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Read more about Consolidated statement of changes in shareholders’ equity .
Read more about Consolidated statement of comprehensive income .
Read more about Consolidated statement of financial position .
Read more about Consolidated statement of profit and loss .
For previous annual reports, please visit our reporting center. Read more about Downloads .
To: the shareholders and supervisory board of Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. Read more about Independent auditor's review report .
Read more about List of abbreviations .
Welcome to FMO’s interim report 2025. The report reflects FMO’s work in the first six months of this year, showing our commitment to enabling entrepreneurs to increase inclusive and sustainable prosperity. Read more about Note from the Management Board .
For a detailed overview of FMO’s risk governance and risk management approach please refer to the 'Risk Management' section in FMO’s 2024 Annual Report. The risk developments in the first half year of 2025 are described below. Read more about Risk developments .
No significant changes have taken place in the definition of what constitutes the reporting undertaking and its value chain. Read more about .