OVB (O4B) Q4 2025 earnings summary

Executive summary

• Sales revenue reached a record high in 2025, growing 8.2% year-over-year to €437.2 million despite challenging conditions.

• Number of clients rose 4.1% to 4.90 million and financial advisors increased 4.2% to 6,539, both all-time highs.

• Earnings performance was impacted by a temporary one-off item, leading to a significant decline in EBIT and net income.

Financial highlights

• Brokerage income increased 8.2% to €437.2 million compared to 2024.

• Operating income (EBIT) dropped 47.9% to €10.6 million due to a temporary one-off effect.

• Consolidated net income attributable to shareholders fell 55.4% to €8.6 million; EPS decreased to €0.60.

• Gross profit rose 9.4% to €141.2 million; other operating income increased 43.1% to €17.0 million.

Outlook and guidance

• Forecast for 2026: consolidated brokerage income expected between €430 million and €470 million.

• Operating profit projected in the range of €10 million to €15 million for 2026.

• Growth anticipated, but guidance reflects ongoing macroeconomic uncertainty.