Active implementation of the new strategy and robust investment performance
• Robust performance from Investments (+9.2% excluding currency effects), driven by listed holdings;
• Continued decline in Stellantis’ share price (–33%) and significant impact of the dollar depreciation on the rest of the portfolio (–€160 million);
• Net Asset Value: €157.9 per share as of 30 June 2025, representing a performance of
-11.8% including dividend (–8.3% excluding currency effects);
• Deployment of the new investment strategy, more influential, more concentrated and sec-tor-focused:
− Disposal of investments in SPIE, JDE Peet’s and IHS after significant performance since the beginning of the year,
− Refocusing of the fund portfolio through a major secondary sale,
− Two new investments in our target sectors: Novétude (healthcare) and BroadStreet Partners (financial services).
• Significant investment capacity with net debt reduced to €339 million.
Jean-Charles Douin, Chief Executive Officer of Peugeot Invest, stated: “The first half of 2025 was marked by an adverse currency effect and the decline in Stellantis’ share price. In this environment, Peugeot Invest demonstrates the strength of its portfolio and the relevance of its strategy. The implementation of our new, more focused and influential investment approach, together with the strengthening of our financial structure, enables us to look to the future with confidence and ambition”.