Vopak Q1 net profit €85M, free cash flow €224M, launches €100M buyback
Vopak reported Q1 2026 net profit of EUR 85 million (EPS EUR 0.74) and operating free cash flow of EUR 224 million, completing 16% of its EUR 100 million share buyback. It has EUR 1.1 billion in gas and industrial infrastructure and EUR 200 million for energy transition projects.
1. Financial performance
In Q1 2026 Vopak delivered revenues of EUR 333.2 million, net profit of EUR 85.1 million (EPS EUR 0.74) and proportional EBITDA of EUR 294.6 million, with subsidiary occupancy holding at 91%.
2. Cash flow and share buyback
Proportional operating free cash flow reached EUR 224.4 million (EUR 1.96 per share). The first tranche of the EUR 100 million share buyback programme was launched, with 16% completed by 17 April.
3. Growth commitments and outlook
Vopak has EUR 1.1 billion in gas and industrial infrastructure projects under construction in the Netherlands, India and Canada, alongside about EUR 200 million in energy transition infrastructure in Brazil and Malaysia. It confirmed its 2026 outlook, highlighting resilience to market uncertainties and currency movements.