TenneT Holding B.V. financials
TenneT Holding B.V.
Country: NL Reporting currency: EUR Latest annual report: 2024-12-31
LEI:
724500LTUWK3JQG63903 Financial statements
(EUR, as reported — unscaled; 95 line items across 2 annual periods)
| Line item | 2024 | 2023 |
|---|---|---|
| Income statement | ||
| Revenue | €10.00B | €9.30B |
| Operating expenses | €6.84B | €8.02B |
| Employee benefits expense | €353.0M | €335.0M |
| Depreciation & amortisation | €1.47B | €1.35B |
| Operating profit (EBIT) | €3.20B | €1.42B |
| Net finance income / (cost) | -€676.0M | -€453.0M |
| Finance costs | €739.0M | €495.0M |
| Profit before tax | €2.53B | €971.0M |
| Income tax expense | €701.0M | €260.0M |
| Profit for the year | €1.83B | €711.0M |
| — attributable to owners | €1.82B | €652.0M |
| — attributable to NCI | €5.0M | €59.0M |
| Total comprehensive income | €1.83B | €691.0M |
| Per share | ||
| Basic EPS | €8720.00 | €2975.00 |
| Diluted EPS | €8720.00 | €2975.00 |
| Free cash flow / share | €-24198.36 | €-37545.25 |
| Cash flow statement | ||
| Net cash from operating activities | €5.19B | -€1.65B |
| Net cash from investing activities | -€10.17B | -€7.21B |
| Net cash from financing activities | €8.31B | €3.38B |
| Dividends paid | €176.0M | €224.0M |
| Proceeds from borrowings | €13.35B | €3.79B |
| Repayments of borrowings | €3.94B | €1.00B |
| Lease liability payments | €246.0M | €177.0M |
| Balance sheet | ||
| Total assets | €52.89B | €41.72B |
| Non-current assets | €45.67B | €36.52B |
| Property, plant & equipment | €42.80B | €33.64B |
| Right-of-use assets | €1.26B | €977.0M |
| Intangible assets & goodwill | €434.0M | €373.0M |
| Current assets | €7.20B | €5.19B |
| Inventories | €145.0M | €153.0M |
| Trade & other receivables | €2.63B | €3.94B |
| Cash & equivalents | €4.39B | €1.06B |
| Total equity | €11.22B | €8.04B |
| — attributable to owners | €10.87B | €7.64B |
| Non-controlling interests | €354.0M | €400.0M |
| Non-current liabilities | €35.33B | €22.42B |
| Long-term borrowings | €31.37B | €18.87B |
| Lease liabilities (non-current) | €1.03B | €784.0M |
| Current liabilities | €6.33B | €11.25B |
| Short-term borrowings | €568.0M | €3.64B |
| Lease liabilities (current) | €210.0M | €184.0M |
| Trade & other payables | €4.43B | €5.17B |
| Deferred tax liabilities | €3.0M | €3.0M |
| Derived metrics | ||
| Free cash flow | -€5.07B | -€8.97B |
| Operating margin | 32.0% | 15.3% |
| Net margin | 18.3% | 7.6% |
| Return on equity | 16.3% | 8.8% |
| Cash conversion ratio | 2.84× | -2.33× |
| Capex coverage | 0.51× | -0.23× |
| Other reported items | ||
| Adjustments For Depreciation and Amortisation Expense and Impairment Loss Reversal of Impairment Loss Recognised In Profit Or Loss | €1.47B | €1.35B |
| Adjustments For Losses Gains On Disposal of Noncurrent Assets | €26.0M | €1.0M |
| Adjustments For Provisions | €440.0M | €12.0M |
| Adjustments For Undistributed Profits of Investments Accounted For Using Equity Method | €49.0M | €150.0M |
| Cash and Cash Equivalents If Different From Statement of Financial Position | €4.39B | €1.06B |
| Cash Flows From Losing Control of Subsidiaries Or Other Businesses Classified As Investing Activities | €0 | €33.0M |
| Comprehensive Income Attributable To Noncontrolling Interests | €5.0M | €59.0M |
| Comprehensive Income Attributable To Owners of Parent | €1.83B | €632.0M |
| Current Contract Liabilities | €14.0M | €15.0M |
| Current Provisions | €564.0M | €111.0M |
| Current Tax Assets Current | €30.0M | €38.0M |
| Current Tax Liabilities Current | €177.0M | €153.0M |
| Deferred Tax Assets | €521.0M | €852.0M |
| Dividends Paid To Noncontrolling Interests Classified As Financing Activities | €76.0M | €114.0M |
| Dividends Received Classified As Operating Activities | €39.0M | €155.0M |
| Energy Transmission Charges | €4.56B | €5.97B |
| Equity and Liabilities | €52.89B | €41.72B |
| Finance Income | €63.0M | €42.0M |
| Income Tax Relating To Remeasurements of Defined Benefit Plans of Other Comprehensive Income | €2.0M | -€9.0M |
| Income Taxes Paid Refund Classified As Operating Activities | €321.0M | €140.0M |
| Increase Decrease In Cash and Cash Equivalents | €3.34B | -€5.49B |
| Increase Decrease Through Appropriation of Retained Earnings | €0 | €0 |
| Increase Decrease Through Other Contributions By Owners | €1.63B | — |
| Increase Decrease Through Other Distributions To Owners | €1.15B | €97.0M |
| Interest Paid Classified As Financing Activities | €568.0M | €417.0M |
| Interest Received Classified As Investing Activities | €53.0M | €35.0M |
| Investments In Associates Accounted For Using Equity Method | €33.0M | €33.0M |
| Investments In Joint Ventures Accounted For Using Equity Method | €569.0M | €595.0M |
| Liabilities Included In Disposal Groups Classified As Held For Sale | €17.0M | €13.0M |
| Miscellaneous Other Operating Expense | €449.0M | €377.0M |
| Noncurrent Assets Or Disposal Groups Classified As Held For Sale | €26.0M | €19.0M |
| Noncurrent Contract Liabilities | €759.0M | €612.0M |
| Noncurrent Provisions | €1.73B | €1.73B |
| Noncurrent Recognised Liabilities Defined Benefit Plan | €240.0M | €217.0M |
| Other Adjustments For Noncash Items | €1.92B | €1.37B |
| Other Comprehensive Income | €6.0M | -€20.0M |
| Other Comprehensive Income Before Tax Gains Losses On Remeasurements of Defined Benefit Plans | €8.0M | -€29.0M |
| Other Current Financial Liabilities | €364.0M | €1.98B |
| Other Gains Losses | -€12.0M | €5.0M |
| Other Noncurrent Financial Assets | €56.0M | €42.0M |
| Other Noncurrent Financial Liabilities | €170.0M | €169.0M |
| Other Noncurrent Liabilities | €36.0M | €37.0M |
| Proceeds From Disposals of Property Plant and Equipment Intangible Assets Other Than Goodwill Investment Property and Other Noncurrent Assets | €4.0M | €4.0M |
| Profit Loss Attributable To Ordinary Equity Holders of Parent Entity | €1.74B | €595.0M |
| Purchase of Property Plant and Equipment Intangible Assets Other Than Goodwill Investment Property and Other Noncurrent Assets | €10.26B | €7.32B |
| Share of Profit Loss of Associates and Joint Ventures Accounted For Using Equity Method | €49.0M | €150.0M |
Methodology
Every line item above is a fact tagged in TenneT Holding B.V.'s annual report
filed in the European Single Electronic Format (ESEF) under the IFRS
taxonomy (ifrs-full) — the income statement, balance sheet
and cash-flow statement as the filer reported them. Values are shown
as-is, in the reporting currency (EUR), without
rescaling; the row labels map to the underlying concept name (e.g.
Revenue → ifrs-full:Revenue, Operating profit →
ifrs-full:ProfitLossFromOperatingActivities, Diluted EPS →
ifrs-full:DilutedEarningsLossPerShare), and any concept
without a curated label is shown under “Other reported items” with its
de-camel-cased tag name. Only consolidated, default-member facts are
shown (segment / dimensional breakdowns are excluded).
“Derived metrics” (free cash flow, margins, ROE, …) are computed from those facts by the same model the U.S. financials pages use — not tagged by the filer.
Source: machine-readable OIM xBRL-JSON aggregated by filings.xbrl.org (XBRL International). Entity identity is resolved by LEI via the public-domain GLEIF register. This is reference data, not investment advice.