| € millions | 31.12.2025 | 31.12.2024 | 31.12.2023 |
|---|---|---|---|
| OTHER COMPREHENSIVE INCOME | OTHER COMPREHENSIVE INCOME 31.12.2025
|
OTHER COMPREHENSIVE INCOME 31.12.2024
|
OTHER COMPREHENSIVE INCOME 31.12.2023
|
| Gross reserve | Gross reserve 31.12.2025 8,552.1 |
Gross reserve 31.12.2024 7,482.4 |
Gross reserve 31.12.2023 6,260.5 |
| Associated tax effect | Associated tax effect 31.12.2025 (276.1) |
Associated tax effect 31.12.2024 (205.1) |
Associated tax effect 31.12.2023 (136.8) |
| RESERVE NET OF TAX | RESERVE NET OF TAX 31.12.2025 8,276.0 |
RESERVE NET OF TAX 31.12.2024 7,277.4 |
RESERVE NET OF TAX 31.12.2023 6,123.8 |
Earnings per share are calculated in accordance with the rules set out in IAS 33.
Basic earnings per share are obtained on the basis of the weighted average number of shares outstanding during the year, less the average number of treasury shares held deducted from equity.
Where applicable, diluted earnings per share take into account dilutive stock options and free shares in accordance with the “treasury share method”, under which sums collected on exercise or purchase are assumed to be allocated firstly to share buybacks at market price.
Net profit excluding non-recurring items reconciles as follows with net profit attributable to owners of the Company:
| € millions | 2025 | 2024 | 2023 |
|---|---|---|---|
| Net profit from attributable to owners of the Company | Net profit from attributable to owners of the Company 2025 6,127.2 |
Net profit from attributable to owners of the Company 2024 6,408.7 |
Net profit from attributable to owners of the Company 2023 6,184.0 |
| Capital gains and losses on property, plant and equipment and intangible assets | Capital gains and losses on property, plant and equipment and intangible assets 2025 37.7 |
Capital gains and losses on property, plant and equipment and intangible assets 2024 15.2 |
Capital gains and losses on property, plant and equipment and intangible assets 2023 6.7 |
| Impairment of property, plant and equipment and intangible assets | Impairment of property, plant and equipment and intangible assets 2025 — |
Impairment of property, plant and equipment and intangible assets 2024 50.8 |
Impairment of property, plant and equipment and intangible assets 2023 270.6 |
| Restructuring costs | Restructuring costs 2025 208.5 |
Restructuring costs 2024 237.1 |
Restructuring costs 2023 88.5 |
| Other | Other 2025 259.1 |
Other 2024 134.6 |
Other 2023 84.1 |
| Tax effect on non-recurring items | Tax effect on non-recurring items 2025 (97.4) |
Tax effect on non-recurring items 2024 (91.6) |
Tax effect on non-recurring items 2023 (100.7) |
| Exceptional tax contribution France | Exceptional tax contribution France 2025 252.7 |
Exceptional tax contribution France 2024 — |
Exceptional tax contribution France 2023 — |
| Non-controlling interests on non-recurring items | Non-controlling interests on non-recurring items 2025 (1.8) |
Non-controlling interests on non-recurring items 2024 0.1 |
Non-controlling interests on non-recurring items 2023 (0.2) |
| Tax effect on acquisitions and internal restructuring | Tax effect on acquisitions and internal restructuring 2025 20.4 |
Tax effect on acquisitions and internal restructuring 2024 31.4 |
Tax effect on acquisitions and internal restructuring 2023 (46.5) |
| NET PROFIT ATTRIBUTABLE TO OWNERS OF THE COMPANY EXCLUDING NON-RECURRING ITEMS | NET PROFIT ATTRIBUTABLE TO OWNERS OF THE COMPANY EXCLUDING NON-RECURRING ITEMS 2025 6,806.4 |
NET PROFIT ATTRIBUTABLE TO OWNERS OF THE COMPANY EXCLUDING NON-RECURRING ITEMS 2024 6,786.3 |
NET PROFIT ATTRIBUTABLE TO OWNERS OF THE COMPANY EXCLUDING NON-RECURRING ITEMS 2023 6,486.6 |
The tables below set out earnings per share attributable to owners of the Company:
| 2025 |
Net profit – attributable to owners of the company (€ millions) |
Number of shares | Earnings per share attributable to owners of the Company(€) |
|---|---|---|---|
| Earnings per share | Earnings per share Net profit – attributable to owners of the company (€ millions) 6,127.2 |
Earnings per share Number of shares 533,716,166 |
Earnings per share Earnings per share attributable to owners of the Company (€)11.48 |
| Free shares | Free shares Net profit – attributable to owners of the company (€ millions)
|
Free shares Number of shares 1,650,468 |
Free shares Earnings per share attributable to owners of the Company (€)
|
| DILUTED EARNINGS PER SHARE | DILUTED EARNINGS PER SHARE Net profit – attributable to owners of the company (€ millions) 6,127.2 |
DILUTED EARNINGS PER SHARE Number of shares 535,366,634 |
DILUTED EARNINGS PER SHARE Earnings per share attributable to owners of the Company (€)11.44 |
| 2024 |
Net profit – attributable to owners of the Company (€ millions) |
Number of shares | Earnings per share attributable to owners of the Company (€) |
|---|---|---|---|
| Earnings per share | Earnings per share Net profit – attributable to owners of the Company (€ millions) 6,408.7 |
Earnings per share Number of shares 534,482,831 |
Earnings per share Earnings per share attributable to owners of the Company (€)11.99 |
| Free shares | Free shares Net profit – attributable to owners of the Company (€ millions)
|
Free shares Number of shares 1,595,600 |
Free shares Earnings per share attributable to owners of the Company (€)
|
| DILUTED EARNINGS PER SHARE | DILUTED EARNINGS PER SHARE Net profit – attributable to owners of the Company (€ millions) 6,408.7 |
DILUTED EARNINGS PER SHARE Number of shares 536,078,431 |
DILUTED EARNINGS PER SHARE Earnings per share attributable to owners of the Company (€)11.95 |
