Performance robuste des Investissements, poursuite du déploiement de la stratégie
• Investments delivered a strong performance of +8.5% excluding currency effects, contributing €236 million to NAV, primarily driven by technology assets.
• NAV declined by -12.5% including the dividends, reflecting the -47% fall in the Stellantis share price. Stellantis now represents 20% of Peugeot Invest’s Gross Asset Value.
• Continued execution of the investment strategy and further portfolio refocusing on priority sectors:
− €330 million of disposals, including Immobilière Dassault and the remaining of the stake in LISI
− Investment in Totalmobile-Solvares (Technology), and in Mérieux NutriSciences (business services) with the latter transaction expected to be completed during the second half of 2026
• Significant investment capacity maintained, with net debt of €320 million, down €56 million compared with year-end 2025.
Edouard Peugeot, Chairman of the Board of Directors, said: “During the first half of the year, our Investments portfolio continued to deliver strong growth momentum, demonstrating the relevance of our investment strategy, and the strength of the sectors themes in which our portfolio companies operate. By contrast, our long-standing holdings are operating in a much more challenging environment. Against the backdrop of a global automotive market undergoing profound change and facing particularly difficult conditions, we remain fully committed to supporting Stellantis in its turnaround”.
Jean-Charles Douin, Chief Executive Officer of Peugeot Invest, said: “In the first half of 2026, the good performance of our Investments portfolio was driven by our Technology assets, in particular SpaceX and Doctrine. This illustrates our ability to position ourselves in assets with high value-creation potential. During the period, we crystallised the value created on long-standing assets (LISI and Immobilière Dassault) and we redeployed our capital towards new companies that are leaders in two of our core sectors – business services and technology. With a strong balance sheet, ample liquidity, and fully engaged teams, we have all the drivers in place to continue actively reshaping our portfolio and to seize new investment opportunities with discipline”.