Universal Registration Document Fiscal 2025

Note 13. Shareholders’ Equity Copy

MOVEMENTS IN FISCAL 2025 AND FISCAL 2024

The table below shows movements in restricted shares during the fiscal year:

  FISCAL 2025 FISCAL 2024
Outstanding at the beginning of Fiscal year

Outstanding at the beginning of Fiscal year

FISCAL 2025

2,608,865

Outstanding at the beginning of Fiscal year

FISCAL 2024

2,324,628
Granted during Fiscal year*

Granted during Fiscal year

*

FISCAL 2025

981,835

Granted during Fiscal year

*

FISCAL 2024

1,360,745

Forfeited during Fiscal year

Forfeited during Fiscal year

FISCAL 2025

(260,949)

Forfeited during Fiscal year

FISCAL 2024

(397,427)

Delivered during Fiscal year

Delivered during Fiscal year

FISCAL 2025

(760,553)

Delivered during Fiscal year

FISCAL 2024

(679,081)

Outstanding at the end of Fiscal year

Outstanding at the end of Fiscal year

FISCAL 2025

2,569,198

Outstanding at the end of Fiscal year

FISCAL 2024

2,608,865

NOTE 13. SHAREHOLDERS’ EQUITY

13.1 Share capital

As of August 31, 2025, the Company’s share capital totaled 589,819,548 euros and comprised 147,454,887 shares, including 70,996,381 with double voting rights.

Since Fiscal 2013, all shares held in registered form for at least four years and still held in that form when the dividend becomes payable for the related fiscal year, qualify for a 10% dividend premium, provided that they do not represent over 0.5% of the capital per shareholder.

13.2 Changes in shareholders’ equity
(in millions of euros)  
Shareholders’ equity at end of previous fiscal year

Shareholders’ equity at end of previous fiscal year

 

3,316

Dividends approved by the Annual Shareholders Meeting and paid

Dividends approved by the Annual Shareholders Meeting and paid

 

(393)

Dividends on treasury shares

Dividends on treasury shares

 

4

Net profit for Fiscal year

Net profit for Fiscal year

 

777

Tax-driven provisions

Tax-driven provisions

 

Cancellation of treasury shares leading to a reduction in capital and additional paid-in capital

Cancellation of treasury shares leading to a reduction in capital and additional paid-in capital

 

SHAREHOLDERS’ EQUITY AT END OF FISCAL YEAR SHAREHOLDERS’ EQUITY AT END OF FISCAL YEAR

 

3,704

In compliance with article L.225-210 of the French Commercial Code, in addition to the legal reserve, the Company has other reserves at least equal to the value of treasury shares held.