Ayvens has delivered another quarter of standout performance, reporting a net income group share of €273 million for Q3 2025, representing an 85.9% increase compared with the same period last year.
The sharp rise in profitability was fuelled by strong leasing and services margins, disciplined cost control, and continued integration synergies, underscoring the Group’s solid progress under its PowerUP 26 strategic roadmap.
The company also announced a €700 million capital return to shareholders, reflecting its robust financial performance and solid capital position.
Strong Financial Performance
Along with an increased net income group share of €273 million in Q3 2025, Return on Tangible Equity (ROTE) nearly doubled to 14.3%, while earnings per share reached €0.30.
Leasing and services margins rose 20.1% year-on-year to €776 million, supported by higher underlying profitability – 593 basis points of average earning assets, up from 521 bps in Q3 2024. Gross operating income increased 17.6% to €851 million, driven by significant integration synergies and cost discipline.
Operating expenses fell to €429 million, reducing the cost-to-income ratio to 52.8%, more than ten percentage points lower than a year earlier. Synergies accelerated to €104 million in the quarter (up from €32 million in Q3 2024), bringing total year-to-date synergies to €251 million.
Used car sales and depreciation adjustments totalled €75 million, a modest 3.1% decline, as the company managed continued price normalisation in the used car market — particularly in the UK, where used battery electric vehicle (BEV) values declined faster than expected.
Solid capital and balance sheet
Earning assets stood at €52.6 billion, down 1.0% year-on-year, reflecting restructuring activities in the UK, Germany, and Turkey. Excluding these markets, earning assets grew 0.8%.
Ayvens maintained a strong capital position, with a Common Equity Tier 1 (CET1) ratio of 12.8% at the end of September 2025 – 348 basis points above regulatory requirements, even after accounting for the planned shareholder distribution.
€700 million shareholder return
Following its strong year-to-date performance and confirmation from the UK Financial Conduct Authority that its 2024 motor finance provision remains adequate, the Ayvens Board of Directors approved a €700 million shareholder distribution, comprising:
- a €360 million share buyback programme, authorised by the European Central Bank, commencing 31 October 2025 and running until 30 October 2026;
- an exceptional interim dividend of €0.42 per share, to be detached on 16 December 2025 and paid on 18 December 2025, subject to shareholder approval at the next Annual General Assembly.
Commenting on the results, Tim Albertsen, CEO of Ayvens, said: “The Group once again delivers a strong set of financial results, and I am pleased to announce a €700 million exceptional distribution, reaffirming our continued commitment to creating value for our shareholders.
“The execution of our PowerUP 26 roadmap remains fully on track, with profitability and cost efficiency improving steadily as synergies increase. Our strategic initiatives are clearly bearing fruit, positioning Ayvens for sustainable and profitable growth.”
Albertsen also confirmed his planned retirement on 1 December 2025, when Philippe de Rovira will assume leadership of the Group:
“I am proud to leave Ayvens on a solid and dynamic platform, ready to shape the mobility of tomorrow. I have every confidence that Philippe and the executive team will build on our successes and lead Ayvens towards new heights.”
Looking ahead, Ayvens expects to maintain strong momentum into Q4 2025, supported by its recently reached agreement with the Lincoln consortium, which is expected to contribute positively to total revenues.
While some non-recurring transformation charges are anticipated, the Group remains confident in achieving its PowerUP 26 financial targets, driven by sustainable fleet growth, operational efficiency, and continued shareholder value creation.
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