Hal Trust/€HAL

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About Hal Trust

HAL Trust is an international investment company with a diversified portfolio, primarily focused on acquiring significant equity stakes in both publicly traded and private companies across various industries. Headquartered in the Netherlands, HAL Trust manages investments through subsidiaries involved in optical retail, technology, media, and other sectors. Its most notable businesses include GrandVision, a global optical retailer, and unlisted companies in fields such as audio-visual communications and healthcare. HAL Trust has a strategic focus on long-term value creation, utilizing a decentralized management model to leverage local expertise in its investments. The trust's historical roots trace back to 1873 with the founding of the Holland America Line, though its current investment orientation reflects a shift initiated in the mid-20th century toward diverse asset management.

Ticker

€HAL
Sector

Primary listing

AEX

Employees

32,474

Hal Trust Metrics

BasicAdvanced
€13B
7.46
€19.08
0.66
€2.90
2.04%

What the Analysts think about Hal Trust

Majority rating from 3 analysts.
Hold

Bulls say / Bears say

HAL Trust reported H1 2025 net income of €1,024 million versus €510 million in H1 2024, more than doubling profitability in the first half (MarketScreener)
Net asset value increased by €847 million in H1 2025, underscoring broad-based portfolio appreciation across its diversified holdings (MarketScreener)
Unquoted consolidated companies delivered revenues of €10,019 million in 2024, highlighting strong underlying business performance beyond public equity stakes (Reuters via TradingView)
Management refrains from issuing net income guidance, noting that earnings are highly dependent on quoted portfolio performance and subject to significant market valuation swings (MarketScreener)
Revenues of €10,019 million from unquoted consolidated companies in 2024 lack the transparency of listed holdings, exposing the trust to valuation and performance risks in its private assets (Reuters via TradingView)
With a distribution rate of just 21.7% and a modest dividend yield of approximately 2.38%, HAL Trust’s payout policy may fall short for income-focused investors seeking higher returns (Investing.com) (MarketsScreener)
Data summarised monthly by Lightyear AI. Last updated on 30 Aug 2025.
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.

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