Financière de Tubize (TUB) H2 2024 earnings summary

Executive summary

• Profit for the financial year reached €90.1 million, up 2.2% from €88.2 million in 2023.

Financial highlights

• Profit increased by 2.2% year-over-year to €90.1 million.

• Proposed gross dividend of €1.04 per share, up 7.2% from €0.97 in 2023.

Capital allocation and financing

• Outstanding bank borrowings reduced from €79.2 million at end-2023 to €41.3 million at end-2024.

• Acquired 53,706 UCB shares, raising the holding from 36.24% to 36.27% during 2024.