Bolloré (BOL) Q3 2025 TU earnings summary

Executive summary

• Q3 2025 revenue at constant scope and exchange rates was €630 million, down 24% year-over-year, mainly due to declines in Bolloré Energy and Industry segments.

• Revenue for the first nine months of 2025 was €2,178 million, down 10% year-over-year at constant scope and exchange rates.

Financial highlights

• Q3 2025 reported revenue declined 22% year-over-year, factoring in €26 million from scope changes and minor negative currency effects.

• Nine-month reported revenue fell 7%, with €79 million from scope changes and €1 million positive currency effect.

Segment performance

• Bolloré Energy Q3 revenue: €530 million, down 25% organically, impacted by lower petroleum prices and reduced volumes.

• Industry Q3 revenue: €73 million, down 21% organically, mainly due to a drop in BlueBus activity despite Films business growth.

• Other activities Q3 revenue: €27 million, down 15% organically.

• For the first nine months, Bolloré Energy revenue was €1,867 million (-10% organic), Industry €229 million (-17% organic), and Other €82 million (-6% organic).