Universal Registration Document Fiscal 2025

4.1 Consolidated financial statements

4.1 Consolidated financial statements

4.1.1 Consolidated income statement

(in millions of euros) NOTES FISCAL 2025 FISCAL 2024
Revenues Revenues

NOTES

4.1
RevenuesFISCAL 202524,074 RevenuesFISCAL 202423,798
Cost of sales Cost of sales

NOTES

4.2
Cost of salesFISCAL 2025(21,241) Cost of salesFISCAL 2024(20,953)
Gross profit Gross profit

NOTES

 

Gross profitFISCAL 20252,833 Gross profitFISCAL 20242,845
Selling, general and administrative costs

Selling, general and administrative costs

NOTES

4.2

Selling, general and administrative costs

FISCAL 2025

(1,699)

Selling, general and administrative costs

FISCAL 2024

(1,741)

Share of profit of companies accounted for using the equity method that directly contribute to the Group’s business

Share of profit of companies accounted for using the equity method that directly contribute to the Group’s business

NOTES

8

Share of profit of companies accounted for using the equity method that directly contribute to the Group’s business

FISCAL 2025

5

Share of profit of companies accounted for using the equity method that directly contribute to the Group’s business

FISCAL 2024

5

Underlying operating profit Underlying operating profit

NOTES

4.1
Underlying operating profitFISCAL 20251,139 Underlying operating profitFISCAL 20241,109
Other operating income

Other operating income

NOTES

4.2

Other operating income

FISCAL 2025

21

Other operating income

FISCAL 2024

91

Other operating expenses

Other operating expenses

NOTES

4.2

Other operating expenses

FISCAL 2025

(175)

Other operating expenses

FISCAL 2024

(149)

Operating profit Operating profit

NOTES

 

Operating profitFISCAL 2025985 Operating profitFISCAL 20241,051
Financial income

Financial income

NOTES

12.1

Financial income

FISCAL 2025

90

Financial income

FISCAL 2024

120

Financial expenses

Financial expenses

NOTES

12.1

Financial expenses

FISCAL 2025

(178)

Financial expenses

FISCAL 2024

(183)

Share of profit of other companies accounted for using the equity method

Share of profit of other companies accounted for using the equity method

NOTES

8

Share of profit of other companies accounted for using the equity method

FISCAL 2025

7

Share of profit of other companies accounted for using the equity method

FISCAL 2024

8

Profit before tax Profit before tax

NOTES

 

Profit before taxFISCAL 2025904 Profit before taxFISCAL 2024996
Income tax expense

Income tax expense

NOTES

9.2

Income tax expense

FISCAL 2025

(198)

Income tax expense

FISCAL 2024

(249)

Net profit from continuing operations Net profit from continuing operations

NOTES

 

Net profit from continuing operationsFISCAL 2025706 Net profit from continuing operationsFISCAL 2024747
Net profit from discontinued operations Net profit from discontinued operations

NOTES

 

Net profit from discontinued operationsFISCAL 2025 Net profit from discontinued operationsFISCAL 2024(568)
Net profit Net profit

NOTES

 

Net profitFISCAL 2025706 Net profitFISCAL 2024179
Of which:

Of which:

NOTES

 

Of which:

FISCAL 2025

 

Of which:

FISCAL 2024

 

Profit attributable to non-controlling interests

Profit attributable to non-controlling interests

NOTES

 

Profit attributable to non-controlling interests

FISCAL 2025

11

Profit attributable to non-controlling interests

FISCAL 2024

11

Net profit from continuing operations – Attributable to non-controlling interests

Net profit from continuing operations – Attributable to non-controlling interests

NOTES

 

Net profit from continuing operations – Attributable to non-controlling interests

FISCAL 2025

11

Net profit from continuing operations – Attributable to non-controlling interests

FISCAL 2024

9

Net profit from discontinued operations – Attributable to non-controlling interests

Net profit from discontinued operations – Attributable to non-controlling interests

NOTES

 

Net profit from discontinued operations – Attributable to non-controlling interests

FISCAL 2025

Net profit from discontinued operations – Attributable to non-controlling interests

FISCAL 2024

2

PROFIT ATTRIBUTABLE TO EQUITY HOLDERS OF THE PARENT PROFIT ATTRIBUTABLE TO EQUITY HOLDERS OF THE PARENT

NOTES

 

PROFIT ATTRIBUTABLE TO EQUITY HOLDERS OF THE PARENTFISCAL 2025695 PROFIT ATTRIBUTABLE TO EQUITY HOLDERS OF THE PARENTFISCAL 2024168

Net profit from continuing operations – Attributable to equity holders of the parent

Net profit from continuing operations – Attributable to equity holders of the parent

NOTES

 

Net profit from continuing operations – Attributable to equity holders of the parent

FISCAL 2025695

Net profit from continuing operations – Attributable to equity holders of the parent

FISCAL 2024738

Net profit from discontinued operations – Attributable to equity holders of the parent

Net profit from discontinued operations – Attributable to equity holders of the parent

NOTES

 

Net profit from discontinued operations – Attributable to equity holders of the parent

FISCAL 2025

Net profit from discontinued operations – Attributable to equity holders of the parent

FISCAL 2024(570)
Basic earnings per share (in euros) Basic earnings per share (in euros)

NOTES

11.2
Basic earnings per share (in euros)FISCAL 20254.76 Basic earnings per share (in euros)FISCAL 20241.15

from continuing operations – Attributable to equity holders of the parent (in euros per share)

from continuing operations – Attributable to equity holders of the parent (in euros per share)

NOTES

 

from continuing operations – Attributable to equity holders of the parent (in euros per share)

FISCAL 2025

4.76

from continuing operations – Attributable to equity holders of the parent (in euros per share)

FISCAL 2024

5.04

from discontinued operations – Attributable to equity holders of the parent (in euros per share)

from discontinued operations – Attributable to equity holders of the parent (in euros per share)

NOTES

 

from discontinued operations – Attributable to equity holders of the parent (in euros per share)

FISCAL 2025

from discontinued operations – Attributable to equity holders of the parent (in euros per share)

FISCAL 2024

(3.89)

Diluted earnings per share (in euros) Diluted earnings per share (in euros)

NOTES

11.2
Diluted earnings per share (in euros)FISCAL 20254.71 Diluted earnings per share (in euros)FISCAL 20241.13

from continuing operations – Attributable to equity holders of the parent (in euros per share)

from continuing operations – Attributable to equity holders of the parent (in euros per share)

NOTES

 

from continuing operations – Attributable to equity holders of the parent (in euros per share)

FISCAL 2025

4.71

from continuing operations – Attributable to equity holders of the parent (in euros per share)

FISCAL 2024

4.98

from discontinued operations – Attributable to equity holders of the parent (in euros per share)

from discontinued operations – Attributable to equity holders of the parent (in euros per share)

NOTES

 

from discontinued operations – Attributable to equity holders of the parent (in euros per share)

FISCAL 2025

from discontinued operations – Attributable to equity holders of the parent (in euros per share)

FISCAL 2024

(3.85)