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New Amsterdam Invest N.V. annual results and annual report 2024

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AMSTERDAM, April 25, 2025 /PRNewswire/ — New Amsterdam Invest N.V. (the “Company”, or “New Amsterdam Invest”, or “NAI”), a Dutch commercial real estate company listed on Euronext Amsterdam, announces its annual results and annual report for the financial year 2024, today.

Aren van Dam, ceo New Amsterdam Invest commented:

“With modest pride we report on New Amsterdam Invest 2024 results. An operational result of € 9.4 million in our first full year of operation. The operational results for 2024 is significantly positive impacted by valuation differences. These valuation differences amount to € 3.5 million mainly related to Interra Remington, an investment property acquired on 1 November 2024. The result for 2024 amounts to a profit of € 5.2 million.

The Company operates in a challenging environment with risks of significant currency exchange differences, partly due to the present turbulent economic conditions. However we do currently not encounter significant impact on our tenants.

New Amsterdam Invest wants to position itself as a dividend stock. As a consequence we aim to meet our financial and quantitative parameters as set out at listing, which among others includes a yearly dividend pay-out between 4.5% and 6.5% of the Company’s equity value.

As management we are confident to build NAI further and to be well on track to realize the articulated financial objectives of the Company.”

Financial Highlights

  • Rental Income 2024: € 11.1 million
  • Net Rental Income 2024: € 7.6 million
  • Result for 2024 after non-controlling interest: € 2.7 million
  • Earnings per ordinary share: € 0.51
  • Total investment property 2024YE: € 128.7 million
  • Total Equity 2024YE: € 54.7 million
  • Cash generated from operation 2024: € 3.1 million
  • Solvency 2024YE: 40.2%

Strategic Highlights

In line with its strategy, NAI acquired a second investment property in the USA on 1 November 2024. This property with an expected rental income 2025 of € 6 million and an annual profit before tax of € 3 million, will contribute significantly to the Company’s result, although approximately 41% of the result will be allocated to the minority interest held by  our local business partner.

Outlook 2025

For 2025 NAI expects to be profitable and well on track to realize the financial objectives the Company as previously articulated. More specific, NAI reiterates that its current portfolio should enable it to realise a net rental income in the financial year 2025 of approximately 11.6 million and an annual  result before tax of € 5 million, excluding potential impact of revaluation of investment property, exchange rate differences, minority share(s), and the results from the acquisition of new investment property.

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Business overview 2024

The results from group companies have been included and consolidated within the Company’s results. The net rental income including service expenses charged amounts to € 7.6 million. The result before taxation for the financial year 2024 amounts to a profit of € 6.8 million. Included in this profit are the positive valuation differences 2024 in the amount of € 3.5 million.

Further we note that the expected loss on the VAT receivable to the amount of € 330k, as included in the general and other expenses, has been charged to the result in the financial year 2023 and has been fully released in 2024, which results in a comparable difference of € 660k

Property portfolio

On 1 November 2024, the company acquired the property Interra Remington, Houston USA, via one of its subsidiaries, bringing the total investment properties in the Company’s portfolio to seven; five properties in the UK and two properties in the USA, all held by local group companies.

 

The breakdown of the investments per property at Year-End is as follows:

In €1.000

2024

2023

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Somerset House, Birmingham

18.490

16.841

Interra One Park Ten, Houston

17.641

17.948

Travelodge, Edinburgh

13.907

11.569

Sutherland House, Glasgow

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9.190

10.475

Blythswood Square, Glasgow

10.557

10.360

Forthstone, Edinburgh

10,738

10.222

Interra Remington, Houston

48.141

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0

Total investments at fair value

128.664

77.416

 

Of the total 2024 rental and service charge income of € 11.1 million, 57% was generated in the UK and 43% in the USA.

Cash flow, and cash position

The cash flow from operating activities 2024 increased and amounts to €3.1 million (previous year €1.0 million). This cash was used for the payment of the interim dividend, distribution of share premium to shareholders and further investments in existing owned properties. 

Cash and cash equivalents decreased by approximately €0.4 million to €5.0 million (rounded) as at 31 December 2024. This decrease is largely driven by available cash at Interra Remington.

 

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Share Capital and Share Price

 Number of shares

Type of shares

%

31 December 2024

Ordinary shares issued to investors, admitted listing and trading

74.6

3.910.250

Ordinary shares issued to the Promoters (Cornerstone Investment), admitted to listing and trading

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24.0

1.257.789

Promoter shares

1.4

73.653

Priority shares issued to Sichting Prioriteit New Amsterdam Invest

0.0

5

100.0

5.241.697

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Ordinary shares owned by the Company (Treasury Shares)

943.558

Shares in total

6.185.255

Share capital at €0.04 per share (€ * 1,000)

247

 

The ordinary share price closed at € 9.00 on 31 December 2024 (31 December 2023: € 9.10)

Tax position

The current tax is based on the taxable result per entity for the reporting period. Up to 31 December 2023, the Company recognized losses. As a result of the profit realized during 2024 the net deferred tax asset, as recognised in 2023, decreased with € 333k, which is charged to the result 2024.

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The unused tax losses in the amount of € 1.3 million pertain to the Netherlands and the United Kingdom and, as tax laws currently stand, can be carried forward indefinitely.

Events after balance sheet date

No relevant events after the balance sheet date.

Annual General Meeting scheduled for 6 June 2025 DV

The convocation, explanatory notes, written proxy and further documentation for the AGM will be available in Dutch and English. All relevant documents are available in the download section of NAI’s website https://www.newamsterdaminvest.nl/#downloads

The agenda for the AGM includes various items, amongst others, the adoption of the annual accounts as published today, and the reappointment of BDO Audit & Assurance B.V. as external independent auditor of NAI for the fiscal year ending 31 December 2025. Full details of all voting items are published on NAI’s website. The annual report of NAI relating to the financial year ending on 31 December 2024 published 16 April 2025, including the financial statements, the reports of the management board and supervisory board and the remuneration report, have also been published on the Company’s website.

Financial Calendar

  • 25 April 2025, publication Annual Report 2024.
  • 25 April 2025, publication Agenda General Meeting of Shareholders 6 June 2025 DV.
  • 6 June 2025 DV, General Meeting of Shareholders.
  • 29 August 2025, DV half year 2025 results publication.

P&L and Balance Sheet New Amsterdam Invest 2024

An overview of the main financial statements of New Amsterdam Invest in 2024 is provided in the following  tables attached to this press release, for more detailed information we refer to the annual report 2024 as published on the NAI website.

1.  Statement of Consolidated Financial Position as at 31 December 2024 (2023)

2.  Statement of Consolidated Profit and Loss for the Year 2024 (2023)

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3.  Statement of Consolidated Comprehensive Income for the year 2024 (2023)

4.  Consolidated Cash Flow Statement for the year ended 31 December 2024 (2023)

5.  Statement of Changes in Equity for the year ended 31 December 2024 (2023)

About New Amsterdam Invest

New Amsterdam Invest N.V. is a Dutch commercial real estate company listed at Euronext Amsterdam with operating companies in the United States and the United Kingdom.

The main objective of New Amsterdam Invest is running commercial activities including the owning, (re-)developing, acquiring, divesting, maintaining, letting out and/or otherwise operating commercial real estate, all in the broadest possible meaning.

All information about New Amsterdam Invest can be found on the company website: www.newamsterdaminvest.com

Disclaimer

Elements of this press release contain or may contain information about New Amsterdam Invest N.V. within the meaning of Article 7(1) to (4) of the EU Market Abuse Regulation.

This press release may include statements, including NAI’s financial and operational medium-term objectives that are, or may be deemed to be, ”forward-looking statements”. These forward-looking statements may be identified by the use of forward-looking terminology, including the terms ”believes”, ”estimates”, ”plans”, ”projects”, ”anticipates”, ”expects”, ”intends”, ”may”, ”will” or ”should” or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions.

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Forward-looking statements may and often do differ materially from actual results. Any forward-looking statements reflect NAI’s current view with respect to future events and are subject to risks relating to future events and other risks, uncertainties and assumptions relating to NAI’s business, results of operations, financial position, liquidity, prospects, growth or strategies. Forward-looking statements speak only as of the date they are made.

 

1.  Statement of Consolidated Financial Position

as at 31 December 2024

(*€1,000)

31 December 2024

31 December 2023

 

Assets

 

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Non-current assets

Investment property

128,664

77,416

Property, plant and equipment

3

7

Deferred tax assets

402

735

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Total non-current assets

129,069

78,158

 

Current assets

Accounts receivable

769

516

Value added tax receivable

360

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10

Current account investors

130

Other assets and prepaid expenses

1,027

146

Cash and cash equivalents

5,097

5,490

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Total current assets

7,253

6,292

Total assets

136,322

84,450

 

 

 1. Statement of Consolidated Financial Position

 

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as at 31 December 2024

(*€ 1,000)

31 December
2024 

31 December  
2023

 

Equity and Liabilities

Equity

Share capital

247

247

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Share premium

49,172

49,762

Currency translation reserve

1,676

-610

Legal reserves

868

General reserves

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-5,989

-5,970

Attributable to owners of the parent

45,974

43,430

Non-controlling interest

8,773

840

Total equity

54,747

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44,270

 

Non-current liabilities

Loans bank

63,720

35,393

Loans related party USA

5,072

Deferred tax liability

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1,252

116

Total non-current liabilities

70,044

35,509

 

Current liabilities

Trade payables

425

136

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Tax liabilities

2,049

105

Current account related party

337

Deferred rental income

1,179

760

Loans bank

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408

Loans related party USA

2,340

2,201

Other short-term liabilities

4,793

1,469

Total current liabilities

11,531

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4,671

Total liabilities

81,575

40,180

Total equity and liabilities

136,322

84,450

 

 

2. Statement of Consolidated Profit or Loss

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for the year ended 31 December 2024

(*€1,000)

2024

2023

Rental income

11,112

4,586

Direct related costs

-3,560

-861

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Net Rental income

7,552

3,725

Revaluation of investment property

3,517

-4,929

Legal and professional fees

322

1,137

Personnel expenses

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826

665

Administrative and overhead expenses

488

708

General expenses

298

256

Other expenses

-276

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852

Total expenses

1,658

3,618

Operating result

9,411

-4,823

Financial income and expense

-2,633

-578

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Result before tax

6,778

-5,401

Income tax

-1,622

605

Result for the period

5,156

-4,796

Result attributable to:

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Shareholders

2,647

-4,907

Non-controlling interest

2,509

111

Result for the period

5,156

-4,796

Basic earnings per share (*€1)

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0.51

-0.97

Diluted earnings per share (*€1)

0.51

-0.97

 

 

3.   Statement of Consolidated Comprehensive Income

for the year ended 31 December 2024

 

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(*€1,000)

2024

2023

Result for the period

5,156

-4,796

Items which may be recycled to profit or loss (net of tax)

Exchange differences

2,674

-693

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Total comprehensive income

7,830

-5,489

Attributable to:

Shareholders

4,933

-5,517

Non-controlling interest 

2,897

28

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Total comprehensive income

7,830

-5,489

 

 

4.   Statement of Consolidated Cash Flows

for the year ended 31 December 2024

(*€1,000)

2024

2023

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Operating activities

Result before tax

6,778

-5,401

Adjustments

Depreciation

5

7

Share-based payment expense

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84

Reversal of impairment on VAT receivable

-330

Revaluation of investment property

-3,517

4,929

Interest income and expense

2,795

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537

Total adjustments

-1,047

5,557

Changes in working capital

Increase in current liabilities

44

1,123

Decrease/(increase) in current assets excluding cash and cash equivalents

-610

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152

Increase/(decrease) in trade payables

518

-61

Total changes in working capital

-48

1,214

Cash generated from/(used in) operations

5,683

1,370

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Interest paid

-2,637

-816

Interest received

78

514

Income taxes paid

Cash flow from operating activities

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3,124

1,068

Investing activities

Investments in investment property, net of cash acquired

-1,338

-54,093

Investments in property, plant and equipment

-1

-1

Release from escrow account

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48,437

Cash flow from investing activities

-1,339

-5,657

Financing activities 

Proceeds from additional promoter contribution

335

Repayment of current account related party

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-104

Proceeds from loans

530

33,827

Repayment of loans

-261

-23,956

Dividends paid

-2,019

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Distribution to non-controlling interest

-415

Cash flow from financing activities

-2,166

10,102

Movement Cash and cash equivalents

-381

5,513

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Cash and cash equivalents as at 1 January

5,490

16

Exchange differences

-12

-39

Cash and cash equivalents as at 31 December

5,097

5,490

 

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5.  Statement of Consolidated Changes in Equity

for the year ended 31 December 2024

(*€1,000)

Share
capital

Share
premium

Currency
Translation
Reserve

Legal
reserves

General
reserve

Total
attributable to
shareholders

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Non-controlling
interest

Total
Equity

247

49,762

-610

-5,970

43,430

840

44,270

Balance at 31 December 2023

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Result for the year

2,647

2,647

2,509

5,156

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Other comprehensive income

2,286

2,286

388

2,674

Total comprehensive income

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2,286

2,647

4,933

2,897

7,830

Non-controlling interest acquired

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4,015

4,015

Transfer to legal reserves

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868

-868

Dividend

-590

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-1,769

-2,359

-2,359

Share-based payment

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1,436

1,436

Distribution to non-controlling interest

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-415

-415

Other

-30

-30

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-30

Balance at 31 December 2024

247

49,172

1,676

868

-5,989

45,974

8,773

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54,747

 

 

Statement of Consolidated Changes in Equity

for the year ended 31 December 2023

(*€1,000)

Share
capital

Share
premium

Currency
Translation
Reserve

General
reserve

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Total
attributable to
shareholders

Non-controlling
interest

Total
Equity

247

49,419

-1,146

48,520

48,520

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Balance at 31 December 2022

Result for the year

-4,907

-4,907

111

-4,796

Other comprehensive income

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-610

-610

-83

-693

Total comprehensive income

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-610

-4,907

-5,517

28

-5,489

Non-controlling interest acquired

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812

812

Additional promoter contribution

343

343

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343

Equity settled share-based payments

84

84

84

Balance at 31 December 2023

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247

49,762

-610

-5,970

43,430

840

44,270

 

 

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Forbes Recognizes DXC’s Consulting Excellence in 2025 World’s Best Management Consulting Firms Ranking

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ASHBURN, Va., May 16, 2025 /CNW/ – DXC Technology (NYSE: DXC), a leading Fortune 500 global technology services provider, has been named to the prestigious Forbes World’s Best Management Consulting Firms 2025 list for the third year in a row. Out of 955,000 consulting firms in the U.S., fewer than 0.02% made the ranking, which is based on a rigorous survey of 2,350 clients and peers across 33 categories.

“This recognition highlights DXC’s deep industry expertise and unwavering commitment to driving business transformation through consulting and engineering,” said Howard Boville, President, Consulting & Engineering Services – Powered by AI. “As enterprises accelerate their digital evolution in the era of AI, we continue to deliver intelligent, scalable and secure solutions that help our clients innovate, optimize and gain competitive advantages industries.”

The consulting sector remains one of the most dynamic and rapidly expanding areas within professional services. A recent analysis by the Business Research Company projects that the global management consulting market will exceed $1.07 trillion in 2025, growing from $1.02 trillion in 2024. By 2029, the market is expected to reach approximately $1.33 trillion. To help businesses navigate this vast industry and identify top consulting partners, Forbes and Statista have collaborated to create a definitive ranking of the world’s leading management consulting firms.

DXC earned recognitions in the following categories: Automotive, Digital Transformation, IT, Technology, Telecommunications, and IT Strategy & Implementation. With a global team of 50,000+ highly skilled engineers and consultants, DXC is driving innovation across industries like financial services; healthcare and life sciences; public sector; aerospace and defense; automotive and manufacturing, and more. From improving fraud detection in banking to enhancing safety in autonomous driving, we’re helping clients transform their operations and unlock the potential of AI. The complete list of honorees can be viewed on the Forbes website.

For more information on DXC Consulting and Engineering Services – Powered by AI, visit https://dxc.com/us/en/offerings/analytics-and-engineering 

Forward Looking Statements

All statements in this press release that do not directly and exclusively relate to historical facts constitute “forward-looking statements.” These statements represent current expectations and beliefs, and no assurance can be given that any result, goal or plan set forth in any forward-looking statement can or will be achieved. Such statements are subject to numerous assumptions, risks, uncertainties and other factors that could cause actual results to differ materially from those described in such statements, many of which are outside of our control. For a written description of these factors, see the section titled “Risk Factors” in DXC’s Annual Report on Form 10-K for the fiscal year ended March 31, 2024, and any updating information in subsequent SEC filings. Readers are cautioned not to place undue reliance on such statements which speak only as of the date they are made. We do not undertake any obligation to update or release any revisions to any forward-looking statement or to report any events or circumstances after the date of this document or to reflect the occurrence of unanticipated events, except as required by law.

About DXC Technology

DXC Technology (NYSE: DXC) helps global companies run their mission-critical systems and operations while modernizing IT, optimizing data architectures, and ensuring security and scalability across public, private and hybrid clouds. The world’s largest companies and public sector organizations trust DXC to deploy services to drive new levels of performance, competitiveness, and customer experience across their IT estates. Learn more about how we deliver excellence for our customers and colleagues at DXC.com.

Angelena Abate, Media Relations, [email protected]; Roger Sachs, CFA, Investor Relations, +1-201 259-0801, [email protected]

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Axonify Uncovers the Training Disconnect Facing Gen Z Frontline Workers

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New data shows personalized, mobile-first learning is essential to retaining and engaging the newest generation of frontline workers

WATERLOO, ON, May 16, 2025 /PRNewswire/ — Generation Z (Gen Z) is reshaping the workforce—and setting new expectations for how training should support their success. According to Axonify’s latest report, Polling the frontline: Gen Z’s training and skills gaps, more than three-quarters (77%) of frontline Gen Z workers have faced situations where insufficient job-specific skills and training hindered their ability to complete tasks effectively. In these moments, nearly two-thirds (62%) reported feeling overwhelmed and anxious, over half (55%) experienced embarrassment and 14% even considered quitting their jobs. This new data from Axonify, a global leader in frontline training and performance, reveals the urgent need for employers to rethink how they train and support the newest generation of frontline talent.

The report surveyed 500 U.S. Gen Z frontline workers to understand what’s working—and where training is falling flat. For many, training begins and ends at onboarding. One in three received training only when they started their role, while 37% say they don’t have enough time to learn on the job. Others describe the training they did receive as disengaging or irrelevant, with 34% reporting that the content lacked interest or practical value. These gaps have real consequences: 67% of Gen Z workers say more consistent training would help reduce burnout, and 81% believe they would stay longer in their jobs if they had better ongoing support.

For Gen Z frontline workers, it’s not just about how much training they get—it’s about how relevant and applicable it is. Many say the content they receive isn’t personalized, doesn’t reflect their day-to-day challenges or fails to build confidence. In fact, 24% of respondents said they didn’t feel more confident after completing training, highlighting deeper issues with how knowledge is being delivered and reinforced.

“These findings underscore the critical need for employers to rethink their training strategies to better support Gen Z workers,” said Dave Carter, Chief Revenue Officer at Axonify. “By providing personalized, engaging and accessible training programs, organizations can not only bridge existing skills gaps but also enhance employee confidence, productivity and retention. It’s clear that adapting to the preferences of this new generation is essential for building a resilient and effective frontline workforce.”

Gen Z workers aren’t resistant to training—they’re asking for more of it, delivered with purpose, relevance and flexibility. Half of the respondents (50%) want personalized training tailored to their roles and career goals. Meanwhile, 35% prefer short video modules that are quick and easy to understand and another 35% want the option to learn on mobile devices. The shift toward more personalized, continuous learning is reshaping how frontline organizations approach training and development—and Gen Z is shining a spotlight on what they need to succeed. When training reflects these real-life situations, workers report greater confidence (90%), productivity (82%) and job satisfaction (81%)—all of which drive better outcomes for employers.

“This generation is digitally native and eager for work,” said Carter. “When training is personalized, practical and accessible, it enables Gen Z to grow with your organization instead of out of it.”

Learn more about the state of Gen Z frontline training in full – Polling the frontline: Gen Z’s training and skills gaps

Survey methodology: Axonify surveyed 500 retail, hospitality and food and beverage frontline workers within Generation Z (age 18- 28) in the U.S. using the online insights platform Pollfish. This survey was completed in April 2025.

About Axonify
Axonify is the #1 frontline-forward training and performance platform used by companies like Walmart, Kroger and Foot Locker. Over 4M users in 160+ countries use Axonify to onboard and train in five minutes a day. With personalized, AI-powered microlearning, custom training content, embedded communication, task management and more, Axonify is revolutionizing the way frontline workers learn, connect and get things done. Axonify is headquartered in Waterloo, Ontario, Canada. For more information, visit axonify.com.

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NYSE Content Advisory: Pre-Market update + NYSE celebrates 233 years forward

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NEW YORK, May 16, 2025 /PRNewswire/ — The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today’s NYSE Pre-market update for market insights before trading begins. 

Kristen Scholer delivers the pre-market update on May 16th

  • U.S. equities trend higher, with the S&P 500 extending its win streak and closing just 3.7% below its record high, driven by easing trade tensions with China and softer-than-expected inflation data.
  • The Producer Price Index unexpectedly fell in April, and retail sales saw only a slight increase, both contributing to positive market sentiment this week.
  • As the NYSE celebrates its 233rd anniversary, it highlights major milestones including the launch of NYSE Texas and the trading innovations to allow efficient processing of historic message volume across its markets.

Opening Bell
The New York Stock Exchange welcomes ALS United to the podium to recognize ALS Awareness Month.

Closing Bell
The Asian American and Pacific Islander community celebrates AAPI Heritage Month at the NYSE’s 3rd Annual AAPI Bell Celebration.

Download the NYSE TV App and Subscribe Here 

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