5.8



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Core messages Asset Management 12M 2025


Operating profit increases 3 percent to 3.3 billion euros

Cost-income ratio improves to 60.7 percent, ahead of full-year ambition of around 61 percent

Excellent third-party net inflows of 139 billion euros


In12M 2025, operating revenues increased to 8.5 billion euros (12M 2024: 8.3 billion euros), an internal growth of 5.9 percent. Growth was driven by higher AuM-driven revenues, which advanced by 8.3 percent adjusted for foreign currency translation effects. This was supported by higher average third-party AuM.

Operating profit rose to 3.3 (3.2) billion euros, up 3.3 percent, or 6.9 percent adjusted for foreign currency translation effects. The cost-income ratio (CIR) improved to a very good level of 60.7 percent (61.1 percent), ahead o
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