Montepio closes 2025 with profits of €231 million
Montepio Geral – Associação Mutualista (MGAM) concluded its 2022-2025 strategic cycle with a robust financial performance, reinforcing its equity to €921 million, a significant increase compared to €703 million in 2024, and recorded a net profit of €231 million in 2025, consolidating its growth trajectory and preparing the groundwork for a new strategic plan focused on innovation and value creation for its more than 612,000 members.
The MGAM Assembly of Representatives approved the 2025 Annual Report and Accounts (Individual Accounts), which highlights the consolidation of the Association’s profitability.
The net profit of €231 million represents a 10% increase compared to €210 million in 2024, continuing the positive trajectory of recent years (€112 million in 2023 and €50.2 million in 2022). The Association’s positive performance was, for the fifth consecutive year, aided by the favourable contribution of the companies in the Montepio Group.
Confidence in the Association is evident in the growth of its membership activity, which saw the addition of 2,231 new members in 2025, bringing the total to 612,412.
This dynamism was reflected in the membership margin, which grew by 25.4% to €194.3 million. Financial strength is also visible in the 10.3% growth in assets, which reached €4,764.7 million at the end of 2025.
The strategy of enhancing the investment portfolio continued to bear fruit, notably with the growth in the value of investments in subsidiaries to €2,143 million (+8.8%), the favorable evolution of the securities portfolio by 30.8%, totaling €1,051.7 million, and the positive variation of 7.1% in investment properties, which reached €485.1 million.
The President of Montepio Geral – Associação Mutualista, Virgílio Boavista Lima, highlighted the results achieved, emphasising that they reflect the execution of the strategy and the fulfillment of the objectives defined for the 2022-2025 cycle.
“The results obtained show that we are on the right track: we have consolidated mutualist activity, expanded our value proposition, strengthened our range of options with innovative solutions in the areas of health, housing and longevity, tailored to the current and future needs of the mutualist community, modernised processes, developed the talent of our teams, ensured financial sustainability and created a firm foundation for the 2026-2029 strategic cycle and for the execution of the growth and affirmation plan of the Association and the Montepio Group.
Based on these solid results and the renewed confidence of our members, we are in a position to establish the Association as a modern, sustainable institution, prepared for the challenges ahead.”
Source: Supplied; Credits: Montepio
