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BOLLORÉ First - half 2026 results September 16 , 2026 Revenue : 1,644 million euros , + 8 % at constant scope and exchange rates . Adjusted operating income ( EBITA ( 1 ) ( 2 ) ) : 104 million euros , compared with 123 million euros in the first half of 2025 . Net income : 133 million euros , compared with 242 million euros in the first half of 2025 . Net income , Group share : 132 million euros . Value of the portfolio of listed securities as at June 30 , 2026 : 9,232 million euros . As at September 14 , 2026 , the value stood at 7,943 million euros , reflecting the sharp decline in UMG's stock price . Net cash position : 1,447 million euros as at June 30 , 2026 , compared with 5,619 million euros as at December 31 , 2025 , following the payment by Bolloré SE of dividends ( 4,215 million euros in exceptional dividend and 169 million euros representing the balance of the ordinary dividend ) . Exceptional interim dividends from Compagnie de l'Odet ( 2.5 billion euros ) and the companies that control it . ( 1 ) See glossary . ( 2 ) Including the contribution from UMG accounted for using the equity method for +181 million euros . Page 1