Press release


Antwerp, 2 September 2025, 07:00 CET – regulated information



Trading update

Gimv had a very active start to the fiscal year, All announced investments and exits result in a
investing in both new and existing portfolio liquidity position of around EUR 400 million,
companies, evidencing its accelerated growth underscoring Gimv’s sustained robust
strategy. In spite of a still rather soft European financing capacity.
private equity market, the specialized and pro-
active deal sourcing capacity of our teams has Gimv’s portfolio companies continue to show
resulted in a series of new investments and a resilience in a volatile and challenging
filled pipeline. economic environment. They navigate these
challenges with determination and strategic
In recent months, Gimv invested in Ambulantis focus. They remain committed to their
(Healthcare, DE), Alpine (Consumer, NL), investment, innovation, and growth plans,
Hemink (Sustainable Cities, NL) and Novicare again outpacing the overall economic growth.
(Healthcare, NL). The successful exit of Joolz A largely positive EBITDA growth underscores
after an impressive growth trajectory was their operational discipline and entrepreneurial
combined with a new investment in the even spirit, providing a solid foundation for future
stronger Bugaboo/Joolz combination. expansion and ongoing outperformance.
Additional capital was invested to finance bolt-
on acquisitions at existing portfolio companies The sustained growth performance of our
like Fronnt, Picot, and EGruppe. Furthermore, portfolio and the realized capital gains on our
Gimv anticipates announcing a follow-on exits resulted in a (non-annualized) portfolio
investment in one of its largest portfolio result of EUR 76.5mio, generating a portfolio
companies soon. return of 4.7% for the first quarter of the current
fiscal year (in line with our increased return
In addition, Gimv, together with WorxInvest and target). This leads to a growth of the Net Asset
Belfius via Infravest, recently backed the Value (NAV) per share net of dividend to EUR
successful capital increase at TINC, supporting 52.4 per end June 2025 (unaudited).
the ambitious growth trajectory of the listed
specialized infrastructure investor. This raised Koen Dejonckheere, CEO Gimv, comments:
Infravest’s stake in TINC above 25%, solidifying “Our portfolio companies continue to prove
its role as a reference shareholder. that bold innovation, purposeful
transformation, and an ambitious focus enable
All these transactions add up to over EUR 300 them to achieve above average growth, even
million, meaning that the EUR 250 million new as they navigate challenging economic
capital raised have been fully invested. This headwinds.”
fiscal year, Gimv’s investments will exceed the
targets presented at the Capital Markets Day in A comprehensive and audited update on
January, underscoring the company’s growth Gimv's activities and portfolio will be released in
ambitions. In combination with additional the scheduled communication for the first six
value creation and without any future adverse months of the short financial year 2025
evolutions, the Gimv portfolio will reach a (spanning nine months) on November 20, 2025.
record level by the end of the current fiscal
year.

After an impressive growth trajectory and
international expansion, Gimv successfully
exited Itineris with a significant realized value.




- Karel Oomsstraat 37, 2018 Antwerp, Belgium - T +32 3 290 21 00 - 1
Antwerp, 2 September 2025, 07:00 CET – regulated information

Press release




About Gimv

Gimv is a European investment company, listed
on Euronext Brussels and a member of the
Euronext BEL ESG Index. With over 45 years'
experience in private equity, Gimv currently
manages an investment portfolio of around EUR 2
billion. The portfolio contains around 60 portfolio
companies, with combined turnover of EUR 4.5
billion and more than 20,000 employees.

As a recognized market leader in selected
investment platforms, Gimv identifies
entrepreneurial, innovative companies with high
growth potential and supports them in their
transformation into market leaders. Gimv's five
investment platforms are Consumer, Healthcare,
Life Sciences, Smart Industries and Sustainable
Cities. Each platform works with an experienced
team across Gimv’s home markets of Benelux,
France and DACH, supported by an extended
international network of experts.

Further information on Gimv can be found on
www.gimv.com.

For further information please contact:
Kristof Vande Capelle, CFO*
T +32 3 290 22 17
kristof.vandecapelle@gimv.com


* acting on behalf of a company




- Karel Oomsstraat 37, 2018 Antwerp, Belgium - T +32 3 290 21 00 - 2