Strong Financial Performance
Proportional EBITDA grew to EUR 615 million, leading to an operating cash return of 16.9%. This marks a 3% year-over-year increase driven by positive one-off items and contributions from growth projects.
Successful IPO in India
The joint venture AVTL in India completed its IPO with proceeds of around EUR 300 million, resulting in an exceptional gain of EUR 111 million for Vopak.
High Occupancy Rates
The demand for infrastructure services remained strong, with a proportional occupancy rate of 92% across the portfolio.
Investment in Growth Projects
Year-to-date, EUR 300 million has been spent on growth projects, with expectations to reach EUR 700 million for the full year.
Strategic Initiatives in Energy Transition
Positive investment decisions were made in Malaysia for biofuel capacity expansion and in Antwerp for ammonia capacity development.