EURAZEO CONFIRMS THE EXCELLENT MOMENTUM OF ITS ASSET MANAGEMENT AND IMPROVES ITS PORTFOLIO VALUE CREATION IN H1 2026

Strong asset management growth

• Fundraising: €2.3bn (€2.1bn in H1 2025)

• Assets Under Management (AUM): +9% to €40bn, including +13% for third parties

• Fee Paying AUM (FPAUM): +6% to €29.4bn, including +13% for third parties

• Management fees: €213m, including +14% ^[1] for third parties

• Asset management EBITDA up +20%.

Positive value creation in the balance sheet portfolio in H1, in line with guidance

• Balance sheet portfolio net value: €6.9bn, or €105.4 per share (+3.3%)

  • Value creation of +0.3%

  • Value creation per share of +2.3%, including share buybacks

• Confirmation of continued improvement in value creation over the year

Asset rotation in line with the plan

• Realizations: €0.7bn (€0.3bn announced and realized for the balance sheet, or 4.3% of the prior year portfolio)

• Deployments: €1.9bn

• Significant exit volumes expected in 2026, with several processes initiated

Strong improvement in net income

• Net income Group share: - €6m (compared to a loss of -€311m in H1 2025)

• Strong growth in asset management and a return to value creation on the balance sheet

Shareholder return consistent with the strategic plan

• +10% increase in ordinary dividend per share paid in 2026

• Share buyback program of 4% of share capital in 2026, and 9% in 2027 as announced

• Total shareholder return confirmed at €2.3bn over 2024-2027

Christophe Bavière and William Kadouch-Chassaing, Co-CEOs, said:

“This new semester of growth in asset management, combined with the return to positive value creation in our balance sheet portfolio, confirms the successful execution of our strategic plan. The profitability of our asset management business continues to improve, with double-digit growth in its EBITDA. At the same time, after several half‑years marked by valuation adjustments, our balance sheet portfolio is once again creating value, driven by the solid operating performance of our investments. This momentum is reflected in a clear improvement in our net income and allows us to continue, as announced, the acceleration of our return to shareholders. The trends observed in this first half-year reinforce our confidence in our long-term growth and value creation trajectory.”

Footnotes

^[1] Excluding forex ↑