Press release

Antwerp, May 22nd, 2025, 7:00 AM CET, Regulated information




Second consecutive year with record results
Gimv invests, grows and realizes value
◼ Continued double-digit growth at our companies in combination with significant value
realisation leads to a record portfolio result of more than 300 mio EUR (a portfolio return of 19.3%)

◼ A record net profit of 219 mio EUR (net return on equity of 14.7%)

◼ Equity value per share at 53.3 EUR (after the impact of the capital increase)

◼ Considerable step-up in investment level to 336 mio EUR

◼ All-time high cash means available for investments in existing and new portfolio companies



CEO Koen Dejonckheere:
“The past year was a transformative year of ambition and growth for Gimv. Our companies again
grew double-digit, both in turnover and profitability, and we realized 5 successful exits with significant
capital gains. This resulted in a strong portfolio result, for the second year in a row well above target.
We stepped up our investments to more than 300 mio EUR and welcomed 8 new companies, across
various countries and platforms. We realized a record net profit, representing 7.5 EUR per share or a
14.7% net return on equity. At the end of March 2025, Gimv's net asset value per share amounted to
53.3 EUR. We propose a dividend of 2.6 EUR per share for the 2024-25 financial year.

Following the entry of WorxInvest as our new reference shareholder, we announced an acceleration
of our growth strategy with the ambition to become a leading listed European mid-cap private equity
investor. We aim to realise this by doubling the size of our portfolio, raising our portfolio return target
and extending our investment horizon. We want to unlock extra value by anchoring companies with
strong long-term growth potential. We are delighted to collaborate with WorxInvest on this Anchor
approach and have welcomed Cegeka as Anchor's first investment.”

Chairman Filip Dierckx:

“Over the past year we have ensured that Gimv is well positioned to cope with the challenges and
to capitalize on the opportunities that the current uncertain market circumstances offer. Our solid
and performing portfolio, our ambitious growth strategy and our significantly strengthened capital
base bolster Gimv’s capacity to capture the momentum in the current complex and volatile markets.
We are confident that this is a strong basis to realize the targets we have set ourselves in our growth
strategy.”




Gimv NV - Karel Oomsstraat 37, 2018 Antwerp, Belgium - T +32 3 290 21 00 - www.gimv.com 1
Antwerp, May 22nd, 2025, 7:00 AM CET, Regulated information Press release



Consolidated key figures (Financial Year 2024-2025)
Results FY 2024-2025 FY 2023-2024
Sales growth portfolio companies 12.7% 14.9%
Ebitda growth portfolio companies 14.7% 20.3%
Portfolio result (mio EUR) 300.2 291.1
Portfolio return % 19.3% 19.1%
Net result (mio EUR) 219.0 217.1
Net return % 14.7% 16.5%
Net result/share (on a weighted basis) 7.5 7.8
Balance sheet FY 2024-2025 FY 2023-2024
Investments (mio EUR) 336.1 115.8
Exit proceeds (mio EUR) 560.0 364.6
Portfolio (mio EUR) 1,623.3 1,559.0
NAV (mio EUR) 1,906.8 1,489.3
NAV/share 53.3 53.4
Available liquidity (mio EUR) 668.8 346.8

The results for financial year 2024-2025 relate to the consolidated figures for the period from 1 April 2024 to 31 March 2025.


Notes to consolidated figures
profitability even grew stronger with 14.7%, giving
Continued strong growth performance at our evidence of rising margins further to last year’s strong
companies margin recovery. More than half of the profitability growth
resulted from organic expansion. The strong growth
◼ 12.7% total sales growth in our portfolio,
performance of our companies continues to be the key
combined with some further increase in
contributor to the positive valuation evolution of our
margins (+14.7% increase in operating portfolio.
profitability)
As was already the case in the first half of the year,
◼ Portfolio result of 300.2 mio EUR profitability growth was most outspoken in the Sustainable
(19.3% portfolio return) Cities and Healthcare platforms. Due to the important
◼ Net profit of 219 mio EUR or 7.5 EUR per share slowdown in the European manufacturing industry, the
Smart Industries platform started to notice some margin
Our companies again delivered an excellent growth contraction throughout 2024, but still could realise
performance over the past year. Overall, they have been double-digit growth.
able to increase their sales with 12.7%, while the operating


Revenue growth per platform (in mio EUR) Ebitda growth per platform (in mio EUR)




Gimv NV - Karel Oomsstraat 37, 2018 Antwerp, Belgium - T +32 3 290 21 00 - www.gimv.com 2
Press release




This continued solid growth shows the financial, economic The strong performance of our companies in 2024,
and strategic strength of our portfolio. We look forward combined with the considerable capital gains realised on
with confidence that our portfolio remains the engine of a number of successful exits, have led to a record
investment in innovation and of value creation for Gimv portfolio result of 300.2 mio EUR, or a portfolio return of
and its shareholders. Gimv is committed to use the 19.3%, again well above our annual portfolio return
different levers of value creation, further strengthened by target. The portfolio return on the platform portfolio was
the new Anchor approach, which will enable us to even higher at 20.9%.
confront an industrial slowdown in Europe and sluggish
consumer consumption. Based on the current situation The average Ebitda multiple used to measure the fair
and internal analysis, the US tariff policy is not expected value of our companies under IFRS increased from 8.6x at
to have a sizeable impact across the Gimv portfolio. We the end of March 2024 to 9.2x at the end of March 2025
trust that our companies are experienced and agile to do mainly as a result of a change in the composition of the
the necessary to steer their performance through an era underlying portfolio. Hence, the positive valuation result
of many uncertainties by adapting their operations and was almost exclusively determined by the strong
product/market combinations. operational results of our portfolio companies.




Total Portfolio Return

27,0%


20,1% 20,4%
18,8% 19,1% 19,3%
15,6% 16,2%




2015-2016 2016-2017 2017-2018 2018-2019 2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025
-0,2%
-10,3%




In the past fiscal year, the success of our strategic value Strong increase in investments to a level of
creation was confirmed by the significant capital gains more than 300 mio EUR
on a number of exits, especially since these occurred in a
continuously challenging economic context and a still ◼ Considerable step-up in investment activity
selective European private equity market. The total
◼ In an intensive exit year, portfolio value grows
realized result (net capital gains and dividends) earned
towards more than 1.6 bln EUR
over the financial year 2024-25 amounts to 191.4 mio EUR.
In line with the accelerated growth ambitions, Gimv
Thanks to the strong portfolio result, Gimv’s net profit for
considerably increased its investment rhythm to further
the financial year 2024-2025 amounts to 219 mio EUR
expand its portfolio. During the past financial year, 336.1
(slightly above the record result of last year of 217.1 mio
mio EUR was invested (versus 115.8 mio EUR in the previous
EUR) or 7.5 EUR per share (on a weighted basis). This
year). This included an investment of 267 mio EUR in new
translates into a net return on equity of 14.7%.
and roll-over portfolio companies. We welcomed eight



Gimv NV - Karel Oomsstraat 37, 2018 Antwerp, Belgium - T +32 3 290 21 00 - www.gimv.com 3
Antwerp, May 22nd, 2025, 7:00 AM CET, Regulated information Press release




new companies in our portfolio: Tibbloc (SC; FR), The Total proceeds from the sale of portfolio companies in the
Spice Factory (CO; BE), SMG (SI; DE), ILC (HC; FR), Kivu financial year 2024-2025 amounted to 560 mio EUR,
Bioscience (LS; USA/NL), Robojob (SI; BE), Lupine (CO; DE) significantly above the substantial exit proceeds of the
and Curana (CO; BE). In addition, we realized two roll- previous financial year (364.6 mio EUR). The exit proceeds
over investments: Liveo Gruppe (from Medi-markt - HC; of the fiscal year 2024-2025 include the proceeds of the
DE) and Acceo (SC; FR). Furthermore, strategic buy-and- exit of 25% of Gimv’s stake in Anchor (Cegeka) and 50%
build and add-on investments took place for a total of Gimv’s stake in Infravest, both to WorxInvest.
amount of 69 mio EUR, amongst others at Projective (SC;
BE), Fronnt (SC; BE) and several Life Sciences companies.



Portfolio growth (in mio EUR)


1.623
1.523 1.559
1.449

1.233
1.082
1.014 1.017
964 960




03/2016 03/2017 03/2018 03/2019 03/2020 03/2021 03/2022 03/2023 03/2024 03/2025




Five participations were sold during the fiscal year 2024-
2025 (Mega, United Dutch Breweries, Köberl, rehaneo
Portfolio composition (in mio EUR)
and Medi-markt). This had a total cumulative impact of
170 mio EUR on the result and 377 mio EUR on the cash
1.623
position. The sold participations had a total book value of 1.559
54
199.8 mio EUR as at 31 March 2024. Over the full term, the 95 165 Infra and other
proceeds from the sale of these companies represented 300
2.4 times the original investment amount (resulting in a 331 Anchor

realised IRR of 14%). Despite the high level of exits, Gimv’s Sustainable Cities
total investment portfolio increased with more than 4% to 495 382
a level above 1.6 bln EUR at the end of March 2025. Smart Industries

131 134 Life Sciences
The investment portfolio consists of 61 participating
273
interests, well distributed across the five platforms, Anchor 311 Healthcare

and the four countries. Consumer
227 284

31/03/2024 31/03/2025




Gimv NV - Karel Oomsstraat 37, 2018 Antwerp, Belgium - T +32 3 290 21 00 - www.gimv.com 4
Antwerp, May 22nd, 2025, 7:00 AM CET, Regulated information Press release




Successful capital increase strengthens The board of directors has also decided to offer the
balance sheet and provides liquidity for company’s shareholders a choice between receiving the
growth acceleration dividend in the form of new ordinary shares, cash or a
combination of both. The modalities of the distribution via
◼ Successful capital increase strengthening the optional dividend will be published after the general
equity position with almost 250 mio EUR meeting of 25 June 2025.

◼ Net equity value per share at 53.3 EUR (after Sustainability
the impact of the capital increase)
In a context of evolving European regulations, Gimv
◼ Record available liquidity to invest in current remains focused on the essentials of sustainability.
and new portfolio companies
In terms of climate, Gimv as a company is continuing its
In February 2025, Gimv successfully realized an important own CO2 reduction program with a 46.5% reduction at
capital increase in support of its accelerated growth the end of FY 2024-25 in its own scope 1 & 2 emissions
strategy. Via a rights issue, Gimv could raise a net amount compared to the base year. Gimv continues to actively
of 243 mio EUR of additional capital. support portfolio companies to start measuring their own
CO2 emissions and to formulate reduction targets. Today,
Adjusting for the impact of this capital increase and 33% of surveyed portfolio companies has formulated such
taking into account the dividend (2.60 EUR per share) for targets, demonstrating an increasing climate maturity.
the previous financial year 2023–2024 and the strong net
profit for the financial year 2024-2025 (7.5 EUR per share), With well over 20,000 employees, it is key that the portfolio
the net equity value grew with 14.6% (on a like-for-like companies remain attractive and forward-looking
basis) to 53.3 EUR per share at the end of March 2025. employers able to attract and retain the right talent by
Gimv’s total net equity value amounts to 1,906.8 mio EUR. creating a committed, safe, and pleasant working
environment in which everyone can thrive. This translates
Thanks to the significant capital increase and the into rising maturity levels in terms of both employee
continued portfolio rotation generating important exit engagement and health & safety.
proceeds, Gimv’s liquidity position and hence its
investment capacity was considerably strengthened Given the importance, cybersecurity is recognized as a
during the past financial year to a level of 668.8 mio EUR separate material issue in Gimv's sustainability approach,
at the end of March 2025. This provides record cash both at the level of the own organization and through
means to invest in existing and new portfolio companies integration into the value protection and creation
and to accelerate the rollout of Gimv’s growth strategy. approach towards the portfolio.

Gimv’s liquidity is partly financed by long-term bonds (350 Gimv is pleased that this approach has also been
mio EUR). Gimv also has 210 mio EUR of undrawn credit recognized by Sustainalytics in the form of a sustained low
lines at banks. ESG risk rating and top-rated labels at sector and
Confirmation of dividend of 2.60 EUR per share geographical level, solid scores under the Principles of
Responsible Investment, and continued valuable
On 20 May 2025, the board of directors decided to interaction with CDP on climate.
propose paying a gross dividend of 2.60 EUR per share
(unchanged compared to the previous year) at the
ordinary general meeting on 25 June 2025. This dividend
is consistent with Gimv’s dividend policy of not reducing
the dividend – other than in exceptional circumstances –
and increasing it sustainably, whenever possible.
Including this dividend, the average pay-out ratio over
the past 10 years amounted to 63% of the net profit. Over
the past 5 years, slightly less than half of the net profit was
paid out as a dividend (pay-out ratio of 49%).



Gimv NV - Karel Oomsstraat 37, 2018 Antwerp, Belgium - T +32 3 290 21 00 - www.gimv.com 5
Antwerp, May 22nd, 2025, 7:00 AM CET, Regulated information Press release




Other significant events during financial year Key events after 31 March 2025
2024–2025
• The valuation of our portfolio is based on market
• In February 2025, Gimv and WorxInvest joined forces,
multiples as at the end of March 2025. Since then, we
combining their strength and firepower around have closely followed the evolution of the stock
Gimv's Anchor investing approach, Anchor is markets. To date, we have not noticed any evolution
designed to build long-standing strategic in market multiples that indicates that our valuation
partnerships with leading growth companies. This will should be adjusted.
allow these companies to attract long-term capital
to further expand their business while being safely • At the end of April 2025, with the convocation of an
anchored. Global tech powerhouse Cegeka extraordinary shareholders' meeting, Gimv
becomes the first participation of Gimv Anchor, announced its intention to change the financial year.
demonstrating our confidence in their long-term It is proposed to the shareholders that the financial
year starts on January 1st and ends on December
growth potential. Cegeka reported impressive
31st . In doing so, Gimv wishes to align itself with the
growth over 2024, reaching revenues of 1.3 bln EUR.
financial calendars of most companies listed on
In the coming years, Cegeka will continue to invest in
Euronext Brussels. For the current financial year, this
two crucial growth and innovation areas: means that it will be a shortened financial year of nine
cybersecurity and artificial intelligence. months, ending on December 31, 2025.

• End June 2024, Gimv announced the acquisition of • Early May 2025, Gimv announced its investment in the
the TINC shares held by Belfius Insurance via a newly German Ambulantis Group, a fast-growing care
provider with a focus on outpatient care in assisted
created company Infravest, laying the foundations
living facilities and day care. With this investment,
for a future-oriented shareholdership of TINC in
Gimv has the ambition to build, together with the
support of TINC’s further growth ambitions. In a
company’s founders, a leading provider of
second phase in September 2024, Gimv sold half of comprehensive care services in assisted living
its participation in Infravest to WorxInvest, allowing to facilities in Germany.
join forces as the long-term reference shareholder of
TINC. At the same time, Gimv and Belfius Bank • After the end of the financial year, Gimv entered into
contributed their participation in TDP NV to Infravest an agreement with the other shareholders of
Citymesh regarding a repositioning of Gimv in the
in exchange for new shares in Infravest. Regulatory
capital of Citymesh. Gimv still holds an economic
approval for this transaction was obtained in March
interest in Citymesh. However, the agreed reduced
2025.
repositioning fits better with Gimv Smart Industries'
investment strategy.
• An updated remuneration policy will be presented to
the AGM with a focus on an enhanced involvement
of the Gimv executives and non-executives in the
Gimv share and the LTIP structures, creating further
alignment between the Gimv executives, non-
executive directors and shareholders.




Gimv NV - Karel Oomsstraat 37, 2018 Antwerp, Belgium - T +32 3 290 21 00 - www.gimv.com 6
Antwerp, May 22nd, 2025, 7:00 AM CET, Regulated information Press release




Statement regarding risk Statutory auditor’s report on the accounting
The future performance of our companies and the value
information included in the annual press
development of our portfolio depend on a number of release of Gimv NV
external factors, such as: (i) the impact of the global We confirm that the audit procedures, which have been
economic instability on the growth and margins of our performed in relation to the financial information for the
companies and how they are able to cope with its year ended 31 March 2025 in accordance with the
impact, (ii) the impact of geopolitical tensions and the International Standards on Auditing are substantially
potential impact on international trade. (iii) the impact of completed and have not revealed any material
inflation on the policy of Central Banks and the related corrections required to be made to the financial
consequences for interest rate evolutions, (iv) the extent information included in the Company’s press release.
to which consumer confidence is affected by rising
prices, (v) the evolution in the labour market and the Antwerp, 21 May 2025
availability of sufficiently qualified personnel for our
companies, (vi) the liquidity in the banking system to BDO Bedrijfsrevisoren BV
support the companies, including in case of possible Statutory Auditor
further financing needs, (vii) the stability of the regulatory Represented by
and financial environment in the markets in which both David Lenaerts
Gimv and our companies operate, (viii) the extent to Company Auditor
which the market for investments and acquisitions
remains active, accompanied by a sufficient level of
liquidity and feasible financing conditions, and (ix) the
extent to which the financial markets can maintain their
stability. It is extremely difficult to estimate the impact of
all these factors in the coming period.

Management declaration in accordance with
the Royal Decree of 14 November 2007
In accordance with Article 13 §2 3° of the Royal Decree
of 14 November 2007, CEO Koen Dejonckheere and CFO
Kristof Vande Capelle declare the following in the name
of and on behalf of Gimv and to the best of their
knowledge:

a) the consolidated financial statements have been
prepared in accordance with International Financial
Reporting Standards (IFRS), as adopted within the
European Union, and give a true and fair view of the
Group’s assets, liabilities and financial position as at 31
March 2025, and of its results and cash flows for the
financial year ended on that date.

b) the annual report gives a fair presentation of the
Group’s development and results and a description of
the main risks and uncertainties it faces.




Gimv NV - Karel Oomsstraat 37, 2018 Antwerp, Belgium - T +32 3 290 21 00 - www.gimv.com 7
Antwerp, May 22nd, 2025, 7:00 AM CET, Regulated information Press release




Financial calendar About Gimv

General meeting for the FY 2024–2025 Gimv is a European investment company, listed on
25 June 2025 Euronext Brussels and a member of the Euronext BEL
ESG Index. With 45 years of experience in private equity,
Ex-dividend date for the FY 2024–2025 Gimv currently has an investment portfolio of more than
(coupon no. 33) 1.6 bln EUR. The portfolio contains around 60 portfolio
30 June 2025 companies, with a combined turnover of 4.5 bln EUR
and more than 20,000 employees.
Dividend record date for the FY 2024–2025
(coupon no. 33) As a recognized market leader in selected investment
1 July 2025 platforms, Gimv identifies entrepreneurial, innovative
companies with high growth potential and supports
them in their transformation into market leaders. Gimv's
Start of optional dividend period for 2024–2025
five investment platforms are Consumer, Healthcare,
2 July 2025
Life Sciences, Smart Industries and Sustainable Cities.
Each platform works with an experienced team across
End of optional dividend period for 2024–2025
Gimv’s home markets of Benelux, France and DACH,
22 July 2025
supported by an extended international network of
experts.
Date on which dividend for the 2024–2025
financial year is payable (coupon no. 33)
Further information can be found on www.gimv.com.
25 July 2025
For further information please contact:
6 months results for the 2025 financial year*
(period 01/04/25–30/09/25)
Kristof Vande Capelle*, Chief Financial Officer
20 November 2025
T +32 3 290 22 17 – kristof.vandecapelle@gimv.com

* As of 2025, Gimv will close its financial year at the * acting on behalf of a bv
end of December, leading to a shortened financial
year of 9 months for 2025 (subject to the approval of
the extraordinary general meeting).




Gimv NV - Karel Oomsstraat 37, 2018 Antwerp, Belgium - T +32 3 290 21 00 - www.gimv.com 8
Antwerp, May 22nd, 2025, 7:00 AM CET, Regulated information Press release




Gimv Group – Consolidated balance sheet as at 31/03/2025


Assets (in 1,000 EUR) 31-03-2025 31-03-2024
Non-current assets 1.640.271 1.567.370
Intangible assets 155 213
Property, plant and equipment 16.770 8.178
Investment portfolio 1.623.346 1.558.979
Financial assets: equity investments at fair value through P&L (FVPL) 1.360.924 1.222.800
Financial assets: debt investments at fair value through P&L (FVPL) 85.950 88.176
Financial assets: debt investments at amortised cost 176.472 248.003
Current assets 724.771 349.856
Trade and other receivables 55.534 2.577
Cash and cash equivalents 538.102 307.019
Marketable securities 130.722 39.816
Other current assets 413 444
Total assets 2.365.042 1.917.226



Equity and liabilities (in 1,000 EUR) 31-03-2025 31-03-2024
Equity 1.906.773 1.489.289
Equity - group share 1.906.773 1.489.289
Issued capital 335.554 264.665
Share premium 337.568 136.282
Reserves 1.233.651 1.088.342
Minority interests - -
Liabilities 458.269 427.937
Non-current liabilities 409.271 393.665
Financial debts - bonds 350.000 350.000
Financial debts - lease liabilities 9.657 1.431
Provisions 49.614 42.234
Current liabilities 48.998 34.272
Financial debts 1.733 7.188
Trade and social debt 33.644 16.296
Income tax payables 1.039 483
Other liabilities 12.582 10.305
Total equity and liabilities 2.365.042 1.917.226




Gimv NV - Karel Oomsstraat 37, 2018 Antwerp, Belgium - T +32 3 290 21 00 - www.gimv.com 9
Antwerp, May 22nd, 2025, 7:00 AM CET, Regulated information Press release




Gimv Group – Consolidated income statement for the 12 months to 31/03/2025


Consolidated income statement (in EUR 1,000) 2024-2025 2023-2024
Dividend income 2.668 10.709
Interest income 33.609 33.864
Realised gains on disposal of investments 196.519 155.968
Unrealised gains on financial assets at fair value trough P&L 267.319 196.722
Reversal of impairments on debt investments via amortised cost 281 73
Portfolio profit 500.396 397.336
Realised losses on disposal of investments -7.761 -7.503
Unrealised losses on financial assets at fair value through P&L -156.194 -81.612
Impairments on debt investments via amortised cost -36.281 -17.155
Portfolio losses -200.236 -106.270
Portfolio result: profit (loss) 300.160 291.066
Management fees 778 895
Other operating income 855 606
Operating income 1.633 1.501
Personnel expenses - salaries -24.892 -23.207
Personnel expenses - LTIP remuneration -25.027 -9.182
Total personnel expenses -49.919 -32.389
Selling, general and administrative expenses -17.775 -13.243
Amortisation and depreciation expenses -2.485 -2.313
Other operating expenses -12.530 -23.091
Operating expenses -82.709 -71.036
Operating result 219.084 221.531
Finance income 11.847 7.010
Finance costs -11.455 -11.358
Result before tax: profit (loss) 219.476 217.183
Corporate income tax expenses -475 -63
Net profit (loss) of the period 219.001 217.121
Minority interests - -8
Share of the group 219.001 217.129

Consolidated statement of the comprehensive income (in EUR 1,000) 2024-2025 2023-2024
Net profit (loss) of the period 219.001 217.121
Other comprehensive income - -
Actuarial gains (losses) DB pension plans -86 -475
Items that cannot be reclassified to profit or loss in subsequent periods (i) -86 -475
Items that can be reclassified to profit or loss in subsequent periods (ii) - -
Total other elements of the comprehensive income (i + ii) -86 -475
Total comprehensive income 218.915 216.646
Minority interests - -8
Share of the group 218.915 216.654




Gimv NV - Karel Oomsstraat 37, 2018 Antwerp, Belgium - T +32 3 290 21 00 - www.gimv.com 10
Antwerp, May 22nd, 2025, 7:00 AM CET, Regulated information Press release
Gimv Group – Statement of changes in consolidated equity for the 12 months to 31/03/2025
Actuarial gains
Share (losses) DB pension Treasury Equity - Group
2024-2025 (in 1,000 EUR) Issued capital premium Retained earnings plans Shares share Minority interests Total equity

01-04-2024 264.665 136.282 1.087.940 809 -407 1.489.289 - 1.489.289
Net Result for the period - - 219.001 - - 219.001 - 219.001
Other comprehensive income - - - -86 - -86 - -86
Total comprehensive income - - 219.001 -86 - 218.915 - 218.915
Capital increase 67.886 178.908 - - - 246.794 - 246.794
Cost of capital increase -3.951 - - - - -3.951 - -3.951
Dividends to shareholders - - -72.467 - - -72.467 - -72.467
Capital increase related to optional dividend 6.954 22.378 - - - 29.332 - 29.332
Net purchase / sale own shares - - -968 - -171 -1.139 - -1.139
Other changes - - - - - - - -
31-03-2025 335.554 337.568 1.233.506 723 -578 1.906.773 - 1.906.773




Actuarial gains
Share (losses) DB pension Treasury Equity - Group
2023-2024 (in 1,000 EUR) Issued capital premium Retained earnings plans Shares share Minority interests Total equity

02-04-2023 258.414 117.362 935.465 1.284 -116 1.312.409 12.726 1.325.135
Net Result for the period - - 217.129 - - 217.129 -8 217.121
Other comprehensive income - - - -475 - -475 - -475
Total comprehensive income - - 217.129 -475 - 216.654 -8 216.646
Capital increase 6.252 18.919 - - - 25.171 -1.262 23.909
Cost of capital increase - - - - - - - -
Acquisition / disposal of subsidiaries - - 6.432 - - 6.432 -11.456 -5.024
Dividends to shareholders - - -70.774 - - -70.774 - -70.774
Net purchase / sale own shares - - -298 - -291 -589 - -589
Other changes - - -14 - - -14 - -14
31-03-2024 264.665 136.282 1.087.940 809 -407 1.489.289 - 1.489.289




Gimv NV - Karel Oomsstraat 37, 2018 Antwerp, Belgium - T +32 3 290 21 00 - www.gimv.com 11
Antwerp, May 22nd, 2025, 7:00 AM CET, Regulated information Press release




Gimv Group – Consolidated cash flow statement for the 12 months to 31/03/2025


Cash flow statement (direct method) in 1,000 EUR 31-03-2025 31-03-2024
Cash flow from operating activities -50.954 -44.960
Interest received on cash deposits 9.540 4.284
Management fees from managed funds 156 301
Remuneration and other benefits to employees and directors -29.004 -25.070
LTIP remuneration to employees -11.321 -
Other operating expenses -20.622 -14.523
Paid/recovered CIT and other taxes 297 -9.952

Cash flows from investing activities 179.063 254.044
Investments in financial assets: equity investments -235.663 -80.747
Investments in financial assets: debt investments -35.438 -32.745
Proceeds from divested financial assets: equity investments 426.397 265.011
Proceeds from repaid financial assets: debt investments 41.502 69.804
Interest received 12.501 25.651
Dividend received 2.668 10.513
Earnout payments related to historical co-investment structures -1.489 -2.249
Short term bridge loan investment -30.266 -
Other cash flows from investment activities -1.149 -1.194

Cash flows from financing activities 191.593 -59.028
Capital and share premium increase, gross 246.793 -
Paid costs related to capital and share premium increase -3.951 -
Paid interest and fees on cash deposits and credit lines -11.124 -11.086
Dividends to shareholders -36.853 -45.608
Dividends to minorities - -997
Purchase Own Shares -6.008 -2.153
Sales Own Shares 2.661 879
Other cash flow from financing activities 75 -63

Change in cash during period 319.702 150.056
Cash at beginning of period 346.835 194.416
Acquired not yet received interest on deposits and other investments 2.287 2.363
Cash at end of period 668.824 346.835




Gimv NV - Karel Oomsstraat 37, 2018 Antwerp, Belgium - T +32 3 290 21 00 - www.gimv.com 12