Interest income and expenses are allocated to the period to which they relate on a time proportion basis, using the effective interest method. Construction interest is allocated to investment projects with an estimated duration of more than 12 months.
|
€ Million |
2025 |
2024 |
|
Interest income |
125 |
110 |
|
Total financial income |
125 |
110 |
|
Other financial expenses |
89 |
56 |
|
Total financial expenses |
89 |
56 |
|
Total, net income |
36 |
54 |
Net financial income and expenses for 2025 decreased by € 18 million compared to 2024.
Interest expenses increased by € 33 million, mainly as a result of the issuance in April 2025 of two bonds of nominal € 500 million each with a coupon of 3.250% and 3.625%, and the issuance in November 2025 of a bond of nominal € 500 million with a coupon of 3.375%. In addition, the interest expenses for the green bond issued in May 2024 for a full year are included in the interest expenses for 2025.
Bonds are lent on to Enexis Netbeheer B.V. under equivalent conditions and interest rates, which in principle increases interest income by € 33 million. However, there is a dampening effect on this interest income on the current account with Enexis Netbeheer B.V. as a result of a lower interest rate (€ 20 million). In addition, there is increased interest income on surplus cash that has been temporarily placed on deposit. Combined, these effects have led to an increase in interest income of € 15 million.