ING Groep N.V. (ING) annual results, year to 31 December 2025, from the 20-F
ING Groep N.V. files a 20-F with the SEC once a year, in euros. In the year to 31 December 2025 its profit attributable to shareholders was EUR 8,324 million, up 56.1%, and diluted earnings per share EUR 2.78.
The year to 31 December 2025, against the year before
| Year to | Dec 2024 | Dec 2025 |
|---|---|---|
| Operating profit | 21,087 | 25,678 |
| Profit before tax | 7,772 | 11,791 |
| Income tax | 2,181 | 3,192 |
| Profit for the year | 5,592 | 8,599 |
| Profit attributable to shareholders | 5,334 | 8,324 |
| Filing | 20-F | 20-F |
EUR million, from the 20-F on the SEC's EDGAR, linked in the last row, on the IFRS tags the company filed. A line the company does not file under the standard tag is left out rather than estimated.
EUR per ordinary share, as filed.
Cash flow
| Year to | Dec 2024 | Dec 2025 |
|---|---|---|
| Cash from operations | -22,544 | -6,380 |
| Purchase of property, plant and equipment | 332 | 351 |
| Free cash flow | -22,876 | -6,731 |
| Dividends paid | 3,879 | 3,886 |
| Filing | 20-F | 20-F |
EUR million. Free cash flow is cash from operations less the purchase of property, plant and equipment, arithmetic on the two filed lines.
Balance sheet at year end
| Year to | Dec 2024 | Dec 2025 |
|---|---|---|
| Total assets | 1,023,856 | 1,060,329 |
| Equity attributable to shareholders | 52,703 | 54,083 |
| Cash and cash equivalents | 69,069 | 54,148 |
| Lease liabilities | 1,116 | 1,050 |
| Filing | 20-F | 20-F |
EUR million, at each fiscal year end.
Ratios on the filed lines
| Year to | Dec 2024 | Dec 2025 |
|---|---|---|
| Return on year-end equity | 10.1% | 15.4% |
| Effective tax rate | 28.1% | 27.1% |
| Filing | 20-F | 20-F |
Arithmetic on the filed lines of the same year.
The exchange rates used
| Year to | Average over the year US dollars per EUR | At the year end US dollars per EUR |
|---|---|---|
| Dec 2015 | 1.1096 | 1.0859 |
| Dec 2016 | 1.1072 | 1.0552 |
| Dec 2017 | 1.1301 | 1.2022 |
| Dec 2018 | 1.1817 | 1.1456 |
| Dec 2019 | 1.1194 | 1.1227 |
| Dec 2020 | 1.1410 | 1.2230 |
| Dec 2021 | 1.1830 | 1.1318 |
| Dec 2022 | 1.0534 | 1.0698 |
| Dec 2023 | 1.0817 | 1.1062 |
| Dec 2024 | 1.0820 | 1.0351 |
| Dec 2025 | 1.1306 | 1.1736 |
Converted by us, not by the company: the Federal Reserve's daily noon buying rates in New York (H.10), FRED series DEXUSEU. Profit and loss, cash flow and EPS use the average of the daily rates over each fiscal year; the balance sheet uses the rate on the year end, or the last one before it. Ratios are the same in either currency. The filed figures are the ones in euros.
Every annual report here
- Year to 31 December 2025, this page
- Year to 31 December 2024
- Year to 31 December 2023
- Year to 31 December 2022
- Year to 31 December 2021
- Year to 31 December 2020
- Year to 31 December 2019
- Year to 31 December 2018
- Year to 31 December 2017
- Year to 31 December 2016
- Year to 31 December 2015
Source
20-F for the year to 31 December 2025, filed 26 February 2026, accession 0001628280-26-011979: the filing on EDGAR. All of ING Groep N.V.'s filings: EDGAR company page. The figures are in euros as filed.
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