| (in millions of euros) | NOTES | FISCAL 025 | FISCAL 2024 |
|---|---|---|---|
| Revenues | Revenues NOTES 3 |
Revenues FISCAL 025 255 |
Revenues FISCAL 2024 242 |
| Other operating income | Other operating income NOTES
|
Other operating income FISCAL 025 336 |
Other operating income FISCAL 2024 363 |
| Operating income | Operating income NOTES |
Operating income FISCAL 025 591 |
Operating income FISCAL 2024 605 |
| Purchases | Purchases NOTES
|
Purchases FISCAL 025 (5) |
Purchases FISCAL 2024 (2) |
| Employee costs | Employee costs NOTES
|
Employee costs FISCAL 025 (96) |
Employee costs FISCAL 2024 (100) |
| Other operating expenses | Other operating expenses NOTES
|
Other operating expenses FISCAL 025 (330) |
Other operating expenses FISCAL 2024 (339) |
| Taxes other than income taxes | Taxes other than income taxes NOTES
|
Taxes other than income taxes FISCAL 025 (11) |
Taxes other than income taxes FISCAL 2024 (13) |
| Depreciation, amortization and provision expense | Depreciation, amortization and provision expense NOTES
|
Depreciation, amortization and provision expense FISCAL 025 (24) |
Depreciation, amortization and provision expense FISCAL 2024 (27) |
| Operating expenses | Operating expenses NOTES |
Operating expenses FISCAL 025 (466) |
Operating expenses FISCAL 2024 (481) |
| Operating profit | Operating profit NOTES |
Operating profit FISCAL 025 125 |
Operating profit FISCAL 2024 124 |
| Financial income/(expense), net | Financial income/(expense), net NOTES 4 |
Financial income/(expense), net FISCAL 025 560 |
Financial income/(expense), net FISCAL 2024 690 |
| Profit before taxes, exceptional items and employee profit sharing | Profit before taxes, exceptional items and employee profit sharing NOTES |
Profit before taxes, exceptional items and employee profit sharing FISCAL 025 685 |
Profit before taxes, exceptional items and employee profit sharing FISCAL 2024 814 |
| Exceptional income/(expense), net | Exceptional income/(expense), net NOTES 5 |
Exceptional income/(expense), net FISCAL 025 200 |
Exceptional income/(expense), net FISCAL 2024 740 |
| Employee profit-sharing | Employee profit-sharing NOTES
|
Employee profit-sharing FISCAL 025 (3) |
Employee profit-sharing FISCAL 2024 (1) |
| Income taxes | Income taxes NOTES 6 |
Income taxes FISCAL 025 (105) |
Income taxes FISCAL 2024 (8) |
| Net profit | Net profit NOTES |
Net profit FISCAL 025 777 |
Net profit FISCAL 2024 1,545 |
| (in millions of euros) | NOTES | AUGUST 31, 2025 | AUGUST 31, 2024 |
|---|---|---|---|
| Intangible assets | Intangible assets NOTES 7 |
Intangible assets AUGUST 31, 2025 126 |
Intangible assets AUGUST 31, 2024 70 |
| Property, plant and equipment | Property, plant and equipment NOTES 7 |
Property, plant and equipment AUGUST 31, 2025 6 |
Property, plant and equipment AUGUST 31, 2024 6 |
| Financial assets | Financial assets NOTES 7 |
Financial assets AUGUST 31, 2025 6,661 |
Financial assets AUGUST 31, 2024 6,621 |
| TOTAL NON-CURRENT ASSETS | TOTAL NON-CURRENT ASSETS NOTES 7 |
TOTAL NON-CURRENT ASSETS AUGUST 31, 2025 6,793 |
TOTAL NON-CURRENT ASSETS AUGUST 31, 2024 6,697 |
| Accounts receivable | Accounts receivable NOTES 9 |
Accounts receivable AUGUST 31, 2025 44 |
Accounts receivable AUGUST 31, 2024 56 |
| Other receivables and prepaid expenses | Other receivables and prepaid expenses NOTES 9 |
Other receivables and prepaid expenses AUGUST 31, 2025 185 |
Other receivables and prepaid expenses AUGUST 31, 2024 517 |
| Marketable securities | Marketable securities NOTES 11 |
Marketable securities AUGUST 31, 2025 111 |
Marketable securities AUGUST 31, 2024 89 |
| Cash | Cash NOTES
|
Cash AUGUST 31, 2025 8 |
Cash AUGUST 31, 2024 177 |
| TOTAL CURRENT ASSETS | TOTAL CURRENT ASSETS NOTES
|
TOTAL CURRENT ASSETS AUGUST 31, 2025 348 |
TOTAL CURRENT ASSETS AUGUST 31, 2024 839 |
| Reclassification accounts – assets | Reclassification accounts – assets NOTES
|
Reclassification accounts – assets AUGUST 31, 2025 18 |
Reclassification accounts – assets AUGUST 31, 2024 30 |
| TOTAL ASSETS | TOTAL ASSETS NOTES
|
TOTAL ASSETS AUGUST 31, 2025 7,159 |
TOTAL ASSETS AUGUST 31, 2024 7,566 |
| (in millions of euros) | NOTES | AUGUST 31, 2025 | AUGUST 31, 2024 |
|---|---|---|---|
| Share capital | Share capital NOTES
|
Share capital AUGUST 31, 2025 590 |
Share capital AUGUST 31, 2024 590 |
| Additional paid-in capital | Additional paid-in capital NOTES
|
Additional paid-in capital AUGUST 31, 2025 248 |
Additional paid-in capital AUGUST 31, 2024 248 |
| Reserves and retained earnings | Reserves and retained earnings NOTES
|
Reserves and retained earnings AUGUST 31, 2025 2,850 |
Reserves and retained earnings AUGUST 31, 2024 2,462 |
| Tax-driven provisions | Tax-driven provisions NOTES
|
Tax-driven provisions AUGUST 31, 2025 16 |
Tax-driven provisions AUGUST 31, 2024 16 |
| TOTAL SHAREHOLDERS’ EQUITY | TOTAL SHAREHOLDERS’ EQUITY NOTES 13 |
TOTAL SHAREHOLDERS’ EQUITY AUGUST 31, 2025 3,704 |
TOTAL SHAREHOLDERS’ EQUITY AUGUST 31, 2024 3,316 |
| Provisions for contingencies and losses | Provisions for contingencies and losses NOTES 14 |
Provisions for contingencies and losses AUGUST 31, 2025 180 |
Provisions for contingencies and losses AUGUST 31, 2024 474 |
| Borrowings | Borrowings NOTES 15 |
Borrowings AUGUST 31, 2025 2,889 |
Borrowings AUGUST 31, 2024 3,591 |
| Accounts payable | Accounts payable NOTES 15 |
Accounts payable AUGUST 31, 2025 75 |
Accounts payable AUGUST 31, 2024 84 |
| Other liabilities and deferred income | Other liabilities and deferred income NOTES 15 |
Other liabilities and deferred income AUGUST 31, 2025 302 |
Other liabilities and deferred income AUGUST 31, 2024 82 |
| TOTAL LIABILITIES AND PROVISIONS | TOTAL LIABILITIES AND PROVISIONS NOTES
|
TOTAL LIABILITIES AND PROVISIONS AUGUST 31, 2025 3,446 |
TOTAL LIABILITIES AND PROVISIONS AUGUST 31, 2024 4,231 |
| Reclassification accounts – liabilities | Reclassification accounts – liabilities NOTES
|
Reclassification accounts – liabilities AUGUST 31, 2025 9 |
Reclassification accounts – liabilities AUGUST 31, 2024 19 |
| TOTAL EQUITY AND LIABILITIES | TOTAL EQUITY AND LIABILITIES NOTES
|
TOTAL EQUITY AND LIABILITIES AUGUST 31, 2025 7,159 |
TOTAL EQUITY AND LIABILITIES AUGUST 31, 2024 7,566 |
