Antin Infrastructure Partners, a private-equity company based in France, has announced higher first-half revenue driven by increased management fees. The company reported underlying EBITDA of EUR82.8 million, up over 70% from the same period last year. Underlying net profit also nearly doubled to EUR60.7 million, while revenue saw a significant increase of 44% to EUR138.1 million.
Antin attributed its revenue growth to a rise in fee-paying assets under management, which reached EUR19.1 billion as of June 30, representing a 3.5% increase since the start of the year and a substantial 45% increase compared to the previous year. The company currently manages a total of EUR30.7 billion in assets.
The growth in management fees was partly offset by a 24% increase in underlying personnel expenses due to higher headcount, wage increases linked to inflation, and promotions. However, despite this, Antin’s board declared an interim dividend of EUR0.32 per share, more than double the dividend paid out in the previous year.
While the company has lowered its full-year guidance for underlying EBITDA to EUR200 million, it is still a significant improvement from last year’s EUR118.5 million. This adjustment places it within the lower end of the previously estimated range of EUR200 million to EUR240 million.
Overall, Antin Infrastructure Partners has demonstrated strong performance in the first half of the year, with substantial revenue growth and increased profitability driven by its growing portfolio of fee-paying assets under management.