Velcan Holdings posts positive net income and stable portfolio value in 2025 amid global market volatility.

Velcan Holdings reported a positive net statutory income of EUR 1.3 million for 2025, reversing a loss of EUR 2.8 million in 2024, with a stable group portfolio value increasing slightly by 1% to EUR 136.3 million. The company managed a diversified portfolio, balancing cash, sovereign bonds, and equities mainly in Asia and Europe, while reducing exposure to gold and silver equities. Despite global trade tensions, geopolitical risks, and market volatility, Velcan maintained resilience and continued its long-term investment strategy. The company also completed a share buyback program in 2025 and plans to maintain a diversified and opportunistic approach going forward.