Breaking Down Euronext N.V. Financial Health: Key Insights for Investors

Euronext N.V. stands at the heart of European finance, operating regulated markets in Amsterdam, Brussels, Dublin, Lisbon, Milan, Oslo and Paris and driven by a clear mandate to connect local economies to global capital markets; founded in 2000 and grown through landmark acquisitions like the Irish Stock Exchange, Oslo Børs VPS and Borsa Italiana, the group reported revenues exceeding €1.6 billion in 2024 and has codified its future under the strategic plan "Innovate for Growth 2027," with a vision to build the leading pan‑European market infrastructure (including planned expansion to Athens) while accelerating innovation via AI and platforms such as Optiq®; its mission-to power capital markets to finance the real economy-emphasizes sustainability and inclusion, backing ambitious ESG commitments including a target of Net Zero by 2050, and its core values of unity, integrity, agility, energy and accountability are manifested in a diverse workforce of over 65 nationalities across 18 countries and a growing suite of ESG products that underscore Euronext's role in financing sustainable growth (notably reflected by its inclusion in the CAC 40® Index in September 2025).

Euronext N.V. (ENX.PA) - Intro

• Presence: 7 regulated markets spanning the Eurozone and wider Europe.
• Key acquisitions: Irish Stock Exchange, Oslo Børs VPS, Borsa Italiana (among others).
• 2024 revenues: > €1.6 billion.
• Strategic plan: 'Innovate for Growth 2027' - focus on revenue acceleration via innovation and diversification.
• Index recognition: Included in the CAC 40® Index in September 2025.

• Connect local economies to global capital markets by providing secure, liquid, and accessible market infrastructure.
• Facilitate capital formation for companies of all sizes while protecting investor integrity through regulated market frameworks.
• Deliver technology-enabled market services that increase transparency and operational efficiency for participants.

• To be the leading pan‑European market infrastructure, converging regional liquidity and enabling European competitiveness on the global stage.
• Drive market modernization through data-driven services, digital innovation, and sustainable finance solutions that support long-term growth.

• Integrity - regulatory stewardship, market surveillance, and high governance standards across all venues.
• Innovation - investing in trading technology, data products, and post‑trade services under 'Innovate for Growth 2027'.
• Customer centricity - tailored listing services, issuer support, and participant-focused market access.
• Collaboration - partnerships with local exchanges, regulators, and industry stakeholders to harmonize cross‑border capital flows.
• Sustainability - promoting ESG listings, green bond frameworks, and sustainability reporting to channel capital to transition activities.

• Accelerate revenue growth through product diversification: data & indices, market services, and technology licensing.
• Scale post‑trade and clearing services to capture more of the European value chain.
• Expand market access and liquidity pools across member exchanges to support pan‑European capital formation.
• Develop ESG and sustainable finance propositions to meet rising investor and issuer demand.
• Leverage initiatives from Innovate for Growth 2027 to increase recurring, high-margin revenue streams.

• Revenues > €1.6bn in 2024 signal strong commercial traction across listings, trading, and market services.
• Inclusion in CAC 40® (Sept 2025) demonstrates market recognition of Euronext's scale and systemic importance in France and Europe.
• Acquisitions of national exchanges have materially expanded serviceable markets and diversified revenue exposure.

Euronext N.V. (ENX.PA) Overview

• Core mission pillars:
  • Finance the real economy by providing access to capital for corporates, SMEs and public issuers across Europe.
  • Operate a high‑integrity, transparent trading and post‑trade ecosystem for issuers, investors and intermediaries.
  • Accelerate innovation (market products, technology and digital services) to increase market efficiency and accessibility.
  • Embed sustainability and climate action across operations and product offerings, aligned with UN Sustainable Development Goals.
  • Foster diversity and inclusion with measurable targets for board and senior management gender diversity.

• Net Zero commitment: target to achieve Net Zero greenhouse gas emissions by 2050 across scopes 1-3, aligning with science‑based pathways and disclosure standards.
• ESG product expansion: increase sustainable listings, ESG indices and green bond services to support capital flows into sustainable projects.
• Diversity targets: explicit goals for gender diversity at board and senior management levels (progress tracked and reported annually).
• Stakeholder governance: embed UN SDGs and multi‑stakeholder value creation in corporate governance and reporting frameworks.

• ESG integration across products: green, social and sustainability bond listings; ESG indices; sustainable ETFs and data services to enable investor flows to sustainable assets.
• Transparency & integrity: investments in market surveillance, cybersecurity and clearing resilience to protect market participants and preserve trust.
• Stakeholder alignment: reporting aligned with TCFD, SFDR, EU Taxonomy and other regulatory frameworks where applicable; regular sustainability disclosures.
• Diversity & inclusion: talent programs, targets for board and senior management gender balance, and initiatives to broaden access to capital for underrepresented issuers.

Euronext N.V. (ENX.PA) - Mission Statement

• To build and operate the leading pan‑European market infrastructure that connects local economies to global capital, enabling growth, liquidity and price discovery for issuers and investors.
• To accelerate innovation and sustainable finance while delivering trusted, resilient and efficient market services across equities, fixed income, derivatives, commodities and post‑trade.
• To expand market access and inclusion through strategic acquisitions and a federated model that preserves local market strengths while creating European scale.

• Be the backbone of the European Capital Markets Union by providing interoperable, secure and high‑performance market infrastructure across Europe.
• Lead the transformation of capital markets through technology and AI‑driven operational excellence, reducing latency, improving surveillance and enabling scalable new services for issuers and investors.
• Expand reach via targeted acquisitions and partnerships (e.g., planned or contemplated market entries such as Athens) to strengthen the federated Euronext model and increase competitive density in equity trading and ETFs.
• Empower sustainable finance by adopting science‑based climate targets and committing to Net Zero by 2050, integrating ESG data, green products and sustainability‑linked service offerings into core market infrastructure.
• Become the leading equity and ETF market in Europe by increasing market share in cash equities, derivatives and ETFs through product innovation and deeper liquidity pools.

• Integrity & Trust - operate transparent, fair markets and ensure robust compliance and surveillance.
• Customer‑Centricity - design products and services around the needs of issuers, brokers, asset managers and retail participants.
• Excellence & Reliability - deliver market‑grade performance, availability and resiliency for mission‑critical infrastructure.
• Innovation - leverage technology (including AI) to improve efficiency, reduce costs and create new capital‑raising and trading opportunities.
• Sustainability - integrate climate and ESG objectives across strategy, products and operations.

• Acquisitions & partnerships - pursue selective market entries (e.g., Athens) to deepen regional coverage and liquidity aggregation.
• Technology & AI - invest in low‑latency trading platforms, AI for surveillance and automation to lower operating costs and raise platform capacity.
• Product growth - scale ETFs, derivatives and clearing products to capture fee pools and become Europe's leading ETF venue.
• Sustainable finance solutions - expand green bond listings, ESG indices, climate reporting services and sustainability‑linked products for issuers and investors.

• Board and executive oversight align strategy with measurable financial and ESG targets, with public reporting against interim climate objectives.
• Risk management emphasizes market integrity, cyber resilience and operational continuity for high‑availability trading and clearing services.

Euronext N.V. (ENX.PA) - Vision Statement

• Unity - creating seamless pan‑European markets that connect participants across 18 countries.
• Integrity - operating regulated, transparent markets that adhere to the highest standards of conduct and governance.
• Agility - continuously innovating with modular, scalable technology such as Optiq® to meet evolving market needs.
• Energy - driving growth through product innovation (equities, derivatives, fixed income, ETFs, repo, commodities) and market development.
• Accountability - measurable targets for operational performance, sustainability commitments and stakeholder outcomes.

• Net Zero by 2050 commitment and SBTi-aligned targets for scope 1, 2 and priority scope 3 categories.
• Provision of ESG products and services: green and sustainability-linked bonds listing, ESG indices, dedicated sustainability reporting channels and data services.
• Support for clients' ESG journeys via advisory, listing guidance and tailored capital-raising pathways.

• Optiq® platform: unified architecture for trading, matching and market data across Euronext markets.
• Operational resilience targets: high availability SLAs and continuous investment in cybersecurity and disaster recovery.
• Product breadth: equities, ETFs, derivatives, fixed income, repo, commodities and market data/indices supporting capital formation and risk transfer.