Dexia: annual results 2025
Brussels, Paris, 30 April 2026 – 08.30
DEXIA ANNUAL RESULTS 2025
Active pursuit of the orderly resolution in 2025
Dynamic management of the asset portfolio and balance sheet
Reduced funding requirements and a strong liquidity position
Further progress in streamlining the Group’s structure
Net loss for the year (EUR -134 million), down on 2024
Preparations for a comprehensive reshaping of the operational model in 2026-2027
Following the withdrawal of its banking licence and the simplification of its accounting framework in 2024, Dexia continued in 2025 to pursue the objective of simplifying its structure and operations. As such, the reshaping of the operating model was a key focus throughout the year, driven by preparations for the implementation of plans to outsource production activities to EY and BlackRock.
Dexia also continued with the active management of its asset portfolio through the execution of its two asset deleveraging plans, which enabled the portfolio to be reduced by 15% over the year.
As a result of the combined effect of the reduction in asset portfolios and the decline in net collateral posted by Dexia to its derivatives counterparties, the funding requirement contracted by nearly EUR 7 billion during 2024, standing at EUR 31.1 billion as at 31 December 2025.
As at 31 December 2025, these factors result in a 17% decrease in the balance sheet total compared with 31 December 2024, to EUR 43.4 billion.
Dexia’s net result for 2025 stood at EUR -134 million, compared with -267 million in 2024, still impacted by asset disposals and costs associated with the Group’s transformation.
Dexia Holding’s consolidated net profit stood at EUR -287 million in 2025 compared with EUR -248 million in 2024.
The difference between Dexia’s net profit under French local standards and Dexia Holding’s consolidated net profit under Belgian local standards is mainly due to the elimination of the valuation of available-for-sale securities classified in an amortised cost portfolio under Belgian accounting standards.
Further details on the business and 2025 annual results of Dexia and Dexia Holding are provided in the annual reports of both entities, published today on Dexia’s website: www.dexia.com.
Gilles Denoyel, Chairman of the Board Directors of Dexia, stated:
“The simplification of the Group is a key focus of its resolution. Driven by the reduction in the balance sheet, the downsizing of the international network and the withdrawal of the banking licence, this is also reflected in the restructuring of our management bodies, with a view to greater agility and increased efficiency. I am also delighted by the European Commission’s decision to end its active monitoring of Dexia. This decision, notified to Dexia and its shareholder and guarantor states in early 2025, recognises the remarkable work carried out by the Management Board and the teams in implementing the Group’s orderly resolution strategy. I would like to thank our directors for their active commitment to the company, as well as our shareholder and guarantor states for their unwavering support at every stage of our resolution.”
Pierre Crevits, Chief Executive Officer of Dexia, stated:
“In 2025, we continued to manage our balance sheet actively through the implementation of two deleveraging programmes, aimed on the one hand at operational simplification and on the other at shortening the maturity of the balance sheet. As a result of the balance sheet reduction, our funding requirements were significantly reduced during the year. 2025 was also marked by the preparation, alongside our partners, of a complete reshaping of our operational model. This large-scale project will be rolled out over the period 2026-2027 and will enable a significant reduction to be made in our operating costs. I would like to extend my heartfelt thanks to the teams, who dedicate themselves day in, day out to the Group’s transformation and whose efforts and commitment remain unwavering, year after year.”
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