Universal Registration Document Fiscal 2025

NOTE 14. PROVISIONS FOR CONTINGENCIES AND LOSSES

(in millions of euros)	AUGUST 31, 2024	INCREASES AND CHARGES DURING THE PERIOD	DECREASES, RELEASES AND RECLASSIFICATIONS DURING THE PERIOD	OTHER MOVEMENTS DURING THE PERIOD	AUGUST 31, 2025
Provisions for losses reclaimable by subsidiaries included in the French tax consolidation group and other contingencies and losses	Provisions for losses reclaimable by subsidiaries included in the French tax consolidation group and other contingencies and losses AUGUST 31, 2024 278	Provisions for losses reclaimable by subsidiaries included in the French tax consolidation group and other contingencies and losses INCREASES AND CHARGES DURING THE PERIOD—	Provisions for losses reclaimable by subsidiaries included in the French tax consolidation group and other contingencies and losses DECREASES, RELEASES AND RECLASSIFICATIONS DURING THE PERIOD 274	Provisions for losses reclaimable by subsidiaries included in the French tax consolidation group and other contingencies and losses OTHER MOVEMENTS DURING THE PERIOD —	Provisions for losses reclaimable by subsidiaries included in the French tax consolidation group and other contingencies and losses AUGUST 31, 2025 4
Provisions for restricted share grants	Provisions for restricted share grants AUGUST 31, 2024 171	Provisions for restricted share grants INCREASES AND CHARGES DURING THE PERIOD 39	Provisions for restricted share grants DECREASES, RELEASES AND RECLASSIFICATIONS DURING THE PERIOD 83	Provisions for restricted share grants OTHER MOVEMENTS DURING THE PERIOD —	Provisions for restricted share grants AUGUST 31, 2025 127
Provisions for subsidiaries in negative net equity positions	Provisions for subsidiaries in negative net equity positions AUGUST 31, 2024 17	Provisions for subsidiaries in negative net equity positions INCREASES AND CHARGES DURING THE PERIOD 27	Provisions for subsidiaries in negative net equity positions DECREASES, RELEASES AND RECLASSIFICATIONS DURING THE PERIOD	Provisions for subsidiaries in negative net equity positions OTHER MOVEMENTS DURING THE PERIOD —	Provisions for subsidiaries in negative net equity positions AUGUST 31, 2025 44
Provisions for foreign exchange losses	Provisions for foreign exchange losses AUGUST 31, 2024 2	Provisions for foreign exchange losses INCREASES AND CHARGES DURING THE PERIOD 2	Provisions for foreign exchange losses DECREASES, RELEASES AND RECLASSIFICATIONS DURING THE PERIOD 2	Provisions for foreign exchange losses OTHER MOVEMENTS DURING THE PERIOD —	Provisions for foreign exchange losses AUGUST 31, 2025 2
Provisions for disputes	Provisions for disputes AUGUST 31, 2024 6	Provisions for disputes INCREASES AND CHARGES DURING THE PERIOD 4	Provisions for disputes DECREASES, RELEASES AND RECLASSIFICATIONS DURING THE PERIOD 7	Provisions for disputes OTHER MOVEMENTS DURING THE PERIOD —	Provisions for disputes AUGUST 31, 2025 3
Total provisions for contingencies and losses	Total provisions for contingencies and lossesAUGUST 31, 2024474	Total provisions for contingencies and losses INCREASES AND CHARGES DURING THE PERIOD72	Total provisions for contingencies and losses DECREASES, RELEASES AND RECLASSIFICATIONS DURING THE PERIOD 366	Total provisions for contingencies and losses OTHER MOVEMENTS DURING THE PERIOD —	Total provisions for contingencies and lossesAUGUST 31, 2025180
Increases and decreases	Increases and decreasesAUGUST 31, 2024	Increases and decreases INCREASES AND CHARGES DURING THE PERIOD	Increases and decreases DECREASES, RELEASES AND RECLASSIFICATIONS DURING THE PERIOD	Increases and decreases OTHER MOVEMENTS DURING THE PERIOD	Increases and decreasesAUGUST 31, 2025
operating items	operating items AUGUST 31, 2024	operating items INCREASES AND CHARGES DURING THE PERIOD 11	operating items DECREASES, RELEASES AND RECLASSIFICATIONS DURING THE PERIOD 17	operating items OTHER MOVEMENTS DURING THE PERIOD	operating items AUGUST 31, 2025
financial items	financial items AUGUST 31, 2024	financial items INCREASES AND CHARGES DURING THE PERIOD 2	financial items DECREASES, RELEASES AND RECLASSIFICATIONS DURING THE PERIOD 2	financial items OTHER MOVEMENTS DURING THE PERIOD	financial items AUGUST 31, 2025
exceptional items	exceptional items AUGUST 31, 2024	exceptional items INCREASES AND CHARGES DURING THE PERIOD 59	exceptional items DECREASES, RELEASES AND RECLASSIFICATIONS DURING THE PERIOD 347	exceptional items OTHER MOVEMENTS DURING THE PERIOD	exceptional items AUGUST 31, 2025

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Provisions for contingencies and losses decreased by 294 million euros.

This change is due to:

the net change in provisions for reclaimable tax losses and other contingencies and losses is mainly due to the revision of the risk of having to compensate subsidiaries leaving the French tax group in respect of tax losses, and to the completion of the tax audit for fiscal years 2016 to 2021;
and, to a lesser extent, the change in the provision relating to restricted shares granted and delivered under new plans during the fiscal year.

NOTE 15. AMOUNT AND MATURITY OF LIABILITIES

(in millions of euros)	GROSS VALUE AUGUST 31, 2025	LESS THAN 1 YEAR	1 TO 5 YEARS	MORE THAN 5 YEARS
Bond issues	Bond issues GROSS VALUE AUGUST 31, 2025 2,889	Bond issues LESS THAN 1 YEAR 509	Bond issues 1 TO 5 YEARS 2,380	Bond issues MORE THAN 5 YEARS
Borrowings from related companies	Borrowings from related companies GROSS VALUE AUGUST 31, 2025 —	Borrowings from related companies LESS THAN 1 YEAR	Borrowings from related companies 1 TO 5 YEARS	Borrowings from related companies MORE THAN 5 YEARS
Other borrowings	Other borrowings GROSS VALUE AUGUST 31, 2025 —	Other borrowings LESS THAN 1 YEAR	Other borrowings 1 TO 5 YEARS	Other borrowings MORE THAN 5 YEARS
SUB-TOTAL BORROWINGS	SUB-TOTAL BORROWINGS GROSS VALUE AUGUST 31, 2025 2,889	SUB-TOTAL BORROWINGS LESS THAN 1 YEAR509	SUB-TOTAL BORROWINGS 1 TO 5 YEARS 2,380	SUB-TOTAL BORROWINGSMORE THAN 5 YEARS —
Accounts payable	Accounts payable GROSS VALUE AUGUST 31, 2025 75	Accounts payable LESS THAN 1 YEAR 75	Accounts payable 1 TO 5 YEARS	Accounts payable MORE THAN 5 YEARS
Other liabilities and prepaid income	Other liabilities and prepaid income GROSS VALUE AUGUST 31, 2025 302	Other liabilities and prepaid income LESS THAN 1 YEAR 252	Other liabilities and prepaid income 1 TO 5 YEARS 50	Other liabilities and prepaid income MORE THAN 5 YEARS
TOTAL	TOTAL GROSS VALUE AUGUST 31, 2025 3,266	TOTAL LESS THAN 1 YEAR836	TOTAL 1 TO 5 YEARS 2,430	TOTALMORE THAN 5 YEARS —

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ACCOUNTS PAYABLE BY AMOUNT AND DUE DATE (in millions of euros)	TOTAL	Not Due	< 30 DAYS	31-44 DAYS	45-75 DAYS	76-90 DAYS	> 90 DAYS
Non-Group accounts payable	Non-Group accounts payable TOTAL 67	Non-Group accounts payable Not Due 47	Non-Group accounts payable < 30 DAYS 16	Non-Group accounts payable 31-44 DAYS —	Non-Group accounts payable 45-75 DAYS 4	Non-Group accounts payable 76-90 DAYS	Non-Group accounts payable > 90 DAYS
Group accounts payable	Group accounts payable TOTAL 8	Group accounts payable Not Due —	Group accounts payable < 30 DAYS 8	Group accounts payable 31-44 DAYS —	Group accounts payable 45-75 DAYS —	Group accounts payable 76-90 DAYS	Group accounts payable > 90 DAYS
TOTAL	TOTAL TOTAL 75	TOTAL Not Due 47	TOTAL < 30 DAYS 24	TOTAL31-44 DAYS —	TOTAL 45-75 DAYS 4	TOTAL 76-90 DAYS —	TOTAL > 90 DAYS —

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NOTE 16. ACCRUED EXPENSES – DEFERRED INCOME AND PREPAID EXPENSES

ACCRUED EXPENSES (in millions of euros)	AUGUST 31, 2025
Borrowings	Borrowings AUGUST 31, 2025 9
Accounts payable	Accounts payable AUGUST 31, 2025 21
Tax and employee-related liabilities	Tax and employee-related liabilities AUGUST 31, 2025 30
TOTAL	TOTAL AUGUST 31, 2025 60

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DEFERRED INCOME AND PREPAID EXPENSES (in millions of euros)	AUGUST 31, 2025
Deferred income	Deferred income AUGUST 31, 2025—
Prepaid expenses	Prepaid expenses AUGUST 31, 2025—

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