Universal Registration Document Fiscal 2025

4 Consolidated Financial Statements

The Annual Shareholders Meeting held on December 17, 2024 fixed the dividend (before premium) for Fiscal 2024 at 2.65 euros to be fully paid up in cash. The dividend was paid on December 23, 2024 for a total amount of 388 million euros.

At its meeting held on October 22, 2025, the Board of Directors decided it would ask shareholders to approve a dividend (before premium) of 2.70 euros per share in respect of Fiscal 2025 at the Annual Shareholders' Meeting to be held on December 16, 2025.

Other comprehensive income

Items recognized directly in other comprehensive income are shown below:

  FISCAL 2025 FISCAL 2024
(in millions of euros) INCREASE/ (DECREASE)
DURING THE
FISCAL YEAR,
PRE-TAX
INCOME TAX (EXPENSE)/ BENEFIT INCREASE/ (DECREASE)
DURING THE
FISCAL YEAR,
NET OF TAX
INCREASE /(DECREASE)
DURING THE
FISCAL YEAR,
PRE-TAX
INCOME TAX (EXPENSE)/ BENEFIT INCREASE/ (DECREASE)
DURING THE
FISCAL YEAR,
NET OF TAX 
Financial assets measured at fair value through other comprehensive income* (1) (1) 186 (6) 180
Share of other items of comprehensive income of companies accounted for using the equity method
Remeasurements of net defined benefit obligation 2 (1) 1 (34) 7 (27)
Exchange differences (230) (230) 412 412
TOTAL OTHER COMPREHENSIVE INCOME/(LOSS) (228) (2) (230) 564 1 565
TOTAL OTHER COMPREHENSIVE INCOME/(LOSS) from continuing operations (228) (2) (230) 38 1 39
TOTAL OTHER COMPREHENSIVE INCOME/(LOSS) from discontinued operations 526 526
11.1.2 Capital management policy

Sodexo takes a long-term view in managing its capital structure, with the objective of ensuring the Group’s liquidity, optimizing its financial structure and allowing shareholders to benefit from its strong cash flow generation.

Contributing to decisions made may be objectives for earnings per share or estimated future cash flows, or for balancing various components of the consolidated statement of financial position in order to meet the net debt criteria defined by Group management and communicated to the marketplace.

11.2 Earnings per share

The table below presents the calculation of basic and diluted earnings per share:

  FISCAL 2025 FISCAL 2024
Net profit attributable to equity holders of the parent (in millions of euros) Net profit attributable to equity holders of the parent (in millions of euros)

FISCAL 2025

695
Net profit attributable to equity holders of the parent (in millions of euros)

FISCAL 2024

168
Net profit from continuing operations – Attributable to equity holders of the parent (in millions of euros)

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

(in millions of euros)

FISCAL 2025

695

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

(in millions of euros)

FISCAL 2024

738

Net profit from discontinued operations – Attributable to equity holders of the parent (in millions of euros)

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

(in millions of euros)

FISCAL 2025

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

(in millions of euros)

FISCAL 2024

(570)

Basic weighted average number of shares

Basic weighted average number of shares

FISCAL 2025

146,014,551

Basic weighted average number of shares

FISCAL 2024

146,451,943

Basic earnings per share (in euros) Basic earnings per share (in euros)

FISCAL 2025

4.76
Basic earnings per share (in euros)

FISCAL 2024

1.15
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)

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)

FISCAL 2025

from discontinued operations – Attributable to equity holders of the parent

(in euros per share)

FISCAL 2024

(3.89)

Average dilutive effect of restricted share plans

Average dilutive effect of restricted share plans

FISCAL 2025

1,613,327

Average dilutive effect of restricted share plans

FISCAL 2024

1,622,069

Diluted weighted average number of shares

Diluted weighted average number of shares

FISCAL 2025

147,627,878

Diluted weighted average number of shares

FISCAL 2024

148,074,012

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

FISCAL 2025

4.71
Diluted earnings per share (in euros)

FISCAL 2024

1.13
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)

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)

FISCAL 2025

from discontinued operations – Attributable to equity holders of the parent

(in euros per share)

FISCAL 2024

(3.85)