Marketable securities broke down as follows at December 31, 2025 :
| (in thousands of euros) | December 31, 2025 | December 31, 2024 |
|---|---|---|
|
Excluding liquidity contract: |
Excluding liquidity contract: December 31, 2025
|
Excluding liquidity contract: December 31, 2024
|
|
Treasury shares |
Treasury shares December 31, 2025319,131 |
Treasury shares December 31, 2024294,981 |
|
Held under the liquidity contract: |
Held under the liquidity contract: December 31, 2025
|
Held under the liquidity contract: December 31, 2024
|
|
Money UCITS funds (SICAV) |
Money UCITS funds (SICAV) December 31, 202517,891 |
Money UCITS funds (SICAV) December 31, 202414,361 |
|
Treasury shares |
Treasury shares December 31, 20252,113 |
Treasury shares December 31, 20244,970 |
|
Provisions for impairment: |
Provisions for impairment: December 31, 2025
|
Provisions for impairment: December 31, 2024
|
|
Excluding liquidity contract |
Excluding liquidity contract December 31, 2025– |
Excluding liquidity contract December 31, 2024– |
|
Held under the liquidity contract |
Held under the liquidity contract December 31, 2025– |
Held under the liquidity contract December 31, 2024(26) |
|
Total marketable securities (net amount) |
Total marketable securities (net amount) December 31, 2025339,135 |
Total marketable securities (net amount) December 31, 2024314,286 |
The movements for the financial year and position at the reporting date for marketable securities (excluding the liquidity contract) are summarized in the table below:
| (in thousands of euros, except for share data) | Number of shares | Gross book value | Impairment | Net book value |
|---|---|---|---|---|
| Treasury shares held as marketable securities (excluding the liquidity contract) at December 31, 2024 | Treasury shares held as marketable securities (excluding the liquidity contract) at December 31, 2024 Number of shares 3,524,113 |
Treasury shares held as marketable securities (excluding the liquidity contract) at December 31, 2024 Gross book value 294,981 |
Treasury shares held as marketable securities (excluding the liquidity contract) at December 31, 2024 Impairment – |
Treasury shares held as marketable securities (excluding the liquidity contract) at December 31, 2024 Net book value 294,981 |
| Disposals and deliveries of free shares to employees | Disposals and deliveries of free shares to employees Number of shares (1,716,935) |
Disposals and deliveries of free shares to employees Gross book value (125,788) |
Disposals and deliveries of free shares to employees Impairment – |
Disposals and deliveries of free shares to employees Net book value (125,788) |
| Share buyback | Share buyback Number of shares 1,610,899 |
Share buyback Gross book value 149,938 |
Share buyback Impairment – |
Share buyback Net book value 149,938 |
| Treasury shares held as marketable securities (excluding the liquidity contract) at December 31, 2025 | Treasury shares held as marketable securities (excluding the liquidity contract) at December 31, 2025 Number of shares 3,418,077 |
Treasury shares held as marketable securities (excluding the liquidity contract) at December 31, 2025 Gross book value 319,131 |
Treasury shares held as marketable securities (excluding the liquidity contract) at December 31, 2025 Impairment – |
Treasury shares held as marketable securities (excluding the liquidity contract) at December 31, 2025 Net book value 319,131 |
As of December 31, 2025, 23,900 shares were held under the liquidity contract (versus 48,000 at December 31, 2024).
