Finance
Private equity firm CVC posts annual profit slightly above expectations
Published by Global Banking & Finance Review®
Posted on March 11, 2026
2 min readLast updated: March 11, 2026
Quick Summary
CVC Capital Partners posted an adjusted after-tax profit of €873 million for full‑year 2025, slightly above the €867 million consensus estimate, reflecting continued strength in management fees, fundraising and realisations.
CVC earnings guidance disappoints, shares fall
CVC Capital Partners Reports Lower Than Expected Earnings Outlook
By Jakob Van Calster and Olivier Cherfan
March 11 (Reuters) - Private equity firm CVC Capital Partners announced on Wednesday a lower near-term performance-related earnings (PRE) outlook than expected, sending its shares down.
Asset Management and Earnings Forecast
One of the world's largest private equity managers said it sees fee-paying assets under management (FPAUM) of around 200 billion euros ($231.92 billion) by the end of 2028.
It forecasts performance related earnings (PRE) of 600 to 700 million euros between 2026 and 2027, stepping up to 1.2 to 1.5 billion euros by 2028 to 2029.
Analyst Expectations and Market Reaction
The company's earnings 2026-2027 outlook came in below analyst expectations of around 1.1 billion euros, J.P. Morgan analysts said in a research note.
Realisations - the cash generated and distributed from successful disposals - came in at 21.9 billion euros, climbing 67% on the year as 2025 proved a turning point after global economic uncertainty and high interest rates weighed on dealmaking in previous years.
CEO Comments and Regional Exposure
CEO Rob Lucas told reporters he hoped to see the same momentum in 2026, but added "realisations are always a bit lumpy and slightly unpredictable".
The company noted its limited presence in the Middle East as renewed American and Israeli bombing in Iran fuelled market volatility.
Its shares were down 6.9% at 0922 GMT.
Financial Results and Shareholder Returns
The company delivered an adjusted after-tax profit of 873 million euros in 2025, beating the 867 million euros expected in its company-compiled analyst consensus.
CVC will propose an additional dividend of around 0.235 euro per share, bringing the full year total to 0.47 euro per share. It also said it would launch a share buyback programme of 350 million euros to commence immediately.
Currency Conversion and Reporting Notes
($1 = 0.8597 euros)
(Reporting by Olivier Cherfan and Jakob Van Calster in Gdansk; Editing by Matt Scuffham)
Key Takeaways
- •Adjusted after‑tax profit of €873 million exceeded the €867 million analyst consensus, signaling modest outperformance.
- •Full‑year 2025 momentum builds on strong 2024 performance, which saw AUM hit €200 billion, realisations jump and management fee earnings grow robustly (cvc.com).
- •Strong first‑half 2025 saw €396 million net profit in line with expectations, with €6.3 billion raised and €13.2 billion in realisations cementing full‑year confidence (uk.finance.yahoo.com)
References
Frequently Asked Questions about Private equity firm CVC posts annual profit slightly above expectations
1How much profit did CVC Capital Partners report for 2025?
CVC Capital Partners reported an adjusted after-tax profit of 873 million euros ($1.02 billion) for 2025.
2Did CVC's annual profit meet analyst expectations?
CVC's annual profit slightly exceeded expectations, beating the 867 million euro consensus with 873 million euros.
3What is the exchange rate used for euro to US dollar conversion?
The exchange rate reported in the article is $1 = 0.8597 euros.
4Who reported and compiled the analyst consensus for CVC's results?
The analyst consensus was company-compiled and the news was reported by Olivier Cherfan and Jakob Van Calster.
