Altamir: Resilience in a deteriorating economic environment

Altamir announced a 4.8% decline in its Net Asset Value (NAV) for 2025, settling at €1,179.9 million, or €32.32 per share, following the distribution of a dividend in September. Despite a challenging economy, the weighted average EBITDA of the portfolio companies increased by 8.6%, highlighting the resilience of the business.

Valuations in the Tech & Telco, Services, and Healthcare sectors increased, while the Consumer sector saw its value decrease by €71.3 million. Disposals totaled €139.2 million, a decrease compared to the previous year, while investments amounted to €142 million.

Finally, due to the current financial situation, no dividend will be proposed for 2025. The medium-term strategy is maintained with investments and disposals exceeding initial expectations.