ABC Arbitrage: Monthly Activity Up Over 70% in Five Months

Significant Acceleration in Activity Despite a Stable Context

ABC Arbitrage reports that market conditions for the first five months of 2026 remain comparable to those recorded in 2025. In this context, the group's average monthly activity level has achieved a growth exceeding 70% compared to the monthly average of 2025. This growth is based on the group's activity indicator, which aligns informatively with the current operating income (COI), a measure representing a form of gross result before expenses, taxes, and specific or exceptional items. For reference, the COI for the fiscal year 2025 was established at nearly 60 million euros, with a monthly average of about 5 million euros. The group emphasizes that its Momentum 2028 development plan continues, including additional investments in human resources and technological infrastructure. These are expected to represent about 3 million euros on an annual basis for 2026. The group also reminds that a portion of employee variable compensation is indexed to the level of activity generated.

Slight Increase in Assets Under Management and Fund Performance on Track

The group's assets under management are set at 248 million euros according to the latest estimates, up from 242 million euros on January 1, 2026. The ABCA Opportunities fund, denominated in dollars, has shown a performance of over 14% since the start of the year until May 22, offering promising prospects for future capital raising. Shares denominated in euros also recorded a performance exceeding 14% over the same period. These figures remain internal estimates as of this date.

Continuous Investments and Aligned Compensation Structure

Historically, over the past five years, the share of value-added distributed to employees has averaged about 45% of the value created by the group. This structure reflects the alignment of interests between management and teams around the development of the business.