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LHV Group's Strong Q4 Rebound Softens 10% Annual Profit Decline
AS LHV Group announced a net profit of €304.8 million for 2025, marking a 10% annual decrease attributed to early-year interest rate pressures, though a strong fourth quarter saw a 9% sequential income increase and significant customer growth in Estonia.
- —AS LHV Group reported a net profit of 304.8 million euros for 2025, a 10% decrease compared to the previous year, attributed to a challenging interest rate environment in the first half of the year.
- —Despite the annual decline, the group experienced a strong fourth quarter in 2025, with consolidated net income increasing by 9% compared to the third quarter.
- —LHV Group's Chairman of the Board, Mihkel Torim, noted that interest income resumed growth and fee income increased due to high customer activity.
- —The company also saw growth in its customer base in Estonia, adding approximately 9,000 new clients in the fourth quarter, alongside notable increases in both deposit and credit portfolios.
Recap
LHV Group's annual profit decline masks a significant operational turnaround in the latter half of 2025. The strong fourth-quarter results, fueled by renewed income growth and an expanding customer base in Estonia, indicate the company successfully navigated early-year market headwinds. This performance suggests a trajectory of recovery and positive momentum entering the new fiscal year, demonstrating the resilience of its business model.
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3LHV aasta tulemused jäid ootustele allaFeb 10, 10:15