Belgium's KBC Ancora FY profit rises on higher KBC Group dividends
Belgium's KBC Ancora FY profit rises on higher KBC Group dividends
Overview
Belgium holding company's fiscal 2025/26 revenue and profit rose on higher KBC Group dividends
Company confirmed dividend policy, plans share buybacks after debt repayment
Outlook
KBC Ancora expects to repay EUR 100 mln loan in May 2027 and close year debt-free
Company estimates 2026/2027 expenses: EUR 2.6 mln for Cera agreement, EUR 3.5 mln interest, EUR 1 mln other
Result Drivers
HIGHER DIVIDENDS - Increased dividends from KBC Group drove revenue and profit growth
OPERATING EXPENSES - Operating expenses rose slightly, mainly due to cost-sharing agreement with Cera and other administrative costs
Company press release: ID:nGNE1McJng
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
FY Profit |
| EUR 389.4 mln |
|
FY Operating Expenses |
| EUR 3.5 mln |
|
Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the investment holding companies peer group is "buy"
Wall Street's median 12-month price target for Kbc Ancora NV is €91.00, about 2.9% below its August 27 closing price of €93.70
The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 14 three months ago
Reuters Recommended Reads
Aug 27 - Belgium's Ageas H1 profit rises on life insurance growth
Aug 26 - Denmark's AL Sydbank H1 profit rises on retail segment performance
Aug 28 - Poland expects dividends from state-controlled firms to rise in 2027
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)