Portugal’s Montepio Group posts consolidated results of €134.7 million

Montepio Group posted consolidated results of €134.7 million for 2025 the group said on Thursday, confirming a cycle of activity based on solid foundations.

It was the 5th consecutive year that MGAM posted positive results with operating revenues at €1,537.6 million, while operating expenses reached €1,349.6 million, reflecting a resilient operational performance, which benefited from the positive contribution of all companies in the group and reflects the solidity of the business models and the consistency of its strategic execution.

Balance sheet at record highs

Consolidated assets reached €23,569.7 million, 8.1% more than the previous year, incorporating, in particular, an increase in customer loans, especially in the retail segment, the dynamics of banking activity, the growth of the portfolio of financial assets and investments in credit institutions.

Investments made by the various companies of the Group also contributed to this evolution, particularly in the insurance, asset management and services areas, reflecting the diversification of activity and the Group’s ability to expand its asset base in a balanced and sustainable way.

Liabilities amounted to €22,899.3 million, showing consistent growth compared to the previous year (+7.6%), resulting from the growth of customer resources in a context of increased confidence and an expanded customer base, but also from the evolution of liabilities inherent to the activity of the various business areas.

This evolution was accompanied by prudent management of the financing structure, with an adequate capital structure and comfortable levels of liquidity, within a framework of normalisation of market conditions.

Equity reached €670 million, representing a significant increase compared to the same period last year, mainly driven by the generation of results for the financial year.

Source and credits: Montepio