Announcement of Financial Results 2025

Summary by AI ^BETAClose X

EUROFIMA reported a stable balance sheet of EUR 15.4 billion for 2025, with a financial result of EUR 34.7 million, an increase of EUR 1.9 million from the previous year, driven by an 8% rise in net interest income to EUR 32.8 million due to reinvestment in a rising interest rate environment. Commission income and fees decreased by EUR 1.1 million to EUR 12.8 million. The company maintained its record of no losses for the 69th consecutive year, with all assets fully performing. EUROFIMA supported member rolling stock procurements and refinancing, issuing a EUR 400 million green bond maturing in May 2040 under its revised Dark Green framework.

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Eurofima

10 March 2026

Announcement of Financial Results 2025

For the 2025 financial year, EUROFIMA reported a stable balance sheet of EUR 15.4 billion and a strong financial result of EUR 34.7 million.

EUROFIMA's net profit increased by EUR 1.9 million compared to 2024 (EUR 32.8 million). Net interest income increased by 8% from EUR 30.3 million to EUR 32.8 million, mainly due to reinvestment of maturing treasury assets yielding low or negative return in the rising interest rate environment. Commission income and fees decreased by EUR 1.1 million to 12.8 million compared to the previous year (EUR 13.9 million), primarily due to the sovereign rating upgrade of Italy, reducing risk-based pricing on a portion of the loan portfolio of Italy.

No impairments were recognized during the year, and as of December 31, 2025, all assets were fully performing. This marks the 69th consecutive year without any losses due to railways failing to meet their obligations.

During 2025, EUROFIMA successfully met demand from its clients and supported the rolling stock procurements and refinancing needs of its members, reaffirming its role as a reliable financing partner for its shareholders. In 2025, EUROFIMA concluded two new contracts (whereof one is a multiyear agreement with disbursements to materialize over the next years), fully refinanced one shareholder upon an existing maturity, and provided short-term financings under a frame agreement, supporting four shareholders in financing railway equipment.

With most of the funds being dedicated to electric multiple-unit trains and passenger coaches, and with financing of tri-mode trains for the first time in EUROFIMA's history, 2025 represented an important milestone in the company's commitment to fulfilling its public mission of supporting sustainable mobility. EUROFIMA raised these funds under its updated Green Bond Framework, which was revised in May 2025 and recognized by S&P Global Ratings as Dark Green. Under this framework, EUROFIMA issued a new green bond of EUR 400 million maturing in May 2040.

EUROFIMA's commitment to sustainability continued throughout 2025. The organization reaffirmed its focus on its environmental, social and governance footprint, including the renewal of its Great Place to Work certification, as highlighted in the Sustainability report.

The financial results for 2025 were approved by the 69th Annual General Assembly on 10 March 10 2026.

EUROFIMA in brief:

· Established in 1956 by a State Treaty signed by 25 European member States so far.

· Public mission to support public transport by financing investments in rail bound rolling stock.

· The credit rating assessment of EUROFIMA by Standard & Poor's is 'AA/A-1+/stable, by Moody's 'Aa2/P-1/stable' and by Fitch 'AA/F1+/stable'.

· You can find the Annual Report 2025 under: http://www.rns-pdf.londonstockexchange.com/rns/1005W_1-2026-3-10.pdf

For more information, please do not hesitate to contact Christoph Pasternak, Chief Executive Officer, Christoph.Pasternak@eurofima.org.

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