BAWAG Group AG (BWAGF) Q4 2025 Earnings Call February 11, 2026 4:00 AM EST
Company Participants
Anas Abuzaakouk – Chairman of the Management Board & CEO
Enver Sirucic – CFO, Deputy CEO & Member of Management Board
Conference Call Participants
Gabor Kemeny – Bernstein Autonomous LLP
Hugo Moniz Marques Da Cruz – Keefe, Bruyette, & Woods, Inc., Research Division
Jeremy Sigee – BNP Paribas, Research Division
Borja Ramirez Segura – Citigroup Inc., Research Division
Amit Ranjan – JPMorgan Chase & Co, Research Division
Presentation
Operator
Good day, and thank you for standing by. Welcome to the BAWAG Group Full Year 2025 Results Call. [Operator Instructions] Please be advised that today’s conference is being recorded. There will also be a transcript on the company’s website.
I would now like to hand the conference over to your speaker today, Anas Abuzaakouk, CEO of the company. Please go ahead.
Anas Abuzaakouk
Chairman of the Management Board & CEO
Thank you, operator. Good morning, everyone. I hope everyone is keeping well. I’m joined this morning by Enver, our CFO. So we have a lot to cover. Let’s jump right into it with a summary of full year 2025 results on Slide 3. For the full year 2025, we delivered a record net profit of EUR 860 million earnings per share of EUR 10.87 and a return on tangible common equity of 27%. The underlying operating performance of our business was very strong with pre-provision profits of EUR 1.42 billion, up 31% versus prior year and a cost-to-income ratio of 36%. Total risk costs were EUR 228 million with an NPL ratio of 80 basis points. The fourth quarter was particularly strong with a net profit of EUR 230 million, a return on tangible common equity of 28% and a strong springboard as we entered 2026.
We exceeded
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