LVMH Publishes Semi-Annual Report on its Liquidity Contract
The luxury group has disclosed the activity figures of its liquidity contract managed by Oddo BHF SCA for the second half of 2025, according to the press release published on January 7, 2026.
Liquidity Account Status as of December 31, 2025
As of December 31, 2025, LVMH's liquidity account showed a balance of 21,000 securities and 27,492,796.91 euros in cash, the group reports. This facility, managed by Oddo BHF SCA, ensures the regularity of the stock's quotations on the market. For comparison, at the implementation of the contract in the first half of 2019, the liquidity account contained 40,000 securities and 32,476,235.80 euros in cash. The press release does not specify the reasons for the balance change between the initial signing date and the end of 2025.
Market Maker's Transactions in the Second Half of 2025
During the second half of 2025, the market maker executed 2,534 purchase transactions, covering a total volume of 159,987 securities for an amount of 86,210,338.15 euros, according to the data provided. On the selling side, 2,829 transactions were carried out, involving 190,987 securities for a total of 103,815,560.90 euros. All these operations are part of the regulatory framework of the liquidity contract, which aims to facilitate exchanges on the stock and reduce volatility. The press release details the transactions day by day from July 1 to December 31, 2025.
Background of LVMH's Liquidity Contract with Oddo BHF SCA
The liquidity contract between LVMH and Oddo BHF SCA was signed and implemented during the first half of 2019, the company recalls. This type of contract allows a publicly traded company to entrust an investment services provider with the task of intervening on its stock to enhance market liquidity. The resources allocated at the start included 40,000 securities and over 32 million euros. The group, whose activities span sectors such as wines and spirits, fashion and leather goods, perfumes and cosmetics, watches and jewelry, and selective retailing, regularly publishes this information in an effort to maintain transparency with the market.
