Five-year summary

€ million

2025

2024

2023

2022

2021

Result

Revenue

3,273

3,043

2,725

2,150

2,120

Total income

3,397

3,881

2,779

2,213

2,181

Total operating expenses

-2,924

-2,772

-2,347

-1,903

-1,827

Operating profit

473

1,109

432

310

354

Profit after tax

289

976

267

198

242

Balance sheet

Net working capital

-80

-57

9

-90

-132

Property, plant and equipment

12,547

11,195

9,972

9,091

8,501

Total assets

14,163

12,956

11,646

10,692

10,209

Equity

6,203

6,038

4,749

4,570

4,470

Total interest-bearing debt

4,868

3,873

4,038

3,426

3,111

Total financing

11,071

9,911

8,787

7,996

7,581

Capital expenditure on non-current assets

2,115

1,773

1,411

1,228

1,014

Cash flows

Cash flow from operating activities

832

829

724

572

664

Cash flow from investing activities

-1,850

-679

-1,179

-1,175

-639

Cash flow from financing activities

829

102

494

184

301

Free cash flow

-1,018

150

-455

-603

25

Ratios

FFO/Net debt

15.0%

17.9%

21.1%

19.2%

25.8%

Solvency

49.3%

48.1%

46.1%

49.0%

53.8%

Shares (as at 31 December)

Number of shares issued (thousand)

136,795

136,795

136,795

136,795

136,795

Dividend to be paid

100

149

120

82

101

Other

Electricity

Active connections as at 31 December (x 1,000)

3,449

3,414

3,379

3,343

3,276

New connections (x 1,000)

44

45

45

45

43

Gas

Active connections as at 31 December (x 1,000)

2,506

2,521

2,535

2,549

2,539

New connections (x 1,000)

2

2

2

4

4

Volumes transported

Electricity (GWh)

48,376

46,542

39,838

25,651

27,262

Gas (million m³)

5,241

5,064

4,343

4,672

6,056

Percentage grid losses¹

4.17%

4.24%

4.43%

4.53%

4.21%

Other

Number of disconnections (consumer and business market)

1,825

3,004

5,895

5,791

3,210

Facilitated supplier switches (x 1,000)

993

872

745

526

918

Annual electricity outage Liander (minutes)

23.6

24.6

23.2

21.3

20.9

Average number of permanent staff (fte)

8,047

7,137

6,504

6,102

5,936