Compagnie de l'Odet (ODET) Q3 2025 earnings summary

Executive summary

• Q3 2025 revenue at constant scope and exchange rates fell 24% year-over-year to €630 million.

• Nine-month 2025 revenue declined 10% year-over-year to €2,177 million at constant scope and exchange rates.

• On a reported basis, Q3 revenue dropped 22% and nine-month revenue decreased 7% compared to 2024.

Financial highlights

• Bolloré Energy Q3 revenue was €530 million, down 25% year-over-year, mainly due to lower petroleum prices and reduced volumes.

• Industry segment Q3 revenue was €73 million, down 21% year-over-year, impacted by a decline in BlueBus activity.

• For the first nine months, Bolloré Energy revenue was €1,867 million (-10%), and Industry was €229 million (-17%).

• Other activities (Agricultural Assets, Holdings, and others) posted €27 million in Q3 revenue, down 13% organically.

Outlook and guidance

• Petroleum product prices and BlueBus activity declines are expected to continue impacting revenue.