Springvest (SPRING) H2 2024 earnings summary

Executive summary

• Achieved record financial results in 2024, with significant growth in revenue, profitability, and portfolio exits.

• Facilitated €64 million in growth company financing, up 73% year-over-year.

• Attracted 2,000 new investor clients and expanded the shareholder base by 50%.

• Portfolio included 37 growth companies at year-end, with five successful exits or IPOs.

Financial highlights

• Revenue for 2024 was €6.9 million, up 83% from €3.8 million in 2023.

• Operating profit reached €2.0 million (margin 30%), up from €0.5 million (margin 14%) in 2023.

• Net profit was €1.6 million, a 350% increase from €0.4 million in 2023.

• Net proceeds from portfolio exits totaled €1.7 million.

• Distributed €0.36 per share in dividends and €0.09 per share in capital returns during 2024.

Outlook and guidance

• 2025 revenue expected to remain near 2024's record level, with operating margin close to the long-term target of 20%.

• Aims to add at least €5 million in portfolio company shares annually and arrange €1 billion in growth financing by 2035.

• Dividend policy targets payout of at least 80% of annual profit and exit proceeds.