30-07-2025
Tikehau Capital H1 2025 Results
1 Figures have been rounded for presentation purposes, which in some cases may result in rounding differences.
2 Core FRE correspond to Fee-related Earnings excluding expenses linked to share-based payment transactions (IFRS 2), but for the social charges linked to share-based compensation.
3 Third-party net inflows, excluding Sofidy. International LPs refer to non-French investors.
4 Third-party net inflows.
5 As of 30 June 2025, Tikehau Capital no longer includes Investment Activity AuM in its financial communication. Going forward, AuM will refer exclusively to Asset Management AuM. This change provides greater clarity and focus by centering disclosures exclusively on Asset Management AuM, which is the most relevant metric to reflect the firm's growth strategy in alternative asset management.
6 On 30 July 2025, the auditors issued their report on their review of the interim consolidated financial statements as of 30 June 2025.
7 Selectivity rate presented as total declined deals / total screened deals.
8 Please refer to press release dated 28 January 2025.
9 Please refer to press release dated 4 February 2025.
10 Please refer to press release dated 10 March 2025.
11 Please refer to press release dated 16 June 2025.
12 Please refer to press release dated 20 May 2025.
13 Amounts available for investment at the level of the funds managed by the Group.
14 Third party net new money excluding Sofidy.
15 International investors refer to non-French investors.
16 Third-party net new money.
17 Please refer to press release dated 5 June 2025.
18 Please refer to press release dated 16 June 2025.
19 Including the flagship vehicle, bespoke mandates and side vehicles.
20 Please refer to press release dated 18 February 2025.
21 Please refer to press release dated 7 July 2025.
22 Includes investments in funds managed by Tikehau Capital and co-investments alongside Tikehau Capital Asset Management strategies.
23 Include management fees, subscription fees, arrangement fees & structuring fees as well as incentive fees.
24 Unrealized performance related revenues, share allocated to the listed firm.
25 Excluding the non-cash impact of share-based compensation.
26 Core FRE correspond to Fee-related Earnings excluding expenses linked to share-based payment transactions (IFRS 2), but for the social charges linked to share-based compensation.
27 Gearing = Total financial debt / Shareholders' Equity, Group share.
28 Please refer to press release dated 7 April 2025.
29 As of 30 June 2025, Tikehau Capital no longer includes Investment Activity AuM in its financial communication. Going forward, AuM will refer exclusively to Asset Management AuM. This change provides greater clarity and focus by centering disclosures exclusively on Asset Management AuM, which is the most relevant metric to reflect the firm's growth strategy in alternative asset management.
30 Corresponding to management fees, subscription fees and arrangement fees.
31 Implied fee rates are calculated based on average fee-paying AuM over the last 12 months.
32 Include management fees, subscription fees, arrangement fees & structuring fees as well as incentive fees.
33 Core FRE correspond to Fee-Related Earnings excluding expenses linked to share-based payment transactions (IFRS 2), but for the social charges linked to share-based compensation.
34 Group portfolio revenues are broken down between €73.2m (€27.6m in H1 2024) generated from Tikehau Capital's asset management strategies and €38.0m (€50.4m in H1 2024) from ecosystem and other investments.
35 Include net result from associates and non-recurring items, mainly foreign exchange impacts on financing activities, totaling +€8.5m on a net basis.
36 Gearing = Total financial debt / Shareholders' Equity, Group share.
