New Amsterdam Invest (NAI) H2 2025 earnings summary

Executive summary

• Achieved operational result of €9.4 million for 2025, with net rental income of €11.9 million and profit after tax of €3.9 million, €2.5 million attributable to shareholders.

• Distributed €0.45 per share in dividends, totaling €2.4 million.

• Completed a €10.97 million two-year loan financing initiative to support property acquisitions.

• Acquired Fairfax Center in January 2026 for $11 million, not included in 2025 financials.

Financial highlights

• Rental income for 2025 was €18.5 million, up from €11.3 million in 2024.

• Net rental income rose to €11.9 million from €7.7 million year-over-year.

• Result before tax was €4.8 million, down from €6.2 million in 2024, impacted by negative valuation differences of €0.4 million (vs. €2.8 million positive in 2024).

• Earnings per share reached €0.47, up from €0.45 in 2024.

• Total investment property at year-end valued at €118 million.

• Cash generated from operations was €9.3 million.

Outlook and guidance

• Net rental income for 2026 expected at €13.7 million.

• Operating result before tax for 2026 projected at €6.8 million, including Fairfax Center but excluding valuation and exchange differences.

• Continued focus on stable growth and annual dividend payout.