Robust foundations, enticing offerings, and robustness for enhancing profit margins in the subsequent period.

In the opening months of 2025, Renault Group showcased a robust financial standing, with the self-financing capacity of its Automobile activity reaching an impressive 2,045 million euros.

Despite a challenging financial contribution from Nissan, amounting to -€2,331 million in associated companies and a -€9,315 million loss due to the evolution of the accounting treatment of the participation in Nissan, the Group managed to maintain its momentum.

The Group's vehicles continued to display a consistently reducing vehicle cost, a testament to its ongoing efficiency efforts. The contribution of Mobilize Financial Services added 668 million euros to the Group's operating margin, marking an increase of 75 million euros compared to the first half of 2024.

Renault Group's focus on the most profitable sales channel for private customers in Europe paid off, with the Automobile division's turnover amounting to €24,490 million, a 0.5% increase compared to the first half of 2024. At constant exchange rates, this figure rose by 1.6%.

The Group's flagship event of the year, the IAA Mobility 2025 in Munich, saw the unveiling of the sixth generation of the Renault Clio, along with electric models such as the Renault 5 E-Tech Electric and Renault 4 E-Tech Electric. The event also showcased concept vehicles like the Emblème and Renault 5 Turbo 3E electric mini-supercar.

Looking ahead, the Group expects a superior second semester performance due to a stronger volume effect, higher orders in June, ramp-up of launches, and increasing sales to partners. This optimism is reflected in the Group's turnover for the first half of 2025, which reached €27,640 million, a 2.5% increase compared to the first half of 2024.

Despite the challenges, the Group recorded an operating margin of €1,653 million, or 6.0% of turnover, in the first half of 2025. The Automobile division's operating margin amounted to €989 million, representing 4.0% of the Automobile division's turnover. However, the Group's operating result stood at -8,404 million euros in the first half of 2025.

Renault Group's factories maintained a high average utilization rate, around 90%, and the Group managed its inventory strictly. The Group also demonstrated a rigorous approach to residual values, with values that are 4 to 13 points above European peers. Renault Group continues to prioritize value creation over volumes to protect the residual values of its vehicles.

The net result, Group share, was -11,185 million euros (or -40.90 euros per share) in the first half of 2025. At constant exchange rates, the Group's turnover increased by 3.6%. The Group's factories have a high average utilization rate, around 90%.

In conclusion, while the first half of 2025 presented some financial challenges for Renault Group, the company's resilience and strategic focus on value creation over volumes have allowed it to maintain a robust financial standing and set the stage for a promising second half of the year.

Robust foundations, enticing offerings, and robustness for enhancing profit margins in the subsequent period.