Indexa Capital Group, the parent company of Indexa Capital AV, Indexa Caravel and Bewater Asset Management SGEIC, which began trading on BME Growth on 12 July 2023, has released its results for the first quarter of 2026.
Indexa Capital Group closed the first quarter of 2026 with a net profit of €0.62 million.
Fee income reached €2.92 million, representing 41% year-on-year growth. Net profit margin stood at 21% in Q1 2026, compared to 24% in Q1 2025.
“The lower net margin in the first quarter of 2026 is mainly due to higher marketing investment, which has almost doubled compared to the same period in 2025. This investment enabled us to achieve a record of 13,000 new clients during the quarter. It is an investment that reduces profit in the short term, but will increase it over the coming years,” said François Derbaix, co-founder and co-CEO of Indexa Capital.
Unai Ansejo, also co-founder and co-CEO of Indexa Capital, highlighted that: “Fee income continues to grow at a solid and consistent pace, maintaining year-on-year increases of more than 40% — 41% last year and an average of 41% over the past three years.”
Indexa Capital Group begins the process to list on the Continuous Market
In addition, Indexa Capital Group has begun the process of moving to the Mercado Continuo.
On 30 April, the company’s Board of Directors agreed to initiate the necessary procedures with CNMV, Iberclear and the stock exchanges of Madrid, Barcelona, Bilbao and Valencia to request the admission to trading of all its shares on the Continuous Market, their incorporation into the SIBE, and the simultaneous delisting from BME Growth.
The company frames this decision within its growth strategy, with the aim of strengthening its visibility in the markets, improving the liquidity of its shares and broadening its investor base. The transaction remains subject to compliance with all applicable legal and regulatory requirements, as well as the relevant approvals.
About Indexa Capital Group
Indexa Capital Group is the parent company of Indexa Capital AV, which accounts for 97% of the group’s revenues, as well as Indexa Caravel and Bewater Asset Management SGEIC.
The group was founded in 2015 by Unai Ansejo, François Derbaix and Ramón Blanco, professionals with extensive experience in markets, investments and internet businesses, and is supported by high-profile advisors such as Luis Martín Cabiedes, Manuel Conthe, Pedro Luis Uriarte and Yves Perrier.
Indexa Capital AV is Spain’s leading independent portfolio manager, with more than €5 billion in assets under management or advisory and over 150,000 clients. It offers discretionary portfolio management services for investment funds, pension plans, EPSV pension schemes (for residents in the Basque Country), occupational pension plans and life-risk insurance products.
Indexa Caravel ( also https://www.getcaravel.fr/ )
is the French insurance broker specialised in distributing savings insurance products in France, including life insurance savings products and PER (Plan d’Épargne Retraite).
Bewater Asset Management SGEIC is Spain’s leading single-investor fund management company.
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