Vivendi Se · EURONEXT:VIV
Vivendi — FY2025 Earnings Presentation
23 slides from Vivendi's earnings presentation, Mar 12, 2026
Slide 1: Financial results for the year ended December 31, 2025
IMPORTANT NOTICE Financial results for the year ended December 31, 2025 Audited and prepared in compliance with IFRS. Investors are strongly advised to read the important disclaimers at the end of this presentation.
Slide 2: Contents
CONTENTS 01 02 03 04 05 06 FY 2025 KEY HIGHLIGHTS FY 2025 FINANCIAL PERFORMANCE PORTFOLIO OF ASSETS STATEMENTS OF EARNINGS CONCLUSION APPENDICES FY 2025 results vivendi [2
Slide 3: FY 2025 Key Highlights
01 FY 2025 KEY HIGHLIGHTS ARNAUD DE PUYFONTAINE Chairman of the Management Board | Chief Executive Officer
Slide 4: FY 2025 Key highlights: A year of transition
01. FY 2025 Key highlights 2025: A YEAR OF TRANSITION = 2025 marks Vivendi's first fiscal year in its new structure following the spin-off in December 2024. = The Group has refocused its business portfolio on content, media, and entertainment following the divestment of its telecom assets in Italy a
Slide 5: FY 2025 Financial Performance
02 FY 2025 FINANCIAL PERFORMANCE FRANCOIS LAROZE Member of the Management Board | Chief Financial Officer
Slide 6: FY2025 Key Figures
02. FY 2025 financial Performance FY2025 KEY FIGURES In€m—As of Dec. 31 FY 2025 FY 2024 Revenues 307 297 EBITA 45 (1) Net income, group share 20 (6,004) Portfolio of listed financial assets 5,532 6,887 Of which disposals of shares, net of purchases (1,053) - Of which changes in value (302) - Loan to
Slide 7: Portfolio of Assets
03 PORTFOLIO OF ASSETS
Slide 8: Strategic investments overview
9.91 % 15.92 % (2) 11.19 % 13.38 % (4) 19.17 % (3) • Strategic investment to • Investment in the • Investment in the world • Investment in the media • Investment in one of the remain associated with European leader in free- leader in the production and education leader in global leaders in the the l
Slide 9: Investment Portfolio: Valuation as of Dec 31, 2025
03. Portfolio of assets INVESTMENT PORTFOLIO: VALUATION AS OF DEC 31, 2025 In euro millions December 31, 2025 Number of shares Ownership ‘Average purchase Stock market price held (m) interest (%) price "” (€/share) (€/share} UMG (Equity affiliate - Operational) 181,799 9.91% 23.29 22.23 Banijay Grou
Slide 10: Change in Investment Portfolio
03. Portfolio of assets CHANGE IN INVESTMENT PORTFOLIO In euro millions (1) Total portfolio (incl. Gameloft and treasury shares) as of 12/31/2024 7219 Sale of Telecom Italia!” Telefonica” and Banijay shares” Acquisition of Lagardére shares Conversion from convertible bonds into Prisa shares (2) Tota
Slide 11: Gameloft - Key Figures FY 2025
03. Portfolio of assets GAMELOFT - KEY FIGURES FY 2025 S GAMELOFT A organic in euro millions 2025 2024 Alm) (%) PC/Consoles 144 124 +16.5% 417.4% Mobile 135 148 9.1% 83% BtoB a 2 +14.4% +15.1% Revenues 303 293 +3.4% 42% EBITA before restructuring 19 14 434.0% +43.0% Restructuring charges 4 6 EBITA 1
Slide 12: Financial net debt bridge
0 -500 -1501 1464 -1000 -2573 -296 -40 -1500 -42 -82 -2000 68 -2500 -3000 Financial net debt CFFO Divestitures of listed (TIM, Acquisition Dividends paid by Vivendi Interest, taxes Discontinued operations Financial net debt as of TEF..) and non listed of Lagardère SE and other as of Dec. 31, 2024 in
Slide 13: Financial Net Debt Position
03. Portfolio of assets FINANCIAL NET DEBT POSITION In euro millions Dec. 31st, 2025 Dec. 31, 2024 Gross cash position 200 ” Margin loans (1,350) (2,000) Short term marketable securities (352) (450) Shareholder current account advance and other debts 1 (197) Gross financial debt (1,701) (2,647) Fina
Slide 14: Statements of Earnings
04 STATEMENTS OF EARNINGS
Slide 15: FY 2025 Revenues and EBITA by Business Activity
04. Statements of Earnings FY 2025 REVENUES AND EBITA BY BUSINESS ACTIVITY In euro millions | As of Dec 31° 2025 2024 A (%) A organic (%) Gameloft 303 293 +3.4% 44.2% Other 4 4 Intercompany eliminations - - Total Vivendi Revenue 307 237 43.5% 3% Gameloft 15 8 +87.5% x21 Corporate (39) (126) +22.0% +
Slide 16: FY 2025 Income Statement
04. Statements of Earnings FY 2025 INCOME STATEMENT In euro millions | As of Dec 31° 2025 2024 Revenues 307 297 SG&A and restructuring charges (390) (420) Earnings from equity affiliates - operational (UMG) 129 12 EBITA 45 (1) Amortization and depreciation of intangible assets acquired through busin
Slide 17: Conclusion
05 CONCLUSION
Slide 18: Conclusion
05. Conclusion CONCLUSION = 2025 marks the Group’s first fiscal year in its new structure following the spin-off in December 2024. = 2026 Q1 revenues will be released on April 21, 2026. = Ordinary dividend proposed to the AGM on April 21, 2026: = €0.04 per share with respect to fiscal year 2025. " A
Slide 19: Appendices
06 APPENDICES
Slide 20: Reconciliations: EBITA, EBITDA
06. Appendices RECONCILIATIONS : EBITA, EBITDA OPERATING INCOME - EBITA - EBITDA In euro millions | As of Dec 31" 2025 2024 EBIT 18 (264) Depreciation of intangible assets acquired through business combinations 140 Amortization of intangible assets acquired through business combinations 27 27 Settle
Slide 21: Non-GAAP measures definitions
The non-GAAP measures defined below should be considered in addition to, and not as a substitute for, other GAAP measures of operating and financial performance. Vivendi considers these to be relevant indicators of the group’s operating and financial performance. Moreover, it should be noted that ot
Slide 22: Cautionary note regarding forward-looking statements
Cautionary note regarding forward-looking statements This presentation may contain forward-looking statements with respect to Vivendi’s financial condition, results of operations, businesses, strategy, and outlook, including the impact of certain transactions, and the payment of dividends and distri
Slide 23: Vivendi
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