During Fiscal 2025, Sodexo S.A. purchased 1,157,000 of its own shares for 83 million euros, to be used for restricted share plans.
On April 27, 2025, Sodexo S.A. repaid the 700 million euro bond granted on April 27, 2020, which was due to mature.
During Fiscal 2025, sales of equity investments generated total capital gains of 13 million euros. None of these sales are material when taken individually.
The individual Company financial statements have been prepared in accordance with the 2014 Plan comptable général and regulation no. 2014-03 issued by the Autorité des normes comptables (ANC) , as amended by regulation no. 2016-07 dated November 4, 2016.
The accounting policies applied in preparing the individual Company financial statements for Fiscal 2025 are the same as those applied for Fiscal 2024.
In accordance with regulation no. 2015-06 issued by the ANC, merger deficits are included in “Other financial assets” (see note 7, “Non-current assets”).
ANC regulation no. 2015-05 concerning forward financial instruments and hedging transactions has been effective for Sodexo S.A. since September 1, 2017 (see note 2.5 below for further details).
General accounting conventions were applied with respect to the principle of prudence and in accordance with the following basic assumptions:
The basic method used to measure the items recognized in the accounts is the historical cost method. Only material information is disclosed.
The amounts presented in the tables in these notes are in millions of euros.
Exceptional items comprise items that do not relate to the Company’s ordinary activities, and certain items that do relate to the Company’s ordinary activities but are of an exceptional nature.
The balance sheet and income statement of Sodexo S.A. include amounts for branches in metropolitan France and in French overseas departments, regions and collectivities.
Non-current assets are valued at acquisition cost or historical cost. Acquisition cost comprises the amount paid plus all incidental costs directly related to the acquisition or to the installation of the asset, and incurred to enable the asset to function as intended.
Depreciation is calculated over the useful life of the asset using the straight-line method, which is considered to best reflect the underlying economic reality.
Software is amortized over three to five years and integrated management software packages are amortized over three to seven years, depending on their expected useful lives.
The difference between the accounting and tax amortization of intangible assets is recognized as exceptional amortization.
The useful lives generally used for straight-line depreciation are:
| Buildings | 20 years |
|---|---|
| General fixtures and fittings | 3-10 years |
| Plant and machinery | 4-10 years |
| Vehicles | 4 years |
| Office and computer equipment | 3-10 years |
| Other property, plant and equipment | 5-10 years |
