Universal Registration Document 2025

3.3 Related-party transactions

3 Corporate governance

3.3 Related-party transactions

3.3 RELATED-PARTY TRANSACTIONS

The following explanations summarize all transactions since 2023 between Publicis Groupe and related parties.

3.3.1 Terms and conditions of financial transactions carried out with related parties

None.

3.3.2 Related-party transactions

During the 2025 financial year, related-party transactions that had an impact on the revenue and expenses of the Publicis Groupe, as well as the associated balance sheet positions, were as follows:

Related-party transactions
  December 31, 2025 December 31, 2024 December 31, 2023
  Revenue Expenses Revenue Expenses Revenue Expenses
Viva Tech (1) 13 - 15 - 15 -
Unlimitail (2) 5 2 3 4 - -
Burrell Communications Group (3) - - - - - 1
SCB Tech X (4) - - 2 - 7 -
Weborama (6) - - - 4 - 5
Total 18 2 20 8 22 6

In 2025, a non-current income of euro 2 million was recognized corresponding to the capital gain realized on the disposal of MSL France, which held a stake in Viva Tech.

Related-party transactions
  December 31, 2025 December 31, 2024 December 31, 2023
  Receivables/loans Liabilities Receivables/loans Liabilities Receivables/loans Liabilities
OnPoint Consulting Inc (7) 6 - 5 - 4 -
Viva Tech (1) - - - 5 1 4
Unlimitail (2) 2 1 1 2 - -
ZAG Ltd (8) 6 - 4 - 3 -
Core 1 WML Ltd (9) - - 1 1 - 1
SCB Tech X (4) - - - - 3 -
Dragonfly (10) 1 - 4 - 4 -
PS Hummingbird Ltd (5) 7 - 4 - 4 -
Autres - - 1 - - 1
Total 22 1 20 8 19 6