HAL Trust

HAL Trust

HALFF
HAL TrustUS flagOther OTC
192.12
USD
+3.87
- -
17.35BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
Revenue per Share
82.21
83.59
89.89
90.36
90.09
52.03
57.94
59.69
82.14
111.93
140.97
138.47
141.79
Basic EPS, GAAP
5.32
6.64
7.29
9.78
4.37
1.74
7.44
6.99
47.63
7.23
11.17
13.39
17.68
Free Cash Flow per Basic Share
2.29
3.86
7.9
5.43
3.36
3.01
9.22
11.94
8.45
6.2
14.03
14.43
16.91
Dividend per Share
0.73
0.21
0.24
1.21
3.12
2.78
2.42
2.71
2.24
2.76
2.47
2.85
2.9
Book Value per Share
56.72
59.48
76.68
84.46
84.18
83.2
88.72
88.52
137.64
143.97
151.37
163.59
173.09
Tangible Book Value per Share
29.29
30.72
47.01
57.64
55.73
53.93
75.65
74.33
112.03
103.62
114.43
124.11
137.98
Basic Weighted Avg Shares
81
84
86
89
89
89
89
89
90
89
90
90
90
Sales/Revenue/Turnover
6,669
7,005
7,773
8,045
8,056
4,651
5,181
5,321
7,364
10,015
12,623
12,510
12,807
Operating Margin (%)
10
11.82
11.97
11.28
10.16
9.73
7.26
4.68
8.59
-2.23
9.23
10.39
14.34
Depreciation Expense
614
569
589
597
692
694
1,042
686
743
1,640
1,332
1,307
1,076
Net Income, GAAP
431
557
630
871
390
155
666
623
4,270
647
1,000
1,210
1,597
Effective Tax Rate (%)
17.25
20.4
22.39
13.99
23.92
35.18
13.65
16.48
3.79
27.2
14.26
17.75
12.73
Profit Margin (%)
6.47
7.95
8.11
10.83
4.85
3.34
12.84
11.7
57.99
6.46
7.93
9.67
12.47
Working Capital
553
881
2,079
2,631
2,109
1,794
3,243
3,294
6,257
3,558
2,905
2,125
2,905
LT Debt
3,002
3,717
3,668
2,970
2,526
2,594
2,909
3,251
3,866
4,001
3,178
3,598
3,735
Total Equity
6,073
6,503
8,563
9,759
9,751
9,910
10,549
10,579
14,806
15,238
15,872
16,908
17,736
Return on Invested Capital (%)
5.74
6.4
6.01
5.81
4.59
2.17
2.32
1.43
3.53
-0.79
4.7
4.98
7.16
Return on Capital (%)
3.81
4.7
4.14
4.39
2.22
0.09
2.74
2.6
24
4.59
4.97
5.48
6.39
Return on Common Equity (%)
9.73
11.44
10.69
12.14
5.13
2.06
8.57
7.78
41.81
5.08
7.5
8.5
10.5

Capital Structure

FRC

in mil. unless spec.
No data availableFinancial data will appear here once available

Working Capital

FRC

in mil. unless spec.
No data availableFinancial data will appear here once available

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.07%
11.69%
4.9%
Free Cash Flow
24.96%
18.34%
17.15%
Net Income, GAAP
85.34%
121.68%
32.01%
Sales/Revenue/Turnover
7.74%
20.38%
2.37%
Total Cash Common Dividend
57.54%
2.75%
1.71%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
12,510
2025
- -
- -
- -
- -
12,807
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
13.39
2025
- -
- -
- -
- -
17.68
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
2.85
2025
- -
- -
- -
- -
2.9
2026
- -
- -
- -
- -
- -

Company Description

CEO
Jaap van Wiechen
Full Time Employees
31,846
Sector
Financial Services
Industry
Financial - Conglomerates
Address
Weena 696 Rotterdam NH Netherlands CN 3012
IPO Date
Jul 8, 2013
Business
HAL Trust is a Bermuda-based international investment holding company that wholly owns HAL Holding N.V., which pursues long-term investments in a diversified portfolio of listed and unquoted companies across multiple sectors including marine services, construction, technology, real estate, optical retail, staffing, building materials, media, and agriculture; through HAL Investments B.V., its Dutch operating subsidiary, it holds significant stakes in entities such as Boskalis Westminster (dredging and marine infrastructure), Coolblue (e-commerce), SBM Offshore (offshore energy solutions), Prodrive Technologies (high-tech manufacturing), VolkerWessels (construction and infrastructure), Broadview Holding (industrial companies), and Koppert Biological Systems (biological crop protection); it also manages real estate development and investments, primarily in the Netherlands and the United States. Founded in 1873 with origins in the Holland Amerika Line shipping business, HAL Trust is headquartered in Willemstad, Curaçao, with key operations managed from Rotterdam, Netherlands following a 2023 head office relocation; its investments span Europe, North America, Asia, and other regions, targeting industries with strong growth potential and aiming to enhance shareholder value through active ownership. Recent major developments include the October 2025 announcement to acquire VolkerWessels Nederland, a significant construction division valued at approximately €1.4 billion in collaboration with Boskalis; a July 2025 letter of intent with Boskalis and VolkerWessels for this strategic infrastructure expansion; the completion of a takeover offer for Boskalis in 2022, increasing HAL's stake to 98.3%; a February 2024 €140 million preferred share investment in Koppert Biological Systems to fund global production expansion and M&A in biological agriculture; the August 2025 first half-year report showing net income of €1,024 million driven by quoted holdings and unquoted performers like Boskalis; a 5.3% stake acquisition in semiconductor firm Siltronic for high-margin diversification; and Executive Board composition changes announced in November 2024 alongside robust net asset value growth to €15.5 billion as of December 2024.

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