Caixa Geral de Depósitos (CGD) reported record 2025 profits of about €1.9 billion, up roughly 10% year‑on‑year, and will pay a historic €1.25 billion dividend to the State. The bank said an extraordinary gain linked to the sale of its stake in Águas de Portugal helped lift results. The payout equals roughly two‑thirds of profits and will bolster state receipts for 2026; investors and anyone monitoring public finances should note the scale and one‑off nature of the gain.
CGD posts record €1.9bn profit, pays €1.25bn dividend
Thursday, 26 February 2026AI summary
Context & Explainers
Caixa Geral de Depósitos is Portugal’s largest state-owned bank and a major retail and corporate lender. In 2025 it posted a 10% profit increase — helped by selling its stake in Águas de Portugal — and will pay a €1.25 billion dividend to the State, which can affect public finances and confidence in the banking sector.
Águas de Portugal (Water of Portugal) is the state-owned group that manages water supply and wastewater services across much of Portugal and is commonly known as AdP. Its recent agreement with unions for a €75 salary increase this year affects its workforce and may reduce the risk of industrial action; residents should watch for any planned service notices or changes in local water management.
Sources (6)
- Caixa profits 1.9 billion and gives 1.25 billion to the StateObservador · 4:39pm, 26 Feb 2026
- CGD sets a new profit record and distributes the largest dividend in history: €1.25 billionPúblico · 4:48pm, 26 Feb 2026
- CGD reports record profits of 1.904 billion euros in 2025RTP Notícias · 4:59pm, 26 Feb 2026
- CGD profits soar to €1.9 billion and the bank pays a €1.25 billion dividend to the StateExpresso · 5:19pm, 26 Feb 2026
- Caixa Geral de Depósitos reports historic profits of nearly two billion euros in 2025CNN Portugal · 4:59pm, 26 Feb 2026
- Caixa reports record profit of €1.9 billion in 2025ECO · 4:40pm, 26 Feb 2026
