Annual Report 2024

24. Subsidiaries

The direct investments owned by JMH, as at 31 December 2024, are as follows:

Direct investments owned

Company

 

Notes

 

Head
office

 

% Owned

 

Stake held
directly

 

Total
assets

 

Shareholder’s
equity

 

Net
profit/loss

INVESTMENTS IN SUBSIDIARIES

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Desimo, Lda.

 

a)

 

Lisbon

 

100.00

 

50

 

869

 

865

 

9

Jerónimo Martins – Serviços, S.A.

 

a)

 

Lisbon

 

100.00

 

50

 

16,718

 

2,616

 

1,250

Jerónimo Martins Inovação, S.A.

 

a)

 

Lisbon

 

100.00

 

50

 

49

 

49

 

0

Trade Wings, S.A.

 

a)

 

Lisbon

 

100.00

 

1,000

 

58,109

 

4,323

 

(7,241)

Larantigo – Sociedade de Construções, S.A.

 

a)

 

Lisbon

 

70.00

 

1,750

 

23,706

 

23,676

 

42

Warta – Retail & Services Investments B.V.

 

a)

 

Amsterdam

 

100.00

 

18

 

1,695,922

 

1,691,960

 

940,094

Tagus – Retail & Services Investments B.V.

 

a)

 

Amsterdam

 

100.00

 

18

 

680,917

 

680,883

 

45,834

New World Investments B.V.

 

a)

 

Amsterdam

 

100.00

 

18

 

1,043,795

 

1,043,772

 

(416)

Origins – Agro Business Investments B.V.

 

a)

 

Amsterdam

 

100.00

 

18

 

426,341

 

426,335

 

(16,268)

Jeronimo Martins Slovensko, s. r. o.

 

 

 

Bratislava

 

10.00

 

100

 

50,757

 

39,401

 

(15,106)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

OTHER FINANCIAL INVESTMENTS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Epic Partners, S.A.

 

b)

 

Geneve

 

5.33

 

b)

 

b)

 

b)

 

b)

a)

For the purposes of the article 486, paragraph 3, of the Portuguese Commercial Companies Code, we declare that we hold the control of the companies indicated.

b)

Information not available.

During 2024 JMH acquired a financial investment of 70% in the company Larantigo – Sociedade de Construções, S.A., by the amount of €1,750 thousand.

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