Universal Registration Document 2025 (Peugeot Invest)

Summary

• Gross revalued assets stood at €4.8 billion at 31 December 2025, with net asset value per share of €169.2.p.5
• The diversified investments delivered +14% performance at constant exchange rates in 2025.p.11
• New investments reached 432 M€ and divestments 667 M€ in 2025, with liquidity of 1 132 M€.p.5
• Peugeot Invest invested 105 M€ in Novétude and 125 M$ in BroadStreet Partners, and committed 114 M€ to 5 private equity funds.p.10

Key insights

1. The group secured 100 M€ of long-term financing (USPP) at a fixed rate of 4.62%.p.11
2. Peugeot Invest received 142 M€ in dividends and paid 81 M€ to shareholders.p.11
3. The strategy was refocused on equity investment in listed holdings, unlisted holdings and private equity funds, mainly in Europe and North America.p.16
4. Peugeot Invest targets holdings of at least 5% in listed companies and between 10% and 50% in unlisted ones.p.18
5. Ticket sizes are 75 M€ to 250 M€ for holdings and commitments of 25 M€ to 75 M€ for funds.p.18
6. The Board has 50% independent directors and 50% women directors, held 12 meetings in 2025, with 98% attendance.p.21
7. Rothschild & Co assets under management rose 16% to 143 billion euros.p.36