Brederode S.A.
BREB
ISIN LU1068091351 / Valor 24552426
Brederode S.A.
UMushroom community rating:
About company
Brederode S.A. is an investment company publicly traded on the Brussels Euronext and Luxembourg Stock Exchanges. The company focuses on creating long-term value for its shareholders through a diversified portfolio comprising two main sectors: private equity investments and listed securities. The private equity segment involves investing in unlisted companies, offering the potential for higher returns compared to traditional stock market investments. Meanwhile, the listed securities portfolio serves as a financial reserve to support private equity ventures, managed with a focus on maintaining a balance between defensive strategies and the pursuit of profitability, liquidity, and growth. This dual approach allows Brederode to leverage the strengths of both private and public market investments to achieve its financial objectives.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (19.09.2026):
Brederode S.A. — Q2 2026 (half‑year ended 30 June 2026): Brederode reported a strong half‑year result with net income of €347.64 million for the period, shareholders’ equity of €4,531.77 million (€154.64 per share), and a 9.2% increase in equity in H1 2026 despite a €1.46 per‑share distribution in May. The listed securities portfolio contributed €291.47 million and the Private Equity portfolio €58.10 million to the half‑year profit — the largest half‑year profit since 2021.
Profit & equity
Net income: €347.64m; Total shareholders’ equity: €4,531.77m; Equity per share: €154.64; Result per share: €11.86; Return on average equity: 7.9%.
Portfolio performance
Listed securities gain (incl. dividends): €291.47m (listed portfolio value €1,852.26m at 30/06/2026; net dividends €16.46m). Private Equity gain: €58.10m (Private Equity value €2,694.55m). Combined portfolio performance drove the positive result.
Drivers of performance
Sharp Q2 uplift in listed holdings as AI enthusiasm extended beyond tech into power generation and industrials; strong contributors include Alphabet, Samsung (GDR) and Intel. Private Equity benefited from US dollar appreciation, though older vintages show uneven maturation and slower distributions.
Distributions & market metrics
Partial distribution paid 20 May 2026: €1.46 per share (total €42.79m). Share price at 30/06/2026: €104.60 (‑2.1% over period); market capitalization €3,065m; total return over the period (including distribution): ‑0.7%.
Liquidity & financial structure
Positive net cash position of €3.11m at period end (down from €19.62m at year‑end 2025). Confirmed credit lines unchanged at €350m. Total assets €4,578.70m; current liabilities include short‑term debt €23.39m and payables linked to financial asset purchases €19.19m.
Private Equity exposure & commitments
Uncalled commitments increased to €1,341.08m (from €1,192.12m). Top GPs by exposure include EQT, Carlyle/AlpInvest, HIG, Ardian and PSG; the top 25 GPs represent ~73% of total commitments. Valuations are based on GP reports and cover ~90% of the PE portfolio (unaudited).
Outlook
Brederode reiterates a long‑term, selective investment approach. Management notes that future results will depend on the macro environment, interest rates and geopolitics, and flags caution on rapid AI‑related valuation rises while prioritizing portfolio quality and liquidity.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
3226 M
Market cap (USD)
10,364
Daily traded volume (Shares)
111.2 / 109.4
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
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Est dividend yield
P/E ratio
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EPS (USD)
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Ratings & reviews
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