Announcement • Jun 28
Eo2 Société Anonyme, Annual General Meeting, Jul 31, 2026 Eo2 Société Anonyme, Annual General Meeting, Jul 31, 2026. Location: 5 rue benjamin raspail, malakoff France New Risk • Mar 30
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of French stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Revenue has declined by 12% over the past year. Market cap is less than US$10m (€6.99m market cap, or US$8.05m). Minor Risk Latest financial reports are more than 6 months old (reported February 2025 fiscal period end). New Risk • Feb 28
New major risk - Revenue and earnings growth Revenue has declined by 12% over the past year. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Revenue has declined by 12% over the past year. Market cap is less than US$10m (€6.18m market cap, or US$7.31m). Minor Risks Latest financial reports are more than 6 months old (reported February 2025 fiscal period end). Share price has been volatile over the past 3 months (8.1% average weekly change). New Risk • Jan 26
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended February 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (€6.42m market cap, or US$7.59m). Minor Risks Latest financial reports are more than 6 months old (reported February 2025 fiscal period end). Share price has been volatile over the past 3 months (9.1% average weekly change). New Risk • Aug 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of French stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (€6.18m market cap, or US$7.15m). Minor Risk Share price has been volatile over the past 3 months (7.1% average weekly change). Reported Earnings • Jul 03
Full year 2025 earnings released: €0.04 loss per share (vs €0.30 profit in FY 2024) Full year 2025 results: €0.04 loss per share (down from €0.30 profit in FY 2024). Revenue: €30.2m (down 11% from FY 2024). Net loss: €93.0k (down 113% from profit in FY 2024). Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Announcement • Jun 10
Eo2 Société Anonyme, Annual General Meeting, Jun 16, 2025 Eo2 Société Anonyme, Annual General Meeting, Jun 16, 2025. Location: 5 rue benjamin raspail, malakoff France Reported Earnings • Jan 15
First half 2025 earnings released: EPS: €0.16 (vs €0.39 in 1H 2024) First half 2025 results: EPS: €0.16 (down from €0.39 in 1H 2024). Revenue: €16.7m (down 18% from 1H 2024). Net income: €376.0k (down 59% from 1H 2024). Profit margin: 2.2% (down from 4.6% in 1H 2024). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. New Risk • Nov 08
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €8.91m (US$9.60m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported February 2023 fiscal period end). Market cap is less than US$10m (€8.91m market cap, or US$9.60m). New Risk • Jul 30
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended February 2023. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risk Latest financial reports are more than 1 year old (reported February 2023 fiscal period end). Minor Risks Shareholders have been diluted in the past year (3.7% increase in shares outstanding). Market cap is less than US$100m (€10.1m market cap, or US$11.0m). Announcement • Jun 16
Eo2 Société Anonyme, Annual General Meeting, Jul 17, 2024 Eo2 Société Anonyme, Annual General Meeting, Jul 17, 2024. Location: 36 avenue pierre brossolette, malakoff France New Risk • Feb 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended February 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported February 2023 fiscal period end). Market cap is less than US$100m (€12.5m market cap, or US$13.5m). Announcement • Dec 12
Eo2 Société Anonyme (ENXTPA:ALEO2) commences an Equity Buyback Plan for 10% of its issued share capital, for €2.4 million, under the authorization approved on August 7, 2023. Eo2 Société Anonyme (ENXTPA:ALEO2) commences share repurchases on December 1, 2023 under the program mandated by the Annual General Meeting held on August 7, 2023. As per the mandate, the company is authorized to repurchase up to 10% of its issued share capital, for €2.4 million, such that in no case the Company holds at any time more than 10% of the ordinary shares making up its share capital. The maximum price which may be paid for each share is €10 per share. The shares repurchased will be used to stimulate the company's security market, to implement stock purchase option plan of the company, to allocate shares free of charge, to allocate shares to employees as part of their participation in the fruits of the company's expansion and to implement any company savings plan under the conditions provided for by law, to hold shares for subsequent delivery as payment or exchange as part of external growth operations, to deliver shares when exercising rights attached to securities giving access in capital and to cancel all or part of the shares to reduce share capital. The authorization is valid for 18 months. New Risk • Jul 31
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended August 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 1.0% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported August 2022 fiscal period end). Market cap is less than US$100m (€16.4m market cap, or US$18.1m). Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to €6.64, the stock trades at a trailing P/E ratio of 9.9x. Average trailing P/E is 8x in the Oil and Gas industry in France. Total returns to shareholders of 109% over the past three years. Reported Earnings • Dec 27
First half 2023 earnings released: EPS: €0.53 (vs €0.10 in 1H 2022) First half 2023 results: EPS: €0.53 (up from €0.10 in 1H 2022). Revenue: €17.3m (up 34% from 1H 2022). Net income: €1.34m (up 404% from 1H 2022). Profit margin: 7.7% (up from 2.1% in 1H 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Dec 12
Investor sentiment improved over the past week After last week's 17% share price gain to €5.68, the stock trades at a trailing P/E ratio of 23.1x. Average trailing P/E is 14x in the Oil and Gas industry in France. Total returns to shareholders of 40% over the past three years. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. No independent directors (9 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Aug 26
Investor sentiment improved over the past week After last week's 16% share price gain to €6.50, the stock trades at a trailing P/E ratio of 26.5x. Average trailing P/E is 18x in the Oil and Gas industry in France. Total returns to shareholders of 86% over the past three years. Valuation Update With 7 Day Price Move • Jul 29
Investor sentiment improved over the past week After last week's 18% share price gain to €5.60, the stock trades at a trailing P/E ratio of 22.8x. Average trailing P/E is 16x in the Oil and Gas industry in France. Total returns to shareholders of 70% over the past three years. Reported Earnings • Jul 02
Full year 2022 earnings released: EPS: €0.26 (vs €0.12 in FY 2021) Full year 2022 results: EPS: €0.26 (up from €0.12 in FY 2021). Revenue: €28.8m (up 16% from FY 2021). Net income: €623.0k (up 125% from FY 2021). Profit margin: 2.2% (up from 1.1% in FY 2021). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. No independent directors (9 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Dec 31
First half 2022 earnings: EPS and revenues miss analyst expectations First half 2022 results: EPS: €0.10 (down from €0.22 in 1H 2021). Revenue: €13.0m (up 15% from 1H 2021). Net income: €266.0k (down 46% from 1H 2021). Profit margin: 2.1% (down from 4.4% in 1H 2021). Revenue missed analyst estimates by 8.9%. Earnings per share (EPS) also missed analyst estimates by 23%. Earnings per share (EPS) missed analyst estimates by 23%. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 32% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jul 21
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €3.66, the stock trades at a trailing P/E ratio of 31.3x. Average trailing P/E is 12x in the Oil and Gas industry in Europe. Total loss to shareholders of 6.4% over the past three years. Reported Earnings • Jul 04
Full year 2021 earnings released: EPS €0.12 (vs €0.51 in FY 2020) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2021 results: Revenue: €25.7m (up 4.8% from FY 2020). Net income: €277.0k (down 77% from FY 2020). Profit margin: 1.1% (down from 4.9% in FY 2020). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €4.85, the stock trades at a trailing P/E ratio of 9.3x. Average trailing P/E is 12x in the Oil and Gas industry in Europe. Total loss to shareholders of 4.5% over the past three years. Is New 90 Day High Low • Feb 11
New 90-day high: €5.54 The company is up 58% from its price of €3.51 on 13 November 2020. The French market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 8.0% over the same period. Valuation Update With 7 Day Price Move • Feb 08
Investor sentiment improved over the past week After last week's 16% share price gain to €5.32, the stock is trading at a trailing P/E ratio of 10.2x, up from the previous P/E ratio of 8.8x. This compares to an average P/E of 14x in the Oil and Gas industry in Europe. Total return to shareholders over the past three years is a loss of 21%. Is New 90 Day High Low • Jan 04
New 90-day high: €5.20 The company is up 43% from its price of €3.64 on 06 October 2020. The French market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 21% over the same period. Reported Earnings • Dec 30
First half 2021 earnings released: EPS €0.22 The company reported a soft first half result with weaker earnings and profit margins, although revenues were improved. First half 2021 results: Revenue: €11.3m (up 9.9% from 1H 2020). Net income: €496.0k (down 3.1% from 1H 2020). Profit margin: 4.4% (down from 5.0% in 1H 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Nov 26
New 90-day high: €4.32 The company is up 17% from its price of €3.69 on 28 August 2020. The French market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 13% over the same period. Valuation Update With 7 Day Price Move • Nov 26
Market bids up stock over the past week After last week's 20% share price gain to €4.32, the stock is trading at a trailing P/E ratio of 8.5x, up from the previous P/E ratio of 7.1x. This compares to an average P/E of 12x in the Oil and Gas industry in Europe. Total return to shareholders over the past three years is a loss of 17%. Is New 90 Day High Low • Oct 29
New 90-day low: €3.15 The company is down 5.0% from its price of €3.31 on 30 July 2020. The French market is down 3.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Oil and Gas industry, which is down 20% over the same period. Reported Earnings • Oct 19
Full year earnings released - EPS €0.51 Over the last 12 months the company has reported total profits of €1.20m, up 71% from the prior year. Total revenue was €26.2m over the last 12 months, up 1.2% from the prior year. Profit margins were 4.6%, which is higher than the 2.7% margin from last year. The increase in margin was primarily driven by higher revenue. 
