Renault : Semi-Annual Securities Report 2025

(Translation)

SEMI-ANNUAL SECURITIES REPORT

For Interim Period from January 1, 2025 to June 30, 2025

1. This document is a printed copy, with table of contents and page numbers inserted, of the data of the Semi-Annual Securities Report under Article 24-5, Paragraph 1 of the Financial Instruments and Exchange Act filed on September 17, 2025 through Electronic Disclosure for Investors' Network (EDINET) provided for in Article 27-30-2 of such Act.

2. The documents attached to the Semi-Annual Securities Report filed as stated above are not included herein.

Renault

(E05907)

TABLE OF CONTENTS

Cover Page 1

PART I CORPORATE INFORMATION 2

1. SUMMARY OF LAWS AND REGULATIONS IN THE COUNTRY TO WHICH THE COMPANY BELONGS 2
2. OUTLINE OF THE COMPANY 3

   1. DEVELOPMENT OF MAJOR MANAGERIAL INDEX, ETC. 3

   2. CONTENTS OF BUSINESS 5

   3. STATE OF RELATED COMPANIES 5

   4. STATE OF EMPLOYEES 5

3. STATE OF BUSINESS 7

   1. MANAGEMENT POLICIES, MANAGEMENT ENVIRONMENT AND PROBLEMS TO BE DEALT WITH, ETC. 7

   2. RISKS IN BUSINESS, ETC. 7

   3. ANALYSIS BY MANAGEMENT OF STATE OF FINANCIAL CONDITION, OPERATING RESULTS AND CASH FLOW 7

   4. IMPORTANT CONTRACTS RELATING TO MANAGEMENT, ETC. 20

   5. RESEARCH AND DEVELOPMENT ACTIVITIES 20

4. STATE OF FACILITIES 22

   1. STATE OF PRINCIPAL FACILITIES 22

   2. PLAN FOR CONSTRUCTION, REMOVAL, ETC. OF FACILITIES 22

5. STATE OF THE COMPANY 23

   1. STATE OF SHARES, ETC. 23

   2. STATE OF DIRECTORS AND OFFICERS 24

6. FINANCIAL CONDITION 27

   1. SEMI-ANNUAL FINANCIAL STATEMENTS 28

   2. OTHER MATTERS 103

   3. DIFFERENCES BETWEEN IFRS AND JAPANESE GAAP 106

7. MOVEMENT OF FOREIGN EXCHANGE QUOTATION 114
8. REFERENCE INFORMATION RELATING TO THE COMPANY 114

PART II INFORMATION CONCERNING GUARANTOR, ETC. OF THE COMPANY 116

1. INFORMATION ON GUARANTY COMPANY 116
2. INFORMATION ON COMPANIES OTHER THAN GUARANTY COMPANY 116
3. INFORMATION ON BUSINESS INDICES, ETC. 116

Cover Page

Document Name: Semi-Annual Securities Report

Based on: Article 24-5, item 3 of the table of Paragraph 1 of the Financial Instruments and Exchange Act

Filed with: The Director General of Kanto Local Finance Bureau

Filing Date: September 17, 2025

Interim Period: From January 1, 2025 to June 30, 2025

Corporate Name: Renault

Name and Title of Representative: François Provost

Chief Executive Officer

Location of Head Office: 122-122 bis avenue du Général Leclerc, 92100 Boulogne-Billancourt, France

Name of Attorney-in-fact: Takashi Tsukioka, Attorney-at-law Address of Attorney-in-fact: Nagashima Ohno & Tsunematsu

JP Tower, 2-7-2 Marunouchi, Chiyoda-ku, Tokyo

Telephone Number: 03-6889-7000

Name of Person to Contact: Shota Ishii, Attorney-at-law Place to Contact: Nagashima Ohno & Tsunematsu

JP Tower, 2-7-2 Marunouchi, Chiyoda-ku, Tokyo

Telephone Number: 03-6889-7000 Place(s) of Public Inspection: Not applicable

PART I CORPORATE INFORMATION

Note (1) Unless otherwise specified herein, the "Company", "Renault", "Renault SA" or "Renault S.A." refers to Renault, and the "Group" or the "Renault Group" refers to Renault and all of its "fully consolidated" subsidiaries.

Note (2) Unless otherwise specified herein, the reference to «Euro», «€» and «EUR» are to the lawful currency of Euro Zone and French Republic. The telegraphic transfer for selling Euro against yen quoted by MUFG Bank, Ltd. as of July 31, 2025 was EUR 1 = JPY172.25. Any conversions made herein from the Euro into Japanese yen was made at this exchange rate for conversion convenience purposes only and should not be deemed a representation of future exchange rates.

Note (3) Where figures in tables in this document have been rounded, the totals may not necessarily be the aggregate of the sum of the relevant figures.

Note (4) The sections in "PART I CORPORATE INFORMATION - III. STATE OF BUSINESS - 1. MANAGEMENT POLICIES, MANAGEMENT ENVIRONMENT AND PROBLEMS TO BE DEALT WITH, ETC." to "PART I CORPORATE INFORMATION - III. STATE OF BUSINESS - 3. ANALYSIS BY MANAGEMENT OF STATE OF FINANCIAL

CONDITION, OPERATING RESULTS AND CASH FLOW" contains forward-looking statements, which are based on the judgment as of June 30, 2025, unless otherwise stated therein.

1. SUMMARY OF LAWS AND REGULATIONS IN THE COUNTRY TO WHICH THE COMPANY BELONGS

   With respect to the contents set out in "PART I CORPORATE INFORMATION, I. SUMMARY OF LAWS AND REGULATIONS IN THE COUNTRY TO WHICH THE COMPANY BELONGS" of the Securities Report of Renault filed on May 15, 2025, there is no material change to be reported in this Semi-Annual Securities Report during the relevant interim period.

2. OUTLINE OF THE COMPANY
   1. DEVELOPMENT OF MAJOR MANAGERIAL INDEX, ETC.

The figures are presented under IFRS. Please read following charts together with the information provided in VI. FINANCIAL CONDITION of this PART I.

The figures in the table below are rounded to two decimal places as necessary.

(Unit: EUR million, except otherwise indicated)

	Half-Year ended June 30			Years ended December 31
Consolidated	2023	2024	2025	2023	2024
Revenues	26,849	26,958	27,640	52,376	56,232
Pre-tax income (1)	2,402	1,708	(10,819)	2,838	1,538
Net income	2,124	1,380	(11,143)	2,315	891
Net income - parent-company shareholders' share	2,093	1,293	(11,185)	2,198	752
Comprehensive income (Net)	886	1,492	(9,697)	837	1,244
Total shareholders' equity (2)	30,333	31,282	20,652	30,634	31,102
Shareholders' equity - (parent-company shareholders' share)	29,653	30,515	19,881	29,752	30,309
Total assets	119,907	127,909	116,945	121,913	129,366
Renault's equity per share (EUR) (3) (rounding to two digits to the right of the decimal point)	100.27	103.19	67.23	100.61	102.49
Basic earnings per share (EUR) (4) (rounding to two digits to the right of the decimal point)	7.70	4.74	(40.90)	8.11	2.76
Capital adequacy ratio (%) (5) (rounding to two digits to the right of the decimal point)	25.30	24.46	17.66	25.13	24.04
Cash flows from operating activities	1,050	3,613	443	4,462	7,161
Cash flows from operating activities of continuing operations	1,050	-	-	4,462	-
Cash flows from operating activities of discontinued operations	-	-	-	-	-
Cash flows from investing activities	(1,493)	(1,670)	(1,482)	(2,235)	(2,035)
Cash flows from investing activities of continuing operations	(1,493)	-	-	(2,235)	-
Cash flows from investing activities of discontinued operations	-	-	-	-	-
Cash flows from financing activities	(2,454)	(1,342)	(2,441)	(2,978)	(3,234)
Cash flows from financing activities of continuing operations	(2,454)	-	-	(2,978)	-
Cash flows from financing activities of discontinued operations	-	-	-	-	-
Cash and cash equivalents	18,944	21,311	18,925	20,677	22,542