GBL tracks worst day in 7 months on declining results

Groep Brussel Lambert NV

07/11/2025 08:38

** Shares of GBL GBLB.BR fall close to 5% after the Belgian holding company reported lower end-September NAV

** The metric stands at 13.97 billion euros ($16.29 billion), down 11% y/y; GBL's net loss amounts to 209 million euros

** "Few listed assets recovered meaningfully in Q3 amid volatile markets, while tariff risks lingered for consumer names," says KBC Securities

** Listed assets weigh on results but more liquidity could unlock new opportunities, the broker adds

** The stock, sitting at the bottom of Belgium's BEL 20 .BFX blue-chip index, will see its worst day in 7 months if losses persist

** Up to Thursday's close, shares in GBL rose 15.1% YTD

($1 = 0.8575 euros)

(Reporting by Gianluca Lo Nostro)

((gianluca.lonostro@thomsonreuters.com;))