Ayvens has posted its Q4 and FY 2025 figures, showing strong financial results despite a small dip in total fleet size.

Ayvens reported growing synergies, higher margins and a lower cost base

The leasing giant, formed in May 2023 when ALD Automotive officially acquired LeasePlan with a combined managed fleet of 3.3 million, recorded a 2025 net income group share of €996m (£866m), up 45.7% vs. €684m (£595m) in 2024.

Earning assets stood at €53bn (£46bn), down 1.0% compared to Q4 2024 but up 0.8% compared to Q3 2025.

Ayvens said the decrease was largely due to the reduction of the fleet in the UK and subscription activity in Germany, both of which are being restructured following the portfolio review undertaken in 2024. Performance in Turkey was also a factor where the economy is still undergoing a hyperinflation phase. Excluding these three areas, Ayvens’ earning assets increased year-on-year by 1.1% and by 1.2% versus Q3 2025.

Total fleet amounted to 3.175 million units; down 3.2% year-on-year and showing the continued impacts of the portfolio review carried out in 2024 and the firm’s actions to restore profitability.

However, compared to the end of September 2025, total fleet is down 0.6%, showing signs of stabilisation.

Full-service leasing contracts stood at 2.525 million; down 3.2% year-on-year and 0.5% versus the end of September 2025.

And fleet management contracts stood at 650,000 vehicles; a fall of 3.3% compared with December 2024 and 0.7% versus the end of September 2025.

Plug-in vehicles accounted for 43% of new passenger car registrations for 2025 compared with 39% in 2024. The firm’s BEV and PHEV penetration stood at 32% and 11% respectively in 2025.

Ayvens also reported that synergies from the integration of ALD and LeasePlan reached €357m (£310m) in 2025, including notable action on IT migrations, with 17 countries and 90% of the group’s fleet now operating on the targeted IT platform of each country.

Chief executive Philippe De Rovira said the group has engaged into a leaner & more efficient operating model

Philippe De Rovira, who succeeded Tim Albertsen as chief executive in December, said: “The group has engaged into a leaner and more efficient operating model.

“These actions have translated in growing synergies, higher margins and a lower cost base. The strengthening of Ayvens’ asset management capabilities and the strict monitoring of residual values have allowed the group to anticipate effectively the impacts of the ongoing normalisation of used-car markets which is expected to continue going forward.”

He added: “For 2026, Ayvens will continue to prioritise profitability and asset risk management and enhance further its focus on customer satisfaction and operational excellence.”