Universal Registration Document 2025

Note 25 Lease contracts

6.6 Notes to the consolidated financial statements

Note 25 Lease contracts

Note 25 Lease contracts

/ Analysis of right-of-use assets by category of underlying assets
Analysis of right-of-use assets by category of underlying assets
(in millions of euros) Real Estate Outdoor contracts Other assets Total
Gross values at December 31, 2023 Gross values at December 31, 2023

Real Estate

1,992
Gross values at December 31, 2023

Outdoor contracts

643
Gross values at December 31, 2023

Other assets

66
Gross values at December 31, 2023

Total

2,701
Addition of assets(1)

Addition of assets

(1)

Real Estate

352

Addition of assets

(1)

Outdoor contracts

46

Addition of assets

(1)

Other assets

14

Addition of assets

(1)

Total

412

Terminations or end of contracts

Terminations or end of contracts

Real Estate

(165)

Terminations or end of contracts

Outdoor contracts

(3)

Terminations or end of contracts

Other assets

(10)

Terminations or end of contracts

Total

(178)

Foreign exchange and others

Foreign exchange and others

Real Estate

84

Foreign exchange and others

Outdoor contracts

-

Foreign exchange and others

Other assets

2

Foreign exchange and others

Total

86

Gross values at December 31, 2024 Gross values at December 31, 2024

Real Estate

2,263
Gross values at December 31, 2024

Outdoor contracts

686
Gross values at December 31, 2024

Other assets

72
Gross values at December 31, 2024

Total

3,021
Addition of assets(1)

Addition of assets

(1)

Real Estate

191

Addition of assets

(1)

Outdoor contracts

29

Addition of assets

(1)

Other assets

28

Addition of assets

(1)

Total

248

Terminations or end of contracts

Terminations or end of contracts

Real Estate

(213)

Terminations or end of contracts

Outdoor contracts

(3)

Terminations or end of contracts

Other assets

(16)

Terminations or end of contracts

Total

(232)

Foreign exchange and others

Foreign exchange and others

Real Estate

(155)

Foreign exchange and others

Outdoor contracts

-

Foreign exchange and others

Other assets

(7)

Foreign exchange and others

Total

(162)

Gross values at December 31, 2025

Gross values at

December 31, 2025

Real Estate

2,086

Gross values at

December 31, 2025

Outdoor contracts

712

Gross values at

December 31, 2025

Other assets

77

Gross values at

December 31, 2025

Total

2,875

Accumulated depreciation at December 31, 2023 Accumulated depreciation at December 31, 2023

Real Estate

(878)
Accumulated depreciation at December 31, 2023

Outdoor contracts

(187)
Accumulated depreciation at December 31, 2023

Other assets

(22)
Accumulated depreciation at December 31, 2023

Total

(1,087)
Depreciation

Depreciation

Real Estate

(179)

Depreciation

Outdoor contracts

(104)

Depreciation

Other assets

(26)

Depreciation

Total

(309)

Impairment losses (2)

Impairment losses

(2)

Real Estate

(42)

Impairment losses

(2)

Outdoor contracts

-

Impairment losses

(2)

Other assets

-

Impairment losses

(2)

Total

(42)

Terminations or end of contracts

Terminations or end of contracts

Real Estate

165

Terminations or end of contracts

Outdoor contracts

3

Terminations or end of contracts

Other assets

10

Terminations or end of contracts

Total

178

Foreign exchange and others

Foreign exchange and others

Real Estate

(32)

Foreign exchange and others

Outdoor contracts

-

Foreign exchange and others

Other assets

6

Foreign exchange and others

Total

(26)

Accumulated depreciation at December 31, 2024 Accumulated depreciation at December 31, 2024

Real Estate

(966)
Accumulated depreciation at December 31, 2024

Outdoor contracts

(288)
Accumulated depreciation at December 31, 2024

Other assets

(32)
Accumulated depreciation at December 31, 2024

Total

(1,286)
Depreciation

Depreciation

Real Estate

(193)

Depreciation

Outdoor contracts

(111)

Depreciation

Other assets

(16)

Depreciation

Total

(320)

Impairment losses (2)

Impairment losses

(2)

Real Estate

(24)

Impairment losses

(2)

Outdoor contracts

-

Impairment losses

(2)

Other assets

-

Impairment losses

(2)

Total

(24)

Terminations or end of contracts

Terminations or end of contracts

Real Estate

213

Terminations or end of contracts

Outdoor contracts

3

Terminations or end of contracts

Other assets

16

Terminations or end of contracts

Total

232

Foreign exchange and others

Foreign exchange and others

Real Estate

66

Foreign exchange and others

Outdoor contracts

1

Foreign exchange and others

Other assets

(2)

Foreign exchange and others

Total

65

Accumulated depreciation at December 31, 2025 Accumulated depreciation at December 31, 2025

Real Estate

(904)
Accumulated depreciation at December 31, 2025

Outdoor contracts

(395)
Accumulated depreciation at December 31, 2025

Other assets

(34)
Accumulated depreciation at December 31, 2025

Total

(1,333)
Net value at December 31, 2025

Net value at

December 31, 2025

Real Estate

1,182

Net value at

December 31, 2025

Outdoor contracts

317

Net value at

December 31, 2025

Other assets

43

Net value at

December 31, 2025

Total

1,542