ABC arbitrage: HY 2026 Consolidated Results: €26.0 m (+47%) | Annualised ROE 2026: 27.4% | EPS HY 2026: €0.44
ABCA.PA
HY 2026 Consolidated Results: €26.0 m (+47%)
Annualised ROE 2026: 27.4% | EPS HY 2026: €0.44
The Board of Directors of ABC arbitrage, led by Chairman Dominique Ceolin, convened on September 17, 2026, to ratify the consolidated <a no-life zone" (below 15%), a sharp decline from the more than 33% recorded over the preceding three years. The intensification of the conflict between the United States and Iran starting in late February served as the primary shock of the period, prompting a widespread defensive retreat across equity markets and a nearly 25% surge in trading volumes. Simultaneously, Asian markets experienced significantly higher volatility than those in Europe or the United States, particularly within the investment management provided by the Group. With current operating income reaching €51.0m, the Group’s results surpassed expectations based on comparable market conditions from the past. The gains realized during periods of high volatility were driven in March by a “double turbo” effect, similar to what was observed in April 2025, while performance in medium-volatility regimes (ranging from 15% to 20%) was once again validated. The ongoing diversification of the Group’s strategies, paired with the proactive management of leverage and risk implemented in late 2024, played a key role in this performance. Consistent with the goals announced in March 2026, the annualised ROE reached 27.4%, comfortably exceeding both the 10% floor target and the historical average of nearly 15%.
