Grenke AG: First Half-Year 2025 Financial Update

grenke AG reported Group earnings of EUR 26.2 million in the first half of 2025, down from EUR 45.0 million in the same period of 2024. This reduction is attributed to increased expenses for claim settlements and risk provisions. The company's loss rate improved from 1.9% in Q1 2025 to 1.7% in Q2. The cost-income ratio also saw improvements, reaching 56.4% from 57.1% a year ago.

Significant developments include a rise in profit in Q2 2025, signaling a positive trend. Interest income grew significantly, contributing to a healthier net interest income of EUR 100.9 million. Operating expenses had a moderate increase, while the cost-income ratio reached a favorable 56.1% for the quarter.

The acquisition of remaining franchise companies is concluding, with significant deals in Chile, Latvia, and Canada. grenke AG anticipates leasing new business to range between EUR 3.2 billion and EUR 3.4 billion for 2025, with Group earnings expected between EUR 71 million and EUR 81 million.