Semi-annual report 30 June 2025

Results

Quest for Growth closed the first six months of the financial year with a net profit of € 3.8 million. Return on equity was +2.83%. Quest for Growth shares saw their share price increase by 1.5% over the first six months of the year to a closing price of € 4.04 euro on 30 June 2025. The discount of the share price to net asset value remained virtually stable at 45.2% at the end of June, compared to 44.5% at the end of 2024.

New reference shareholder

In mid-June, Belfius Insurance announced that it was considering selling its 11.98% stake in Quest for Growth. At the end of June, an acquisition agreement was reached with Messrs Jos B. Peeters and Philippe Haspeslagh to take over Belfius Insurance’s stake. Messrs Peeters and Haspeslagh are both co-founders of Quest for Growth. This makes Mr Peeters the new reference shareholder of Quest for Growth.