Exor, NL0012059018

Exor reports EUR 76 million buyback as Exor stock trades at 57.60 percent NAV discount

Published on 10/16/2026 at 10:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Exor bought 1,087,462 shares by October 12, 2026. Exor stock costs EUR 69.03, 0.32 percent below the Xetra close of EUR 69.25.

Capital allocation and valuation

Exor had invested EUR 76 million and bought 1,087,462 shares by October 12, 2026.
At June 30, 2026, NAV per share was EUR 157.90, down 3.90 percent in the first half.
Exor stock trades at EUR 69.03 at 10:31 a.m. CEST at Lang & Schwarz on October 16, 2026, 0.32 percent below the Xetra close of October 15, 2026 at EUR 69.25.
Exor's next financial results are scheduled for March 31, 2027.

Exor, NL0012059018, Illustration mit AI erstellt.

Exor reported that it had invested EUR 76 million and bought 1,087,462 ordinary shares by October 12, 2026, under the first tranche of its buyback program, according to Yahoo Finance. The move followed Exor's half-year report, which showed a 57.60 percent discount to net asset value at June 30, 2026, according to Exor.

Buyback reaches EUR 76 million

The October 12 update covered purchases made from October 5 through October 9, 2026. The company held 6,125,838 treasury shares after those transactions, equal to 2.95 percent of its ordinary issued share capital, according to Exor. The first tranche forms part of a buyback program of up to EUR 500 million announced with the half-year results.

Three capital allocation steps

On September 22, 2026, Exor published first-half results and announced the buyback program of up to EUR 500 million, according to GlobeNewswire. On September 23, 2026, the program was presented as running until the next financial results in March 2027. On October 12, 2026, the first tranche reached EUR 76 million and 1,087,462 shares.

What does the discount mean for value?

Exor's NAV per share stood at EUR 157.90 at June 30, 2026, down 3.90 percent from December 31, 2025. Net asset value totaled EUR 32.009 billion, while cash and cash equivalents rose to EUR 2.179 billion from EUR 1.408 billion at year-end. The balance sheet gives the buyback a clear capital allocation role, but the valuation also reflects a difficult first half in the listed portfolio.

Next reporting date is March 31

Exor's next financial results are scheduled for March 31, 2027, according to Barron's. That date is the next scheduled checkpoint for the buyback period and the portfolio simplification strategy.

Stock price stays below NAV

Exor was trading at EUR 69.03 at Lang & Schwarz on October 16, 2026 at 10:31 a.m. CEST, down EUR 0.22, or 0.32 percent, versus the Xetra close of October 15, 2026 at EUR 69.25. Exor shares are listed on Euronext Amsterdam under ticker EXO, and the company is an investment holding group with major positions including Ferrari, Philips, CNH and Stellantis. The further course of trading is shown by the continuously updated real-time quote of Exor stock.