INDEXO Banka Reports Q3 2025 Results: Growth Despite Losses
Table of Contents
INDEXO Banka reported a loss of EUR 7.024 million in the first nine months of 2025. However, losses in the third quarter were 25% lower than in the second quarter. The bank continues to pursue a strategy of rapid growth, investing heavily in operational expansion, IT solutions, talent acquisition, and new product development. The entire INDEXO Group experienced consolidated losses of EUR 5.803 million during the same period.
Pension Business Performance
despite the overall losses, INDEXO’s pension business demonstrates strong performance. The number of pension clients reached 157.5 thousand by the end of September 2025, a 14.6% increase year-over-year. Assets under management (AUM) grew by 24.7% to EUR 1.515 billion. Commission income from the pension business increased by 18% year-on-year, reaching EUR 3.74 million.
Notably, INDEXO pension level 2 clients have the highest average managed assets per client in the market – EUR 11,086.
Jauda Plan Outperformance
INDEXO’s flagship pension plan,Jauda,has delivered an annual return of 9.76% as its inception, exceeding the Latvian market average and significantly outpacing the consumer price index. This ensures a real, inflation-adjusted increase in capital for its clients.
Strategic Outlook
The results of the third quarter and the first nine months collectively indicate that the INDEXO Group is successfully executing its strategic plan. The focus remains on strengthening the pension business and driving lasting growth.
key Takeaways
- INDEXO Banka reported losses of EUR 7.024 million in the first nine months of 2025, but Q3 losses decreased by 25% compared to Q2.
- The pension business is a key driver of growth,with a 14.6% increase in clients and a 24.7% increase in AUM.
- The Jauda pension plan has consistently outperformed market benchmarks, delivering a 9.76% annual return.
- INDEXO is committed to investing in its future through operational expansion, technology, and talent.