Financials ING Groep N.V.

Equities

INGA

NL0011821202

Banks

Market Closed - Euronext Amsterdam Other stock markets 16:55:00 17/07/2025 BST			Pre-market 07:35:01
19.57 ^EUR	+1.54%		19.66	+0.44%

07-17	Weekly Jobless Claims Reach 3-Month Low, Continuing Applications Rise	MT
07-15	Barclays Upgrades ING to Overweight, Boosts PT	MT

Projected Income Statement: ING Groep N.V.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	17,637	18,490	18,561	22,575	22,615	22,391	23,593	24,898
Change	-	4.84%	0.38%	21.63%	0.18%	-0.99%	5.37%	5.53%
EBITDA	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
EBIT ¹	6,484	7,299	7,363	11,011	10,494	9,935	10,565	11,559
Change	-	12.57%	0.88%	49.55%	-4.7%	-5.33%	6.34%	9.41%
Interest Paid	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	3,809	6,782	5,502	10,492	9,300	8,274	9,076	9,950
Change	-	78.05%	-18.87%	90.69%	-11.36%	-11.04%	9.7%	9.63%
Net income ¹	2,485	4,776	3,674	7,287	6,392	5,611	6,208	6,881
Change	-	92.19%	-23.07%	98.34%	-12.28%	-12.22%	10.63%	10.84%
Announcement Date	12/02/21	03/02/22	02/02/23	01/02/24	06/02/25	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1
Net sales ¹	4,511	4,671	4,286	4,169	4,702	4,517	4,648	4,624	4,600	4,682	4,412	4,868	5,567	5,759	5,842	5,408	5,583	5,716	5,909	5,407	5,637	5,635	5,374	5,628	5,860
Change	-	3.55%	-8.24%	-2.73%	12.78%	-3.93%	2.9%	-0.52%	-0.52%	1.78%	-5.77%	10.34%	14.36%	3.45%	1.44%	-7.43%	3.24%	2.38%	3.38%	-8.5%	4.25%	-0.04%	-4.62%	4.72%	4.12%
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	1,678	1,878	1,673	1,255	1,686	1,973	1,962	1,677	1,655	1,945	1,783	1,980	3,071	3,133	3,049	2,333	2,551	2,868	3,004	2,070	2,437	2,611	1,885	2,152	-
Change	-	11.92%	-10.92%	-24.99%	34.34%	17.02%	-0.56%	-14.53%	-1.31%	17.52%	-8.33%	11.05%	55.1%	2.02%	-2.68%	-23.48%	9.34%	12.43%	4.74%	-31.09%	17.73%	7.14%	-27.81%	14.16%	-
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	1,017	542	1,204	1,046	1,463	2,065	1,924	1,331	668	1,743	1,380	1,711	2,344	3,035	2,866	2,247	2,293	2,568	2,668	1,771	2,124	2,271	1,856	1,733	-
Change	-	-46.71%	122.14%	-13.12%	39.87%	41.15%	-6.83%	-30.82%	-49.81%	160.93%	-20.83%	23.99%	37%	29.48%	-5.57%	-21.6%	2.05%	11.99%	3.89%	-33.62%	19.93%	6.91%	-18.27%	-6.6%	-
Net income ¹	670	299	788	727	1,005	1,459	1,367	945	429	1,177	979	1,089	1,591	2,155	1,982	1,558	1,578	1,780	1,880	1,154	1,455	1,527	1,106	1,185	-
Change	-	-55.37%	163.55%	-7.74%	38.24%	45.17%	-6.31%	-30.87%	-54.6%	174.36%	-16.82%	11.24%	46.1%	35.45%	-8.03%	-21.39%	1.28%	12.8%	5.62%	-38.62%	26.08%	4.96%	-27.58%	7.16%	-
Announcement Date	08/05/20	06/08/20	05/11/20	12/02/21	06/05/21	06/08/21	04/11/21	03/02/22	06/05/22	04/08/22	03/11/22	02/02/23	11/05/23	03/08/23	02/11/23	01/02/24	02/05/24	01/08/24	31/10/24	06/02/25	02/05/25	-	-	-	-

¹EUR in Million

Estimates

Forecast Balance Sheet: ING Groep N.V.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Announcement Date	12/02/21	03/02/22	02/02/23	01/02/24	06/02/25	-	-	-

Estimates

Cash Flow Forecast: ING Groep N.V.

Fiscal Period: December	2019	2020	2021	2022	2023	2024
CAPEX ¹	355	287	184	231	246	332
Change	-	-19.15%	-35.89%	25.54%	6.49%	34.96%
Free Cash Flow (FCF) ¹	-	-	-	-	-	-
Change	-	-	-	-	-	-
Announcement Date	05/03/20	11/03/21	01/03/22	10/03/23	08/03/24	06/03/25

¹EUR in Million

Estimates

Forecast Financial Ratios: ING Groep N.V.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	-	-	-	-	-	-	-	-	-
EBIT Margin (%)	-	36.76%	39.48%	39.67%	48.78%	46.4%	44.37%	44.78%	46.42%
EBT Margin (%)	-	21.6%	36.68%	29.64%	46.48%	41.12%	36.95%	38.47%	39.96%
Net margin (%)	-	14.09%	25.83%	19.79%	32.28%	28.26%	25.06%	26.31%	27.64%
FCF margin (%)	-	-	-	-	-	-	-	-	-
FCF / Net Income (%)	-	-	-	-	-	-	-	-	-
Profitability
ROA	-	0.27%	0.51%	0.38%	0.75%	0.64%	0.51%	0.58%	0.61%
ROE	-	4.8%	9.2%	7.2%	14.8%	13%	11.54%	12.62%	13.43%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	-	-	-	-	-	-	-	-	-
CAPEX / EBITDA (%)	-	-	-	-	-	-	-	-	-
CAPEX / FCF (%)	-	-	-	-	-	-	-	-	-
Items per share
Cash flow per share ¹	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-
Dividend per Share ¹	-	0.12	0.89	0.559	1.106	1.06	1.007	1.126	1.28
Change	-	-	641.67%	-37.19%	97.85%	-4.16%	-4.97%	11.73%	13.7%
Book Value Per Share ¹	-	14.01	14.28	13.79	15.32	16.25	16.76	17.93	19.31
Change	-	-	1.93%	-3.43%	11.09%	6.07%	3.16%	6.93%	7.71%
EPS ¹	-	0.64	1.23	0.99	2.05	1.98	1.875	2.191	2.535
Change	-	-	92.19%	-19.51%	107.07%	-3.41%	-5.31%	16.87%	15.67%
Nbr of stocks (in thousands)	-	3,900,168	3,807,624	3,583,002	3,367,006	3,101,921	2,978,803	2,978,803	2,978,803
Announcement Date	-	12/02/21	03/02/22	02/02/23	01/02/24	06/02/25	-	-	-