FINANCIAL ASSETS | JAN 20253 | ||
JAN 2026 | DEC 20253 | ||
Assets under management | 74,975.8 | 74,041.4 | 67,507.1 |
Assets under custody | 56,525.9 | 54,828.5 | 46,784.4 |
Direct deposits | 31,413.9 | 31,681.8 | 29,158.2 |
TOTAL FINANCIAL ASSETS | 162,915.6 | 160,551.7 | 143,449.8 |
FAM, retail net sales at € 153 million. TFA at € 41.9 billion
In January, Fineco Asset Management recorded retail net sales equal to € 153 million. FAM assets as of January 31st, 2026 were equal to € 41.9 billion, of which € 29.4 billion retail class (+15.6% y/y) and € 12.4 billion institutional class (+2.7% y/y). The penetration rate of FAM retail classes on the Bank's Asset Under Management reached 39.2% compared to 37.7% a year ago.
Total Financial Assets at € 162.9 billion, Private Banking close to € 83 billion
Total Financial Assets were equal to € 162.9 billion, up by 13.6% y/y. In particular, TFA related to Private
Banking were at € 83.0 billion, up by 17.7% y/y.
3 2025 has been recasted to move into AUM the portion of FAM's ETF previously accounted into AUC
22,010 new clients in January, best month ever
In January, 22,010 new clients (+17.2% y/y) were acquired, recording the best month ever for the bank. Total number of clients reached 1,817,656 (+8.8%) as of January 31st, 2026.
figures in € million | |||
PFA NETWORK NET SALES | JAN 2026 | JAN 20253 | |
Assets under management | 260.5 | 221.8 | |
Assets under custody | 681.5 | 864.0 | |
Direct deposits | -157.5 | -450.9 | |
TOTAL NET SALES | 784.5 | 634.9 | |
PFA NETWORK TFA | JAN 20253 | ||
JAN 2026 | DEC 20253 | ||
Assets under management | 74,483.6 | 73,556.4 | 67,020.7 |
Assets under custody | 40,906.0 | 39,769.5 | 34,507.7 |
Direct deposits | 23,827.9 | 23,985.3 | 22,415.3 |
TOTAL FINANCIAL ASSETS | 139,217.5 | 137,311.2 | 123,943.7 |
Enquiries
Fineco - Media Relations Fineco - Investor Relations
Tel.: +39 02 2887 2256 Tel. +39 02 2887 2358
mediarelations@finecobank.com investors@finecobank.com
Barabino & Partners Tel. +39 02 72023535
Emma Ascani e.ascani@barabino.it
+39 335 390 334