Core Insights - EP Group, controlled by Daniel Křetínský, has proposed a public tender offer for the outstanding shares and OCEANEs of Fnac Darty [2] - The retail sector in France is facing significant challenges, with a decline in activity observed in December, particularly in stores, but Fnac Darty has managed to outperform the market due to its omnichannel and service-oriented strategy [3] - The Group's revenue for 2025 is projected to be stable at €10,330 million, with a slight increase in current operating income expected to reach €203.1 million [5][9] Financial Performance - The estimated revenue for 2025 is expected to show a +0.7% increase year-on-year, with France contributing +0.5% and the rest of Europe +1.1% [10] - The current operating margin is anticipated to reach 2.0% by the end of December 2025, reflecting an increase of approximately 5 basis points [6][10] - Free Cash Flow is projected to be around €145 million, consistent with 2024 figures excluding asset disposals [6][9] Strategic Developments - The Group is actively seeking a partner for Nature & Découvertes to better support its development, with a reclassification in financial statements as of December 31, 2025, in accordance with IFRS 5 [4][9] - The strategic roadmap, known as the Beyond everyday plan, is being implemented with confidence, and objectives for 2030 have been reaffirmed [7] - The audited annual results for 2025 are scheduled to be published on February 25, 2026, after market close [7][13]