Financial Results

A FOUNDATION OF STRENGTH AND EFFICIENCY

Income statements

in millions of euros

2024

2025

Consolidated revenue

5,606

5,639

Recurring EBITDA

1,120

1,201

Operating profit

786

812

Net Income, Group Share

610

451

Earnings per share

2.33

1.62

Dividend per Share

1.26

1.35*

-

Balance sheets - Assets

in millions of euros

2024

2025

Goodwill

2,398

2,349

Intangible fixed assets

3,197

3,027

Property, plant and equipment

372

355

Total financial assets

1,740

1,830

Total non-current assets

9,087

8,839

Total current assets

2,815

2,809

Assets held for sale

155

96

Total assets

12,057

11,744

-

Balance sheets - Liabilities and Shareholders' equity

in millions of euros

2024

2025

Shareholders' equity Group share

5,032

4,285

Shareholders' equity

5,469

4,717

Total non-current liabilities

3,770

4,254

Total current liabilities

2,746

2,744

Liabilities related to assets held for sale

73

29

Total liabilities and shareholders' equity

12,057

11,744

-

Cash flow statements

in millions of euros

2024

2025

Net cash from operating activities

733

810

Investments

(464)

(430)

Proceeds from the disposals of assets

88

88

Net cash used in investments/divestments

(358)

(331)

Net cash from financing activities

(400)

(494)

Net change in cash and cash equivalents

(25)

(15)

Complete financial data can be found in the registration document filed with France's securities regulator, the Autorité des Marchés Financiers (AMF).

* subject to shareholders’ approval at the AGM on May 27th, 2026

FY 2025 consolidated revenue amounted to €5.639 million, up 0.6% compared with FY 2024.

in millions of euros

2024

2025

Change (as reported)

Management & Franchise

899

892

(0.8)%

SMDL *

952

934

(1.8)%

Hotel Assets & Other

1,045

1,027

(1.7)%

Premium, Mid. & Eco. **

2,896

2,853

(1.5)%

Management & Franchise

494

536

+8.6%

SMDL *

392

424

+8.1%

Hotel Assets & Other

614

638

+3.9%

Luxury & Lifestyle

1,500

1,598

+6.6%

Reimbursed Costs

1,294

1,270

(1.8)%

Intercos

(84)

(82)

N/A

TOTAL REVENUE

5,606

5,639

+0.6%

* SMDL = Sales, Marketing, Distribution & Loyalty
** Premium, Mid. & Eco. = Premium, Midscale and Economy

Income statements

in millions of euros

2024

2025

Consolidated revenue

5,606

5,639

Recurring EBITDA

1,120

1,201

Operating profit

786

812

Net Income, Group Share

610

451

Earnings per share

2.33

1.62

Dividend per Share

1.26

1.35*

-

Balance sheets - Assets

in millions of euros

2024

2025

Goodwill

2,398

2,349

Intangible fixed assets

3,197

3,027

Property, plant and equipment

372

355

Total financial assets

1,740

1,830

Total non-current assets

9,087

8,839

Total current assets

2,815

2,809

Assets held for sale

155

96

Total assets

12,057

11,744

-

Balance sheets - Liabilities and Shareholders' equity

in millions of euros

2024

2025

Shareholders' equity Group share

5,032

4,285

Shareholders' equity

5,469

4,717

Total non-current liabilities

3,770

4,254

Total current liabilities

2,746

2,744

Liabilities related to assets held for sale

73

29

Total liabilities and shareholders' equity

12,057

11,744

-

Cash flow statements

in millions of euros

2024

2025

Net cash from operating activities

733

810

Investments

(464)

(430)

Proceeds from the disposals of assets

88

88

Net cash used in investments/divestments

(358)

(331)

Net cash from financing activities

(400)

(494)

Net change in cash and cash equivalents

(25)

(15)

Complete financial data can be found in the registration document filed with France's securities regulator, the Autorité des Marchés Financiers (AMF).

* subject to shareholders’ approval at the AGM on May 27th, 2026

FY 2025 consolidated revenue amounted to €5.639 million, up 0.6% compared with FY 2024.

in millions of euros

2024

2025

Change (as reported)

Management & Franchise

899

892

(0.8)%

SMDL *

952

934

(1.8)%

Hotel Assets & Other

1,045

1,027

(1.7)%

Premium, Mid. & Eco. **

2,896

2,853

(1.5)%

Management & Franchise

494

536

+8.6%

SMDL *

392

424

+8.1%

Hotel Assets & Other

614

638

+3.9%

Luxury & Lifestyle

1,500

1,598

+6.6%

Reimbursed Costs

1,294

1,270

(1.8)%

Intercos

(84)

(82)

N/A

TOTAL REVENUE

5,606

5,639

+0.6%

* SMDL = Sales, Marketing, Distribution & Loyalty
** Premium, Mid. & Eco. = Premium, Midscale and Economy

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