Historical performance

The return on the foundation’s securities holdings and liquid assets was DKK 1,410 million in 2024 and DKK 992 million in 2023. This breaks down into unrealised gains of DKK 1,345 million in 2024 and DKK 958 million in 2023, realised income of DKK 75 million in 2024 and DKK 37 million in 2023, and realised and unrealised costs of DKK 10 million in 2024 and DKK 3 million in 2023.

The return in 2024 was the highest in the foundation’s history and exceeded the year’s revenue in the form of dividends from Carlsberg A/S.