Filing Flows › ING Groep NV (ING) › H1 2025
ING Groep NV (ING) H1 2025 earnings results (H1 2025)
6-K filed Jul 31, 2025
ING Groep NV (ING) reported revenue of $12.4B for the H1 2025 (H1 2025), -3% from a year earlier. Operating margin was 100.0%, net earnings $3.9B (31.6% of revenue).
ING Groep NV, H1 2025: revenue $12.4B (-3% year over year), operating margin 100.0%, net earnings $3.9B, operating cash flow $10.5B. The chart follows the revenue to costs, profit and cash.
| H1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $12.4B | — | -3% |
| Operating profit | $12.4B | — | -3% |
| Net earnings | $3.9B | — | -12% |
| Operating cash flow | $10.5B | — | +76% |
| Free cash flow | $10.4B | — | +79% |
What changed
Revenue was €12.4B in H1 2025, down 3% year over year.
Operating profit was €12.4B, a 100.0% margin (unchanged year over year). Net earnings were €3.9B, down 12% year over year. The effective tax rate was 27.3%.
Operating cash flow was €10.5B (up 76% year over year), 260% of net income including minority interests. Non-cash charges added back €0.33B of depreciation and amortization. Working capital and other items added €6.1B. Capital expenditures of €0.12B left free cash flow of €10.4B.
Questions
What was ING Groep NV's revenue in the H1 2025?
ING Groep NV (ING) reported revenue of $12.4B for the H1 2025 (H1 2025), -3% from a year earlier.
Was ING Groep NV profitable in the H1 2025?
Operating profit was $12.4B (100.0% of revenue) and net earnings $3.9B.
Source: ING Groep NV 6-K on SEC EDGAR.