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Annual Report 2025

Financial position

In 2025, the net debt position increased by €930 million and amounted to €4,891 million at the end of 2025 (year-end 2024: €3,961 million).

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Annual Report 2025

Financial results

Net profit amounted to €289 million in 2025, which was €687 million lower than in 2024 (€976 million). In 2024, the sale of Alliander’s subsidiary Kenter resulted in a book profit of €757 million for the year 2024.

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Annual Report 2025

Five-year summary

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Annual Report 2025

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2022 Half-Year Report

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Annual Report 2025

General disclosures

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Annual Report 2025

Governance

As we strive to meet our social objectives, we aim to be a responsible partner in society. We act with integrity towards our employees, customers, value chain partners and shareholders, as well as the broader community in which we operate.

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Annual Report 2025

Governance and culture

Alliander’s management and supervisory function are organised based on Dutch law in a so-called ‘two-tier’ system made up of a Management Board consisting solely of executive directors and a Supervisory Board consisting solely of non-executive

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Annual Report 2025

IFRS

Alliander’s financial statements have been prepared in accordance with the International Financial Reporting Standards (IFRS) as at 31 December 2025, as adopted by the European Union (EU), and the provisions of Part 9, Book 2 of the Dutch Civil Code.

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Annual Report 2025

Incidental items

Alliander’s results can be affected by incidental items and fair value movements.

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Annual Report 2025

Independent auditor’s report

This auditor’s report is an unofficial translation of the original auditor’s report accompanying the original annual report 2025, both stated in Dutch.

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