Smart Good Things Holding S.A.: directors' dealings · France · AMF

About Smart Good Things Holding S.A.

SMART GOOD THINGS HOLDING S.A. is a French holding company listed on Euronext Access+ in Paris, with ISIN FR001400LBS6 and ticker MLSGT. The company was created in November 2020 and completed a direct listing on 2 September 2022. Its original positioning was centered on beverages and functional consumer products, under a broader ambition described as a caring and socially responsible economic model. Euronext’s listing document confirms that the company’s corporate purpose is to acquire stakes in industrial, commercial, financial or real-estate businesses, which underscores its nature as a strategic holding vehicle rather than a pure operating company. Operationally, Smart Good Things Holding acts as the coordinating parent company of its subsidiaries. It provides them with support services, particularly in legal, financial and tax matters, and may also enter into framework agreements on their behalf. Historically, the group developed around powdered beverage activities and responsible consumption concepts, with expertise in product design, commercialization and brand-led market development. The Euronext documentation also highlights regulatory exposure related to food safety, product compliance and personal data protection, which is consistent with a consumer-goods business model operating in a tightly regulated environment. Fiscal year 2024 was a pivotal year for the group. Smart Good Things Holding ended its partnerships with Distribution Casino France, including the termination of commercial agreements and the sale of inventory, while it sold almost all of its stake in Salva to mutual insurer Garance for EUR 50.0 million, plus a potential earn-out over ten years. These actions materially reshaped the group’s perimeter and reduced reliance on legacy commercial relationships. In addition, the 2023 convertible and equity-linked bonds were fully repaid, and several loss-making subsidiaries were liquidated or wound up. By the end of 2024, the company had refocused on higher value-added service activities and new growth drivers, notably Smart Wallet, a media and advertising vehicle dedicated to responsible consumption, and Le Campus # La Régie, a subsidiary focused on training and local economic development. A secondary establishment was also created in Le Cannet to support the rollout of Smart Wallet. For 2024, the company reported revenue of EUR 4.8 million and net income of EUR 8.9 million, compared with a EUR 60.3 million net loss in 2023, reflecting both the restructuring and the gains linked to disposals. Although it remains a small-cap issuer on a specialist market, Smart Good Things Holding now presents itself as a transformed holding company with exposure to consumer-related services, responsible consumption initiatives and new commercial models.