Financial Ratios Reinet Investments S.C.A.

Equities

REINI

LU0383812293

Investment Management & Fund Operators

End-of-day quote LUXEMBOURG S.E. Other stock markets 2026-04-10			5-day change	1st Jan Change
28.40 ^EUR	0.00%		+2.90%	-3.40%

Mar. 06	Reinet's Sale of Pension Insurance Corporation Group Stake Gets UK Regulatory Nod	MT
Jan. 22	Reinet fund posts NAV of EUR 6.59 bln as of Dec 31	RE

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Published financial data: REINET INVESTMENTS S.C.A.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2021	2022	2023	2024	2025
Gain (Loss) on Sale of Investment, Total (Rev)	982M	556M	-171M	464M	732M
Interest And Invest. Income (Rev)	36M	48M	55M	58M	66M
Total Revenues	1.02B	604M	-116M	522M	798M
Gross Profit	1.02B	604M	-116M	522M	798M
Selling General & Admin Expenses, Total	2M	2M	4M	3M	3M
Other Operating Expenses, Total	2M	2M	4M	3M	3M
Operating Income	1.02B	602M	-120M	519M	795M
EBT, Excl. Unusual Items	1.02B	602M	-120M	519M	795M
EBT, Incl. Unusual Items	1.02B	602M	-120M	519M	795M
Earnings From Continuing Operations	1.02B	602M	-120M	519M	795M
Net Income to Company	1.02B	602M	-120M	519M	795M
Net Income - (IS)	1.02B	602M	-120M	519M	795M
Net Income to Common Incl Extra Items	1.02B	602M	-120M	519M	795M
Net Income to Common Excl. Extra Items	1.02B	602M	-120M	519M	795M
Per Share Items
Net EPS - Basic	5.51	3.27	-0.66	2.85	4.37
Basic EPS - Continuing Operations	5.51	3.27	-0.66	2.85	4.37
Basic Weighted Average Shares Outstanding	184M	184M	182M	182M	182M
Net EPS - Diluted	5.51	3.27	-0.66	2.85	4.37
Diluted EPS - Continuing Operations	5.51	3.27	-0.66	2.85	4.37
Diluted Weighted Average Shares Outstanding	184M	184M	182M	182M	182M
Normalized Basic EPS	3.45	2.04	-0.41	1.78	2.73
Normalized Diluted EPS	3.45	2.04	-0.41	1.78	2.73
Dividend Per Share	0.25	0.28	0.3	0.35	0.37
Payout Ratio	3.44	7.64	-42.5	10.6	8.05
American Depositary Receipts Ratio (ADR)	0.1	0.1	0.1	0.1	0.1
Supplemental Items
EBITA	1.02B	602M	-120M	519M	795M
EBIT	1.02B	602M	-120M	519M	795M
Total Revenues (As Reported)	1.02B	604M	-116M	522M	798M
Normalized Net Income	635M	376M	-75M	324M	497M
Supplemental Operating Expense Items
General and Administrative Expenses	200K	100K	200K	200K	-

Fiscal Period: March	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	1M	7M	-	-	-
Total Cash And Short Term Investments	1M	7M	-	-	-
Total Current Assets	1M	7M	-	-	-
Long-term Investments	5.39B	5.93B	5.72B	6.18B	6.92B
Total Assets	5.39B	5.94B	5.72B	6.18B	6.92B
Liabilities
Accrued Expenses, Total	700K	900K	800K	1M	1.8M
Short-term Borrowings	-	-	-	-	-
Other Current Liabilities	2.3M	48.1M	200K	-	200K
Total Current Liabilities	3M	49M	1M	1M	2M
Total Liabilities	3M	49M	1M	1M	2M
Common Stock, Total	220M	220M	220M	220M	220M
Additional Paid In Capital	770M	770M	770M	770M	770M
Retained Earnings	4.57B	5.12B	4.95B	5.42B	6.15B
Treasury Stock	-173M	-223M	-222M	-222M	-222M
Total Common Equity	5.38B	5.89B	5.72B	6.18B	6.92B
Total Equity	5.38B	5.89B	5.72B	6.18B	6.92B
Total Liabilities And Equity	5.39B	5.94B	5.72B	6.18B	6.92B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	184M	184M	182M	182M	182M
ECS Total Common Shares Outstanding	184M	184M	182M	182M	182M
Book Value / Share	29.21	31.99	31.46	34.02	38.04
Tangible Book Value	5.38B	5.89B	5.72B	6.18B	6.92B
Tangible Book Value Per Share	29.21	31.99	31.46	34.02	38.04
Total Debt	0	0	0	0	0
Net Debt	-1M	-7M	-	-	-
Account Code - Inventory Valuation	3	3	3	3	3

Fiscal Period: March	2021	2022	2023	2024	2025
Net Income	1.02B	602M	-120M	519M	795M
Other Operating Activities, Total	-981M	-556M	169M	-464M	-731M
Cash from Operations	35M	46M	49M	55M	64M
Repurchase of Common Stock	-	-4M	-45M	-	-
Common Dividends Paid	-35M	-46M	-51M	-55M	-64M
Common & Preferred Stock Dividends Paid	-35M	-46M	-51M	-55M	-64M
Other Financing Activities, Total	-	10M	40M	-	-
Cash from Financing	-35M	-40M	-56M	-55M	-64M
Net Change in Cash	-	6M	-7M	-	-
Supplemental Items
Cash Interest Paid	-	-	-	-	-
Cash Income Tax Paid (Refund)	-	-	-	-	-
Levered Free Cash Flow	636M	422M	-	-	-
Unlevered Free Cash Flow	636M	422M	-	-	-
Change In Net Working Capital	-1M	-46M	-	-	-

Fiscal Period: March	2021	2022	2023	2024	2025
Profitability
Return on Assets	12.97	6.64	-1.29	5.45	7.58
Return on Total Capital	12.98	6.67	-1.29	5.45	7.59
Return On Equity %	20.76	10.68	-2.07	8.72	12.14
Return on Common Equity	20.76	10.68	-2.07	8.72	12.14
Margin Analysis
Gross Profit Margin %	100	100	100	100	100
SG&A Margin	0.2	0.33	-3.45	0.57	0.38
EBITA Margin %	99.8	99.67	103.45	99.43	99.62
EBIT Margin %	99.8	99.67	103.45	99.43	99.62
Income From Continuing Operations Margin %	99.8	99.67	103.45	99.43	99.62
Net Income Margin %	99.8	99.67	103.45	99.43	99.62
Net Avail. For Common Margin %	99.8	99.67	103.45	99.43	99.62
Normalized Net Income Margin	62.38	62.29	64.66	62.14	62.26
Levered Free Cash Flow Margin	62.48	69.91	-	-	-
Unlevered Free Cash Flow Margin	62.48	69.91	-	-	-
Asset Turnover
Asset Turnover	0.21	0.11	-0.02	0.09	0.12
Short Term Liquidity
Current Ratio	0.33	0.14	-	-	-
Quick Ratio	0.33	0.14	-	-	-
Operating Cash Flow to Current Liabilities	11.67	0.94	49	55	32
Long Term Solvency
Total Debt/Equity	-	-	-	-	-
Total Debt / Total Capital	-	-	-	-	-
Total Liabilities / Total Assets	0.06	0.82	0.02	0.02	0.03
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-405.71	-40.67	-119.21	-550	52.87
Gross Profit, 1 Yr. Growth %	-405.71	-40.67	-119.21	-550	52.87
EBITA, 1 Yr. Growth %	-403.28	-40.75	-119.93	-532.5	53.18
EBIT, 1 Yr. Growth %	-403.28	-40.75	-119.93	-532.5	53.18
Earnings From Cont. Operations, 1 Yr. Growth %	-403.28	-40.75	-119.93	-532.5	53.18
Net Income, 1 Yr. Growth %	-403.28	-40.75	-119.93	-532.5	53.18
Normalized Net Income, 1 Yr. Growth %	-403.28	-40.75	-119.93	-532.5	53.18
Diluted EPS Before Extra, 1 Yr. Growth %	-407.23	-40.75	-120.19	-532.98	53.18
Total Assets, 1 Yr. Growth %	22.29	10.25	-3.67	8.11	11.84
Tangible Book Value, 1 Yr. Growth %	22.28	9.4	-2.89	8.11	11.82
Common Equity, 1 Yr. Growth %	22.28	9.4	-2.89	8.11	11.82
Cash From Operations, 1 Yr. Growth %	-5.41	31.43	6.52	12.24	16.36
Levered Free Cash Flow, 1 Yr. Growth %	-347.11	-33.61	-	-	-
Unlevered Free Cash Flow, 1 Yr. Growth %	-347.11	-33.61	-	-	-
Dividend Per Share, 1 Yr. Growth %	31.58	12	7.14	16.67	5.71
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	168.7	34.68	-66.24	-7.04	162.28
Gross Profit, 2 Yr. CAGR %	168.7	34.68	-66.24	-7.04	162.28
EBITA, 2 Yr. CAGR %	164.71	34.05	-65.63	-7.15	157.39
EBIT, 2 Yr. CAGR %	164.71	34.05	-65.63	-7.15	157.39
Earnings From Cont. Operations, 2 Yr. CAGR %	164.71	34.05	-65.63	-7.15	157.39
Net Income, 2 Yr. CAGR %	164.71	34.05	-65.63	-7.15	157.39
Normalized Net Income, 2 Yr. CAGR %	164.71	34.05	-65.63	-7.15	157.39
Diluted EPS Before Extra, 2 Yr. CAGR %	172.21	34.92	-65.42	-6.51	157.53
Total Assets, 2 Yr. CAGR %	5.07	16.11	3.05	2.05	9.96
Tangible Book Value, 2 Yr. CAGR %	5.58	15.66	3.07	2.47	9.95
Common Equity, 2 Yr. CAGR %	5.58	15.66	3.07	2.47	9.95
Cash From Operations, 2 Yr. CAGR %	1.46	11.5	18.32	9.35	14.29
Levered Free Cash Flow, 2 Yr. CAGR %	-	28.09	-	-	-
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	28.09	-	-	-
Dividend Per Share, 2 Yr. CAGR %	14.71	21.4	9.54	11.8	11.06
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	6.62	62.41	-29.64	-19.96	9.73
Gross Profit, 3 Yr. CAGR %	6.62	62.41	-29.64	-19.96	9.73
EBITA, 3 Yr. CAGR %	6.42	60.72	-28.98	-20.06	9.71
EBIT, 3 Yr. CAGR %	6.42	60.72	-28.98	-20.06	9.71
Earnings From Cont. Operations, 3 Yr. CAGR %	6.42	60.72	-28.98	-20.06	9.71
Net Income, 3 Yr. CAGR %	6.42	60.72	-28.98	-20.06	9.71
Normalized Net Income, 3 Yr. CAGR %	6.42	60.72	-28.98	-20.06	9.71
Diluted EPS Before Extra, 3 Yr. CAGR %	8.61	63.75	-28.37	-19.7	10.21
Total Assets, 3 Yr. CAGR %	1.65	6.77	9.1	4.71	5.21
Tangible Book Value, 3 Yr. CAGR %	1.64	6.84	9.11	4.73	5.49
Common Equity, 3 Yr. CAGR %	1.64	6.84	9.11	4.73	5.49
Cash From Operations, 3 Yr. CAGR %	3.03	10.6	9.82	16.26	11.64
Dividend Per Share, 3 Yr. CAGR %	11.57	13.8	16.45	11.87	9.74
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	41.89	-5.82	-32.7	29.92	19.1
Gross Profit, 5 Yr. CAGR %	41.89	-5.82	-32.7	29.92	19.1
EBITA, 5 Yr. CAGR %	42.16	-5.83	-32.29	29.05	18.87
EBIT, 5 Yr. CAGR %	42.16	-5.83	-32.29	29.05	18.87
Earnings From Cont. Operations, 5 Yr. CAGR %	42.16	-5.83	-32.29	29.05	18.87
Net Income, 5 Yr. CAGR %	42.16	-5.83	-32.29	29.05	18.87
Normalized Net Income, 5 Yr. CAGR %	42.16	-5.83	-32.29	29.05	18.87
Diluted EPS Before Extra, 5 Yr. CAGR %	43.9	-4.68	-31.28	30.86	19.5
Total Assets, 5 Yr. CAGR %	0.62	-0.22	2.21	4.85	9.44
Tangible Book Value, 5 Yr. CAGR %	0.62	-0.38	2.21	5.07	9.45
Common Equity, 5 Yr. CAGR %	0.62	-0.38	2.21	5.07	9.45
Cash From Operations, 5 Yr. CAGR %	1.81	8.21	8.9	10.1	11.58
Dividend Per Share, 5 Yr. CAGR %	9.2	11.16	10.76	13	14.26