Sopra Steria Group Sa · EURONEXT:SOP
Sopra Steria Group Sa — FY2025 Earnings Presentation
44 slides from Sopra Steria Group Sa's earnings presentation, Feb 26, 2026
Slide 1: 2025 Annual Results Presentation
2025 Annual Results Presentation Paris, 26 February 2026
Slide 2: Disclaimer
Disclaimer This presentation contains forward-looking information subject to certain risks and uncertainties that may affect the Group’s future growth and financial results. Readers are reminded that licence agreements, which often represent investments for clients, are signed in greater numbers in
Slide 3: Introduction
Introduction Rajesh Krishnamurthy, Chief Executive Officer 3
Slide 4: Contents
Contents 01 02 03 04 05 Highlights of Operating Financial Outlook and Annexes 2025 position by results for 2025 targets reporting unit 4 2025 Annual Results Presentation – 26 February 2026
Slide 5: Highlights of 2025
01. Highlights of 2025 Étienne du Vignaux, Chief Financial Officer 5
Slide 6: Targets for 2025 achieved
Targets for 2025 achieved “Organic revenue growth of “Operating margin on business “Free cash flow of between between -2.5% and +0.5%” activity of between 9.3% and 5% and 7% of revenue” 9.8%” -2.2% 9.5% 6.0% Net profit attributable to the Group: €296.8m, up 18.3% vs 2024 Basic earnings per share: €1
Slide 7: Return to growth in Q4: +1.8%
Return to growth in Q4: +1.8% Geographies Sectors Consulting Strong growth Continued positive Rebound in Q4 momentum maintained growth +5.1% Acceleration aeronautics Financial Services (growth throughout the year) Growth Stabilisation Return to growth Rebound Strong momentum in growth Grand Prix “In
Slide 8: Solid operating performance
Solid operating performance Operating profit on FCF(1) (€m) % of revenue RoCE(2) before tax (%) business activity (%) (1) FCF: Free cash flow (2) RoCE: Return on capital employed (Profit from recurring operations before tax + Profit from equity-accounted companies) / (Equity + Net financial debt) 8
Slide 9: Strong free cash flow
Strong free cash flow Conversion rate of operating FCF yield Dividend in respect of profit on business activity at 31/12/2025(1) financial year 2025 63.8% 10.7% €5.30 per share Free cash flow of €340.9m vs €4.65 in 2024 (1) Market capitalisation at 31/12/2025: €3,176.7m 9 2025 Annual Results Present
Slide 10: Key commercial wins
Key commercial wins 10 2025 Annual Results Presentation – 26 February 2026
Slide 11: Acceleration in NextGen technologies & AI
Acceration in NextGen technologies & AI NextGen AI for software AI as a revenue driver AI for our clients technologies Certifications in the engineering mix +32% x2 Leader • ServiceNow • SAP Active licences Github, Copilot, Claude, Gemini, etc. High in GenAI rollout • Cloud key account penetration r
Slide 12: Favourable positioning
Favourable positioning 26% 23% 85% 9% 6% Public Defence, Space, Security 21% Digital Services Consulting Solutions Sector & Aeronautics Financial Services 70% Group revenue o/w: Recurring revenue ~40% 6% France A leader in digital services for the European 7% United Kingdom defence, space and securi
Slide 13: Leading provider for sovereignty solutions
Leading provider for sovereignty solutions Growing priority for clients Trusted operator Our sovereign solutions Airbus: “Seeking a trusted cloud provider to Independent European Group Trusted Digital Platform migrate critical applications” Secured, hosted and operated in France CDC: “Increased focu
Slide 14: Ambitious plans in Defence, Space & Security
Ambitious plans in Defence, Space & Security Organic growth of ~+10% per year over 5 years 2025 2030 ~€1billion Support activities Priority solutions Target areas revenue General administration Multi-domain operations Space Supply chain Counter-drone systems Cyber defence 80% Maintenance AI / Data c
Slide 15: Operating position by reporting unit
02. Operating position by reporting unit Étienne du Vignaux, Chief Financial Officer 15
Slide 16: Operating performance by reporting unit
Operating performance by reporting unit Operating profit on business Revenue activity 2024 Organic 2025 2025 2024 restated* growth (€m) (% of Rev.) (% of Rev.) (€m) (%) France 2,409.9 2,446.5 -1.5% 9.0% 9.0% United Kingdom 909.9 950.7 -4.3% 9.6% 12.1% Europe 1,990.6 2,048.0 -2.8% 8.7% 9.1% Solutions
Slide 17: France
France 2024 2025 reported France (€ m) (% of Rev.) (€ m) (% of Rev.) Revenue 2,409.9 2,437.9 Organic growth (%) -1.5% Operating profit on business 217.5 9.0% 220.4 9.0% activity Profit from recurring operations 200.3 8.3% 201.6 8.3% Operating profit 184.3 7.6% 182.1 7.5% Return to organic growth in
Slide 18: United Kingdom
United Kingdom 2024 2025 reported United Kingdom (€ m) (% of Rev.) (€ m) (% of Rev.) Revenue 909.9 962.1 Organic growth (%) -4.3% Operating profit on business 87.4 9.6% 116.9 12.1% activity Profit from recurring operations 79.1 8.7% 107.8 11.2% Operating profit 74.8 8.2% 100.7 10.5% Rebound in organ
Slide 19: Investments in next-generation BPS and growth drivers
Investments in next-generation BPS and growth drivers Contribution to growth (2025–2029) €910m ≥€1bn Next-generation BPS +50% Generative and agentic AI Growth drivers 40% Other Next-generation +50% technologies +60% Transformative BPS NHS SBS Transformative Largest scope & higherBPS value 16% NHS SB
Slide 20: Europe
Europe 2024 2025 reported Europe (€ m) (% of Rev.) (€ m) (% of Rev.) Revenue 1,990.6 2,049.0 Organic growth (%) -2.8% Operating profit on business 173.0 8.7% 186.4 9.1% activity Profit from recurring operations 156.5 7.9% 165.7 8.1% Operating profit 129.2 6.5% 128.5 6.3% Spain, Italy and Switzerland
Slide 21: Solutions
Solutions 2024 2025 reported Solutions (€ m) (% of Rev.) (€ m) (% of Rev.) Revenue 337.6 327.8 Organic growth (%) +2.6% Operating profit on business 56.4 16.7% 41.0 12.5% activity Profit from recurring operations 55.1 16.3% 39.9 12.2% Operating profit 52.9 15.7% 38.0 11.6% Human Resources Solutions:
Slide 22: Financial results for 2025
03. Financial results for 2025 Étienne du Vignaux, Chief Financial Officer 22
Slide 23: Income statement
Income statement 2024 2025 reported (€ m) (% of Rev.) (€ m) (% of Rev.) Revenue 5,648.0 5,776.8 Organic growth -2.2% -0.5% Operating profit on business activity 534.3 9.5% 564.7 9.8% Share-based payment expenses -20.5 -17.3 Amortisation of allocated intangible assets -22.8 -32.5 Profit from recurrin
Slide 24: Other operating income and expenses
Other operating income and expenses 2024 2025 reported (€ m) (€ m) Costs related to business combination -2.4 -0.7 Restructuring and reorganisation costs -51.8 -50.6 Other 4.5 -3.3 Other operating income and expenses -49.8 -54.7 24 2025 Annual Results Presentation – 26 February 2026
Slide 25: Tax
Tax 2024 2025 reported (€ m) (€ m) Profit before tax and share from equity-accounted companies 402.8 421.7 Effective tax charge -96.7 -96.8 Effective tax rate (%) 24.0% 22.9% Normative rate excluding non-recurring items: ~25% Tax rate expected to be ~27% in 2026 25 2025 Annual Results Presentation –
Slide 26: Change in free cash flow
Change in free cash flow 432.1 +19.7 +9.6 340.9 -70.9 -49.6 €m of which: SFT-€76m Free cash flow 2024 EBITDA WCR Taxes, Other Free cash flow 2025 (reported) reorganisation (reported) 26 2025 Annual Results Presentation – 26 February 2026
Slide 27: 35.4% reduction in net financial debt
35.4% reduction in net financial debt 382.2 -63.7 -8.1 246.7 €m -92.6 -41.0 +340.9 27 2025 Annual Results Presentation – 26 February 2026
Slide 28: Solid balance sheet structure
Solid balance sheet structure Simplified balance sheet Assets + WCR (€m) 31/12/25 Gearing Leverage 70% 5% 14% €158.2m 11% 0.4x 31/12/2025 3,086.1 3% 8% 65% 4% 14% Gearing Leverage 31/12/2024 3,055.0 31/12/24 €135.9m 19% 0.6x 4% 13% Equity Pensions – Post-employment benefits Net Net Pensions – Post-
Slide 29: Diversified, accessible financing
Diversified, accessible financing 31/ 12/ 2025 31/ 12/ 2025 Amount Amount used authorised (€ m) Available undrawn amount: €1.3bn (€ m) i.e. 67% of authorised amount(1) Bond 250.0 250.0 Bank loans & borrowing facilities 405.0 460.0 Multi-currency revolving credit facility - 1,100.0 Overdrafts and oth
Slide 30: Conclusion
04. Conclusion Rajesh Krishnamurthy, Chief Executive Officer 30
Slide 31: Full-year targets for 2026
Full-year targets for 2026 Organic revenue growth Operating margin on business Free cash flow activity (as % of revenue) (as % of revenue) Between At least Around +1.0% and +2.0% 9.5% 5% including a non-recurring negative impact of around 2 points arising from the planned conclusion of the SFT progr
Slide 32: sopra SS steria
sopra SS steria
Slide 33: Annexes
05. Annexes 33
Slide 34: Sopra Steria: A European leader in digital transformation
Sopra Steria: A European leader in digital transformation Breakdown of revenue – Financial year ended 31 December 2025 Among the top 9 operating in Europe(1) €5.6bn 2025 revenue 9% Europe: 35% 6% 6% 3% 7% 9% 4% 60% 26% 7% >50,000 9% 12% 43% employees 7% 9% 21% 10% 13% Operations in nearly 10% 30 cou
Slide 35: Breakdown of change in consolidated revenue
Breakdown of change in consolidated revenue €m 35 2025 Annual Results Presentation – 26 February 2026
Slide 36: Earnings per share
Earnings per share 2025 2024 2023 Net profit attributable to the Group (€ m) 296.8 251.0 183.7 Weighted average number of shares outstanding excl. treasury shares 19.49 20.14 20.22 Basic earnings per share (€ ) 15.23 12.46 9.08 Basic recurring earnings per share (€ ) 17.08 17.55 16.42 Theoretical we
Slide 37: Breakdown of change in net financial debt
Breakdown of change in net financial debt 2024 2025 1000000 reported (€ m) (€ m) Operating profit on business activity 534.3 564.7 Depreciation, amortisation and provisions (excl. allocated intangible assets) 145.2 185.7 EBITDA 679.5 750.5 Non-cash items -4.8 -6.0 Tax paid -79.4 -85.7 Change in oper
Slide 38: Simplified balance sheet
Simplified balance sheet 31/ 12/ 2024 31/ 12/ 2025 reported (€ m) (€ m) Goodwill 2,375.6 2,348.2 Allocated intangible assets 151.6 174.3 Other fixed assets 387.5 345.2 Right-of-use assets 385.1 384.4 Equity-accounted investments 1.0 1.0 Fixed assets 3,300.8 3,253.0 Net deferred tax 59.5 73.1 Trade a
Slide 39: Global workforce
Global workforce 31/ 12/ 2025 31/ 12/ 2024 France 19,962 19,949 Europe 22,569 22,928 Outside Europe 260 224 International Service Centres 8,484 7,887 Total* 51,275 50,988 * Workforce calculated excluding interns, in accordance with the requirements of the CSRD Note: Corporate Sustainability Reportin
Slide 40: Changes in exchange rates
Changes in exchange rates Changes in exchange rates Average rate Average rate Change 2025 2024 (%) For € 1 / % Pound sterling 0.8568 0.8466 -1.2% Norwegian krone 11.7173 11.6290 -0.8% Swedish krona 11.0663 11.4325 +3.3% Danish krone 7.4634 7.4589 -0.1% Swiss franc 0.9370 0.9526 +1.7% 40 2025 Annual
Slide 41: Core shareholder backing the corporate plan
Core shareholder backing the corporate plan Ownership structure at 31 December 2025 SOPRA GMT Pasquier Odin One Equity Historical Treasury family family Partners managers shares 54.0% 22.4% 22.6% 0.6% 0.4% 60.8% 25.5% 12.9% 0.5% 0.2% 20,547,701 listed shares 26,600,829 theoretical voting rights Foun
Slide 42: Confirmation of sustainability trajectory
Confirmation of sustainability trajectory Net-Zero trajectory:(1) Reductions in greenhouse gas emissions • 64.6% reduction for Scopes 1 & 2 (baseline: 2019) On the A List for the • 33.2% reduction for Scope 3 (baseline: 2019) 9th year running More women in the Group • Proportion of women in the 3% m
Slide 43: Achieving our climate goals
Achieving our climate goals Targets validated Results for 2025 CO2 emissions reduction trajectory (change vs 2019) (out to 2030) Scopes 1&2 Scopes 1 & 2 -64.6% 100 80 Scope 60 3 vs 2019 40 Scope 3 20 2030 Reducing our 2040 Offsetting unavoided environmental impact emissions -33.2% 0 In 2017 -3.4%/ -
Slide 44: Alternative performance measures
Alternative performance measures • Restated revenue: Revenue for the prior year, expressed on the basis of the scope and exchange rates for the current year. • Organic revenue growth: Increase in revenue between the period under review and restated revenue for the same period in the prior financial