Netherlands' Vopak FY 2025 net profit rises 61% on reversal of impairment charges

Reuters
02/25
Netherlands' Vopak FY 2025 net profit rises 61% on reversal of impairment charges

Overview

  • Netherlands storage firm's FY 2025 net profit rose 61% to EUR 604 mln

  • EPS for FY 2025 rose 68% to EUR 5.23

  • Company announced EUR 1.7 bln shareholder distributions program through 2030

Outlook

  • Vopak plans EUR 4 bln investment by 2030 in infrastructure projects

  • Company announces EUR 1.7 bln shareholder distribution program through 2030

  • Vopak targets annual dividend increase of 5% or more

Result Drivers

  • EXCEPTIONAL ITEMS - Net profit increase driven by EUR 181 mln reversal of impairment charges at Europoort and EUR 113 mln dilution gain from AVTL joint venture listing

  • CASH FLOW GENERATION - Strong cash flow generation supported by long-term contracts and stable performance in gas and industrial terminals

  • GROWTH STRATEGY - Investments in gas and industrial infrastructure in Canada, Colombia, India, and the Netherlands contributed positively

Company press release: ID:nGNE4dv912

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

FY Revenue

EUR 1.30 bln

FY EPS

EUR 5.23

FY Net Income

EUR 604 mln

FY Dividend

EUR 1.80

FY EBITDA

EUR 1.18 bln

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the oil & gas transportation services peer group is "buy"

  • Wall Street's median 12-month price target for Koninklijke Vopak NV is €48.75, about 12.1% above its February 24 closing price of €43.50

  • The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 11 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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