Universal Registration Document 2025

7.3 Notes to the financial statements of Publicis Groupe SA, parent company

Note 22 List of subsidiaries and long-term equity investments at December 31, 2025

List of subsidiaries and long-term equity investments at December 31, 2025
(in thousands of euros)	Shareholders’ equity	% Interest	Gross book value	Net book value	Loans and receivables	Revenue⁽¹⁾	Net income⁽²⁾	Dividends received during the financial year
A – Information regarding subsidiaries (more than 50% owned by the Company)
Publicis Groupe Holdings B.V. Wilgenweg 12A, 1031 HV Amsterdam, The Netherlands	Publicis Groupe Holdings B.V. Wilgenweg 12A, 1031 HV Amsterdam, The Netherlands Shareholders’ equity 12,142,974	Publicis Groupe Holdings B.V. Wilgenweg 12A, 1031 HV Amsterdam, The Netherlands % Interest 100.00	Publicis Groupe Holdings B.V. Wilgenweg 12A, 1031 HV Amsterdam, The Netherlands Gross book value 5,344,146	Publicis Groupe Holdings B.V. Wilgenweg 12A, 1031 HV Amsterdam, The Netherlands Net book value 5,344,146	Publicis Groupe Holdings B.V. Wilgenweg 12A, 1031 HV Amsterdam, The Netherlands Loans and receivables –	Publicis Groupe Holdings B.V. Wilgenweg 12A, 1031 HV Amsterdam, The Netherlands Revenue ⁽¹⁾ 856,944	Publicis Groupe Holdings B.V. Wilgenweg 12A, 1031 HV Amsterdam, The Netherlands Net income ⁽²⁾ 927,763	Publicis Groupe Holdings B.V. Wilgenweg 12A, 1031 HV Amsterdam, The Netherlands Dividends received during the financial year 1,100,000
MMS France Holdings 133, avenue des Champs-Elysées, 75008 Paris, France, SIREN 444 714 786	MMS France Holdings 133, avenue des Champs-Elysées, 75008 Paris, France, SIREN 444 714 786 Shareholders’ equity 22,374	MMS France Holdings 133, avenue des Champs-Elysées, 75008 Paris, France, SIREN 444 714 786 % Interest 100.00	MMS France Holdings 133, avenue des Champs-Elysées, 75008 Paris, France, SIREN 444 714 786 Gross book value 316,600	MMS France Holdings 133, avenue des Champs-Elysées, 75008 Paris, France, SIREN 444 714 786 Net book value 218,485	MMS France Holdings 133, avenue des Champs-Elysées, 75008 Paris, France, SIREN 444 714 786 Loans and receivables –	MMS France Holdings 133, avenue des Champs-Elysées, 75008 Paris, France, SIREN 444 714 786 Revenue ⁽¹⁾ –	MMS France Holdings 133, avenue des Champs-Elysées, 75008 Paris, France, SIREN 444 714 786 Net income ⁽²⁾ (94,415)	MMS France Holdings 133, avenue des Champs-Elysées, 75008 Paris, France, SIREN 444 714 786 Dividends received during the financial year –
Publicis Ré 133, avenue des Champs-Élysées, 75008 Paris, France, SIREN 914 281 357	Publicis Ré 133, avenue des Champs-Élysées, 75008 Paris, France, SIREN 914 281 357 Shareholders’ equity 20,498	Publicis Ré 133, avenue des Champs-Élysées, 75008 Paris, France, SIREN 914 281 357 % Interest 100.00	Publicis Ré 133, avenue des Champs-Élysées, 75008 Paris, France, SIREN 914 281 357 Gross book value 20,000	Publicis Ré 133, avenue des Champs-Élysées, 75008 Paris, France, SIREN 914 281 357 Net book value 20,000	Publicis Ré 133, avenue des Champs-Élysées, 75008 Paris, France, SIREN 914 281 357 Loans and receivables –	Publicis Ré 133, avenue des Champs-Élysées, 75008 Paris, France, SIREN 914 281 357 Revenue ⁽¹⁾ 5,018	Publicis Ré 133, avenue des Champs-Élysées, 75008 Paris, France, SIREN 914 281 357 Net income ⁽²⁾ 387	Publicis Ré 133, avenue des Champs-Élysées, 75008 Paris, France, SIREN 914 281 357 Dividends received during the financial year –
General information regarding other subsidiaries	General information regarding other subsidiaries Shareholders’ equity 1,900	General information regarding other subsidiaries% Interest 100.00	General information regarding other subsidiaries Gross book value 25,223	General information regarding other subsidiaries Net book value 223	General information regarding other subsidiaries Loans and receivables –	General information regarding other subsidiaries Revenue ⁽¹⁾ 77,205	General information regarding other subsidiaries Net income ⁽²⁾ 1,174	General information regarding other subsidiariesDividends received during the financial year 3,093
A – Total subsidiaries	A – Total subsidiaries Shareholders’ equity 12,192,491	A – Total subsidiaries% Interest	A – Total subsidiaries Gross book value 5,705,969	A – Total subsidiaries Net book value 5,582,854	A – Total subsidiaries Loans and receivables –	A – Total subsidiaries Revenue ⁽¹⁾ 939,167	A – Total subsidiaries Net income ⁽²⁾ 839,653	A – Total subsidiariesDividends received during the financial year 1,103,093
B – Information regarding equity interests (between 10% and 50% owned by the Company)
Metrobus 1 rond-point Victor Hugo, 92137 Issy-les-Moulineaux, SIREN 327 096 426	Metrobus 1 rond-point Victor Hugo, 92137 Issy-les-Moulineaux, SIREN 327 096 426 Shareholders’ equity 8,101	Metrobus 1 rond-point Victor Hugo, 92137 Issy-les-Moulineaux, SIREN 327 096 426 % Interest 32.30	Metrobus 1 rond-point Victor Hugo, 92137 Issy-les-Moulineaux, SIREN 327 096 426 Gross book value 17,508	Metrobus 1 rond-point Victor Hugo, 92137 Issy-les-Moulineaux, SIREN 327 096 426 Net book value 17,508	Metrobus 1 rond-point Victor Hugo, 92137 Issy-les-Moulineaux, SIREN 327 096 426 Loans and receivables –	Metrobus 1 rond-point Victor Hugo, 92137 Issy-les-Moulineaux, SIREN 327 096 426 Revenue ⁽¹⁾ 39,357	Metrobus 1 rond-point Victor Hugo, 92137 Issy-les-Moulineaux, SIREN 327 096 426 Net income ⁽²⁾ 13,191	Metrobus 1 rond-point Victor Hugo, 92137 Issy-les-Moulineaux, SIREN 327 096 426 Dividends received during the financial year 2,719
B – Total equity interests	B – Total equity interests Shareholders’ equity 8,101	B – Total equity interests% Interest	B – Total equity interests Gross book value 17,508	B – Total equity interests Net book value 17,508	B – Total equity interests Loans and receivables –	B – Total equity interests Revenue ⁽¹⁾ 39,357	B – Total equity interests Net income ⁽²⁾ 13,191	B – Total equity interestsDividends received during the financial year 2,719
C – Total subsidiaries and equity interests (A + B)	C – Total subsidiaries and equity interests (A + B) Shareholders’ equity 12,200,592	C – Total subsidiaries and equity interests (A + B)% Interest	C – Total subsidiaries and equity interests (A + B) Gross book value 5,723,477	C – Total subsidiaries and equity interests (A + B) Net book value 5,600,362	C – Total subsidiaries and equity interests (A + B) Loans and receivables –	C – Total subsidiaries and equity interests (A + B) Revenue ⁽¹⁾ –	C – Total subsidiaries and equity interests (A + B) Net income ⁽²⁾ –	C – Total subsidiaries and equity interests (A + B)Dividends received during the financial year 1,105,812