| (in millions of euros) | FISCAL 2025 | FISCAL 2024 |
|---|---|---|
| Profit for the year before tax | Profit for the year before tax FISCAL 2025 904 |
Profit for the year before tax FISCAL 2024 996 |
| Share of profit of companies accounted for using the equity method | Share of profit of companies accounted for using the equity method FISCAL 2025 (12) |
Share of profit of companies accounted for using the equity method FISCAL 2024 (13) |
| Profit before tax excluding share of profit of companies accounted for using the equity method | Profit before tax excluding share of profit of companies accounted for using the equity method FISCAL 2025 892 |
Profit before tax excluding share of profit of companies accounted for using the equity method FISCAL 2024 983 |
| Tax rate applicable to Sodexo S.A. | Tax rate applicable to Sodexo S.A. FISCAL 2025 25.83% |
Tax rate applicable to Sodexo S.A. FISCAL 2024 25.83% |
| Theoretical income tax (expense)/benefit | Theoretical income tax (expense)/benefit FISCAL 2025 (231) |
Theoretical income tax (expense)/benefit FISCAL 2024 (254) |
| Effect of jurisdictional tax rate differences | Effect of jurisdictional tax rate differences FISCAL 2025 10 |
Effect of jurisdictional tax rate differences FISCAL 2024 7 |
| Permanently non-deductible expenses or non-taxable income | Permanently non-deductible expenses or non-taxable income FISCAL 2025 (5) |
Permanently non-deductible expenses or non-taxable income FISCAL 2024 25 |
| Other tax repayments/(charges), net(1) | Other tax repayments/(charges), net (1)FISCAL 2025 14 |
Other tax repayments/(charges), net (1)FISCAL 2024 (78) |
| Tax loss carry-forwards used or recognized during the fiscal year but not recognized as a deferred tax asset in prior periods(2) | Tax loss carry-forwards used or recognized during the fiscal year but not recognized as a deferred tax asset in prior periods (2)FISCAL 2025 21 |
Tax loss carry-forwards used or recognized during the fiscal year but not recognized as a deferred tax asset in prior periods (2)FISCAL 2024 61 |
| Tax loss carry-forwards and temporary differences arising during the fiscal year or prior years but not recognized as a deferred tax asset | Tax loss carry-forwards and temporary differences arising during the fiscal year or prior years but not recognized as a deferred tax asset FISCAL 2025 (4) |
Tax loss carry-forwards and temporary differences arising during the fiscal year or prior years but not recognized as a deferred tax asset FISCAL 2024 (7) |
| Actual income tax expense | Actual income tax expense FISCAL 2025 (195) |
Actual income tax expense FISCAL 2024 (246) |
| Withholding taxes | Withholding taxes FISCAL 2025 (3) |
Withholding taxes FISCAL 2024 (3) |
| TOTAL INCOME TAX EXPENSE | TOTAL INCOME TAX EXPENSE FISCAL 2025 (198) |
TOTAL INCOME TAX EXPENSE FISCAL 2024 (249) |
The effective tax rate for Fiscal 2025, calculated on the basis of profit for the fiscal year before tax and excluding the share of profit of companies accounted for by the equity method, was 22.2%, mainly impacted by the updated risk relating to tax audits at Sodexo S.A., following the end of proceedings during the period, and the recognition of previously unrecognized tax losses in France. By comparison, the effective tax rate in Fiscal 2024 was 25.4%.
Movements in deferred taxes were as follows in Fiscal 2025:
| (in millions of euros) | AUGUST 31, 2024 | DEFERRED TAX BENEFIT/ (EXPENSE) | DEFERRED TAX RECOGNIZED IN OTHER COMPREHENSIVE INCOME | EXCHANGE DIFFERENCES AND OTHER | AUGUST 31, 2025 |
|---|---|---|---|---|---|
| Employee-related liabilities | Employee-related liabilities AUGUST 31, 2024123 |
Employee-related liabilities DEFERRED TAX BENEFIT/ (EXPENSE) (7) |
Employee-related liabilities DEFERRED TAX RECOGNIZED IN OTHER COMPREHENSIVE INCOME — |
Employee-related liabilities EXCHANGE DIFFERENCES AND OTHER (4) |
Employee-related liabilities AUGUST 31, 2025112 |
| Fair value of financial instruments | Fair value of financial instrumentsAUGUST 31, 20241 |
Fair value of financial instrumentsDEFERRED TAX BENEFIT/ (EXPENSE) (1) |
Fair value of financial instrumentsDEFERRED TAX RECOGNIZED IN OTHER COMPREHENSIVE INCOME — |
Fair value of financial instrumentsEXCHANGE DIFFERENCES AND OTHER 1 |
Fair value of financial instrumentsAUGUST 31, 20251 |
| Goodwill | Goodwill AUGUST 31, 2024(132) |
Goodwill DEFERRED TAX BENEFIT/ (EXPENSE) (3) |
Goodwill DEFERRED TAX RECOGNIZED IN OTHER COMPREHENSIVE INCOME — |
Goodwill EXCHANGE DIFFERENCES AND OTHER 6 |
Goodwill AUGUST 31, 2025(129) |
| Intangible assets | Intangible assets AUGUST 31, 2024(4) |
Intangible assets DEFERRED TAX BENEFIT/ (EXPENSE) 7 |
Intangible assets DEFERRED TAX RECOGNIZED IN OTHER COMPREHENSIVE INCOME — |
Intangible assets EXCHANGE DIFFERENCES AND OTHER 1 |
Intangible assets AUGUST 31, 20254 |
| Other temporary differences | Other temporary differences AUGUST 31, 2024(30) |
Other temporary differences DEFERRED TAX BENEFIT/ (EXPENSE) (19) |
Other temporary differences DEFERRED TAX RECOGNIZED IN OTHER COMPREHENSIVE INCOME (2) |
Other temporary differences EXCHANGE DIFFERENCES AND OTHER 3 |
Other temporary differences AUGUST 31, 2025(48) |
| Tax loss carry-forwards | Tax loss carry-forwardsAUGUST 31, 202492 |
Tax loss carry-forwardsDEFERRED TAX BENEFIT/ (EXPENSE) (6) |
Tax loss carry-forwardsDEFERRED TAX RECOGNIZED IN OTHER COMPREHENSIVE INCOME — |
Tax loss carry-forwardsEXCHANGE DIFFERENCES AND OTHER (3) |
Tax loss carry-forwardsAUGUST 31, 202583 |
| TOTAL NET DEFERRED TAX ASSETS/ (LIABILITIES) | TOTAL NET DEFERRED TAX ASSETS/ (LIABILITIES)AUGUST 31, 202450 | TOTAL NET DEFERRED TAX ASSETS/ (LIABILITIES) DEFERRED TAX BENEFIT/ (EXPENSE) (29) |
TOTAL NET DEFERRED TAX ASSETS/ (LIABILITIES) DEFERRED TAX RECOGNIZED IN OTHER COMPREHENSIVE INCOME (2) |
TOTAL NET DEFERRED TAX ASSETS/ (LIABILITIES) EXCHANGE DIFFERENCES AND OTHER 4 |
TOTAL NET DEFERRED TAX ASSETS/ (LIABILITIES)AUGUST 31, 202523 |
| Of which deferred tax assets | Of which deferred tax assetsAUGUST 31, 2024199 | Of which deferred tax assets DEFERRED TAX BENEFIT/ (EXPENSE)
|
Of which deferred tax assets DEFERRED TAX RECOGNIZED IN OTHER COMPREHENSIVE INCOME
|
Of which deferred tax assets EXCHANGE DIFFERENCES AND OTHER
|
Of which deferred tax assetsAUGUST 31, 2025154 |
| Of which deferred tax liabilities | Of which deferred tax liabilitiesAUGUST 31, 2024(149) | Of which deferred tax liabilities DEFERRED TAX BENEFIT/ (EXPENSE)
|
Of which deferred tax liabilities DEFERRED TAX RECOGNIZED IN OTHER COMPREHENSIVE INCOME
|
Of which deferred tax liabilities EXCHANGE DIFFERENCES AND OTHER
|
Of which deferred tax liabilitiesAUGUST 31, 2025(131) |
Movements in deferred taxes were as follows in Fiscal 2024:
| (in millions of euros) | AUGUST 31, 2023 | DEFERRED TAX BENEFIT/(EXPENSE) | DEFERRED TAX RECOGNIZED IN OTHER COMPREHENSIVE INCOME | EXCHANGE DIFFERENCES AND OTHER | AUGUST 31, 2024 |
|---|---|---|---|---|---|
| Employee-related liabilities | Employee- related liabilitiesAUGUST 31, 2023136 |
Employee- related liabilitiesDEFERRED TAX BENEFIT/(EXPENSE) (14) |
Employee- related liabilitiesDEFERRED TAX RECOGNIZED IN OTHER COMPREHENSIVE INCOME 7 |
Employee- related liabilitiesEXCHANGE DIFFERENCES AND OTHER (6) |
Employee- related liabilitiesAUGUST 31, 2024123 |
| Fair value of financial instruments | Fair value of financial instrumentsAUGUST 31, 20233 |
Fair value of financial instrumentsDEFERRED TAX BENEFIT/(EXPENSE) (2) |
Fair value of financial instrumentsDEFERRED TAX RECOGNIZED IN OTHER COMPREHENSIVE INCOME — |
Fair value of financial instrumentsEXCHANGE DIFFERENCES AND OTHER — |
Fair value of financial instrumentsAUGUST 31, 20241 |
| Goodwill | Goodwill AUGUST 31, 2023(144) |
Goodwill DEFERRED TAX BENEFIT/(EXPENSE) 1 |
Goodwill DEFERRED TAX RECOGNIZED IN OTHER COMPREHENSIVE INCOME — |
Goodwill EXCHANGE DIFFERENCES AND OTHER 11 |
Goodwill AUGUST 31, 2024(132) |
| Intangible assets | Intangible assets AUGUST 31, 2023(4) |
Intangible assets DEFERRED TAX BENEFIT/(EXPENSE) 1 |
Intangible assets DEFERRED TAX RECOGNIZED IN OTHER COMPREHENSIVE INCOME — |
Intangible assets EXCHANGE DIFFERENCES AND OTHER (1) |
Intangible assets AUGUST 31, 2024(4) |
| Other temporary differences | Other temporary differences AUGUST 31, 2023(36) |
Other temporary differences DEFERRED TAX BENEFIT/(EXPENSE) 12 |
Other temporary differences DEFERRED TAX RECOGNIZED IN OTHER COMPREHENSIVE INCOME (7) |
Other temporary differences EXCHANGE DIFFERENCES AND OTHER 1 |
Other temporary differences AUGUST 31, 2024(30) |
| Tax loss carry-forwards | Tax loss carry-forwards AUGUST 31, 202385 |
Tax loss carry-forwards DEFERRED TAX BENEFIT/(EXPENSE) 12 |
Tax loss carry-forwards DEFERRED TAX RECOGNIZED IN OTHER COMPREHENSIVE INCOME — |
Tax loss carry-forwards EXCHANGE DIFFERENCES AND OTHER (5) |
Tax loss carry-forwards AUGUST 31, 202492 |
| TOTAL NET DEFERRED TAX ASSETS/ (LIABILITIES) | TOTAL NET DEFERRED TAX ASSETS/ (LIABILITIES)AUGUST 31, 202340 | TOTAL NET DEFERRED TAX ASSETS/ (LIABILITIES) DEFERRED TAX BENEFIT/(EXPENSE) 10 |
TOTAL NET DEFERRED TAX ASSETS/ (LIABILITIES) DEFERRED TAX RECOGNIZED IN OTHER COMPREHENSIVE INCOME — |
TOTAL NET DEFERRED TAX ASSETS/ (LIABILITIES) EXCHANGE DIFFERENCES AND OTHER — |
TOTAL NET DEFERRED TAX ASSETS/ (LIABILITIES)AUGUST 31, 202450 |
| Of which deferred tax assets | Of which deferred tax assetsAUGUST 31, 2023192 | Of which deferred tax assets DEFERRED TAX BENEFIT/(EXPENSE)
|
Of which deferred tax assets DEFERRED TAX RECOGNIZED IN OTHER COMPREHENSIVE INCOME
|
Of which deferred tax assets EXCHANGE DIFFERENCES AND OTHER
|
Of which deferred tax assetsAUGUST 31, 2024199 |
| Of which deferred tax liabilities | Of which deferred tax liabilitiesAUGUST 31, 2023(152) | Of which deferred tax liabilities DEFERRED TAX BENEFIT/(EXPENSE)
|
Of which deferred tax liabilities DEFERRED TAX RECOGNIZED IN OTHER COMPREHENSIVE INCOME
|
Of which deferred tax liabilities EXCHANGE DIFFERENCES AND OTHER
|
Of which deferred tax liabilitiesAUGUST 31, 2024(149) |
