Compagnie de l’Odet reported first-half 2026 revenue of €1,644 million, up 8% at constant scope and exchange rates and 6% on a reported basis. Adjusted operating income, or EBITA, declined 20% to €97 million from €121 million a year earlier. Consolidated net income fell to €96 million from €257 million, while net income, Group share, dropped to €54 million from €163 million. Bolloré Energy generated €1,467 million of revenue, up 9% organically, and increased EBITA 77% to €47 million despite a 10% decline in volumes. Industry revenue rose 1% organically to €156 million, while Other revenue fell 6% to €21 million. Net financial income declined to €45 million from €96 million, and taxes increased to €28 million from €11 million. Net cash stood at €3,658 million at June 30, compared with €5,126 million at the end of 2025. Compagnie de l’Odet approved a €2.5 billion exceptional interim dividend payable September 29 after receiving a €3.1 billion exceptional dividend from Bolloré SE. The company also reported acquisitions involving Bolloré SE and Canal+ shares, Compagnie de l’Étoile des Mers’ investment in Havas N.V., the latest ruling in the Vivendi control dispute, and plans to discontinue electric-bus production while refocusing Blue Solutions on fourth-generation batteries.