Strong Q3 2025 financial results & c. EUR 700m distribution to shareholders
Strong Q3 2025 financial results & c. EUR 700m distribution to shareholders
- NET INCOME GROUP SHARE OF EUR 273 MILLION, UP 85.9% VS Q3 2024
- SHARE BUYBACK OF EUR 360 MILLION
- EXCEPTIONAL CASH DIVIDEND OF EUR 0.42 PER SHARE TO BE PAID ON 18 DECEMBER 2025
Q3 2025 RESULTS [1]
Leasing and Services margins at EUR 776 million, up 20.1% vs. Q3 2024 Underlying margins[2] at 593 bps of average earning assets vs. 521 bps in Q3 2024
Used car sales (UCS) result and Depreciation adjustments at EUR 75 million down 3.1% vs. Q3 2024
Synergies[3]at EUR 104 million, up from EUR 32 million in Q3 2024. 9M 2025 synergies at EUR 251 million
Cost to income ratio3 at 52.8%, down 10.6 points vs. 63.4% in Q3 2024
Return on Tangible Equity (ROTE) at 14.3% vs. 7.2% in Q3 2024 Earnings per share[4] at EUR 0.30
Earning assets[5]at EUR 52.6 billion, -1.0% vs. September 2024 CET1 ratio at 12.8% as at end September 2025, after distribution provision[6]
[1] The Group's results as at 30 September 2025 were examined by the Board of Directors, chaired by Pierre Palmieri on 29 October 2025 [2] Excluding UCS result and non-recurring items [3] Management information [4] Diluted Earnings per share, calculated according to IAS 33. Basic EPS for Q3 2025 at EUR 0.31 [5] Net carrying amount of the rental fleet plus net receivables from finance leases [6] The distribution provision assumes a payout ratio of 50% of net income group share after deduction of interest on AT1 capital, share buyback of EUR 360 million and tax related impacts and an exceptional dividend of EUR 340 million.
“The Group once again delivers a strong set of financial results, and I am pleased to announce a EUR 700 million exceptional distribution, reaffirming our continued commitment to creating value for our shareholders.
The execution of our PowerUP 26 strategic and financial roadmap continues to progress fully in line with our ambitions, with profitability and cost efficiency improving steadily as we capture the benefits of increasing synergies. The restructuring of our footprint in the targeted segments is now well advanced, while our used car lease capabilities are ramping up and fleet volumes are progressively stabilizing — clear evidence that our strategic choices and commercial initiatives will be delivering sustainable and profitable growth.
I am immensely proud of what our teams have achieved over the past years. Their determination, professionalism, and shared ambition have enabled us to successfully bring together two great companies and establish Ayvens as a truly global leader in sustainable mobility. Together, we have built a Group with a unique scale, capabilities, and momentum — one that is exceptionally well positioned for the future. I would also like to thank our clients and partners for their unwavering trust and support throughout this journey.
As announced last quarter, I will be retiring and handing over the leadership of the Group to Philippe de Rovira on 1 December 2025. I am proud to leave Ayvens on a solid and dynamic platform, ready to shape the mobility of tomorrow. I have every confidence that, supported by a very strong executive management team, Philippe will build on our successes and lead Ayvens towards new heights and even greater achievements.”
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