In 2025, the tax charge recognised by L’Oréal included a tax consolidation loss of €137.7 million, due mainly to the impact of the non-recurring levy on subsidiaries included in the tax consolidation group.
In 2024, the tax charge recognised by L’Oréal included a tax consolidation loss of €0.9 million.
Tax credits can be broken down as follows:
| € millions | 31.12.2025 | 31.12.2024 |
|---|---|---|
| Research tax credits |
Research tax credits 31.12.2025 34.2 |
Research tax credits 31.12.2024 33.9 |
| Tax credits on royalties under international tax treaties |
Tax credits on royalties under international tax treaties 31.12.2025 51.5 |
Tax credits on royalties under international tax treaties 31.12.2024 49.9 |
| Tax credits on dividends under international tax treaties |
Tax credits on dividends under international tax treaties 31.12.2025 15.1 |
Tax credits on dividends under international tax treaties 31.12.2024 13.5 |
| Other |
Other 31.12.2025 12.1 |
Other 31.12.2024 20.5 |
| TAX CREDITS |
TAX CREDITS 31.12.2025 112.9 |
TAX CREDITS 31.12.2024 117.8 |
| 31.12.2024 | Changes | 31.12.2025 | ||||
|---|---|---|---|---|---|---|
| € millions | Assets | Liabilities | Assets | Liabilities | Assets | Liabilities |
| TEMPORARY DIFFERENCES | ||||||
| Regulated provisions | 3.5 | 0.7 | 0.8 | 3.6 | ||
| Temporarily non-deductible charges | 146.1 | 4.9 | 15.2 | 135.8 | ||
| Charges deducted (or revenue taxed) for tax purposes but not yet recognised | 6.3 | 5.7 | 0.6 | |||
| Temporarily non-taxable revenue | ||||||
| DEDUCTIBLE ITEMS | ||||||
| Tax losses, deferred items | ||||||
| POTENTIALLY TAXABLE ITEMS | ||||||
| Special reserve for long-term capital gains | 137.0 | 137.0 | ||||
These figures factor in the social contribution of 3.3% which is added to corporate income tax, both at normal and reduced rates.
Expenses booked for Research activities in 2025 totalled €1,374.3 million, compared with €1,356.9 million in 2024. They include personnel costs, outsourced scientific services and patent costs.
