Overview of FY25 Results#
Deutsche Beteiligungs AG, a private equity firm, recently reported its results for fiscal year 2025, which were in line with the company's updated expectations. The firm revealed a net asset value (NAV) for its private equity investments of €640 million, translating to €36.37 per share. This figure falls within the company's guidance range of €625 million to €665 million.
Income and Earnings Performance#
The group net income for FY25 was €24.7 million, a decrease from €47.5 million in the previous fiscal year (FY24). Despite this decline, the earnings before interest, taxes, and amortization (EBITA) from Fund Investment Services reached €14.3 million, which is at the higher end of the company's guidance of €10 million to €15 million and slightly above the €14 million recorded in FY24.
Private Markets and Debt Investments#
In the Private Markets Investments segment, the company generated a profit before tax of €8.2 million for the fiscal year. Additionally, private-debt investments yielded €2.2 million in income, marking a significant milestone as it is the first time this segment has produced meaningful returns for Deutsche Beteiligungs.
Future Expectations and Share Buyback#
Deutsche Beteiligungs has extended its share buyback program, allowing for up to €20 million in repurchases over the next year. Looking ahead to FY2026, the firm anticipates an NAV per share between €36 and €40, with EBITA from Fund Investment Services expected to range from €5 million to €9 million. By 2028, the company projects an NAV per share of €41 to €48 and EBITA of €11 million to €17 million.