KBC Ancora closes financial year 2024/2025 with a profit of EUR 315.4 million

Core Points - KBC Ancora reported a profit of EUR 315.4 million for the financial year 2024/2025, down from EUR 368.3 million in the previous year, translating to EUR 4.10 per share [2][5] - The company distributed a gross interim dividend of EUR 3.51 per share on June 5, 2025, and will not pay a final dividend [2][5] - The net asset value of KBC Ancora shares is 1.0066 times the price of KBC Group shares, with a net debt position of EUR 0.93 per share as of June 30, 2025 [6][7] Financial Results - Total income for the financial year was EUR 322.9 million, primarily from dividends received from KBC Group (EUR 321.7 million) and interest income (EUR 1.2 million) [5] - Total expenses amounted to EUR 7.5 million, consisting of operating costs (EUR 3.2 million) and financial expenses (EUR 4.3 million) [5] - In the second half of the financial year, KBC Ancora recorded a profit of EUR 241.5 million, or EUR 3.14 per share, compared to EUR 295.4 million in the same period the previous year [11] Balance Sheet and Assets - As of June 30, 2025, total assets stood at EUR 3.63 billion, an increase of EUR 29.3 million from the previous year [16] - The number of KBC Group shares held by KBC Ancora remained unchanged at 77,516,380, with a book value of EUR 46.44 per share [17] - The company’s debt decreased by EUR 15.8 million compared to the previous financial year, primarily due to repayments of a credit facility [18] Future Outlook - KBC Ancora anticipates costs within the cost-sharing agreement with Cera to be approximately EUR 2.5 million for the financial year 2025/2026 [19] - Total interest charges for the upcoming financial year are estimated at around EUR 4.1 million, with other operating costs likely to be about EUR 1.0 million [19] - The company plans to distribute an interim dividend of EUR 1.00 per share in November 2025, in line with its dividend policy [21]