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20/05/2026 07:00
Trading update over the 1Q 2026TINC NV - Karel Oomsstraat 37, 2018 Antwerp, Belgium - T +32 3 290 21 73 - www.tincinvest.com Page | 1 Trading update over the 1Q 2026Antwerp, 20 May 2026, 7:00 a.m. CET Regulated information In addition to the reporting over the half-year and annual results, TINC will also provide a summary update on the (non-audited) figures and developments for the intervening quarters. This trading update relates to the first quarter of the financial year 2026 (non-audited figures as at 31 March 2026). Portfolio continues to grow towards € 1 billion The fair value of the investment portfolio amounts to € 722.7 million on 31 March 2026. In combination with the outstanding contractual investment commitments of € 123.2 million, the portfolio of TINC will grow over time to approximately € 846 million. TINC is therefore well on track to grow its portfolio towards € 1 billion. The investment portfolio currently includes 33 participations across Belgium, France, Ireland and the Netherlands. During the first quarter, TINC committed € 23 million to two new large-scale Belgian battery energy storage system (BESS) projects located in Ruien (Kluisbergen) and Langerlo (Genk), developed by Storm Group (Belgium). In addition, the divestment of the participation in Zelfstroom (the Netherlands) was completed. This transaction has no material impact on the fair value of the portfolio as included in the annual results on 31 December 2025. TINC effectively invested € 9.2 million under both outstanding and new investment commitments. These investments relate to the new participation Storm BESS (Belgium) and to the existing participations Higher Education Buildings (Ireland), Storm Wind Belgium (Belgium) and Yally (Belgium). Results in line with expectations The portfolio result for the past quarter amounts to € 17.1 million and corresponds to an annualised portfolio return of 9.56%. This results in a net profit of € 14.6 million or € 0.30 per share. Total cash receipts from the portfolio amount to € 16.9 million. Shareholders’ equity amounts to € 652.1 million or € 13.45 per share (€ 637.5 million or € 13.15 per share on 31 December 2025). TINC has a € 300 million revolving credit facility to fund its growth ambition Shortly after the end of the reporting period, TINC increased its existing revolving credit facility by € 100 million to € 300 million. As at 31 March 2026, € 72.6 million was drawn under this facility. This revolving credit facility will be used to meet outstanding contractual investment commitments and to fund new additional investments. The net debt position amounts to € 72.0 million on 31 March 2026. The reported results reflect the situation as per 31 March 2026 and do not constitute a guarantee of future performance or a forecast of future developments. TINC NV - Karel Oomsstraat 37, 2018 Antwerp, Belgium - T +32 3 290 21 73 - www.tincinvest.com Page | 2 Contact About TINC Source : Webdisclosure.com |
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