2026 Shareholder's Practical Guide

Our Shareholders: partners in performance

OUR SHAREHOLDERS PARTNERS IN PERFORMANCE

At Air Liquide, the structure of our Shareholder base is a major asset. It is built on a unique complementarity between our institutional investors, who bring financial strength, international diversity and high standards in governance and sustainability, and our individual Shareholders, the long-standing pillars of our Shareholder stability.

Together, they form a distinctive foundation built on strong values of transparency and dialogue, which are essential to understanding our performance and strategy. This relationship of mutual trust, built over time, facilitates investment decisions and drives the major strategic choices that support our growth, such as the recent acquisition of DIG Airgas in South Korea. It also enables us to create value in a consistent, responsible and sustainable way for all.

Aude Rodriguez,VP HEAD OF INVESTOR RELATIONS AT AIR LIQUIDE
GROUP SHAREHOLDERS
67% Institutional. 33% Individual.

970,000 individual Shareholders including:

  • 140,000 direct registered Shareholders
  • 240,000 intermediary registered Shareholders
  • 590,000 bearer Shareholders
KEY FIGURES
  • €92,852M in market capitalization as of December 31, 2025, ranking Air Liquide 6th in the CAC 40 index
  • €6.10 in net earnings per share, an increase of +6.3% on 2024
  • €3.70 dividend per share proposed at the Annual General Meeting of May 5, 2026,an increase of +12.1% on 2024
  • +38% dividend per share over 3 years