France · Delayed Price · Currency is EUR Antin Infrastructure Partners Earnings Call Transcripts
Fiscal Year 2025
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Strong 2025 results featured accelerated investment, stable EBITDA, and a robust dividend. Fundraising momentum continues with Mid Cap II launching in 2026 and Flagship VI in 2027, while cost discipline and a resilient earnings profile support future growth.
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Portfolio companies delivered strong EBITDA and revenue growth, with disciplined investment and a robust exit pipeline. FX headwinds impacted valuations and delayed carried interest recognition, but the outlook remains positive with new fund launches and continued dividend policy.
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The AGM highlighted record fundraising and financial results, robust dividend policy, and strong governance. Strategic investments in infrastructure, healthcare, and sustainability were emphasized, while all resolutions were approved with high shareholder participation.
Fiscal Year 2024
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Record 2024 results with fee-paying AUM up 7.3% to €21.6B, revenue up 12.6%, and EBITDA at €187M, driven by strong fund performance and the €10.2B close of Flagship Fund V. Dividend maintained at €0.71/share with a 93% payout ratio. 2025 expected as a transition year with stable guidance.
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Strong H1 2024 results with doubled investment activity, robust fundraising nearing EUR 10 billion for Flagship Fund V, and continued portfolio growth. EBITDA and net income rose modestly, while dividend and cash reserves increased. Challenging fundraising and cost environment persist.
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The AGM reviewed strong 2023 financial results, with significant growth in AUM, EBITDA, and net income, and approved a substantial dividend. Strategic initiatives included major fundraising, new investments in renewables and infrastructure, and a reinforced climate strategy. All resolutions, including governance and compensation policies, were adopted.