Share

Stock exchange listing

BAM has been listed on Euronext Amsterdam since 1959 (symbol: BAMNB; ISIN code: NL0000337319). The share is included in the AMX index, and options are traded by Liffe, the Euronext derivatives exchange. The market capitalisation at year-end 2025 was €2.4 billion (year-end 2024: €1.1 billion)

Investor relation policy

The purpose of the investor relations policy is to provide accurate, transparent and consistent information simultaneously and in a timely manner to stakeholders, which include existing and potential shareholders, financial institutions, brokers and the media. BAM intends to ensure there is a clear understanding about its strategy, performance and decisions to create awareness and confidence. Information is made available through the annual report, quarterly financial and other information, press releases and presentations to investors, which are all available on the Company’s website. BAM discloses price-sensitive information without delay through press release and on its website.

BAM has embedded a closed period in its reporting calender. In this period, the Company does not enter into contact with investors, analysts or the press about the general business. This closed period starts six weeks prior to the publication of each annual report and half-year report and three weeks prior to the publication of the first and third quarter trading updates.

More information about investor relations is available on www.bam.com under the link ‘Investor relations’ or from Michel Aupers, Manager Investor Relations, at ir@bam.com, telephone +31 (0)30 659 89 88.

Share price

The 2025 closing price of the ordinary share was €9.30, which was 121% above the closing price at year-end 2024 (€4.20). The AMX index ended the year up 10%. BAM’s share price has increased by 444% over the last five years. By way of comparison, the AEX and the AMX indexes rose by 52% and 2% respectively in the same period.

Graph 75 shows the history of the BAM ordinary share price over the past five years.

Trading volume on Euronext Amsterdam

The average daily trade in BAM shares was 934 thousand shares (2024: 829 thousand). In 2025, the average daily trade in BAM shares amounted to €6.3 million (2024: €3.2 million).

Specification of the number of outstanding shares

2025

2024

Outstanding ordinary shares as at 31 December

272,000,000

284,037,876

Treasury shares

14,797,758

20,514,054

Ordinary shares ranking for dividend as at 31 December

257,202,242

263,523,822