Euroclear Reports 8% Growth in Underlying Business Income Amid Market Recovery

Euroclear's underlying business income ROSE 8% year-over-year to €932 million in H1 2025, driven by robust equity market recovery and strong issuance activity. Safekeeping revenues climbed alongside higher settlement volumes, offsetting a 6% decline in interest income to €551 million due to lower rates.

Operating costs edged up 3% to €682 million after adjustments, though efficiency measures partially mitigated inflationary pressures. The group's operating margin expanded by approximately 4 percentage points to 27.2%, demonstrating disciplined cost control alongside Core business growth.

Adjusted net profit held steady at €598 million, with EPS reaching €1903. The recent 49% stake acquisition in Inversis contributed €4.7 million during the consolidation period beginning 1 March.