Universal Registration Document 2025

Note 11 Earnings per share

6.6 Notes to the consolidated financial statements

Note 11 Earnings per share

Note 11 Earnings per share

/ Earnings per share (EPS) – basic and diluted
Earnings per share (EPS) – basic and diluted
(in millions of euros, except for share data)   2025 2024
Net income used for the calculation of earnings per share Net income used for the calculation of earnings per share

 

 

Net income used for the calculation of earnings per share

2025

 

Net income used for the calculation of earnings per share

2024

 

Net income attributable to holders of the Company Net income attributable to holders of the Company

 

A
Net income attributable to holders of the Company

2025

1,653
Net income attributable to holders of the Company

2024

1,660
Impact of dilutive instruments: Impact of dilutive instruments:

 

 

Impact of dilutive instruments:

2025

 

Impact of dilutive instruments:

2024

 

Savings in financial expenses related to the conversion of debt instruments, net of tax

Savings in financial expenses related to the conversion of debt instruments, net of tax

 

 

Savings in financial expenses related to the conversion of debt instruments, net of tax

2025

-

Savings in financial expenses related to the conversion of debt instruments, net of tax

2024

-
Net income attributable to holders of the Company – diluted Net income attributable to holders of the Company – diluted

 

B
Net income attributable to holders of the Company – diluted

2025

1,653
Net income attributable to holders of the Company – diluted

2024

1,660
Number of shares used to calculate earnings per share Number of shares used to calculate earnings per share

 

 

Number of shares used to calculate earnings per share

2025

 

Number of shares used to calculate earnings per share

2024

 

Number of shares at January 1

Number of shares at January 1

 

 

Number of shares at January 1

2025

254,311,860

Number of shares at January 1

2024

254,311,860

Shares created over the year

Shares created over the year

 

 

Shares created over the year

2025

-

Shares created over the year

2024

-
Treasury shares to be deducted (average for the year)

Treasury shares to be deducted (average for the year)

 

 

Treasury shares to be deducted (average for the year)

2025

(3,176,388)

Treasury shares to be deducted (average for the year)

2024

(3,634,398)

Average number of shares used for the calculation C Average number of shares used for the calculation C

 

C
Average number of shares used for the calculation C

2025

251,135,472
Average number of shares used for the calculation C

2024

250,677,462
Impact of dilutive instruments: Impact of dilutive instruments:

 

 

Impact of dilutive instruments:

2025

 

Impact of dilutive instruments:

2024

 

Dilutive free shares

Dilutive free shares

 

 

Dilutive free shares

2025

2,207,710

Dilutive free shares

2024

2,888,336

Number of diluted shares (in euros) Number of diluted shares (in euros)

 

D
Number of diluted shares (in euros)

2025

253,343,182
Number of diluted shares (in euros)

2024

253,565,798
Earnings per share

Earnings per share

 

A/C

Earnings per share

2025

6.58

Earnings per share

2024

6.62

Diluted earnings per share

Diluted earnings per share

 

B/D

Diluted earnings per share

2025

6.52

Diluted earnings per share

2024

6.55