Record 4Q and FY25, beating on all operating lines, net profit and capital whilst absorbing €1.4 bn extraordinary charges (in the trading and integration cost lines) to strengthen and further protect the future medium-term trajectory. “UniCredit Unlocked”" execution delivered 20 consecutive quarters of quality profitable capital generative growth reflecting five years of disciplined execution. Transition from “Unlocked” to “Unlimited” cemented with FY26-28 ambition building into 2030 ultimate aim: “Entering 2026 with strong momentum and sizable buffers, aiming to deliver a superior investment proposition accelerating towards a decade of outperformance”.
Best-in-class FY25 net profit growth, profitability and distributions: net profit reached €10.6 bn up 14%, RoTE 19.2% up 1.5 p.p., total distributions €9.5 bn up 6%, of which €4.75 bn2 in cash dividend. Boosted per share growth versus prior year: FY25 EPS at €6.89 up 20%, DPS at €3.153 up 31%, and tangible book value per share at €39.54 up 19%. FY25 revenue at €24.5 bn and net revenue at €23.9 bn, both flat versus prior year despite lower interest rates impact, demonstrating resilient high-quality NII net of LLPs and strong fees & net insurance result: equity investment performance affected by frontloading of hedging costs.