1 Corporate information
The Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. (hereafter referred to as ‘FMO’ or ‘the company’) was incorporated in 1970 as a public limited company with 51 percent of shares held by the Dutch Government and 49 percent Read more about 1 Corporate information .
2 Basis of preparation and changes to accounting policies
These condensed consolidated interim financial statements as at June 30, 2026 have been prepared in accordance with IAS 34 of the IFRS Accounting Standards as issued by the International Accounting Standards Board (IASB), as adopted by the European Read more about 2 Basis of preparation and changes to accounting policies .
3 Segment information
The Management Board sets performance targets, approves and monitors the budgets prepared by servicing units. Servicing units are not identical to the strategic sectors. Read more about 3 Segment information .
4 Financial instruments and other investments
The following table shows the carrying amounts of financial assets and financial liabilities. Read more about 4 Financial instruments and other investments .
6 Debentures and notes
Debentures and notes include senior unsecured and subordinated debt instruments in various currencies issued under FMO's debt issuance programs. Read more about 6 Debentures and notes .
7 Interest income
Included in the interest income on loans is €11.3 million (2025: €10.3 million) related to Stage 3 loans (adjusted on basis of net carrying amount). Read more about 7 Interest income .
10 Results from equity investments
Refer to Note 4.5 for details of the movements in results from equity investments. Read more about 10 Results from equity investments .
12 Results from financial transactions
The movement of results from financial transactions can be mainly explained by changes in valuations for derivatives and FX results. Read more about 12 Results from financial transactions .
13 Remuneration for services rendered
Remuneration for managing funds and programs is assessed for market conformity. Related management expenses are included in operating expenses. Read more about 13 Remuneration for services rendered .
15 Income taxes
Current income tax receivables amount to €3.2 million (December 31, 2025: €0.9 million). The domestic corporate income tax rate for 2026 is 25.8 percent (2025: 25.8 percent). Read more about 15 Income taxes .
17 Commitments and contingent liabilities
To meet the financial needs of borrowers, FMO enters into various irrevocable commitments (loan commitments, equity commitments and guarantee commitments) and contingent liabilities. Read more about 17 Commitments and contingent liabilities .
18 Related parties
FMO defines the Dutch Government, FMO's subsidiaries, joint ventures, associates, the Management Board (MB), and Supervisory Board (SB) as related parties. Read more about 18 Related parties .
19 Dividends
At December 2025, the Management Board and the Supervisory Board proposed distributing a sum of €2.0 million (2024:€10.6 million) as cash dividend to shareholders. Read more about 19 Dividends .
20 Events after the end of the reporting period
There have been no significant subsequent events between the balance sheet date and the date of approval of these accounts which would impact the condensed consolidated interim financial statements as per June 30, 2026. Read more about 20 Events after the end of the reporting period .