
Core Insights - Mobilize Financial Services achieved a 3.8% increase in new financing in the first half of 2025 compared to the same period in 2024, reflecting strong commercial dynamics and growth in vehicle registrations [1][8] - The pre-tax profit rose by 9.7%, indicating the effectiveness of the company's strategy and commitment to sustainable mobility [2][15] - The penetration rate for electric vehicles reached 43.9%, a significant increase of 6.5 points compared to other motorization types [7][9] Commercial Performance - A total of 632,994 contracts were financed in the first half of 2025, showing a slight increase of 0.8% from the previous year [7][10] - The financing activity for used vehicles saw a minor decline of 0.4%, with 153,759 contracts financed [10] - Mobilize Lease&Co financed 120,039 operational leasing contracts, achieving a fleet under management of 655,000 vehicles, a growth of 4% [11] Financial Performance - The Net Banking Income (NBI) reached 1,132 million euros, up 5.3% year-on-year, driven by improved financial margins and increased outstanding loans [13] - Operating costs amounted to 389 million euros, reflecting a stable operating expense ratio of 1.33% relative to Average Productive Assets [14] - The Average Performing Assets (APAs) grew to 58.9 billion euros, a 7.3% increase compared to the same period in 2024 [12] Market Context - The automotive market experienced a slight growth of 0.7%, with Renault Group, Nissan, and Mitsubishi selling 1.19 million vehicles, a 2.3% increase from the first half of 2024 [8] - The overall penetration rate for financing stood at 39.6%, a slight decrease of 0.4 points compared to the previous year [9] Financing Strategy - The company raised 1.3 billion euros in the bond market during the first half of 2025, enhancing the maturity profile of subordinated debt [15] - In the securitization market, 624 million euros in automobile loan-backed securities were placed, with extensions on revolving periods for certain transactions [16] - The savings collection activity reached 30.5 billion euros, representing 49.1% of net assets, highlighting the diversification of financing sources [17][23]