Euronext (ENX) AGM 2025 summary

Opening remarks and agenda

• The AGM was held on 15 May 2025, focusing on 2024 performance and future strategy, with all key board members, nominees, and the external auditor present; 84.85% of issued capital was represented and voting rights confirmed.

Financial performance review

• FY 2024 revenue grew 10.3% to €1,626.9m, with adjusted EBITDA up 16.4% to €1,006.4m and a margin of 61.9%.

• Adjusted net income rose 16.7% to €682.5m, with adjusted EPS at €6.59.

• Non-volume revenue comprised 58% to nearly 80% of total, reflecting diversification and strong growth in custody, settlement, data services, and listings.

• Net operating cash flow totaled €708.6m for the year.

• Share price since IPO increased by 740%, with €1.7 billion returned via dividends and €500 million via share buybacks.

Dividend announcements

• A dividend of €2.90 per share was proposed and adopted, up 16.9% from the previous year, maintaining a 50% payout ratio; total proposed dividend for 2024 was €292.8m, a 14.0% increase, subject to shareholder approval.

• Dividend payout policy set at 50% of reported net income, with potential for special returns.