TINC Announces Robust Financial Performance for Extended 18-Month Fiscal Year 2022-2023

TINC reported impressive results for its 18-month fiscal year ending December 2023, with a net result of €50.9 million, equating to €1.40 per share. This achievement underscores the strong performance across its investment segments, notably in the Bioversneller business service center and the Dutch fiber company GlasDraad BV partnership.

The company achieved its highest investment activity, committing €171.5 million to new endeavors and effectively investing €117.4 million. This marks a significant milestone for TINC, demonstrating its strategic focus and efficient capital deployment. In recognition of these strong results, TINC proposes a €0.84 per share distribution to shareholders.

Investments followed four societal trends, focusing on a low-carbon society, public infrastructure upgrade, digitalization, and health and well-being. TINC's diverse and future-oriented portfolio reflects its commitment to societal value and shareholder profit. The investment strategy continues to support TINC's growth ambition, with outstanding contractual investment commitments promising future portfolio expansion.

The investment portfolio grew to 28 participations, with a net increase in fair value by 12.7% from the previous year. This growth is attributed to investments, divestments, and increased portfolio valuation, showcasing TINC's adept portfolio management and strategic focus.

TINC maintains a solid financial foundation for future investments, with €27.4 million in cash and access to €150 million in credit facilities. This robust financial position ensures TINC's capability to meet future investment commitments and sustain its growth trajectory.