Mutares holding net income jumps 56% in first nine months

Mutares SE & Co. KGaA announced a 56% increase in holding net income, reaching €83.5m for the first nine months of 2025, up from €53.5m in the previous year. This growth was primarily driven by the successful partial sale of Steyr Motors and the partial exit from Locapharm. The company's revenues from consulting services and management fees stood at €77.6m.

The Mutares Group's revenues rose 21% to €4,725.3m in the same period, compared to €3,892.8m last year, reflecting high acquisition activity in 2024 and 2025. Group EBITDA significantly increased to €720.3m from €170.3m, with gains from bargain purchases contributing €630.5m. However, adjusted EBITDA was €-62.5m, influenced by new acquisitions and a challenging environment at Lapeyre, despite positive restructuring efforts elsewhere.

Mutares expects further exits in Q4 2025, projecting full-year 2025 Mutares Holding net income between €130m and €160m, and group revenues between €6.5bn and €7.5bn. The company aims for group revenues to reach €10bn and holding net income of €200m by 2028.