The Group is exposed to interest rate risk, foreign exchange risk, liquidity risk and client and bank counterparty risk. The Company has not identified any significant variation in the identified risks compared to December 31, 2024.
To cover liquidity risk, Publicis relies on a solid cash position (cash and cash equivalents) of euro 2,206 million as of June 30, 2025, as well as a confirmed, undrawn, multi-currency syndicated credit line of euro 2,000 million.
This line, set up in July 2024 to replace a previous euro 1,579 million facility maturing in 2026, has been extended until 2030, following the exercise of an extension option. A second one-year extension option remains exercisable. These immediately or almost immediately available sums allow the Group to meet its general funding requirements.
