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Scaling impact in a fragmented world

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LETTER FROM THE MANAGEMENT BOARD

Thanks to our partnerships and the strength our customers have shown, we achieved a record year for new investments, reaching €3.9 billion in commitments, surpassing last year’s result and contributing strongly to our Strategy 2030 ambitions. 

 

2025 PERFORMANCE

Decent Work & Economic Growth

€3,940 million

invested in developing and emerging markets in 2025

894 thousand

jobs supported

Reduced Inequalities

€2,231 million

invested in projects aimed at reducing inequalities within and among countries in 2025

Climate Action

€1,761 million

invested in Green projects in 2025

2,028 ktCO2e

total financed avoided greenhouse gas emissions

OUR STRATEGY

To achieve our 2030 ambitions, we pioneer, develop, and scale across three focus sectors: Agribusiness, Food & Forestry (AFF), Energy (EN), and Financial Institutions (FI). By focusing on these sectors, our portfolio contributes to food security, access to renewable energy, and a healthy financial sector, key enablers of inclusive and sustainable development. In addition to investing debt and equity in our focus sectors, we selectively invest in generalist private equity and venture capital funds because of their demonstrated impact on developing the private sector in low- and middle-income countries (LMICs).

A SELECTION OF OUR INVESTMENTS

SDG 8 | 10

Robust International Pte Ltd
Multinational agri-commodity processor transforming Africa’s agricultural value chains

SDG 8 | 13

GH2 Industries (Private) Limited
Accelerating the shift to true green hydrogen in Pakistan

SDG 13

Responsible Commodities Facility (RCF)
Driving deforestation‑free agriculture across Brazil’s Cerrado

SDG 8 | 13

Nile Fresh Pty Ltd
Connecting farmers and buyers through efficient digital trade in South Africa

SDG 8 | 13

Sol de la Sierra
Largest renewable distributed generation project in Colombia

SDG 8 | 10 | 13

Ilute Solar Limited
Special purpose vehicle for solar power project in Zambia

SDG 13

Sustainable Asia Renewable Assets Pte. Ltd.
Scaling Southeast Asia’s next-generation renewable power platform

SDG 8 | 10

I&M Bank Rwanda
Leading financial partner in East-Africa

SDG 8 | 10

1st Valley Bank
Empowering rural Philippines through inclusive, accessible banking

SDG 8 | 10

Coris Holding
Expanding inclusive finance for West Africa’s underserved entrepreneurs

SDG 10

Banco BBVA Perú
Empowering Peru’s women entrepreneurs through inclusive finance

SDG 8 | 10

ASA International
Backing women‑led microbusinesses across Africa and Asia

SDG 8 | 10 | 13

Vietnam Maritime Commercial Join Stock Bank (MSB)
Driving green, inclusive finance across the Vietnam's rural economy

SDG 13

Banco Bolivariano
Leading financier in the aquaculture sector in Equador

Agribusiness, Food and Forestry sector

Accelerating sustainable and resilient agricultural supply chains to increase food security.

Energy sector

Driving and supporting sustainable energy access and transition.

Financial Institutions sector

Creating inclusive, resilient and sustainable financial sectors.

Total committed portfolio

€15.3 BLN

Where we invest

Africa €4.6bln • Asia €3.1bln • Europe and Central Asia €2.8bln • Latin America & the Caribbean €3.1bln • Non-region specific €1.7bln

2026 Outlook

Against a backdrop of economic and geopolitical uncertainty, FMO’s role as a development finance institution is more vital than ever. In 2026, we will build on our strong performance in 2025 and stay on course toward our Strategy 2030 goals by focusing on (i) growing our impactful business, (ii) further strengthening our capabilities and (iii) ensuring our foundation is solid.