Grenke H1 2025: Leasing growth steadies

Grenke AG, the German-based financier for global SMEs, posted Group earnings of €26.2 million in the first half of 2025 (H1 2024: €45.0 million), reflecting planned higher expenses for claims settlement and risk provisions. The loss rate averaged 1.7% for the half-year, up from 1.1% a year earlier, but improving from Q1’s 1.9% to 1.7% in Q2.

Leasing division powers growth – New leasing business rose 9.8% in Q2 to €867.4 million, lifting lease receivables to €6.9 billion (Dec 31, 2024: €6.5 billion). This performance keeps Grenke on track to hit its full-year leasing target of €3.2–3.4 billion.

Q2 momentum builds – Net interest income climbed 11.6% year-on-year to €100.9 million, driven by higher interest income (+€24.7 million to €165.0 million). Operating income from leasing and service businesses rose €17.0 million to €162.8 million, while operating expenses grew by a controlled €9.3 million, bringing the cost-income ratio down to 56.1% – well within the