The Royal Heijmans N.V. share

The share capital

The share capital of Royal Heijmans N.V. as at 31 December 2025 was composed as follows:

(x 1000 pieces)

Share capital

Issued capital

2025

2024

2025

2024

Ordinary shares

35,100

35,100

27,478

27,478

Cumulative preference financing shares B

4,900

4,900

-

-

Preference protection shares

8,000

8,000

-

-

Total

48,000

48,000

27,478

27,478

Ordinary shares

The shares are held by the Stichting Administratiekantoor (SA Trust) The nominal value per ordinary share is € 0.30. As at 31 December 2025, the SA Trust had issued 27,475,391 depositary receipts for shares, which are listed on Euronext Amsterdam. For further information on the purpose and functioning of the SA Trust, please refer to the Governance chapter. The development of the number of ordinary shares and depositary receipts and an overview of key figures per ordinary share or depositary receipt is shown in the table below.

Shares x 1,000

2025

2024

2023

2022

2021

2020

Issued 1 January

27,478

26,826

23,553

22,760

21,933

21,409

Stock dividend

-

652

973

792

604

-

Issue

-

-

2,300

-

223

524

Posted 31 December

27,478

27,478

26,826

23,553

22,760

21,933

Issued average year

27,478

27,209

24,933

23,264

22,415

21,671

Earnings per share* x £1.00

4.73

3.31

2.41

2.56

2.24

1.85

Proposed dividend per share x €1.00

2.37

1.60

0.89

1.01

0.88

0.73

Payout ratio %

50%

50%

40%

40%

40%

40%

  • *Per weighted average issued share

Royal Heijmans N.V. is listed on Euronext Amsterdam. Relevant information regarding the stock market listing is shown in the table below:

Heijmans stock exchange listing

2025

2024

2023

2022

2021

2020

Closing price at year-end (in €)

67.60

31.55

12.12

10.12

14.90

9.33

Highest price (in €)

68.40

32.05

12.90

15.70

15.40

9.67

Lowest price (in €)

28.65

12.18

9.99

9.19

9.26

4.47

Dividend yield on closing price (in %)

3.5%

5.1%

7.4%

10.0%

5.9%

7.8%

Market capitalisation at year-end (in € million)

1,858

867

325

238

339

205

Average daily turnover (in numbers)

95,497

110,679

72,101

85,316

122,852

158,183

Issued capital and shareholdings

The composition of the issued capital and associated voting rights as at 31 December 2025 was as follows:

Issued Capital

(Potential) voting rights

Number

%

Number

%

Total ordinary shares at the end of the financial year

27,478,006

100.0%

27,478,006

100.0%

Of which certified

27,475,391

100.0%

27,475,391

100.0%

Of which uncertificated

2,615

0.0%

2,615

0.0%

To the best of Heijmans’ knowledge, and also based on the WMZ (Dutch Major Holdings in Listed Companies Disclosure Act) register maintained by the Dutch Financial Markets Authority (AFM), the following investors held an interest of 3% or more in Heijmans as at 31 December 2025:

Heijmans interests

31 december 2025

31 december 2024

31 december 2023

Capital interest (%)

Potential voting rights (%)

Capital interest (%)

Potential voting rights (%)

Capital interest (%)

Potential voting rights (%)

Waterbird B.V. (Fam. Van Wanrooij)

8.4%

8.4%

8.4%

8.4%

8.6%

8.6%

JP Morgan Asset Management

7.7%

7.7%

3.5%

3.5%

1.9%

1.9%

C.A.C.M. Oomen

5.4%

5.4%

5.4%

5.4%

4.6%

4.6%

ASR Asset Management

5.2%

5.2%

5.2%

5.2%

5.0%

5.0%

Dimensional Fund Advisors

4.3%

4.3%

4.6%

4.6%

3.6%

3.6%

The Vanguard Group

4.2%

4.2%

0.0%

0.0%

0.0%

0.0%

Total capital interest > 3%

35.2%

35.2%

27.1%

27.1%

23.7%

23.7%

Other

64.8%

64.8%

72.9%

72.9%

76.3%

76.3%

Total

100.0%

100.0%

100.0%

100.0%

100.0%

100.0%

Heijmans participated in a number of conferences in 2025, including the ING Benelux Conference in London, the Autumn Conference of Kepler Cheuvreux in Paris, DeGroof Petercam’s Global Leaders Conference in Paris and the ABN AMRO Small Cap Conference in Amsterdam. In total, more than eighty meetings with shareholders and potential shareholders took place.

Based on the information provided by banks and custodians and information services, the distribution of share ownership can be broken down as follows:

During the reporting year the (estimated) shareholding held by institutional investors is likely to have increased slightly to approximately 50% (2024: approximately 43%). It is estimated that 37% of the number of depositary receipts for ordinary shares is held in the Netherlands (end of 2024: 39%). It is estimated that the majority of depositary receipts for ordinary shares held by private investors are held in the Netherlands.

Share price development

At year-end 2025, the closing price of Royal Heijmans N.V. ordinary shareswas € 67.60. This was a gain of 114% compared with the closing price at the end of the 2024 financial year (€ 31.55), and an outperformance of the AMX index, which rose by 11% in the same period. The graph shows the movement in the Royal Heijmans share price in 2025 compared to the AMX index, the AEX and Next20, as well as compared to the other Dutch listed construction company BAM.

Financial calendar 2026

2026

Activities

29 April

Annual General Meeting

8 May

Trading update Q1

21 May

Capital Markets Day

24 July

Publication half year report

30 October

Trading update Q3