Renault (RNO) AGM 2026 summary

Opening remarks and agenda

• The meeting was convened with proper legal notice and quorum, with board members, executives, auditors, and shareholder representatives present.

• The agenda and resolutions were made available to shareholders in advance, and the meeting was broadcast online.

Financial performance review

• 2025 sales rose for the third consecutive year to 2.3 million units, with all brands contributing to growth.

• Group revenue increased by 3% to EUR 57.9 billion, with automotive revenue at EUR 51.4 billion and MFS revenue up 13%.

• Operating profit reached EUR 3.6 billion (6.3% margin), but net income group share was minus EUR 10.9 billion due to a non-cash loss from Nissan stake revaluation.

• Automotive free cash flow was EUR 1.5 billion, and liquidity reserves stood at EUR 17.7 billion.

• S&P upgraded the credit rating to investment grade, and a EUR 2.2 per share dividend was proposed.

Board and executive committee updates

• The board met 14 times in 2025, focusing on governance changes and strategic direction.

• CEO succession was managed efficiently: Luca de Meo stepped down, Duncan Minto served as interim, and François Provost was appointed CEO.

• Board composition changes included new appointments to ensure gender balance and committee coverage.