Evolution of the accounting treatment of Renault Group's stake in Nissan

Group 1 - Renault Group will change the accounting treatment of its stake in Nissan from the equity method to a financial asset measured at fair value through equity as of June 30, 2025 [1][4] - The financial impact of this change is estimated at a loss of €9.5 billion, recognized in the income statement, primarily in other operating income and expenses, with no cash impact [4][5] - This accounting change aligns the value of Renault Group's stake in Nissan with Nissan's stock price, while operational projects and collaborations between the two companies remain unaffected [4][6] Group 2 - Renault Group sold 2.265 million vehicles in 2024 and operates in 114 countries, employing over 98,000 people [2] - The Group is focused on developing new technologies and services, aiming for carbon neutrality in Europe by 2040 [3] - Renault Group's strategic cooperation with Nissan continues to emphasize joint industrial and technological development programs, reflecting a commitment to maximizing synergies and creating value [4]