The ongoing commitments as of the end of the year were as follows:
| DESCRIPTION | INCEPTION DATE | EXPIRATION DATE | NOMINAL AMOUNT | MARKET VALUE AUGUST 31, 2025 |
|---|---|---|---|---|
| Forward currency purchases | Forward currency purchases INCEPTION DATE June 2019 |
Forward currency purchases EXPIRATION DATE June 2028 |
Forward currency purchases NOMINAL AMOUNT £250 million |
Forward currency purchases MARKET VALUE AUGUST 31, 2025 €21 million |
Sodexo S.A. may use derivative financial instruments in order to hedge its exposure to volatility in interest and currency exchange rates.
| INCREASES (in millions of euros) |
|
|---|---|
| Exceptional depreciation and amortization | Exceptional depreciation and amortization
16 |
| DECREASES (in millions of euros) |
|
|---|---|
| Employee profit-sharing | Employee profit-sharing
1 |
| Other non-deductible provisions | Other non-deductible provisions — |
The future tax asset related to this unrealized tax difference is 4 million euros, calculated at a rate of 25.83%.
Sodexo S.A. is required to pay benefits to retiring employees on the terms stipulated in a Company-wide collective agreement. The amount of the commitment has been calculated on the basis of rights vested at the balance sheet date, taking into account assumptions about final salary, discount rates and employee turnover.
This commitment, which is not recognized as a liability in the balance sheet, was estimated at 3 million euros as of August 31, 2025, including the impact of the IFRIC decision of May 2021.
Commitments related to a supplemental pension plan were estimated using the projected unit credit method based on final salary and net of funding for the plan. These commitments, amounting to 1 million euros at August 31, 2025, are not recognized in the financial statements.
No provision has been recorded in the balance sheet in respect of the new retirement plan implemented in Fiscal 2021, with the exception of the insurance premium to be paid. No off-balance sheet commitments are recorded, as the pensions are paid directly by the insurer.
Directors’ compensation paid to Board members for Fiscal 2025 amount to 1.1 million euros (see Chapter 7, note 7.3.2.4 of this Universal Registration Document).
Nil.
