On 21 October 2025, the Board of Directors of UniCredit approved the consolidated Group’s results for the third quarter and first nine months of 2025.

Net profit was €2.6 billion in 3Q25, up by 4.7 percent year on year, bringing 9M25 total net profit to €8.7 billion, up 12.9 percent nine months on nine months.

Net revenues were €6.1 billion in 3Q25, up 1.2 percent versus prior year, comprising net interest income (“NII”) at €3.4 billion, fees and net insurance result at €2.1 billion and loan loss provisions (“LLPs”) of €0.1 billion.

Net interest income fell 2.7 percent quarter on quarter to €3.4 billion, a resilient outcome in a lower interest rate quarter, largely thanks to a disciplined management of our deposits pass-through, closing the quarter at an average of c. 30 per cent. NII was down 5.4 percent year on year. The Group’s prioritisation of quality and profitable clients and segments resulted in a net NII of €3.3 billion in 3Q25.

Operational costs were €2.3 billion in the quarter, a decrease of 0.1 percent year on year, a notable result considering the broader perimeter of the Group.

Andrea Orcel, Chief Executive Officer of UniCredit S.p.A. said: “UniCredit delivered yet another set of record results, with net revenues up 1.2% and costs down 0.1% versus last year while absorbing our extended perimeter. Net profit is up to €2.6 billion delivering a ROTE of 19.1% and our CET1 ratio stood at 14.8% thanks to strong organic capital generation. We are confirming our 2025 net profit guidance of around €10.5 billion pre any management actions to further propel our future results, and we are on track to deliver our best year ever. By accelerating our strategy and deploying excess capital to create value, we have bolstered our best-in-class earnings and shareholder distribution trajectory. These results reflect disciplined execution, and I am confident that we will continue to build sustainable value for all stakeholders.”