Vantiva (VANTI) AGM 2026 summary

Opening remarks and agenda

• Chair welcomed shareholders, introduced board and executive team, and appointed meeting officers and scrutineers.

• Legal formalities were completed, confirming quorum and compliance with regulatory requirements.

• Agenda included financial results, outlook, CSR, executive compensation, auditor reports, and voting on resolutions.

Financial performance review

• Revenue for 2025 was EUR 1.7 billion, down 7% at actual rates, mainly due to video segment decline and currency headwinds.

• EBITDA rose 33% to EUR 145 million, with margin improving to 8.3% from 5.8% in 2024, driven by cost reductions and synergies from Home Networks integration.

• Free cash flow turned positive at EUR 62 million, a first since the separation of Technicolor Creative Studios.

• Net result for continuing activities was EUR -145 million, improved by EUR 12 million; total net result was EUR -393 million, mainly due to a one-off accounting impact from discontinued activities.

• Net debt (excluding leasing) reached EUR 508 million, up EUR 40 million from 2024, with liquidity at EUR 35 million at year-end.

Board and executive committee updates

• Board consists of 10 directors and one non-voting director, with 70% independence and gender parity.

• Committees were restructured in 2026, now including Audit and CSR, Governance and Compensation, and an ad hoc refinancing committee.

• Several director terms were renewed or proposed for ratification, including new appointments and reappointments for three-year terms.