Q4 and FY 2025 strong financial results: delivering on the roadmap and confirming PowerUp 2026 targets | Taiwan News | Feb. 6, 2026 14:30

Contributing sentiments towards policy:

59% : The financial information presented for the financial year ending 31 December 2025 was approved by the Board of Directors on 5 February 2026 under the chairmanship of Pierre Palmieri and has been prepared in accordance with IFRS as adopted in the European Union and applicable at that date.
56% : (12.6) (2.2)n.a.Operating result 317.0 199.6 58.8% 1,403.3 984.2 42.6%Share of profit from equity method1.54.4-66.0%6.310.1-38.2%Profit before tax 318.4 203.9 56.2% 1,409.6 994.3 41.8%Income tax expense (85.6)
55% : Leasing contract and Services margins Leasing and Services margins reached EUR 747 million, an increase of 10.7% compared to Q4 2024, and a decrease of 3.7% compared to the high point of Q3 2025.
55% : For 2025, effective tax rate stood at 29.1% compared to 28.6% in 2024.
55% : These forward-looking statements are based on a series of assumptions, both general and specific, in particular the application of accounting principles and methods in accordance with IFRS (International Financial Reporting Standards) as adopted in the European Union.
55% : 25 77.6 281.2 260.2 231.7 297.7 265.1 307.7 345.8345.2 Services margin 26 388.4 407.4 426.7 414.8 377.5 443.3 404.4 430.4402.1Leasing and Services margins 466.1 688.6 686.9 646.5 675.2 708.4 712.1776.2747.3 Used Car Sales (UCS) result 254.7 252.0 234.0 222.3 199.6 193.4 180.9 154.9 98.9 Depreciation adjustments (161.0) (147.5) (136.3) (145.2) (162.0) (82.7) (38.4) (80.2) (16.0)UCS result and Depreciation adjustments 25 93.7 104.5 97.7 77.2 37.7 110.6 142.574.882.9Gross operating income 559.8 793.1 784.5 723.7 712.9 819.0 854.7 851.0830.2Total operating expenses (516.9) (489.6) (475.3) (459.9) (474.6) (472.8) (446.8) (429.2) (477.2)Impairment charges on receivables (24.4) (33.1) (30.5) (28.8) (36.1) (30.7) (27.2) (27.5) (27.5)Other income/(expense) (28.8) 9.0 (1.2) (7.3) (2.7) (1.0) 3.2 (6.3) (8.6)Net result from equity method 1.6 1.5 2.3 2.0 4.4 1.6 1.7 1.5 1.5Profit before tax(8.7) 280.9 279.9 229.7 203.9 316.0 385.6389.5318.4Income tax expense (0.8) (88.4) (71.4) (81.6) (42.7) (94.9) (113.7) (115.8) (85.6)Result from discontinued operations (0.2) - - - - - - - - Non-controlling interests (10.4) (11.1) (12.5) (1.4) (1.6) (1.2) (0.6) (1.1) (1.0)Net income group share(20.2)
55% : 181.3 195.9 146.7 159.7 219.9 271.3 272.7 231.9 (in '000)Q4 2023Q1 2024Q2 2024Q3 2024Q4 202427Q1 2025Q2 2025Q3 2025Q4 2025Total Contracts 3,420 3,386 3,373 3,332 3,281 3,239 3,2043,1933,175Full service leasing contracts 2,709 2,699 2,686 2,653 2,609 2,578 2,5572,5392,525Fleet management contracts 710 686 686 680 672 662 648 654 650 1 The financial information presented for the financial year ending 31 December 2025 was approved by the Board of Directors on 5 February 2026 under the chairmanship of Pierre Palmieri and has been prepared in accordance with IFRS as adopted in the European Union and applicable at that date.
53% : Net income Q4 2025 income tax expense came in at EUR 86 million up from EUR 43 million in Q4 2024, as a result of a higher profit before tax at EUR 318 million vs. EUR 204 million in Q4 2024 and a higher effective tax rate of 26.9% vs. 20.9% in Q4 2024, which was impacted by favourable one-offs.
52% : " POWERUP 2026 CORE TARGETS CONFIRMED Pre-tax annual gross synergies of EUR 440 millionCost/Income ratio excl.
51% : European Union, UK, Norway, Switzerland 11 Battery Electric Vehicles (BEV) and Plug-in Hybrids (PHEV) 12 Management information 13 Annualized impairment charges on receivables expressed as a percentage of arithmetic average of earning assets 14 Calculated according to IAS 33.
48% : In the backdrop of the usual end-of-year seasonality, the overall lower result per unit was mostly driven by a marked decline on result per unit on ICE cars, combined with an increase of the volume of BEVs sold whose result per unit was stable compared to Q3 2025.
45% : % 12.9%8.6% CRR3/CRD6 prudential capital ratios and Risk Weighted Assets in EUR million 31 December 2025 30 September 2025Group shareholders' equity 11,011 11,459AT1 capital (750) (750)Distribution provision21 & interest on AT1 capital (500) (1,092)Goodwill and intangible assets (2,737) (2,768)Deductions and regulatory adjustments 75 116Common Equity Tier 1 capital 7,099 6,964 AT1 capital 750 750Tier 1 capital 7,849 7,714 Tier 2 capital 1,500 1,500Total capital (Tier 1 + Tier 2) 9,349 9,214 Risk-Weighted Assets 53,745 54,250 Credit Risk Weighted Assets 49,889 50,314Market Risk Weighted Assets 915 885Operational Risk Weighted Assets 2,942 3,051 Common Equity Tier 1 ratio13.2%12.8%Tier 1 ratio14.6%14.2%Total Capital ratio17.4%17.0

*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization.