At its meeting on 12 February 2026, the Board of Directors found that 100% of the performance conditions were achieved during the three years taken into consideration by the ACAs plan of 13 October 2022, namely 2023, 2024 and 2025. Accordingly, the beneficiaries who fulfil the conditions of the plan on 13 October 2026 and, in particular, that relating to the condition of presence in the Company, will receive 100% of the shares that were granted to them. For the record, 20,000 shares were granted to Nicolas Hieronimus, Chief Executive Officer, under the 13 October 2022 Plan. After application of the plan terms, 20,000 shares will fully vest to Nicolas Hieronimus.
| ACAs plan of 13 October 2022 | 2023 | 2024 | 2025 | Arithmetic average of performances for financial years 2023, 2024 and 2025 |
|---|---|---|---|---|
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80% based on financial performance criteria, split evenly between: |
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40% growth in comparable sales compared to a panel of competitors* |
40% growth in comparable sales compared to a panel of competitors* 2023 +5.8 points(+11.0%/+5.2%) |
40% growth in comparable sales compared to a panel of competitors* 2024 +2 points(+5.1%/+3.1%) |
40% growth in comparable sales compared to a panel of competitors* 2025 +3 points(+4%/+1%) |
40% growth in comparable sales compared to a panel of competitors* Arithmetic average of performances for financial years 2023, 2024 and 2025 +3.6 points |
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40% growth in the Group’s operating profit** |
40% growth in the Group’s operating profit** 2023 +9.20%(7,456.9/8,143.3) |
40% growth in the Group’s operating profit** 2024 +6.68%(8,143.3/8,687.5) |
40% growth in the Group’s operating profit** 2025 +5.4%(8,438.8/8,891.9) |
40% growth in the Group’s operating profit** Arithmetic average of performances for financial years 2023, 2024 and 2025 +7.09% |
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20% based on non-financial performance criteria, of which: |
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15% based on the fulfilment of environmental and social responsibility commitments made by the Group as part of the L’Oréal for the Future programme |
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% of sites achieving 100% renewable energy (formerly referred to as "carbon neutral"(1)) |
% of sites achieving 100% renewable energy (formerly referred to as "carbon neutral"(1)) 2023 77% |
% of sites achieving 100% renewable energy (formerly referred to as "carbon neutral"(1)) 2024 96% |
% of sites achieving 100% renewable energy (formerly referred to as "carbon neutral"(1)) 2025 96% |
% of sites achieving 100% renewable energy (formerly referred to as "carbon neutral"(1)) Arithmetic average of performances for financial years 2023, 2024 and 2025 ≥65% achieved |
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% of our formula ingredients that are biobased, traceable and come from sustainable sources |
% of our formula ingredients that are biobased, traceable and come from sustainable sources 2023 93% |
% of our formula ingredients that are biobased, traceable and come from sustainable sources 2024 92% |
% of our formula ingredients that are biobased, traceable and come from sustainable sources 2025 93% |
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% of plastic packaging that comes from either recycled or biobased sources(2) |
% of plastic packaging that comes from either recycled or biobased sources(2) 2023 32% |
% of plastic packaging that comes from either recycled or biobased sources(2) 2024 37% |
% of plastic packaging that comes from either recycled or biobased sources(2) 2025 50% |
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number of people benefitting from the Group’s brands’ social commitment programmes in relation to the target of 3 million by 2030(3) |
number of people benefitting from the Group’s brands’ social commitment programmes in relation to the target of 3 million by 2030(3) 2023 >4 million |
number of people benefitting from the Group’s brands’ social commitment programmes in relation to the target of 3 million by 2030(3) 2024 >4.5 million |
number of people benefitting from the Group’s brands’ social commitment programmes in relation to the target of 3 million by 2030(3) 2025 >5 million |
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5% based on gender balance within strategic positions including the Executive Committee |
5% based on gender balance within strategic positions including the Executive Committee 2023 48% women |
5% based on gender balance within strategic positions including the Executive Committee 2024 49% women |
5% based on gender balance within strategic positions including the Executive Committee 2025 48.5% women |
5% based on gender balance within strategic positions including the Executive Committee Arithmetic average of performances for financial years 2023, 2024 and 2025 Proportion of each gender ≥40% |
