Market Update: Multitude AG Receives Optimistic FY26 Outlook

Multitude AG has received a positive outlook for FY26 following its strong performance in the first nine months of FY25. The company is expected to experience continued margin expansion, with projected interest income totaling €261 million, marking a 4.6% year-on-year increase. The report suggests this growth is largely due to stabilizing interest rates and improved loan book quality, following divestments and a challenging interest rate environment in the prior year.

Fitch Ratings has affirmed Multitude's long-term issuer default rating at 'B+' with a stable outlook. Additionally, the company's standalone credit profile saw an upgrade to 'bb-', indicating long-term improvements in loan book quality.

Multitude is predicted to increase its earnings before tax by 15.2% year-on-year, reaching €35.1 million, while net profit is expected to grow by 11.7% to €30.5 million. In FY25, Multitude's partnership model exceeded expectations. Furthermore, the company maintains a strong commitment to scaling its business, particularly in its Wholesale Banking sector, which is anticipated to grow by 36% year-on-year.