| (in million euros) | FISCAL 2025 | FISCAL 2024 |
|---|---|---|
| UNDERLYING OPERATING PROFIT | UNDERLYING OPERATING PROFITFISCAL 20251,139 | UNDERLYING OPERATING PROFITFISCAL 202 4 1,109 |
| Net impact related to consolidation scope changes | Net impact related to consolidation scope changes FISCAL 20253 |
Net impact related to consolidation scope changes FISCAL 2024 90 |
| Restructuring and rationalization costs | Restructuring and rationalization costs FISCAL 2025(97) |
Restructuring and rationalization costs FISCAL 2024 (65) |
| Amortization of purchased intangible assets | Amortization of purchased intangible assets FISCAL 2025(35) |
Amortization of purchased intangible assets FISCAL 2024 (35) |
| Other | Other FISCAL 2025(25) |
Other FISCAL 2024 (48) |
| OTHER OPERATING INCOME AND EXPENSES | OTHER OPERATING INCOME AND EXPENSESFISCAL 2025(154) | OTHER OPERATING INCOME AND EXPENSESFISCAL 202 4 (58) |
| OPERATING PROFIT | OPERATING PROFITFISCAL 2025985 | OPERATING PROFITFISCAL 202 4 1,051 |
| Net financial expense | Net financial expense FISCAL 2025(88) |
Net financial expense FISCAL 2024 (63) |
| Net income before tax & shares accounted for equity method | Net income before tax & shares accounted for equity method FISCAL 2025892 |
Net income before tax & shares accounted for equity method FISCAL 2024 983 |
| Tax charge | Tax charge FISCAL 2025(198) |
Tax charge FISCAL 2024 (249) |
| NET PROFIT FROM CONTINUING OPERATIONS (GROUP SHARE) | NET PROFIT FROM CONTINUING OPERATIONS (GROUP SHARE)FISCAL 2025695 | NET PROFIT FROM CONTINUING OPERATIONS (GROUP SHARE)FISCAL 202 4 738 |
| UNDERLYING NET PROFIT FROM CONTINUING OPERATIONS (GROUP SHARE) | UNDERLYING NET PROFIT FROM CONTINUING OPERATIONS (GROUP SHARE)FISCAL 2025785 | UNDERLYING NET PROFIT FROM CONTINUING OPERATIONS (GROUP SHARE)FISCAL 202 4 775 |
Other operating income and expenses amounted to -154 million euros, versus -58 million euros last year (which included a one-off gain on the disposal of the Homecare business). Of this, 97 million euros relate to restructuring, aimed at improving efficiency, productivity, and margins, and covering initiatives such as Global Business Services, ERP implementation, and other organizational optimizations.
As a result, the operating profit reached 985 million euros compared to 1,051 million euros in the previous year.
Fiscal 2025 net financial expenses amounted to 88 million euros, up from 63 million euros in Fiscal 2024. The increase primarily reflects lower one-off gains compared with the prior year, including compensatory interest in Brazil and the Sofinsod dividend. The new USD bond issuance had negligible impact this year, with higher coupons offset by increased interest income on cash and a gain on the tender of existing bonds.
The tax charge was 198 million euros, leading to an effective tax rate of 22.2%, reflecting mainly the update of the risk related to Sodexo S.A. tax audit, following the finalization of related procedures during the period, and the recognition of previously unrecognized tax losses in France.
The share of profit of other companies accounted for using the equity method was 12 million euros compared to 13 million euros last year. Profit attributed to non-controlling interests was 11 million euros compared to the previous year amount of 9 million euros.
As a result, Group net profit was 695 million euros, compared to 738 million euros in Fiscal 2024. Underlying net profit adjusted for other operating income and expenses net of tax, reached 785 million euros, compared to 775 million euros in Fiscal 2024, up +3.7% at constant currencies.
