PRESS RELEASE – FEBRUARY 26, 2026 2025 Full-Year Results In 2025, Wendel accelerated the transformation of its business model: €1591 million of proforma FRE generated by Wendel Investment ManagersStrengthened operational profile of Wendel Principal Investments Strong progress in the execution of the 2030 strategic roadmap announced in December 2025: €1.65 billion of disposals announced to date More than €5002 million to be returned to shareholders in 2026 Fully diluted3 NAV per share of €164.2 as of De ...

Ebbing worries about AI disruptions and a renewed risk appetite helped the CAC 40 benchmark that tracks the 40 largest French stocks based on the Euronext Paris scale a fresh peak. The index touched an all-time high of 8556.89 earlier in the trade. Data released earlier in the day showed the consumer confidence indicator in France recording 91 in February. Markets had expected a level of 90, matching the level in December. CAC 40 is currently trading at 8,540.57, rising 0.25 percent from the previous close ...

Core Insights - Bureau Veritas achieved sector-leading organic revenue growth of 6.5% in FY 2025, with a strong margin improvement to 16.3% [1][4][10] - The company has a positive growth outlook for 2026, expecting continued margin expansion and a new EUR 200 million share buyback program [1][4][8] Financial Performance - Full-year revenue reached EUR 6,466.4 million, up 6.5% organically, with Q4 organic growth at 6.3% [4][9][40] - Adjusted operating profit increased to EUR 1,052.9 million, a 5.7% rise from EUR 996.2 million in FY 2024, with an adjusted operating margin of 16.3% [4][9][37] - Adjusted net profit was EUR 631.4 million, up 1.7% from EUR 620.7 million in FY 2024, with adjusted EPS at EUR 1.42, reflecting a 2.8% increase [4][9][47] - Free cash flow totaled EUR 824.2 million, a 3.9% organic increase, with cash conversion at 107% [4][9][50] Strategic Developments - The company executed nine bolt-on acquisitions in 2025, contributing EUR 96 million in annualized revenue, while also divesting two non-core activities [4][20][21] - The LEAP I 28 strategy is progressing, with a focus on enhancing operational leverage and functional scalability [4][5][20] - A new organizational structure was implemented to accelerate strategy execution and improve alignment across geographic platforms [4][26][28] Market Trends and Growth Drivers - Strong organic growth was driven by increased energy investments, digital infrastructure development, and demand for corporate risk assessment solutions [4][10][20] - The Americas region saw organic revenue growth of 4.0%, Europe at 4.1%, Asia-Pacific at 8.2%, and the Middle East & Africa at 16.6% [4][40] Shareholder Returns - Bureau Veritas achieved double-digit shareholder returns, supported by a 9% EPS growth at constant currency and a proposed dividend of EUR 0.92 per share, up 2.2% year-on-year [4][13][14] - The new EUR 200 million share buyback program represents approximately 1.5% of outstanding share capital [4][8][13]

Market Overview - European stocks closed mostly higher, with the pan-European Stoxx 600 gaining 0.45% and the U.K.'s FTSE 100 climbing 0.79% [2] - Investors are optimistic about potential monetary easing from central banks, particularly the Bank of England, amid rising unemployment rates in the UK [1][9] Sector Performance - Defense stocks showed weakness due to hopes of de-escalation in U.S.-Iran tensions [3] - In the UK market, several companies such as Coca-Cola Europacific Partners, Barratt Redrow, and AstraZeneca saw gains between 2% and 3.5% [3] - Conversely, miners like Endeavour Mining and Antofagasta fell between 2% and 4% [4] Notable Company Movements - GSK's shares rose over 2.5% following the announcement of a £2 billion share buyback program [3] - Bayer in Germany soared more than 8%, while other companies like Vonovia and Infineon gained approximately 4% and 3.25% respectively [4] - In France, Dassault Systemes climbed about 4%, with other firms like Unibail Rodamco and AXA gaining 2%-3% [6] Economic Indicators - German consumer price inflation rebounded to 2.1% in January, influenced by higher food and services costs [7] - The UK's jobless rate increased to 5.2% in the fourth quarter, with average earnings growth at 4.2%, below expectations [9]

Core Insights - The document provides information on the number of shares and voting rights for Bureau Veritas as of January 31, 2026, in compliance with French financial regulations [1] Group 1: Share and Voting Rights Information - As of January 31, 2026, Bureau Veritas has a total of 453,877,520 shares outstanding [1] - The theoretical number of voting rights is reported to be 560,823,211, while the number of exercisable voting rights stands at 550,602,381 [1]

Core Insights - Bureau Veritas is acquiring SPIN360, an Italian consulting firm specializing in sustainable innovation for premium fashion and luxury brands, to enhance its capabilities in the Consumer Product Services industry [1][2][3] Group 1: Acquisition Details - The acquisition aligns with Bureau Veritas' LEAP | 28 strategy aimed at establishing strongholds in key markets, particularly Italy [2] - SPIN360 offers proprietary Life Cycle Assessment (LCA) tools and data-driven advisory services, which will complement Bureau Veritas' certification and supply chain auditing expertise [3] - SPIN360 generated approximately €4 million in revenue in 2024 and employs around 30 experts in various sustainability-related fields [4] Group 2: Strategic Goals - The acquisition is intended to position Bureau Veritas as a global center of excellence for premium fashion and luxury brands, enhancing its portfolio in sustainability solutions [3][5] - Bureau Veritas aims to be the preferred partner for brands navigating sustainable transformation, reflecting its commitment to integrated compliance and sustainability solutions [5]

Group 1 - Wendel is in non-exclusive discussions with Henkel regarding a potential operation involving Stahl, with no certainty about the outcome of these discussions [2] - Wendel SE is one of the leading publicly traded investment companies in Europe, investing in sector-leading companies such as ACAMS, Bureau Veritas, and Stahl [3] - As of September 30, 2025, Wendel manages €46 billion for third-party investors and approximately €5.3 billion for its own account [3] Group 2 - Wendel has announced plans to develop a private asset management platform in addition to its proprietary investment activities [3] - The company completed acquisitions of 51% of IK Partners in May 2024 and 72% of Monroe Capital in March 2025, with the acquisition of Committed Advisors announced in October 2025 [3] - Wendel is rated BBB with a stable outlook for long-term and A-2 for short-term by Standard & Poor's [4]

Core Viewpoint - Wendel is engaged in non-exclusive discussions with Henkel regarding a potential transaction involving Stahl, but there is no certainty that these discussions will lead to a transaction [2]. Group 1: Company Overview - Wendel is one of Europe's leading listed investment firms, focusing on Principal Investments in companies that are leaders in their respective fields, including Stahl [4]. - In 2023, Wendel initiated a strategic shift towards third-party asset management of private assets, complementing its historical principal investment activities [4]. - As of September 30, 2025, Wendel Investment Managers manages approximately 46 billion euros on behalf of third-party investors, alongside about 5.3 billion euros invested in its Principal Investments activity [4]. Group 2: Recent Developments - Wendel completed the acquisition of a 51% stake in IK Partners in May 2024, marking a significant step in its strategic expansion into third-party private asset management [4]. - In March 2025, Wendel completed the acquisition of 72% of Monroe Capital and announced the acquisition of Committed Advisors in October 2025 [4]. Group 3: Financial Calendar - Wendel's financial calendar includes the publication of Full-Year 2025 Results on February 25, 2026, and Q1 2026 Trading update on April 22, 2026 [3].

Group 1 - Bureau Veritas (BVVBY) is a world leader in inspection and certification services with a long-standing reputation [1] - The company focuses on providing high-quality ideas in the small-cap space, emphasizing capital gains and dividend income for continuous cash flow [1] - The investment group European Small Cap Ideas offers exclusive access to actionable research on appealing Europe-focused investment opportunities [1] Group 2 - The investment strategy includes a mixture of dividend and growth stocks, with two model portfolios: the European Small Cap Ideas portfolio and the European REIT Portfolio [1] - Weekly updates and educational content are provided to enhance understanding of European investing opportunities [1] - An active chat room is available for discussions on the latest developments of the portfolio holdings [1]

REGULATED INFORMATION Courbevoie, France – January 12, 2026 Information on number of shares and voting rights as stipulated by article 223-16 of the general regulations of the French financial markets authority AMF Issuer: Bureau Veritas DateNumber of shares (1)Number of voting rights31/12/2025453,871,520Theoretical number of voting rights: 560,821,818Number of exercisable voting rights: 550,602,988 (1) including the new shares issued in Euroclear as a result of the exercise of stock options since January ...