Universal Registration Document 2025

Note 28 Commitments

Commitments December 31, 2025
		Maturities
(in millions of euros)	Total	-1 Year	1-5 Years	+5 Years
Commitments given
Guarantees⁽¹⁾	299	91	82	126
Other commitments⁽²⁾	719	227	492	-
Total commitments given	1,018	318	574	126
Commitments received
Undrawn confirmed credit lines	2,000	-	2,000	-
Other commitments	13	13	-	-
Total commitments received	2,013	13	2,000	-

As of December 31, 2025, guarantees include euro 68 million given to tax authorities in Italy as part of the recovery of VAT debts and receivables, undertakings to pay euro 47 million into Venture Capital Funds until 2031, and euro 15 million relating to media-buying operations.
the other commitments for euro 719 million are mostly related to:
- euro 14 million relating to the Climate Fund for Nature (Mirova/Natixis), which will enable the Group to receive carbon credits starting in 2028 and for approximately fifteen years, in order to offset residual, unavoidable carbon emissions. The fund aims to support projects dedicated to the protection and restoration of nature, with benefits for biodiversity and local communities. In 2025, the contributions paid amounted to euro 2 million.
- euro 689 million related to multi-year Software as a Service commitments
- and euro 15 million related to a sponsorship agreement covering the 2025 to 2028 seasons with Manchester City.

Commitments December 31, 2024
		Maturities
(in millions of euros)	Total	-1 Year	1-5 Years	+5 Years
Commitments given
Guarantees⁽¹⁾	293	70	90	133
Other commitments⁽²⁾	16	-	16	-
Total commitments given	309	70	106	133
Commitments received
Undrawn confirmed credit lines	2,000	-	2,000	-
Other commitments	12	11	-	1
Total commitments received	2,012	11	2,000	1

As of December 31, 2024, guarantees included euro 62 million given to tax authorities in Italy as part of the recovery of VAT debts and receivables, undertakings to pay euro 29 million into Venture Capital Funds until 2031, and euro 12 million relating to media-buying operations.
Publicis Groupe has joined the Climate Fund for Nature (Mirova/Natixis), which will allow the Groupe to receive voluntary carbon credits starting in 2028 and for approximately fifteen years, to offset residual, unavoidable carbon emissions. This fund aims to support projects dedicated to the protection and restoration of nature, with associated benefits for biodiversity and communities. Following a payment of euro 4 million in 2024, the remaining commitment was 16 million euros.