Universal Music — Fact Sheet (2026)

1 slide from Universal Music's fact sheet, 2026

Slide 1: 2023 - 2025 Free Cash Flow
2023 - 2025 FREE CASH FLOW 2023 - 2025 FREE CASH FLOW Reconciliation of cash provided by operating activities to Free cash flow 2023 2024 2025 (millions of euros) HY23 FY23 HY24 FY24 HY25 FY25 Net cash provided by/(used for) operating activities before income tax paid 703 2,278 436 2,104 488 2,142 I