Finance
Italy's Azimut almost triples 2025 net inflow target
Published by Global Banking & Finance Review®
Posted on July 31, 2025
2 min readLast updated: January 22, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on July 31, 2025
2 min readLast updated: January 22, 2026
Azimut Holdings raises its 2025 net inflow target to 28-31 billion euros, driven by acquisitions and strategic growth, with net income forecasted to exceed 1 billion euros.
(Reuters) -Italian asset manager Azimut Holdings on Thursday almost tripled its full-year net inflow target on the back of strong momentum and recent acquisitions and disposals.
The group raised its 2025 outlook to a range between 28 and 31 billion euros ($35.45 billion), from an initial guidance of 10 billion euros.
It also upped its forecast for net income at the end of the year, now expecting it to be in excess of 1 billion euros, while previously seeing it around that figure.
Earlier this month, Azimut signed a binding agreement to buy Chicago-based North Square Investments, a transaction that "consolidates the U.S. as our second-largest market with $50 billion in assets," said Chief Executive Giorgio Medda.
The group added in a statement it remains focused on completing by year-end the spin-off of fintech bank TNB, following an agreement with private equity fund FSI.
Azimut recorded total revenue of 646 million euros in the first six months of the year, driven by higher recurring fees across all core markets, with net income growing 18% year-on-year to 240 million euros.
($1 = 0.8746 euros)
(Reporting by Gaia Neiman and Enrico Sciacovelli, editing by Giulia Segreti)
Azimut has raised its 2025 net inflow target to between 28 and 31 billion euros, significantly up from its initial guidance of 10 billion euros.
Earlier this month, Azimut signed a binding agreement to acquire North Square Investments, which will strengthen its position in the U.S. market.
Azimut now expects its net income to exceed 1 billion euros, an increase from its previous estimate of around that figure.
Azimut recorded total revenue of 646 million euros in the first six months of the year, driven by higher recurring fees across all core markets.
Azimut remains focused on completing the spin-off of its fintech bank TNB by year-end, following an agreement with private equity fund FSI.
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