Belgium's Fluxys 2025 net profit falls on hydrogen, CO2 business expenditure

Fluxys Belgium SA

31/03/2026 16:56

Overview

Belgium energy infrastructure operator's 2025 revenue rose about 7% to EUR 650.5 mln

Net profit fell to EUR 74.9 mln, mainly due to hydrogen and CO2 business expenditure

Company proposed unchanged EUR 1.40 per share dividend for 2025

Outlook

Company says regulated profit/loss will evolve based on equity, financial structure, interest rates, incentives

Fluxys Belgium cites uncertainty in natural gas and LNG markets due to geopolitical developments

Result Drivers

TARIFF CHANGES - Revenue increase mainly due to changes in components covered by regulated tariffs

HYDROGEN AND CO2 EXPENDITURE - Net profit decline primarily due to expenditure for hydrogen and CO2 business, for which the regulatory framework is currently being developed

Company press release: ID:nGNEbY3FTX

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
Beat
EUR 650.50 mln
EUR 618 mln (1 Analyst)
FY Net Income
EUR 74.9 mln
FY Gross Dividend
EUR 1.40/Share


Analyst Coverage

The one available analyst rating on the shares is "strong buy"

The average consensus recommendation for the oil & gas transportation services peer group is "buy."

Wall Street's median 12-month price target for Fluxys Belgium NV is €28.00, about 32.7% above its March 30 closing price of €21.10

The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 15 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)