Gimv: H1 profit down - fundraising ahead

(CercleFinance.com) - Gimv said on Thursday that it was starting preparations for a forthcoming capital increase to accelerate its growth and value creation strategy, an announcement that was welcomed by the market.


This morning, the Belgian investment company reported a net profit of E144.9m for H1 2024/2025 to end-September, down from E158.2m a year earlier.

NAV rose to E55.6 per share, compared with E53.4 a year earlier.

Its portfolio - now made up of 62 companies - is now valued at a record E1.7bn, compared with E1.55bn at 30 September 2023, corresponding to a return of 12% over the past six months.

Its net cash position stood at E310.3m at end-September, compared with E346.8m a year earlier.

In its press release, Gimv said it was considering a possible capital increase in the coming months, with the stated aim of doubling the size of its portfolio over time.

The company says it will provide the market with further details of the planned operation at its next investor day, scheduled for 22 January.

On the Brussels stock exchange, these announcements were well received by investors, with the share price up by more than 4% at the end of the morning.


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