Sofina Sa · EURONEXT:SOF
Sofina Sa — H1 2026 Earnings Presentation
18 slides from Sofina Sa's earnings presentation, Sep 2, 2026
Slide 1: Investor Presentation Half-year 2026
Investor Presentation Half-year 2026 2 SEPTEMBER 2026
Slide 2: Our mission
Our mission Par t n e r w i t h l e a d i n g entrepreneurs and families to back the sustainable grow th of their businesses with patient capital and supportive advice. Our purpose is to create enduring value, for ever yone. 2
Slide 3: Highlights HY 2026
Highlights HY 2026 ©) SECTORS OF FOCUS cae il Oh: seiecaurer = HEALTHCARE AND LE Sciences susTANABLE supply eHAiNs COMPLEMENTARY INVESTMENT STYLES us SOFINA DIRECT LONG-TERM MINORITY INVESTMENTS SOFINA PRIVATE FUNDS € il 5 BN NAV Sls Seon 6%, 36 . 92% +90 PORTFOLIO. COMPANIES & 29 across +90 GENERAL
Slide 4: Who we are
Who we are With more than 125 years of history, Sofina has evolved from an industrial holding into a global growth investment company. Our DNA continues to shape how we think, invest, and build partnerships. 4
Slide 5: HY26 in summary
HY26 in summary Return to growth with value creation across stages Market environment • Market momentum for deals continues • Long-term, permanent capital in demand • Sustained growth and value of innovation and entrepreneurship, across geographies and sectors Investment activity • Active deal flow,
Slide 6: HY 2026 Key figures
HY 2026 Key figures NAV NAV & portfolio NAV evolution €9,8 bn €10,8 bn €11,5 bn Sofina Private Funds € 6.0 bn € 11.0 Bn 52% € 0.4 Bn Sofina Growth € 9.0 Bn € 3.0 bn 26% Net cash/(Net debt) - € 0.2 bn € 7.0 Bn Total Direct € 11.5 bn -2% € 11.8 Bn investments Total € 5.0 Bn € 10.0 Bn € 10.5 Bn € 5.9 b
Slide 7: Sofina NAV across geographies, stages, sectors and vintages
Sofina NAV across geographies, stages, sectors and vintages TOTAL PORTFOLIO SOFINA DIRECT >90 growth investments starting from Series A € 11.8 bn as of 30/06/2026 € 5.9 bn as of 30/06/2026 BY GEOGRAPHY SECTOR SPLIT GEOGRAPHIC SPLIT VINTAGE SPLIT (1) LISTED/UNLISTED SPLIT 4% 9% 4% 9% Asia 27% 26% 26%
Slide 8: Key financial indicators – 30 June 2026
Key financial indicators – 30 June 2026 OVERVIEW OF HALF YEAR 2026 (1) 1st semester 1st semester 30/06/202631/12/2025 2026 2025 Net Asset Value (in million €) 11,534 Net result (share of the group) 10,843 857 -394 (in million €) Net Asset Value per share (in €) (2) 326.48 305.77 Net result (share of
Slide 9: Key financial indicators – 30 June 2026
Key financial indicators – 30 June 2026 OVERVIEW OF HALF YEAR 2026 (1) KEY FIGURES IN LOOK-THROUGH (in million €) 30/06/2026 31/12/2025 Net debt (+) / Net cash (-) 219 -430 Investment portfolio 11,831 10,509 Loan-to-value 1.9% -4.1% KEY COMPREHENSIVE INCOME FIGURES IN LOOK-THROUGH (in million €) 1st
Slide 10: Value Creation – Total portfolio
HY26 Portfolio Financial Performance Value Creation (1) – Total portfolio Total Portfolio Fair Value bridge per investment style (€ m) 1 075 - 53 299 11,831 10,509 Total Investment portfolio 31/12/2025 Long-Term Minority Sofina Growth Sofina Private Funds Total Investment portfolio Investments 30/06
Slide 11: Value Creation – Direct / Private Funds
HY 2026 Portfolio Financial Performance Value Creation (1) – Direct / Private Funds Direct and Private Funds positive value creation, including FX impact. DIRECT Fair Value bridge (€ m) 314 -120 -10 61 Value creation: +0.9% Value creation excluding -52 currency impact: -0.2% + -265 + 307 5,616 Liste
Slide 12: Top 10 Direct investments and GPs
Top 10 Direct investments and GPs The 5 largest investments of Sofina Direct represent more than 15% but less than 20% of the look-through portfolio whereas the 7 largest investment within Sofina Direct represent more than 20% of the look-through portfolio. SOFINA PRIVATE FUNDS - THE 10 LARGEST GENE
Slide 13: Private Funds - Top 10 underlying holdings
Private Funds - Top 10 underlying holdings SOFINA PRIVATE FUND – THE 10 LARGEST UNDERLYING HOLDINGS REPRESENT 10% OF THE LOOK-THROUGH PORTFOLIO (See note) 1 SPACEX 2 BYTEDANCE 3 STRIPE 4 ANTHROPIC 5 OPENAI 6 DATABRICKS 7 ANDURIL INDUSTRIES 8 DOORDASH 9 RAMP 10 PROMETHEUS • The top 10 exposure is det
Slide 14: Investments in HY26
Investments in HY26 NEW INVESTMENTS 8 Cerealis 6) Portugal A Consumer and retail 6) United States 1 {oy Digital transformation «BOW FIRST ¢ o> o) China ? Primer @) United Kingdom creature 6} United Kingdom 4y supabase 6) United States @) China A Consumer and Digital Consumer and Consumer and Digital
Slide 15: Divestments in HY26
Divestments in HY26 FULL EXITS “ses Gi India G Luxembourg A Consumer and retail | 34 Other PARTIAL DIVESTMENT cw enskart CG tnd A Consumer and retail
Slide 16: Events post-closing HY26
Events post-closing HY26 (1) (1) (1) (1) Transactions subject to closing conditions. 16
Slide 17: Important legal information and cautionary statements
Important legal information and cautionary statements concerning forward-looking statements and non-IFRS financial measures Certain statements contained herein may be forward-looking statements, including, but not limited to, statements that are predictions of or indicate future events, trends, plan
Slide 18: SOFINA
SOFINA SOFINA SA Rue de l’Industrie, 31 B – 1040 Brussels Tel.: +32 2 551 06 11 [email protected] – www.sofinagroup.com