The evolution of the NAV compared to June 30, 2025, notably includes a positive impact linked to value creation within the business lines of +4.4 euros per share, which offset a negative impact related to market multiple fluctuations of -3.6 euros per share.

Regarding its income statement, Chargeurs posted a group share net loss of -26.5 million euros for the year 2025, compared to a profit of 7.3 million euros in 2024, and an EBITDA down 19.5% to 52.3 million euros, representing a margin decline of 1.6 points to 7.3%.

At 713.4 million euros, its revenue decreased by 2.2% overall and by 1.4% on an organic basis, although the group noted stability at constant exchange rates, supported by positive dynamics in Personal Goods, Museum Studio, and Novacel.

Chargeurs added that the sale of Novacel, expected to be finalized during the second quarter of 2026, strengthens its strategic and financial profile. Driven by this transaction, the group is targeting a Net Asset Value of 1 billion euros by 2030.