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 (19.05.2026):
Brederode S.A. — financial year ended 31 December 2025 (full‑year 2025): the company reported a net profit of €124.40 million for FY2025, with earnings per share of €4.25 and shareholders’ equity per share (NAV) rising to €144.24. Results were driven by strong performance in the listed securities portfolio but materially hurt by a Private Equity loss largely attributable to the significant depreciation of the U.S. dollar versus the euro. The Board proposes a €1.46 per‑share distribution to the AGM (May 13, 2026).
Key results
Net profit: €124.40m (FY2025) versus €413.26m (FY2024). EPS: €4.25 (2025) vs €14.10 (2024). NAV per share: €144.24 (end‑2025) up from €141.36 (end‑2024).
Private Equity
Private Equity posted a net loss of €105.42m in 2025 (vs a €295.89m profit in 2024). Management attributes the decline mainly to adverse USD→EUR exchange‑rate effects; performance excluding currency effects was positive but below expectations. Private Equity carrying value: €2,653.21m.
Listed securities
Listed portfolio delivered a profit of €234.37m (2025), benefiting from equity market strength—notably technology and AI‑exposed names—and dividends of €29.43m. Listed portfolio value: €1,565.91m.
Balance sheet & liquidity
Total shareholders’ equity: €4,226.92m. Net cash position of €19.62m at year‑end (improved from net debt €69.91m a year earlier). Confirmed credit lines remain €350m.
Shareholder return & dividend
Board proposes €1.46 per share distribution to AGM (would be a 6.6% increase versus prior distribution and the 23rd consecutive annual increase). Amounts distributed to shareholders in 2025: €40.15m (adjusted per‑share distribution paid in May 2025: €1.37).
Market performance
Brederode market cap: €3,130m (end‑2025). Share price fell to €106.80 (down 3.8% in the year); total return including the €1.37 distribution was −2.6% for the year.
Key ratios & long‑term performance
Return on Equity: 3.0% (2025) vs 10.4% (2024). Ten‑year IRR on shareholders’ equity: 11.8%; five‑year IRR: 10.8%.
Governance & outlook
Board proposes management succession: Dimitri van der Mersch to join the Board and, with Nicolas‑Louis Pinon, assume day‑to‑day management. Outlook: cautious optimism—stabilising monetary conditions and improved PE financing seen as supportive, while geopolitical risks and valuation levels warrant vigilance.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
3424 M
Market cap (USD)
2,481
Daily traded volume (Shares)
111.2 / 109.4
1 day high/low (USD)
52 weeks high/low (USD)
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Ratings & reviews
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