2025 Universal Registration Document

This item breaks down as follows:

€ millions	2025	2024	2023
Capital gains and losses on disposals of property, plant and equipment and intangible assets⁽¹⁾	Capital gains and losses on disposals of property, plant and equipment and intangible assets ⁽¹⁾ 2025 (37.7)	Capital gains and losses on disposals of property, plant and equipment and intangible assets ⁽¹⁾ 2024 (15.2)	Capital gains and losses on disposals of property, plant and equipment and intangible assets ⁽¹⁾ 2023 (6.7)
Impairment of property, plant and equipment and intangible assets⁽²⁾	Impairment of property, plant and equipment and intangible assets ⁽²⁾ 2025 —	Impairment of property, plant and equipment and intangible assets ⁽²⁾ 2024 (50.8)	Impairment of property, plant and equipment and intangible assets ⁽²⁾ 2023 (270.6)
Restructuring costs⁽³⁾	Restructuring costs ⁽³⁾ 2025 (208.5)	Restructuring costs ⁽³⁾ 2024 (237.1)	Restructuring costs ⁽³⁾ 2023 (88.5)
Other⁽⁴⁾	Other ⁽⁴⁾ 2025 (259.1)	Other ⁽⁴⁾ 2024 (134.6)	Other ⁽⁴⁾ 2023 (84.1)
TOTAL	TOTAL 2025 (505.4)	TOTAL 2024 (437.7)	TOTAL 2023 (449.9)

Including:
- in 2025, the impact of the sale of the brand Carol's Daughter (-€ million);
- in 2024, the impact of the sale of two distribution centres and a factory in Israel (€10.5 million) and the sale of a factory in Turkey (-€26.2 million);
- in 2023, the residual impact of the sale of Logocos in Germany (-€5 million).
Including:
- in 2024, the impairment of intangible assets of the Multicultural Brands Cash Generating Unit (€49.9 million);
- in 2023, the impairment of the goodwill of IT Cosmetics (€250 million) and that of the brand Decléor (€20 million).
Including:
- in 2025, the continuation of strategic reorganization projects of the global Luxe Division (-€63.8 million), the resizing projects of the corporate organizations and the Professional Products division in North America (-€43,7 million), the restructuring and cluster creation projects in Europe and Asia (-€57.9 million) and the reorganization project of various Travel Retail structures (-€11.3 million);
- in 2024, the restructuring of the distribution of the Consumer Products, Professional Products and Operations Divisions in Europe and the United States (€74 million), the strategic reorganization projects of the global Luxe Division (€31.9 million) and the resizing project of the Group's organisations (€80.5 million);
- in 2023, the restructuring of the organisation and distribution of the Consumer Products and Professional Products Divisions in Europe (€39 million), the strategic reorganisation of legal entities in France (€17 million), the recognition following French pension reforms of additional charges on advanced leave provisions from previous restructuring (€7 million) and additional impairment concerning the right to use in Brazil (€9 million).
Including:
- in 2025, costs related to some product disputes (-€179.3 million), the catch-up eﬀect linked to the increase in the employer contribution on free shares in France impacting plans in progress (€31.2 million), corporate philanthropic donations (-€18.7 million), acquisition costs (-€49.5 million) and the impacts of downward revaluation of earn-out debts amounting to (+€21.2 million);
- in 2024, costs related to some products litigations (€99.9 million), corporate philanthropy donations (€28.3 million) and acquisition costs and post-acquisition reorganisations (€20.7 million);
- in 2023, corporate philanthropy donations (€29 million) and acquisition costs (€46 million).

Note 5 Number of employees, personnel costs and employee benefits

5.1 Number of employees

Number of employees
	31.12.2025	31.12.2024	31.12.2023
Europe	Europe 31.12.2025 37,071	Europe 31.12.2024 37,166	Europe 31.12.2023 36,839
North America	North America 31.12.2025 16,048	North America 31.12.2024 15,829	North America 31.12.2023 15,931
North Asia	North Asia 31.12.2025 22,791	North Asia 31.12.2024 23,281	North Asia 31.12.2023 23,783
SAPMENA – SSA	SAPMENA – SSA 31.12.2025 9,382	SAPMENA – SSA 31.12.2024 9,257	SAPMENA – SSA 31.12.2023 9,339
Latin America	Latin America 31.12.2025 9,318	Latin America 31.12.2024 8,864	Latin America 31.12.2023 8,713
TOTAL⁽¹⁾	TOTAL⁽¹⁾ 31.12.2025 94,610	TOTAL⁽¹⁾ 31.12.2024 94,397	TOTAL⁽¹⁾ 31.12.2023 94,605

NUMBER OF EMPLOYEES BY REGION

This diagram presents a stacked horizontal bar chart illustrating the breakdown of employees by region as at 31 December over three consecutive financial years.

31.12.2023:

Europe: 38.9%

North America: 16.8%

North Asia: 25.1%

SAPMENA - SSA: 9.9%

Latin America: 9.2%

31.12.2024:

Europe: 39.4%

North America: 16.8%

North Asia: 24.7%

SAPMENA - SSA: 9.8%

Latin America: 9.4%

31.12.2025:

Europe: 39.2%

North America: 17.0%

North Asia: 24.1%

SAPMENA - SSA: 9.9%

Latin America: 9.8%

2025 Universal Registration Document

5. 2025 Consolidated Financial Statements

Note 5 Number of employees, personnel costs and employee benefits

5.1 Number of employees

NUMBER OF EMPLOYEES BY REGION