Hermès International: Situation of the liquidity contract as of December 31, 2025

Core Insights - The liquidity contract between Hermès International and BNP Paribas shows a significant amount of outstanding means as of December 31, 2025, totaling €15,708,069 and 4,618 shares [1] - The trading activity in the second half of the year included 73,749 shares bought across 2,816 transactions, amounting to €159,697,360, while 72,547 shares were sold in 3,444 transactions for €157,514,941 [1] - Compared to the first half of 2025, there was a decrease in outstanding means, which were €17,719,592 and 3,416 shares as of June 30, 2025 [1] Summary of Trading Activity - In the second half of 2025, total buy transactions were 73,749 shares, while sell transactions were 72,547 shares [1] - In the first half of 2025, total buy transactions were higher at 87,824 shares, with sell transactions at 85,073 shares [1] - The total value of buy transactions in the second half of 2025 was €159,697,360, while the sell transactions totaled €157,514,941 [1] Historical Context - The first application of the AMF 2021-01 decision on July 1, 2021, recorded outstanding means of 496 shares and €18,278,671 [1] - The first application of the AMF 2018-01 decision on December 31, 2018, showed outstanding means of 9,166 shares and €10,762,173 [1]