Pursuant to European Regulation 1606/2002 of July 19, 2002, the consolidated financial statements of the Sodexo Group have been prepared in accordance with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB) and approved by the European Union as of the fiscal year-end. The texts adopted by the European Union are published in the Official Journal of the European Union and are available for consultation on EUR-Lex.
Information for the comparative year presented has been prepared using the same principles.
The Group has not applied any IFRSs that had not yet been approved by the European Union as of the fiscal year-end. As of August 31, 2025, the standards and interpretations adopted by the European Union are identical to those required to be applied by the IASB.
The accounting policies used by the Group to prepare its consolidated financial statements for the fiscal year ended August 31, 2025 are the same as those used for the consolidated financial statements for the fiscal year ended August 31, 2024 except for the following amendments that came into force on September 1, 2025:
Amendments to IAS 21 "The Effects of Changes in Foreign Exchange Rates: Lack of Exchangeability".
These amendments had no impact on the consolidated financial statements.
Standards and amendments adopted by the European Union but not yet applicable
| Standards and amendments | Application date(1) |
|---|---|
| Amendments to IFRS 9 and IFRS 7 “Classification and Measurement of Financial Instruments” | Amendments to IFRS 9 and IFRS 7 “Classification and Measurement of Financial Instruments” Application date (1)September 1, 2026 |
| Amendments to IFRS 9 and IFRS 7 “Nature-dependent Electricity Contracts” | Amendments to IFRS 9 and IFRS 7 “Nature-dependent Electricity Contracts” Application date (1)September 1, 2026 |
| Annual Improvements to IFRS Accounting Standards—Volume 11 | Annual Improvements to IFRS Accounting Standards—Volume 11 Application date (1)September 1, 2026 |
The Group has not elected to early adopt any standards, interpretations or amendments which will be effective for the Group as of September 1, 2026. The impact of applying these amendments is currently being analyzed.
Standards and amendments not yet adopted by the European Union
| Standards and amendments | Application date(1) |
|---|---|
| IFRS 18 “Presentation and Disclosure in Financial Statements” | IFRS 18 “Presentation and Disclosure in Financial Statements” Application date (1)September 1, 2027 |
| IFRS 19 "Subsidiaries without Public Accountability: Disclosures” | IFRS 19 "Subsidiaries without Public Accountability: Disclosures” Application date (1)September 1, 2027 |
The impact of applying IFRS 18 is currently being analyzed. IFRS 19 will not have an impact on the consolidated financial statements.
The preparation of financial statements requires the management of Sodexo and its subsidiaries to make estimates and assumptions which affect the amounts reported for assets, liabilities and contingent liabilities as of the date of preparation of the financial statements, and for revenues and expenses for the fiscal year.
These estimates and valuations are updated continuously based on past experience and on various other factors considered reasonable in view of current circumstances, and are the basis for the assessments of the carrying amount of assets and liabilities.
Actual amounts may differ from these estimates if assumptions or circumstances change.
Significant items subject to such estimates and assumptions include the following:
In 2024, Sodexo conducted its first double materiality assessment, in compliance with the Corporate Sustainability Reporting Directive (CSRD), to identify and prioritize impacts, risks and opportunities related to climate change and other sustainability matters. It confirmed that over 90% of Sodexo's emissions come from its value chain and that climate matters are central to the transformation of its business model.
Further to this exercise, the Group has committed to further integrating the effects of climate change into its strategic planning processes. The work conducted included:
