Renault Group demonstrates its resilience, the robustness of its strategy, and moves forward with confidence

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Press release February 19, 2026 Renault Group demonstrates its resilience,  the robustness of its strategy, and moves forward with confidence “Our 2025 results, in a challenging market environment, demonstrate our teams’ commitment to delivering consistent, top-tier performance among automotive industry players. This performance underscores the strength of our fundamentals and our agility. Most importantly, this success validates our solid product strategy and the power of our brands, as recognized by our customers. In a few weeks, we will outline our strategy aimed at growing our business and bolstering the resilience of our operational and financial model. We position ourselves to face the future with confidence and ambition, anchoring Renault Group as an industry benchmark and creating value for all our stakeholders.” said François Provost, CEO of Renault Group . Boulogne-Billancourt, February 19, 2026 Commercial performance Financial results The consolidated financial statements of Renault Group and the company accounts of Renault SA at December 31, 2025, were approved by the Board of Directors on February 18, 2026, under the chairmanship of Jean-Dominique Senard. Group revenue reached €57,922 million, up 3.0% compared to 2024. At constant exchange rates 10 , it increased by 4.5%. Automotive revenue stood at €51,442 million, up 1.8% compared to 2024. It included -1.6 points of negative exchange rates effect (-€814 million) mainly related to the devaluation of the Turkish lira and Argentinean peso. At constant exchange rates 3 , it increased by +3.4%. This evolution was mainly explained by the following: The Group posted an operating margin of €3,632 million, representing 6.3% of revenue, to be compared to €4,263 million and 7.6% in 2024. Automotive operating margin stood at 4.2% of Automotive revenue, or €2,184 million, compared to €2,996 million in 2024. This evolution was mainly explained by the following: The contribution of Mobilize Financial Services (Sales Financing) to the Group's operating margin reached €1,468 million versus €1,295 million in 2024, mainly driven by the development of financing and service offers as a key leverage of Renault Group marketing strategy, particularly for electrified vehicles. Other operating income and expenses were negative at -€11.5 billion (vs -€1.7 billion in 2024). It included the non-cash loss linked to the change of the accounting treatment of Renault Group's stake in Nissan for -€9.3 billion, impairments for -€0.9 billion on vehicle developments and specific production assets and -€0.4 billion of restructuring costs. After considering other operating income and expenses, the Group’s operating income stood at -€7,867 million compared to €2,576 million in 2024. Net financial income and expenses amounted to -€208 million compared to -€517 million in 2024. Hyperinflation in Argentina had a lower negative impact in 2025 compared to 2024. The contribution of associated companies amounted to -€2,198 million compared to -€521 million in 2024. It included Nissan’s contributions for -€2,331 million, which no longer affects the result since the change in accounting method (June 30, 2025), and the contribution of Horse Powertrain Limited for €245 million. Current and deferred taxes represented a charge of -€522 million, including -€24 million related to the French exceptional surtax, compared to a charge of -€647 million in 2024. The effective tax rate stood at 42%. Its evolution in 2025 is significantly impacted by the lack of recognition of deferred taxes on expenses and on tax losses, particularly in France. Thus, net income, Group share, was -€10,931 million (or -€40.0 per share). Net income, Group share, excluding Nissan impacts 11 was €715 million. The cash flow of the Automotive business reached €4,744 million in 2025. It included a €300 million dividend from Mobilize Financial Services, with €150 million related to the 2024 financial year and €150 million interim dividend related to the 2025 financial year. Excluding the impact of asset disposals, the Group’s net CAPEX and R&D total spending stood at €4,012 million i.e. 6.9% of revenue compared to 7.2% of revenue in 2024. Assets disposals amounted to €71 million, compared to €94 million in 2024. Group's net CAPEX and R&D amounted to 6.8% of revenue including asset disposals. Automotive free cash flow 12 stood at €1,473 million, including -€300 million of restructuring charges. It included a negative change in working capital requirement (WCR) of -€190 million. It underscores the Group’s willingness to have a healthy and sustainable working capital requirement management. In this context, Renault Group aims to unwind, in 2025 and 2026, the significantly positive €844 million change in WCR recorded at the end of 2024. The Automotive net cash financial position stood at €7,370 million on December 31, 2025, compared to €7,096 million on December 31, 2024. This evolution was driven by the strong free cash flow and included -€697 million of dividend paid to shareholders, -€186 million of net financial investments (mainly Free To X), and the impact of RNAIPL’s acquisition and consolidation for +€76 million. Automotive liquidity reserve at the end of December 2025 stood at a high level at €17.7 billion versus €18.5 billion on December 31, 2024. Dividend The proposed dividend for the financial year 2025 is €2.20 per share , stable versus last year in absolute value. It would be paid fully in cash and will be submitted for approval at the Annual General Meeting on April 30, 2026. The ex-dividend date is scheduled on May 8, 2026 and the payment date on May 12, 2026. 2026 financial outlook: resilience in a complex environment In 2026, Renault Group is pursuing its product offensive : Regarding the financial outlook for the full year 2026, Renault Group is aiming to achieve: In 2026, international expansion, increasing sales to partners, the growing share of electric vehicles and the consolidation of RNAIPL 13 on a full year basis will drive revenue growth although being dilutive on margins. Cost reduction remains a key priority in 2026 and in the years ahead. 2026 Automotive free cash flow should include €350 million dividend from Mobilize Financial Services 14 (vs €300 million received in 2025). The Group expects a negative change in working capital requirement in 2026, to continue to unwind the positive change in working capital requirement recorded at the end of 2024. Medium-term financial outlook: sustain robust and resilient financial results The strategic roadmap will be presented during the Strategy Day on March 10, 2026 and executed building upon the following: Today, the Group unveils its medium-term financial outlook. In a highly challenging environment, the Group aims to create value with consistency and predictability, through a disciplined and realistic approach. It targets 15 a sustainable robust operating margin and a strong free cash flow generation : Sustainable robust operating margin Products and expansion in international markets will be drivers of growth sustained by the acceleration of the Group’s transformation to increase speed, agility, efficiency and simplicity. Renault Group assumes its total revenue to grow mid-single digit (CAGR 19 ) over the medium term. This growth will be supported by both the Automotive business and Mobilize Financial Services . The plan is designed to strengthen Renault Group on a standalone basis especially in Europe and be open to partnerships as boosters for competitiveness especially outside Europe. Cost reduction will remain a key priority across the Group and will be achieved through variable cost performance and fixed cost discipline : As a consequence, Renault Group will maintain a stable cash fixed cost base over the medium term, allowing a cautious break-even point management. Strong free cash flow generation The free cash flow generation over the medium term will be supported by enhanced profitability . The Group will invest in product and innovation while maintaining a very disciplined approach to reducing entry tickets. The R&D Capex and supplier entry ticket spending will remain below 8% of Group revenue. Regarding the dividend received from Mobilize Financial Services , the Group anticipates it to be aligned with the historical average, meaning around 500 million euros 20 per year on average over the medium term. From 2027 onwards, the Group should receive a dividend from Horse Powertrain Limited 21 . Altogether, this is securing the sustainability of cash inflows hence protecting the solidity of the balance sheet. Disciplined and balanced capital allocation policy Renault Group remains committed to implementing a disciplined and balanced capital allocation: In terms of ROCE, Renault Group’s ambition is to deliver a high ROCE trending towards 25% in the medium term, supported by its asset-light organization, its disciplined approach to R&D Capex and a sustained focus on value‑accretive businesses. Renault Group's consolidated results (1) FY 2024: +€211 million of Nissan’s contribution in associated companies and -€1,527 million of capital losses on Nissan’s shares disposals and -€694 million of impairment of investment in Nissan. FY 2025: -€2,331 million of Nissan’s contribution in associated companies, and -€9,315 million loss resulting from the evolution of the accounting treatment for the investment in Nissan. (2) Automotive free cash flow: cash flows after interest and tax (excluding dividends received from publicly listed companies) minus tangible and intangible investments net of disposals +/- change in the working capital requirement. Additional information The consolidated financial statements of Renault Group and the company accounts of Renault SA at December 31, 2025 were approved by the Board of Directors on February 18, 2026. The Group’s statutory auditors have conducted an audit of these financial statements, and their report will be issued shortly. The earnings report, with a complete analysis of 2025 financial results including condensed financial accounts, is available at www.renaultgroup.com in the "Investors" section. 2025 Financial Results Conference Link to follow the conference at 8am CET on February 19 th , 2026 and available in replay: events.renaultgroup.com/en/ About Renault Group Renault Group is at the forefront of a mobility that is reinventing itself. The Group relies on the complementarity of its three automotive brands – Renault, Dacia, Alpine – and its financial captive – Mobilize Financial Services – to offer sustainable and innovative mobility solutions to its customers. Established in more than 100 countries, Renault Group sold 2.337 million vehicles in 2025. It employs more than 100,000 people who embody its Purpose every day, so that mobility brings people closer. Ready to pursue challenges both on the road and in competition, the Group is committed to an ambitious and value-generating transformation focused on the development of new technologies and services, and a new range of even more competitive, balanced, and electrified vehicles. In line with environmental challenges, Renault Group’s ambition is to achieve carbon neutrality in Europe by 2040 and worldwide by 2050. More information: https://www.renaultgroup.com/en/ 1 In order to analyze the variation in consolidated revenue at constant exchange rates, Renault Group recalculates the revenue for the current period by applying average exchange rates of the previous period. 2 See Automotive free cash flow full definition on page 10. 3 Subject to MFS Board of Directors proposal and Shareholders' General Meeting approval. 4 3.9% on average between 2005 and 2025. 5 Compared to historical average of €0.6 billion per year between 2005 and 2025. 6 PC + LCV: Passenger Cars + Light Commercial Vehicles. 7 Outside Europe. 8 France, Italy, Spain, Germany and United Kingdom. 9 22 main brands PC segment, France, Italy, Spain, Germany and United Kingdom. Residual values on sales with buy-back commitments. 10 In order to analyze the variation in consolidated revenue at constant exchange rates, Renault Group recalculates the revenue for the current period by applying average exchange rates of the previous period. 11 Nissan’s impacts in 2025: -€2,331m of Nissan’s negative contribution in associated companies, -€9,315m loss resulting from the evolution of the accounting treatment for the investment in Nissan recorded in other income and expenses. 12 See Automotive free cash flow full definition on page 10. 13 RNAIPL: Renault Nissan Automotive India Private Ltd. 14 Subject to MFS Board of Directors proposal and Shareholders' General Meeting approval. 15 At constant accounting standards, excluding the potential impacts of IFRS18 which are being considered for a first application in 2027. 16 3.9% on average between 2005 and 2025. 17 Compared to historical average of €0.6 billion per year on average between 2005 and 2025. 18 Subject to MFS Board of Directors proposal and Shareholders' General Meeting approval. 19 CAGR: Compound Annual Growth Rate. 20 Subject to MFS Board of Directors proposal and Shareholders' General Meeting approval. 21 Subject to Horse Powertrain Limited Shareholders' General Meeting approval. 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