DLL reports €312m net profit in 2025 amid ongoing market volatility

DLL has reported a resilient underlying performance for 2025 despite continued macroeconomic and geopolitical uncertainty impacting its financial results.

The global vendor finance company recorded net profit of €312 million (US$353 million) for the year, while net income remained stable at €1.9 billion (US$2.1 billion). DLL said results were affected by higher risk costs and increased operating expenses during the year.

DLL’s portfolio closed 2025 at €45.7 billion (US$53.6 billion), representing a 3% decrease compared with 2024. The company said the decline was primarily driven by appreciation of the euro against other currencies. Excluding currency effects, the portfolio grew by 2%.

The company said geopolitical uncertainty, including the introduction of import tariffs in several countries, continued to weigh on global economic growth and moderated DLL’s overall growth momentum.

DLL Chief Financial Officer and Member of the Executive Board, Alp Sivrioğlu, said:

“Performance varied across regions, with solid results in Europe, Canada and Asia-Pacific, while volumes declined in the US and Latin America. In Brazil, operations were affected by a combination of persistent adverse macroeconomic circumstances in 2025 as well as the after-effects of climate events in 2024.”

Despite the challenging environment, DLL continued to expand its partner ecosystem during the year, onboarding more than 30 new partners across multiple industries. The company also celebrated the 35th anniversary of its long-standing partnership with AGCO Corporation.

DLL said partner trust and engagement remained strong, with its annual Net Promoter Score increasing for the second consecutive year, supported by its global workforce of more than 6,000 employees.

During 2025, the business also continued investing in operational simplification and digital capabilities as part of its longer-term transformation strategy.

Reflecting the growing importance of digitalisation and artificial intelligence within financial services, DLL appointed Jasper van Tongeren as its first Chief Digital Officer and member of the Executive Board.

Looking ahead, Lara Yocarini, Chief Executive Officer and Chair of DLL’s Executive Board, said the company expects volatility to remain a defining feature of the global market environment.

“At the same time, financing the real economy presents significant opportunity,” she said. “Amid volatility, we strive to be a constant and consistent factor for our partners and customers. With a strong foundation, together, we continue to connect beyond; navigating uncertainty, strengthening partnerships, and creating meaningful impact.”