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Two Blokes Jul 30 -
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The Netherlands, 30 July 2025 Vopak reports strong HY1 2025 results driven by a resilient portfolio and is increasing FY 2025 outlook Key highlights HY1 2025 Improve Net profit -including exceptional items- in HY1 2025 of EUR 319 million and EPS of EUR 2.74, increased by 58% year-on-year Proportional EBITDA -excluding exceptional items1- in HY1 2025 of EUR 615 million an increase of 3% year-on-year Successful listing of our joint venture AVTL in India, generated a EUR 111 million exceptional gain Successfully completed share buyback program of EUR 100 million in July Increasing FY 2025 outlook driven by resilient portfolio performance, offsetting negative currency translation effects Grow Construction of LPG terminal in Canada progressing well, and expanding RIPET terminal infrastructure AVTL is developing the first independent ammonia storage terminal in India Commissioned multiple expansions in India, totalling 260k cbm of LPG capacity in Mangalore and Pipavav Accelerate Investment decision taken at PT2SB terminal in Malaysia to expand capacity by 272k cbm to store biofuels Entering FEED phase of an ammonia terminal at our Vopak Energy Park Antwerp Signed joint development agreement with IHI corporation to establish a joint venture for the development and operation of an ammonia terminal in Japan Q2 2025 Q1 2025 Q2 2024 In EUR millions HY1 2025 HY1 2024 IFRS Measures -including exceptional items- 322.6 328.9 325.5 Revenues 651.5 653.7 218.8 99.8 106.7 Net profit / (loss) attributable to holders of ordinary shares 318.6 212.5 1.89 0.85 0.88 Earnings per ordinary share (in EUR) 2.74 1.73 189.9 305.9 239.1 Cash flows from operating activities (gross) 495.8 517.9 - 159.1 -137.5 -153.2 Cash flows from investing activities (including derivatives) - 296.6 -264.3 Alternative performance measures -excluding exceptional items- 1 493.7 488.4 475.5 Proportional revenues 982.1 953.4 315.4 299.9 301.6 Proportional group operating profit / (loss) before depreciation and amortization (EBITDA) 615.3 599.4 254.8 236.2 252.1 Group operating profit / (loss) before depreciation and amortization (EBITDA) 491.0 487.1 117.1 97.8 120.8 Net profit / (loss) attributable to holders of ordinary shares 214.9 226.6 1.01 0.84 0.99 Earnings per ordinary share (in EUR) 1.85 1.84 Business KPIs 35.8 35.6 34.7 Storage capacity end of period (in million cbm) 35.8 34.7 20.4 20.4 20.1 Proportional storage capacity end of period (in million cbm) 20.4 20.1 91% 91% 92% Subsidiary occupancy rate 91% 92% 91% 92% 92% Proportional occupancy rate 92% 92% Financial KPIs 1 17.0% 16.8% 16.4% Proportional operating cash return 16.9% 16.7% 2,735.8 2,524.7 2,571.6 Net interest-bearing debt 2,735.8 2,571.6 2.54 2.21 2.28 Total net debt : EBITDA 2.54 2.28 1.93 1.95 1.80 Proportional operating free cash flow per share (in EUR) 3.88 3.63 2.65 2.55 2.67 Proportional leverage 2.65 2.67 Sustainability performance 2 Total Injury Rate (TIR), per 200,000 hours worked 0.22 0.15 Lost-time Injury Rate (LTIR), per 200,000 hours worked 0.12 0.11 Process Safety Event Rate (PSER), per 200,000 hours worked 0.09 0.07 Total GHG emissions - Scope 1 & 2 (metric tons) 94.7 111.3 Percentage women in senior management positions 22.4% 20.0% CEO message “In the first half of 2025, the financial performance of our global network was strong as we continued to benefit from the resilience of our portfolio, and we achieved important milestones in our strategy execution. In India, our joint venture AVTL is now publicly listed, which is unlocking its value and providing funds for future growth such as the recently announced development of India's first independent ammonia terminal.
