Creating sustainable value by investing in the infra­structure for the world of tomorrow

Key Figures

Equity (NAV)

638

(in millions of €)

Equity per share

€ 13.15

Net result

41

(in millions of €)

Net result per share

€ 0.84

Fair value (FV) portfolio

713

(in millions of €)

Weighted average
discount rate

9.19%

Portfolio result

51

(in millions of €)

Portfolio return

10.03%

Diversified investing again leads to excellent annual results

We are proud to present the annual report of TINC for the financial year 2025, a year of outstanding results in which our growth objective took shape.

These results reinforce our motto: ‘creating sustainable value by investing in the infrastructure for the world of tomorrow’. Indeed, our investments in forward looking infrastructure create tangible and sustainable value – for society as well as for our shareholders. For the ninth year in a row, TINC succeeds in increasing the distribution to its shareholders.

Philip Maeyaert

Chair of the Supervisory Board

Manu Vandenbulcke

CEO

Read the letter to our shareholders

About TINC

TINC participates in companies that build and operate infrastructure. TINC aims to create sustainable value by investing in the infrastructure for the world of tomorrow.

TINC is inspired by significant societal trends

Low-carbon World

Digitalisation

Building Back Better

Care and Well-being

TINC is inspired by significant societal trends

Low-carbon World

Digitalisation

Building Back Better

Care and Well-being

TINC invests in four segments

Public
Infrastructure

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Energy
Infrastructure

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Digital
Infrastructure

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Social
Infrastructure

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TINC invests in four segments

focusgebieden Tinc Mobiel

Public
Infrastructure

Energy
Infrastructure

Digital
Infrastructure

Social
Infrastructure

TINC invests in project and corporate infrastructure

Sustainability

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Governance

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Results

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Downloads

Download the annual report 2025

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