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Peugeot Invest (PEUG) investor relations material
Peugeot Invest H2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Investments grew 14.1% in 2025, driven by strong listed asset performance, despite a 20% decline in Stellantis shares and negative FX impacts.
Net asset value (NAV) per share declined 5.6% to €169.2, with a share price of €75.8, narrowing the NAV discount.
Active portfolio rotation included €667 million in divestments and €432 million in new investments, focusing on four core sectors: healthcare, business services, financial services, and technology.
Robust financial structure with net debt reduced to €376 million and strong liquidity, supporting resilience and future investment capacity.
New investments included BroadStreet Partners, Novétude, and the merger of Solvares and Totalmobile.
Financial highlights
NAV declined 5.6% year-over-year to €4.2 billion, or -1.7% excluding FX, mainly due to Stellantis and FX headwinds.
Net profit group share rose to €259.4 million, mainly due to higher gains on divestments and fair value remeasurements.
Revenue increased to €362.3 million in 2025 from €250.2 million in 2024.
Dividend proposed at €3.25 per share, maintaining a 10-year CAGR of 7%.
Share price rose 8.1% in 2025, outperforming NAV and key indices.
Outlook and guidance
Focus on restoring revenue growth and positive operating margins at Stellantis after a €22.3 billion net loss and suspended 2026 dividend.
Continued asset rotation and capital deployment in core sectors, with at least one more transaction expected in 2026.
Positive guidance for 2026, with expectations of strong execution and improvement in industrial free cash flow.
Confident in portfolio resilience despite geopolitical and economic uncertainties.
- NAV per share fell 22% to €182.7, but net income and dividend stability were maintained.PEUG
H2 202426 Dec 2025 - NAV per share fell 11.8% to €157.9 as disposals and new investments refocused the portfolio.PEUG
H1 202518 Sep 2025 - NAV down 3.7% to €5.65bn, net profit €306.5m, with active portfolio rotation.PEUG
H1 202413 Jun 2025
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