Azimut Group presents itself as an independent and global giant in the asset management, wealth management, and fintech sectors. And the results prove it:

🚀 Unprecedented Expansion

As of September 30, 2025, the Group manages total assets that have reached an impressive €123 billion. This is exponential growth: assets under management have continued to double every five years over the last two decades!

But the real news is net inflows: in the first 9 months of 2025, Azimut recorded total net inflows of a significant €15.3 billion. This is the best result ever in the Group’s history in terms of organic net inflows, which reached €11.9 billion. The Group’s global strategy, operating in 20 countries, is clearly bearing fruit, with strong demand for solutions in Italy, Turkey, the USA, and Egypt.

💎 The Main Focus: Dividends, Shareholders’ Faithful Friends

If you are an investor, prepare to smile. The presentation clearly emphasizes the shareholder remuneration policy, which is proving to be solid and continuously growing. The trend of the Dividend Per Share is a strong signal of the Group’s success:

As you can see, the trend is clearly increasing in recent years. The dividend per share has risen from €1.00 to €1.75 from 2019 to 2024, highlighting a constant commitment to rewarding shareholders.

And the good news doesn’t stop there. The excellent performance (with Recurring Net Profit growing by 17% year-on-year in 9M 2025) has led to an improved guidance for the full year 2025.

Furthermore, the Board of Directors plans to propose an enhanced ordinary dividend policy for the 2025 financial year at the 2026 Shareholders’ Meeting, which is expected to be higher than the previous year’s, with an indicated target of €1.75 per share.

To complete the picture, the Group also has a share buyback program of up to €500 million, with the intention of cancelling the repurchased shares to maximize shareholder remuneration.

🚀 The TNB Project: A Strategic Turning Point

The TNB project (which stems from the spin-off of a part of the Italian distribution network) is the centerpiece of Azimut’s strategy to expand its market and generate further value for shareholders.

Here are the key points of this operation:

• Agreement and Participation: Azimut has signed a binding agreement with FSI (Fondo Strategico Italiano) and co-investors. Upon Closing, FSI and co-investors will acquire 80.01% of TNB, while Azimut will retain a 19.99% stake.
• Transaction Value: The potential Total Consideration for the sale of the 80.01% stake is approximately €1.2 billion.
• Revenue Guarantee: Azimut has obtained a Revenue Guarantee on net fees totaling €2.4 billion over a minimum of 12 years.
• Timeline: The road map foresees obtaining the necessary regulatory approvals (including ECB, Banca d’Italia, and Consob) and proceeding to Closing in the second quarter of 2026. The goal is clear: to create a growth opportunity and maximize value creation.

In short, Azimut is not only growing aggressively globally but also maintaining strong financial discipline with a balance sheet free of bank debt, confirming a cash-flow-linked approach for future dividend policy. A reassuring and very attractive signal for those seeking stability and growth in returns.

The information provided in this article is for informational purposes only and does not constitute financial advice or an invitation to invest. I am not a financial advisor. Before making any financial or investment decision, you should always conduct your own research, carefully assess the risks, and, if necessary, consult a qualified professional.