Slide 1: Full-year results 2025
Feb. 12, 2026 Full-year results 2025 FULL-YEAR RESULTS 2025
Slide 2: Content
Content 1. Highlights 2. 2025 excellent financial and non-financial performance 3. Deployment of strategic plan 4. 2026 full-year targets & 2030 ambitions 5. Financial agenda & Corporate access 6. Appendices FULL-YEAR RESULTS 2025 2
Slide 3: Highlights
Highlights FULL-YEAR RESULTS 2025 3
Slide 4: Highlights
Highlights Record revenue growth of +13%1 in 2025, driven by datacenters and acquisitions – +7.7% organic and +5.1% from acquisitions Excellent financial and non-financial performance, fully in line with Group’s objectives – Adjusted operating margin (after acquisitions) : 20.7% of sales – Net profi
Slide 5: 2025 excellent financial and non-financial performance
2025 excellent financial and non- financial performance FULL-YEAR RESULTS 2025 5
Slide 6: 2025 - Legrand fully achieved its annual targets
2025 - Legrand fully achieved its annual targets 2025 TARGETS1 2025 ACHIEVEMENT Revised upward in July Very strong expansion in datacenters +10% to 12%2 +13.1%2 Sales growth LFL +5% to+7%, M&A +5% LFL +7.7%, M&A +5.1% Strong acquisition momentum Muted building market Adjusted Ebit Revised upward in
Slide 7: 2025 – Change in net sales
2025 – Change in net sales +13.1% Excl. currency effects €9.5BN €8.6BN +7.7% Organic +9.6% External 1 +5.1% 2 -3.1% FX 2024 2025 1. Based on acquisitions announced as of today and their likely dates of consolidation, the 2026 full-year impact of scope changes would be close to +6% 2. Based on the av
Slide 8: 2025 – Organic sales trends by destination
2025 – Organic sales trends by destination EUROPE NORTH & CENTRAL AMERICA REST OF THE WORLD 38.0% OF GROUP 42.2% OF GROUP 19.8% OF GROUP +1.9% +16.0% +2.7% Mixed market overall United States +17.0% Asia-Pacific +4.5% Sales increase notably in Germany, Italy, the (39.2% of Group) (12.6% of Group) Net
Slide 9: 2025 – Adjusted operating margin
2025 – Adjusted operating margin 2024 Adjusted operating margin 20.5% Organic evolution of margin +0.1 pts 2025 Adjusted operating margin before acquisitions1 20.6% Impact of acquisitions +0.1 pts 2025 Adjusted operating margin 20.7% Strength of Legrand’s strategic model and solid capacity to execut
Slide 10: Solid value creation & balance sheet
2025 – Solid value creation & balance sheet NET PROFIT ATTRIBUTABLE TO THE FREE CASH FLOW NET DEBT TO EBITDA1 RATIO GROUP €1.2BN 13.1% of sales €1.3BN 1.9x Growth in operating profit 14.0% of sales end of 2025 Stable corporate income tax rate Unfavorable change in financial result Solid free cash fl
Slide 11: 2025 CSR performance - Roadmap's achievement rates
2025 CSR performance - Roadmap’s achievement rates Developing a Mitigating 123% 123% Climate Change more circular economy Serving our customers 102% Promoting Being a 123% Diversity and Responsible 89% Inclusion Business 110% achievement for the first year of 2025-2027 6th CSR roadmap FULL-YEAR RESU
Slide 12: 2025 CSR performance - Examples of achievements
2025 CSR performance - Examples of achievements PROMOTING MITIGATING DEVELOPING A MORE SERVING BEING A DIVERSITY & INCLUSION CLIMATE CHANGE CIRCULAR ECONOMY OUR CUSTOMERS RESPONSIBLE BUSINESS 31.3% of management -19% reduction of Scope Close to 37% 6Mt CO2 emissions -3% of FR2t rate (frequency posit
Slide 13: 2025 – Attractive dividend in line with capital allocation policy
2025 – Attractive dividend1 in line with capital allocation policy €2.38 €2.20 +8.2% 2024 2025 50% payout 1. Subject to the approval of shareholders at General Meeting on May 27, 2026 and payable on June 2, 2026 This distribution will be made in full out of the distributable income FULL-YEAR RESULTS
Slide 14: Deployment of strategic plan
Deployment of strategic plan FULL-YEAR RESULTS 2025 14
Slide 15: Energy & digital transition: 53% of our 2025 sales
Energy & digital transition: 53% of our 2025 sales 26% Datacenter 47% 53% Essential infrastructures Energy and digital transition – Steady growth on the long run 2025 – Above construction market SALES growth in the long run – Following building construction and renovation – Correlated to buoyant meg
Slide 16: Numerous product launches throughout the year – datacenter
Numerous product launches throughout the year 2025 – Products launched in datacenter DATACENTER 6,000A Busway Power M70 Configuration tool High Power Track Busway Universal outlet units HPR cabinet Distribution System Advanced-Series Containment Door Open Compute ORv3 Rack Keor Flex 1200 ORv3 Power
Slide 17: Numerous product launches – energy transition and digital lifestyles
Numerous product launches throughout the year 2025 – Products launched in energy transition and digital lifestyles ENERGY TRANSITION DIGITAL LIFESTYLES HPi 33 Evo UPS DMX³ 2500 - 800 V AC XL³ HP 6300 Netatmo Advance Home + Pro App Green Up Home Photovoltaic Panel Systems Green-I Radiant® Smart Light
Slide 18: Numerous product launches – essential infrastructures
Numerous product launches throughout the year 2025 – Products launched in essential infrastructures ESSENTIAL INFRASTRUCTURES Chief® Velocity NEXY Arteor Advance Outdoor Pedestal System Saros Duo Bonjun Zhihui Niloe TiLED® Off-the-Wall dvLED Seem Sweep 2 Mounting Solutions FULL-YEAR RESULTS 2025 18
Slide 19: Customer-centric digital transformation
Customer-centric digital transformation EXAMPLE OF AGENT-BASED TOOLS CUSTOMER SATISFACTION HIGH AND RISING Gaia – Automated generation of product data CSAT1 78% 78% 80% 80% NPS2 40 44 51 54 Elia – Before and after sales product assistance 2022 2023 2024 2025 Instant responses on the full set of data
Slide 20: M&A: strong acquisition momentum
M&A: strong acquisition momentum Dutch software player in connected healthcare Digital Lifestyles French specialist in access control Asian reference specialist in power busbars Australian leading player in white space infrastructure Datacenters Swiss specialist in busbars U.S. leader in load banks1
Slide 21: M&A: 2 acquisitions announced today in datacenters
M&A: 2 acquisitions announced today in datacenters Power distribution systems Technical infrastructure services Denver, USA São Paulo, Brazil Sales ~$100M Sales ~€45M FULL-YEAR RESULTS 2025 21
Slide 22: 2026 full-year targets & 2030 ambitions
2026 full-year targets 2030 ambitions FULL-YEAR RESULTS 2025 22
Slide 23: 2026 full-year targets
2026 full-year targets In 2026, the Group will continue to accelerate its profitable and responsible growth momentum, in line with its strategic roadmap1. Taking into account the current global macroeconomic outlook, a very strong datacenter market, and a modest recovery in the building sector, Legr
Slide 24: 2030 ambitions
2030 ambitions Building on its achievements and taking into account both observed and expected market trends, Legrand is confident in its ability to reach the upper end of its 2030 sales target range, around €15 billion, with average annual sales growth of close to +10% excluding currency effects, a
Slide 25: Financial agenda & Corporate access
Financial agenda & Corporate access FULL-YEAR RESULTS 2025 25
Slide 26: Key Financial Dates
Key Financial Dates Q1 2026 General H1 2026 Release Assembly Release May 7, 2026 May 27, 2026 July 29, 2026 FULL-YEAR RESULTS 2025 26
Slide 27: 2026 Corporate access calendar – Roadshows
2026 Corporate access calendar1 Roadshows Date Broker Location Legrand participants Feb. 13 & 16, 2026 BNP Paribas Paris Management (C-suite) Feb. 18 & 19, 2026 Goldman Sachs London Management (C-suite) Feb. 24, 2026 Deutsche Bank Frankfurt Management (C-suite) Feb. 24, 2026 Jefferies New York Manag
Slide 28: 2026 Corporate access calendar – Conferences
2026 Corporate access calendar1 Conferences Date Conference Location Legrand participants Feb. 18, 2026 Barclays - Industrial Select Conference Miami Management (C-suite) Feb. 19, 2026 Citi - Global Industrial Tech and Mobility Miami Management (C-suite) March 4, 2026 Barclays - European Industrial
Slide 29: Appendices
Appendices FULL-YEAR RESULTS 2025 29
Slide 30: Glossary
Glossary Adjusted operating profit is defined as operating profit adjusted for amortization and depreciation of revaluation of assets at the time of acquisitions and for other P&L impacts relating to acquisitions, and where applicable, impairment of goodwill. Cash flow from operations is defined as
Slide 31: Change in net sales
Change in net sales Breakdown of change in FY 2025 net sales by destination (€mm) 576,7 52,7 - 302,1 437,0 831,7 67,4 9 480,6 8 648,9 North Rest of Europe & Central the America World 1 +5.1% +7.7% -3.1% +9.6% Scope of Organic growth FX Total consolidation FY 2024 FY 2025 1. Due to the consolidation
Slide 32: 2025 – net sales by destination
2025– net sales by destination(1) In € millions 2024 2025 Total Scope of Like-for-Like Currency Effect Change Consolidation Growth Europe 3,458.4 3,603.7 4.2% 3.1% 1.9% -0.8% North and Central America 3,465.8 4,001.8 15.5% 4.0% 16.0% -4.3% Rest of the World 1,724.7 1,875.1 8.7% 11.2% 2.7% -4.8% Tota
Slide 33: First quarter – net sales by destination
2025 First quarter – net sales by destination1 In € millions Q1 2024 Q1 2025 Total Scope of Like-for-Like Currency Effect Change Consolidation Growth Europe 886.0 932.4 5.2% 5.0% -0.3% 0.5% North and Central America 757.9 929.9 22.7% 0.9% 18.7% 2.4% Rest of the World 384.3 415.5 8.1% 4.1% 4.8% -0.9%
Slide 34: Second quarter – net sales by destination
2025 Second quarter – net sales by destination1 In € millions Q2 2024 Q2 2025 Total Scope of Like-for-Like Currency Effect Change Consolidation Growth Europe 862.9 919.0 6.5% 5.0% 2.3% -0.8% North and Central America 880.6 1,094.8 24.3% 6.9% 22.0% -4.7% Rest of the World 438.6 482.7 10.1% 14.0% 2.1%
Slide 35: Third quarter – net sales by destination
2025 Third quarter – net sales by destination1 In € millions Q3 2024 Q3 2025 Total Scope of Like-for-Like Currency Effect Change Consolidation Growth Europe 748.8 818.3 9.3% 7.0% 2.7% -0.5% North and Central America 858.4 952.2 10.9% 4.1% 13.3% -5.9% Rest of the World 411.5 426.5 3.7% 9.7% 0.7% -6.2
Slide 36: Fourth quarter – net sales by destination
2025 Fourth quarter – net sales by destination1 In € millions Q4 2024 Q4 2025 Total Scope of Like-for-Like Currency Effect Change Consolidation Growth Europe 960.7 934.0 -2.8% -3.5% 3.0% -2.2% North and Central America 968.9 1,024.9 5.8% 3.6% 10.7% -7.8% Rest of the World 490.3 550.3 12.2% 15.5% 3.5
Slide 37: 2025 – net sales by origin
2025 – net sales by origin(1) In € millions 2024 2025 Total Scope of Like-for-Like Currency Effect Change Consolidation Growth Europe 3,634.0 3,834.1 5.5% 3.5% 2.7% -0.7% North and Central America 3,504.7 4,012.3 14.5% 3.5% 15.6% -4.3% Rest of the World 1,510.2 1,634.2 8.2% 12.5% 1.7% -5.4% Total 8,
Slide 38: First quarter – net sales by origin
2025 First quarter – net sales by origin1 In € millions Q1 2024 Q1 2025 Total Scope of Like-for-Like Currency Effect Change Consolidation Growth Europe 918.9 974.0 6.0% 5.0% 0.4% 0.5% North and Central America 767.5 940.5 22.5% 0.7% 18.8% 2.4% Rest of the World 341.8 363.3 6.3% 4.6% 2.8% -1.1% Total
Slide 39: Second quarter – net sales by origin
2025 Second quarter – net sales by origin1 In € millions Q2 2024 Q2 2025 Total Scope of Like-for-Like Currency Effect Change Consolidation Growth Europe 898.4 965.6 7.5% 6.8% 1.4% -0.8% North and Central America 891.8 1,103.3 23.7% 5.3% 23.2% -4.7% Rest of the World 391.9 427.6 9.1% 14.4% 1.3% -5.9%
Slide 40: Third quarter – net sales by origin
2025 Third quarter – net sales by origin1 In € millions Q3 2024 Q3 2025 Total Scope of Like-for-Like Currency Effect Change Consolidation Growth Europe 787.0 872.2 10.8% 8.7% 2.8% -0.8% North and Central America 868.9 965.0 11.1% 2.9% 14.7% -5.9% Rest of the World 362.8 359.9 -0.8% 9.5% -2.8% -6.8%
Slide 41: Fourth quarter – net sales by origin
2025 Fourth quarter – net sales by origin1 In € millions Q4 2024 Q4 2025 Total Scope of Like-for-Like Currency Effect Change Consolidation Growth Europe 1,029.7 1,022.3 -0.7% -4.5% 6.1% -2.1% North and Central America 976.5 1,003.5 2.8% 4.4% 7.0% -8.0% Rest of the World 413.7 483.4 16.8% 19.4% 4.8%
Slide 42: 2025 – P&L
2025 – P&L In € millions 2024 2025 % change Net sales 8,648.9 9,480.6 +9.6% Gross profit 4,466.1 4,818.6 +7.9% as % of sales 51.6% 50.8% Adjusted operating profit 1,776.0 1,962.3 +10.5% as % of sales 20.5% 20.7%(1) Amortization & depreciation of revaluation of assets at the time of acquisitions (133
Slide 43: First quarter – P&L
2025 First quarter – P&L In € millions Q1 2024 Q1 2025 % change Net sales 2,028.2 2,277.8 +12.3% Gross profit 1,076.2 1,194.0 +10.9% as % of sales 53.1% 52.4% Adjusted operating profit 415.9 470.4 +13.1% as % of sales 20.5% 20.7%(1) Amortization & depreciation of revaluation of assets at the time of
Slide 44: Second quarter – P&L
2025 Second quarter – P&L In € millions Q2 2024 Q2 2025 % change Net sales 2,182.1 2,496.5 +14.4% Gross profit 1,138.0 1,278.4 +12.3% as % of sales 52.2% 51.2% Adjusted operating profit 457.2 533.0 +16.6% as % of sales 21.0% 21.3%(1) Amortization & depreciation of revaluation of assets at the time o
Slide 45: Third quarter – P&L
2025 Third quarter – P&L In € millions Q3 2024 Q3 2025 % change Net sales 2,018.7 2,197.1 +8.8% Gross profit 1,032.2 1,110.5 +7.6% as % of sales 51.1% 50.5% Adjusted operating profit 403.0 440.4 +9.3% as % of sales 20.0% 20.0%(1) Amortization & depreciation of revaluation of assets at the time of ac
Slide 46: Fourth quarter – P&L
2025 Fourth quarter – P&L In € millions Q4 2024 Q4 2025 % change Net sales 2,419.9 2,509.2 +3.7% Gross profit 1,219.7 1,235.7 +1.3% as % of sales 50.4% 49.2% Adjusted operating profit 499.9 518.5 +3.7% as % of sales 20.7% 20.7%(1) Amortization & depreciation of revaluation of assets at the time of a
Slide 47: 2025 – adjusted operating profit by geographical region
2025– adjusted operating profit before and after other operating income (expense) by geographical region North and 2025 Rest of Europe Central Total (in € millions) the World America Net sales 3,834.1 4,012.3 1,634.2 9,480.6 Cost of sales (1,749.2) (1,988.3) (924.5) (4,662.0) Administrative and sell
Slide 48: 2024 – adjusted operating profit by geographical region
2024– adjusted operating profit before and after other operating income (expense) by geographical region North and 2024 Rest of Europe Central Total (in € millions) the World America Net sales 3,634.0 3,504.7 1,510.2 8,648.9 Cost of sales (1,668.2) (1,686.7) (827.9) (4,182.8) Administrative and sell
Slide 49: Q1 2025 – adjusted operating profit by geographical region
2025 First quarter – adjusted operating profit before and after other operating income (expense) by geographical region North and Q1 2025 Rest of Europe Central Total (in € millions) the World America Net sales 974.0 940.5 363.3 2,277.8 Cost of sales (433.2) (446.9) (203.7) (1,083.8) Administrative
Slide 50: Q1 2024 – adjusted operating profit by geographical region
2024 First quarter – adjusted operating profit before and after other operating income (expense) by geographical region North and Q1 2024 Rest of Europe Central Total (in € millions) the World America Net sales 918.9 767.5 341.8 2,028.2 Cost of sales (411.2) (357.3) (183.5) (952.0) Administrative an
Slide 51: Q2 2025 – adjusted operating profit by geographical region
2025 Second quarter – adjusted operating profit before and after other operating income (expense) by geographical region North and Q2 2025 Rest of Europe Central Total (in € millions) the World America Net sales 965.6 1,103.3 427.6 2,496.5 Cost of sales (432.1) (552.5) (233.5) (1,218.1) Administrati
Slide 52: Q2 2024 – adjusted operating profit by geographical region
2024 Second quarter – adjusted operating profit before and after other operating income (expense) by geographical region North and Q2 2024 Rest of Europe Central Total (in € millions) the World America Net sales 898.4 891.8 391.9 2,182.1 Cost of sales (399.5) (433.6) (211.0) (1,044.1) Administrative
Slide 53: Q3 2025 – adjusted operating profit by geographical region
2025 Third quarter – adjusted operating profit before and after other operating income (expense) by geographical region North and Q3 2025 Rest of Europe Central Total (in € millions) the World America Net sales 872.2 965.0 359.9 2,197.1 Cost of sales (413.5) (471.9) (201.2) (1,086.6) Administrative
Slide 54: Q3 2024 – adjusted operating profit by geographical region
2024 Third quarter – adjusted operating profit before and after other operating income (expense) by geographical region North and Q3 2024 Rest of Europe Central Total (in € millions) the World America Net sales 787.0 868.9 362.8 2,018.7 Cost of sales (368.6) (417.9) (200.0) (986.5) Administrative an
Slide 55: Q4 2025 – adjusted operating profit by geographical region
2025 Fourth quarter – adjusted operating profit before and after other operating income (expense) by geographical region North and Q4 2025 Rest of Europe Central Total (in € millions) the World America Net sales 1,022.3 1,003.5 483.4 2,509.2 Cost of sales (470.4) (517.0) (286.1) (1,273.5) Administra
Slide 56: Q4 2024 – adjusted operating profit by geographical region
2024 Fourth quarter – adjusted operating profit before and after other operating income (expense) by geographical region North and Q4 2024 Rest of Europe Central Total (in € millions) the World America Net sales 1,029.7 976.5 413.7 2,419.9 Cost of sales (488.9) (477.9) (233.4) (1,200.2) Administrati
Slide 57: 2025 – reconciliation of cash flow from operations with profit
2025 – reconciliation of cash flow from operations with profit In € millions 2024 2025 Profit 1,168.9 1,252.3 Depreciation, amortization and impairment 384.9 415.2 Changes in other non-current assets and liabilities and long-term deferred taxes 35.5 31.4 Unrealized exchange (gains)/losses 0.1 1.0 (G
Slide 58: 2025 – reconciliation of free cash flow with cash flow from operations
2025 – reconciliation of free cash flow with cash flow from operations In € millions 2024 2025 % change Cash flow from operations 1,598.6 1,715.6 +7.3% as % of sales 18.5% 18.1% Decrease (Increase) in working capital requirement (75.3) (138.8) Net cash provided from operating activities 1,523.3 1,57
Slide 59: Scope of consolidation (1/2)
Scope of consolidation (1/2) 2024 Q1 H1 9M FY Full consolidated method MSS Balance sheet only 6 months 9 months 12 months ZPE SYSTEMS Balance sheet only Balance sheet only Balance sheet only 12 months ENOVATION Balance sheet only Balance sheet only 7 months NETRACK Balance sheet only Balance sheet o
Slide 60: Scope of consolidation (2/2)
Scope of consolidation (2/2) 2025 Q1 H1 9M FY Full consolidated method MSS 3 months 6 months 9 months 12 months ZPE SYSTEMS 3 months 6 months 9 months 12 months ENOVATION 3 months 6 months 9 months 12 months NETRACK 3 months 6 months 9 months 12 months DAVENHAM 3 months 6 months 9 months 12 months V
Slide 61: Investor Relations / Press Relations
INVESTOR RELATIONS LEGRAND Ronan MARC Tel: +33 (0)1 49 72 53 53 ronan.marc@legrand.com PRESS RELATIONS TBWA Corporate Lucie DAUDIGNY Mob: +33 (0)6 77 20 71 11 lucie.daudigny@tbwa-corporate.com FULL-YEAR RESULTS 2025 61
Slide 62: Disclaimer
Disclaimer The information contained in this presentation has not been independently verified and no representation or warranty expressed or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained herein