Fnac Darty (FNAC) AGM 2026 summary

Opening remarks and agenda

• Jacques Veyrat, Chairman of the Board, presided over the meeting, with key executives and auditors present.

Financial performance review

• 2025 revenue reached €10,330M, with a 0.7% LFL growth and a 2% margin.

• Free cash flow was €145M, EBITDA grew by €15M, and net financial debt remained under control.

• Gross margin improved to 28%, driven by services, but non-recurring charges impacted net results.

• Solid liquidity position with €1.7B at year-end and no major refinancing before 2029.

Board and executive committee updates

• Executive committee includes CEO Enrique Martinez and other key leaders across operations, finance, and digital.

• Board comprised 14 members, 50% women, 67% independents, and 100% participation rate.