Annual report
2024
Creating sustainable value by investing in the infrastructure for the world of tomorrow
Key Figures
Equity (NAV)
506
(in million €)
Fair value (FV) portfolio
512
(in million €)
Portfolio result
51
(in million €)
Net result
42
(in million €)
Equity per share
€ 13.93
Weighted average discount rate
8.40%
Portfolio return
10.84%
Net result per share
€ 1.17
Another strong investment year
We are proud to present the annual report of TINC for the financial 2024, a year in which our strategic investments and operational commitment were again rewarded with outstanding results.
These results validate 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.
Philip Maeyaert
Chairman of the Supervisory Board
Manu Vandenbulcke
CEO
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-beingn
TINC invests in four segments
Public
Infrastructure
Energy
Infrastructure
Digital
Infrastructure
Social
Infrastructure
TINC invests in project and corporate infrastructure
Project
Infrastructure
- Capital-Intensive activities
- Defined in time, growth perspectives and financial commitments
- Value creation from recurring cash receipts
- Finite life span with no or limited upward potential
Corporate
Infrastructure
- Capital-intensive activities
- Focus on organic growth or growth through acquisitions
- Value creation from recurring cash receipts and growth
- Growth potential
Downloads
Download the annual report 2023-2024
