The direct investments owned by JMH, as at 31 December 2023, are as follows:
| Company | 
 | Notes | 
 | Head | 
 | % Owned | 
 | Stake held | 
 | Total | 
 | Shareholder’s | 
 | Net | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Investments in subsidiaries | 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
 | ||||||
| Desimo, Lda. | 
 | a) | 
 | Lisbon | 
 | 100.00 | 
 | 50 | 
 | 208 | 
 | 206 | 
 | 7 | ||||||
| Jerónimo Martins – Serviços, S.A. | 
 | a) | 
 | Lisbon | 
 | 100.00 | 
 | 50 | 
 | 21,501 | 
 | 1,366 | 
 | 180 | ||||||
| Jerónimo Martins Inovação, S.A. | 
 | a) | 
 | Lisbon | 
 | 100.00 | 
 | 50 | 
 | 49 | 
 | 49 | 
 | ‐ | ||||||
| Trade Wings, S.A. | 
 | a) | 
 | Lisbon | 
 | 100.00 | 
 | 1,000 | 
 | 64,844 | 
 | 11,564 | 
 | (6,624) | ||||||
| Warta – Retail & Services Investments B.V. | 
 | a) | 
 | Amsterdam | 
 | 100.00 | 
 | 18 | 
 | 1,504,150 | 
 | 1,492,166 | 
 | 705,302 | ||||||
| Tagus – Retail & Services Investments B.V. | 
 | a) | 
 | Amsterdam | 
 | 100.00 | 
 | 18 | 
 | 423,587 | 
 | 423,549 | 
 | 38,380 | ||||||
| New World Investments B.V. | 
 | a) | 
 | Amsterdam | 
 | 100.00 | 
 | 18 | 
 | 923,825 | 
 | 923,787 | 
 | (435) | ||||||
| Origins – Agro Business Investments B.V. | 
 | a) | 
 | Amsterdam | 
 | 100.00 | 
 | 18 | 
 | 349,615 | 
 | 349,603 | 
 | (29) | ||||||
| Jeronimo Martins Slovensko, s. r. o. | 
 | a) | 
 | Bratislava | 
 | 10.00 | 
 | 100 | 
 | 5,828 | 
 | 4,507 | 
 | (1,493) | ||||||
| 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
 | ||||||
| Other financial investments | 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
 | ||||||
| Epic Partners, S.A. | 
 | b) | 
 | Geneve | 
 | 5.33 | 
 | b) | 
 | b) | 
 | b) | 
 | b) | ||||||
| 
 | ||||||||||||||||||||
During 2023 JMH disposed of part of the financial investment of the company Epic Partners SA, for the amount of €32 thousand, decreasing the percentage held for 5.33%.
In August 2023, JMH entered the share capital of Jeronimo Martins Slovensko, s. r. o., with a 10% stake.
In November 2023, the Company Friedman – Sociedade de Investimentos Mobiliários e Imobiliários, Lda. was liquidated.