2025 Universal Registration Document

5. 2025 Consolidated Financial Statements

Earnings per share attributable to owners of the Company
2023

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)

6,184.0

Earnings per share

Number of shares

535,428,641

Earnings per share

Earnings per share attributable to owners of the Company

(€)

11.55

Free shares

Free shares

Net profit – attributable to owners of the Company (€ millions)

 

Free shares

Number of shares

1,592,398

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)

6,184.0

DILUTED EARNINGS PER SHARE

Number of shares

537,021,039

DILUTED EARNINGS PER SHARE

Earnings per share attributable to owners of the Company

(€)

11.52

11.4.3 Earnings per share excluding non-recurring items

The tables below set out in detail earnings per share excluding non-recurring items:

Earnings per share excluding non-recurring items
2025 Net profit attributable to owners of the Company excluding non-recurring items (€ millions) Number of shares

Earnings per share attributable to owners of the Company excluding non-recurring items (€)

Earnings per share excluding non-recurring items

Earnings per share excluding non-recurring items

Net profit attributable to owners of the Company excluding non-recurring items

(€ millions)

6,806.4

Earnings per share excluding non-recurring items

Number of shares

533,716,166

Earnings per share excluding non-recurring items

Earnings per share attributable to owners of the Company excluding non-recurring items (€)

12.75

Free shares

Free shares

Net profit attributable to owners of the Company excluding non-recurring items

(€ millions)

 

Free shares

Number of shares

1,650,468

Free shares

Earnings per share attributable to owners of the Company excluding non-recurring items (€)

 

DILUTED EARNINGS PER SHARE EXCLUDING NON-RECURRING ITEMS

DILUTED EARNINGS PER SHARE EXCLUDING NON-RECURRING ITEMS

Net profit attributable to owners of the Company excluding non-recurring items

(€ millions)

6,806.4

DILUTED EARNINGS PER SHARE EXCLUDING NON-RECURRING ITEMS

Number of shares

535,366,634

DILUTED EARNINGS PER SHARE EXCLUDING NON-RECURRING ITEMS

Earnings per share attributable to owners of the Company excluding non-recurring items (€)

12.71

Earnings per share excluding non-recurring items
2024 Net profit attributable to owners of the Company excluding non-recurring items (€ millions) Number of shares

Earnings per share attributable to owners of the Company excluding non-recurring items (€)

Earnings per share excluding non-recurring items

Earnings per share excluding non-recurring items

Net profit attributable to owners of the Company excluding non-recurring items

(€ millions)

6,786.3

Earnings per share excluding non-recurring items

Number of shares

534,482,831

Earnings per share excluding non-recurring items

Earnings per share attributable to owners of the Company excluding non-recurring items (€)

12.70

Free shares

Free shares

Net profit attributable to owners of the Company excluding non-recurring items

(€ millions)

 

Free shares

Number of shares

1,595,600

Free shares

Earnings per share attributable to owners of the Company excluding non-recurring items (€)

 

DILUTED EARNINGS PER SHARE EXCLUDING NON RECURRING ITEMS

DILUTED EARNINGS PER SHARE EXCLUDING NON RECURRING ITEMS

Net profit attributable to owners of the Company excluding non-recurring items

(€ millions)

6,786.3

DILUTED EARNINGS PER SHARE EXCLUDING NON RECURRING ITEMS

Number of shares

536,078,431

DILUTED EARNINGS PER SHARE EXCLUDING NON RECURRING ITEMS

Earnings per share attributable to owners of the Company excluding non-recurring items (€)

12.66

Earnings per share excluding non-recurring items
2023 Net profit attributable to owners of the Company excluding non-recurring items (€ millions) Number of shares

Earnings per share attributable to owners of the Company excluding non-recurring items (€)

Earnings per share excluding non-recurring items

Earnings per share excluding non-recurring items

Net profit attributable to owners of the Company excluding non-recurring items

(€ millions)

6,486.6

Earnings per share excluding non-recurring items

Number of shares

535,428,641

Earnings per share excluding non-recurring items

Earnings per share attributable to owners of the Company excluding non-recurring items (€)

12.11

Free shares

Free shares

Net profit attributable to owners of the Company excluding non-recurring items

(€ millions)

 

Free shares

Number of shares

1,592,398

Free shares

Earnings per share attributable to owners of the Company excluding non-recurring items (€)

 

DILUTED EARNINGS PER SHARE EXCLUDING NON‑RECURRING ITEMS

DILUTED EARNINGS PER SHARE EXCLUDING NON‑RECURRING ITEMS

Net profit attributable to owners of the Company excluding non-recurring items

(€ millions)

6,486.6

DILUTED EARNINGS PER SHARE EXCLUDING NON‑RECURRING ITEMS

Number of shares

537,021,039

DILUTED EARNINGS PER SHARE EXCLUDING NON‑RECURRING ITEMS

Earnings per share attributable to owners of the Company excluding non-recurring items (€)

12.08

11.4.4 Calculation of the number of shares

All potential ordinary shares are included in the calculation of earnings per share since all stock option plans have a dilutive impact on the periods presented.

At 31 December 2025, 233,466,873 shares had been held in registered form for two years making them eligible for the 10% preferential dividend.

Note 12 Provisions for liabilities and charges – Contingent liabilities and material ongoing disputes

12.1 Provisions for liabilities and charges
Accounting principles

Provisions for liabilities and charges are set up to cover probable outflows for the benefit of third parties without any equivalent consideration being received by the Group in

return. They mainly relate to disputes, restructuring costs, industrial, environmental and commercial risks relating to operations such as breach of contract, product returns, and employee-related risks.

These provisions are estimated on the basis of the most likely assumptions or by using statistical methods, depending on the nature of the risks.

Provisions for liabilities and charges are recorded either as Non-current liabilities or as Current liabilities, depending on their type. Provisions for liabilities or disputes which must be settled within 12 months of the closing date, and those linked to the normal operating cycle (such as product returns), are recorded as Current liabilities. Other provisions for liabilities and charges are recorded as Non-current liabilities.