Fresh Take on EVERGENT Investments' Impressive Performance
EverGent Investments delivers a net revenue of 263.66 million Romanian Leu in 2024, marking a 29% increase from 2023, and offering shareholders a remarkable return of 22.94%. This surpasses BET-TR's return of 16.15% in the same period.
In a remarkable turn of events, investment powerhouse EVERGENT—as denoted by the ticker symbol EVER—has unveiled a staggering net result of RON 263.66 million for the year 2024, marking a colossal 29% year-over-year increase and outstripping the anticipated level by a mind-boggling 175%.
The net result is the company's main storyline and incorporates net profit and net gains from the sale of financial assets classified at fair value through other comprehensive income (FVTOCI), reflected in the retained earnings.
EVERGENT Investments has left investors gleaming with confidence, knocking it out of the park by delivering a total EVER share return of 22.94%. Remarkably, this figure outperformed the benchmark index BET-TR's return of 16.5%, despite the challenging economic and political climate at the end of 2024. The company managed to amass total assets of RON 3.39 billion, boasting a 15% increase compared to December 31, 2023.
"Our company reigned supreme through 2024, registering impressive growth across key financial indicators. Our investment strategy has proven efficient and continues to generate value for shareholders," declared Claudiu Doroș, the President of the Board of Directors of EVERGENT Investments, and Cătălin Iancu, the CEO, according to recent reports.
EVERGENT Investments devoted RON 81.67 million to the 2024 dividend fund, birthed from 2023's results. The share price dividend yield landed at 7.09%, calculated at ex-date.
About EVERGENT Investments
With a steady footing in the Romanian capital market, EVERGENT Investments—also recognized as a pioneer—contributes to the flourishing community it’s a part of. With a well-thought-out and responsible strategy, EVERGENT Investments thrives on seizing investment opportunities, both in the capital market and through private equity projects in real estate, technology, and agribusiness.
Through its dependable dividend policy and buyback programs, the company rewards its shareholders with both near-term profits and long-term prospects for boosting the value of their assets. In the last 15 years, the company has shelled out over RON 1 billion in dividends and the value of assets under management shot past the impressive threshold of 650 million euros[1].
*This is a Press release.
EVERGENT Investments has its sights set on continued growth, maintaining its investments in 2025 with a budget of RON 224.9 million[2]. The company remains dedicated to generating profits via the robust performance of its portfolio and solidifying its position in the capital market[2].
Key strategic elements include:- Continued Investment Strategy: EVERGENT Investments will stay the course with its well-defined investment strategy, proven successful in yielding financial results and nurturing investor trust[2].- Dividend Distribution: The company has greenlit a dividend fund of RON 97,759,147.20, underscoring the effectiveness of its investment strategy[2].- Share Buyback Program: The company plans to nab back up to 39,730,955 shares, representing 4.46% of its share capital. This undertaking includes both market transactions and a public purchase offer, intended for reducing share capital and enacting stock option plans[1][2].
- The impressive performance of EVERGENT Investments in 2024 has reinforced the confidence of investors, as the company outperformed the benchmark index and increased its total assets by 15%.
- EVERGENT Investments is charting its course for continued growth in 2025, with a budget of RON 224.9 million, focusing on a steady investment strategy, dividend distribution, and a share buyback program.
