On July 4, 2025, a major budget law was enacted in the United States—the One Big Beautiful Bill Act (OBBBA)— introducing, among other things, tax measures retroactively applicable as of January 1, 2025. This legislation includes the extension of existing tax reductions, adjustments to tax depreciation rules, and targeted changes to certain tax credits.
As of June 30, 2025, the law had not yet been definitively passed by the U.S. Congress nor signed by the President. It was therefore not taken into account in the condensed half-year consolidated financial statements.
Given the implementation arrangements and the options provided by the regulation, the Group is currently analyzing the potential impacts of this law on its activities and tax expenses.
