7 hours ago
1
Upgrade to High-Speed Internet for only ₱1499/month!
Enjoy up to 100 Mbps fiber broadband, perfect for browsing, streaming, and gaming.
Visit Suniway.ph to learn
In Q2 of 2025, LHV Group was able to earn higher net profit and increase business volumes against the background of lower interest rates. The loan portfolio of LHV Group reached 5 billion euros.
In Q2 2025, LHV Group earned a net profit of 30.8 million euros, which was 1.6 million euros more than in the previous quarter (+6% increase). The return on equity attributable to the shareholders of the Group was 17.4% in Q2.
All subsidiaries of the Group were profitable in the quarter. LHV Pank earned a net profit of 29.7 million euros, LHV Bank Ltd 0.1 million euros, LHV Varahaldus 0.5 million euros and LHV Kindlustus 1.1 million euros.
On a consolidated basis, LHV Group earned 73.9 million euros in revenue in Q1 2025, i.e. 7% less than in the previous quarter and 14% less than a year ago. Of the revenue of Q2 of this year, net interest income accounted for 57.6 million euros, and net fee and commission income for 15.6 million euros of total net income. Expenditure totalled 40.5 million euros, being 8% more than in the previous quarter and 11% more than a year ago. Due to the improvement of the macroeconomic situation, the previous provisions were undervalued in the amount of 4.2 million euros in the second quarter, which finally had a positive effect at the level of net profit.
As at the end of June, LHV Group consolidated assets amounted to 9.38 billion euros, which was 10% more than in the previous quarter and 28% more than in the same period last year. The consolidated loan portfolio increased by 269 million euros or 6% to 5.0 billion euros over the quarter (the loan portfolio increased by 1.1 billion euros or 28% year-on-year). Consolidated deposits of LHV Group increased by 760 million euros, i.e. by 12%, to 7.36 billion euros. The volume of funds managed by LHV increased by 3.7 million euros, to 1.56 billion euros. The number of payments made by clients who are financial intermediaries was 19.9 million in the second quarter, which was slightly less than in the previous quarter.
Get the latest news
delivered to your inbox
Sign up for The Manila Times newsletters
By signing up with an email address, I acknowledge that I have read and agree to the Terms of Service and Privacy Policy.
LHV Group's consolidated net revenue for the 6 months of 2025 amounted to 153.3 million euros, which is 16.5 million euros or 10% less compared to the same period last year. Expenditure totalled 78.1 million euros, which was 7.8 million euros or 11% more. The Group’s 6-month consolidated net profit was 59.9 million euros, being a decrease of 19.4 million euros, or 24%, compared to the previous year. In six months, LHV Pank earned a net profit of 54.9 million euros, LHV Bank Ltd 2.3 million euros, LHV Varahaldus 0.6 million euros and LHV Kindlustus 1.7 million euros. LHV Group’s ROE for the first half of the year was 17.0%.
Based on the first half of the year, LHV Group outperforms the financial forecast at the level of net income by 2.0 million euros and at the level of net profit by 2.3 million euros.
Income statement, EUR Th Q2 2025 Q1 2025 Q2 2024
adjusted Net interest income 57,643 62,010 70,424 Net fee and commission income 15,579 14,071 14,352 Net financial income -380 2,747 -37 Net insurance income 1,065 597 421 Other operating income and expense 0 -4 638 Total net income 73,907 79,421 85,798 Staff costs -22,901 -22,655 -20,420 Office expenses -679 -659 -874 IT costs -4,017 -3,576 -3,267 Marketing expenses -1,526 -1,258 -796 Other operating expenses -11,387 -9,394 -10,741 Total expenses -40,510 -37,542 -36,098 Operating profit 33,397 41,879 49,700 Profit before allowances 33,397 41,879 49,700 Allowances 4,152 -5,667 -5,043 Income tax expenses -6,784 -7,052 -6,071 Net profit 30,765 29,160 38,586 Minority holding 716 592 300 Shareholders' share of profit of parent company 30,049 28,568 38,286 Net earnings per share, EUR 0.09 0.09 0.12 Diluted earnings per share, EUR 0.09 0.09 0.12 Balance sheet, EUR Th June 2025 March 2025 June 2024 Cash and due from banks 3,867,487 3,279,271 3,217,448 Financial assets 454,979 442,463 157,131 Loans to clients 5,038,379 4,774,970 3,925,877 Loan impairment reserve -39,734 -45,629 -35,333 Receivables from clients 16,626 9,439 15,380 Other assets 46,058 47,771 49,220 Total assets 9,383,795 8,508,285 7,329,723 Demand deposits 4,669,435 4,189,062 3,659,675 Term deposits 2,694,906 2,415,430 2,124,254 Loans received 1,037,347 936,215 735,281 Due to clients and loans received
