Financial results in 2024

Following the sale of Kenter in January 2024, almost 95% of Alliander’s income consists of regulated income of network operator Liander and 5% is from other sources, which includes income from rental of district heating networks and transformers, and income from the activities of other companies outside the regulated energy sector. Due to the funds received for the sale of subsidiary Kenter B.V., the ratio in 2024 is 70% regulated income and 30% other income. As a network operator, Liander will publish its own annual report on its performance in 2024. This annual report will appear in the second quarter of 2025.

The main expenditure relates to work maintaining and extending the electricity and gas networks and the operating expenses connected with all other activities. We invested €1.8 billion in 2024, mainly in the replacement and expansion of our networks. This investment equates to 35% of our total expenditure. Expenditure on operating expenses, such as procurement for network losses, TenneT’s transmission capacity and employee benefit expenses, accounts for 59% of our expenditure. Additionally, there is the dividend payable to our shareholders and the interest payments to the holders of the subordinated perpetual bond loan and other financiers. The dividend and interest payments for 2024 together amounted to 5% of our overall expenditure. The corporate income tax payment to the tax authorities in 2024 is 1% of our total expenses.