Announcement of Financial Results 2024

EUROFIMA concluded the financial year 2024 with a robust balance sheet and positive financial outcomes. The total balance sheet decreased by EUR 1.1 billion (-6.5%) to EUR 15.4 billion, primarily due to a decrease in the loan book and a reduction in liquid assets.

EUROFIMA's net profit for the financial year amounted to EUR 32.8 million, EUR 5.2 million higher than the level of 2023 (EUR 27.6 million). Commission income and fees slightly decreased, whilst the net interest income increased by 17%, from EUR 25.9 million in 2023 to EUR 30.3 million in 2024, which is mainly due to the strong performance of treasury activities. Total operating expenses were EUR 9.1 million, slightly lower than the previous year (EUR 9.7 million).

No impairments were recognized during the year, and as of December 31, 2024, all assets were fully performing. This marks the 68th consecutive year without any losses due to railways failing to meet their obligations.

During 2024, EUROFIMA successfully met all demand from its clients and supported the rolling stock procurements and refinancing of its members, proving to be a reliable financing partner for its shareholders. In 2024, EUROFIMA concluded three new contracts (whereof two are multiyear agreements with disbursements to materialize over the next years), disbursed the final tranche of a multi-year frame agreement, refinanced seven tranches linked to five different leasing structures and provided short term financings under a frame agreement, supporting four shareholders in financing railway equipment.

With most of the funds being dedicated to electric multiple-unit trains and passenger coaches, 2024 marked another example of EUROFIMA's commitment to fulfilling its public mission for sustainable mobility. EUROFIMA managed to raise 100% of the long-term funds under the Green Bond Framework, which was updated in April 2021 and was recognized by Sustainalytics as fully aligned with the EU Taxonomy. EUROFIMA established one new benchmark green bond of EUR 500 million maturing in January 2035.

EUROFIMA's commitment to sustainability continued throughout 2024 and the organization reaffirmed its position with regards to environmental, social and governance footprint.

The financial results for 2024 were approved by the 68th Annual General Assembly on March 11, 2025.

EUROFIMA in brief:

Established in 1956 by a State Treaty signed by 25 European member States so far.

Public mission to support rail transport by financing investments in railway rolling stock.

The credit rating assessment of EUROFIMA by Standard & Poor's is 'AA/A-1+/stable, by Moody's 'Aa2/P-1/stable' and by Fitch 'AA/F1+/stable'.

You can find the Annual Report 2024 under: http://www.rns-pdf.londonstockexchange.com/rns/2462A_1-2025-3-11.pdf

For more information, please do not hesitate to contact Christoph Pasternak, Chief Executive Officer, [email protected].