Slide 1: Half-Year Results 2026
2026 HALF-YEAR RESULTS July 23, 2026 Jean Laurent Poitou, CEO Olivier Champourlier, CFO
Slide 2: Agenda
Agenda 01 02 03 04 Key figures Half-Year Horizons Outlook Results 2026 Update 2026
Slide 3: Key Figures
KEY FIGURES
Slide 4: Commercial momentum is translating into revenue in Q2
Commercial momentum is translating into revenue in Q2 Q2 REVENUE TOTAL GROWTH ORGANIC GROWTH € 615 M +4.9% +3.0% From -2.4% in Q1 From -1.4% in Q1 4
Slide 5: H1 marks a return to growth
H1 marks a return to growth H1 REVENUE TOTAL GROWTH ORGANIC GROWTH € 1,170 M +1.3% +0.8% 5
Slide 6: A stronger order book in Q2 than in Q1
A stronger order book in Q2 than in Q1 Q1 Q2 H1 +1.0% +1.6% +1.2% Continued growth drivers: Additional Q2 boosters : Rising demand in Public Affairs Acceleration in Pharma Solid traction with CPG clients Momentum in UK Rebound in China Order book growth will gradually translate into revenu
Slide 7: Half-Year Results 2026
HALF-YEAR RESULTS 2026
Slide 8: Revenue organic growth improved across all regions
Revenue organic growth improved across all region In million € H1 2026 Total growth Organic growth Of which Q1 Of which Q2 EMEA 587.6 5.6% 0.5% 0.1% 0.9% Americas 396.6 -3.1% 0.7% -4.1% 5.5% Asia-Pacific 185.9 -1.9% 2.0% 0.2% 3.8% Total 1170.1 1.3% 0.8% -1.4% 3.0% 8
Slide 9: Revenue organic growth turned positive across all audiences
Revenue organic growth turned positive across all audiences In million € H1 2026 Total growth Organic growth Of which Q1 Of which Q2 Consumers1 565.9 -0.2% 1.1% 0.5% 1.6% Clients & employees2 240.0 5.9% -0.4% -3.3% 2.4% Citizens3 201.6 6.0% 2.8% -2.3% 7.8% Doctors & patients4 162.5 -5.1% -0.5% -4.4%
Slide 10: Income statement
Income statement In million € June 30, 2026 June 30, 2025 % change December 31, 2025 Revenue 1,170.1 1,155.0 1.3% 2,524.7 Gross margin 792.1 790.0 0.3% 1,711.0 Gross margin / revenue 67.7% 68.4% 67.8% Operating margin 92.5 95.5 -3.1% 309.3 Operating margin / revenue 7.9% 8.3% 12.3% Net profit attrib
Slide 11: Free cash flow
Free cash flow In million € June 30, 2026 June 30, 2025 December 31, 2025 Gross operating cash flow 145.3 138.5 410.7 Change in WCR (6.1) 6.3 (29.8) Income tax paid (27.4) (44.1) (78.9) Property, plant and equipment, intangible and financial assets (33.5) (38.2) (78.2) Net interest paid (15.2) (2.4)
Slide 12: Financial position
Financial position Gross Debt : €505M June 30, June 30, 400 In million € 2026 2025 Equity 1,532 1,429 60 Net debt* 220 251 43 2 0 2026 2027 2028 2029 2030 Net debt / X 0.5 X 0.6 EBITDA** Liquidity: Over €450M of undrawn credit lines with maturities > 1 year * Bonds and bank loans net of cash ** Excl
Slide 13: Shareholder returns reach a record high
Shareholder returns reach a record high in 2026 Var 2025 Dividend per share 2.0 € +8% Share buyback program already completed ~50* M€ as of July 22, 2026 * A total amount of 100 M€ share buyback is confirmed for 2026 13
Slide 14: Horizons Update
HORIZONS UPDATE
Slide 15: Horizons: From Vision to Execution
HORIZONS: FROM VISION TO EXECUTION AI-powered. Speed-driven. Scaled globally.
Slide 16: Synthesio AI Visibility
Synthesio AI Visibility Always-on monitoring across AI-driven search engines to measure and optimize brand visibility Foundational Ongoing Diagnosis Monitoring Prompt strategy, LLM Permanent monitoring interrogation and rich of LLMs strategic brand and category insights reports Scaled solution deplo
Slide 17: Ipsos.Digital
Ipsos.Digital New features available AI moderator Creative | Spark Integrated into the platform New functionalities enhanced Expanded AI-powered support for idea generation qualitative research capabilities and innovation testing Platform Integrations Communities, Custom Panels, Product Studio Suppo
Slide 18: Product Studio
Product Studio A platform accelerating product testing Synthetic respondents Generative AI summaries drive speed and savings accelerate insights synthesis AI-Powered meta-analyses InnoExplorer AI module fuel normative comparisons generates product improvements Faster timelines and flexible customiza
Slide 19: Public Affairs is evolving with AI
Public Affairs is evolving with AI For the EU commission, Ipsos launched a real-time monitoring and AI analytics capabilities • Real-time monitoring of social, news and stakeholder conversations worldwide • AI-powered detection of emerging policy, reputation and geopolitical risks • Public Affairs e
Slide 20: Speed programme
Speed programme Accelerating execution, with dedicated leadership and a common framework to make speed a competitive advantage Dedicated leadership 48-hour KPI defined Appointment of Alexandre Common framework from Guérin (former CEO of questionnaire approval to Ipsos bva) results delivery Charter f
Slide 21: Outlook 2026
OUTLOOK 2026
Slide 22: We expect stronger activity in H2 vs H1
We expect stronger activity in H2 vs H1 KEY LEVERS Horizons strategic initiatives Ramp-up of the initiatives launched under the Horizons strategic plan Focus on GMS and Ipsos Digital adoption Rollout of AI-enabled solutions and productivity initiatives Continued execution in priority markets
Slide 23: Current Trading Environment
Current Trading Environment External factors: Ongoing conflict in the Middle East and increasing uncertainty The International Monetary Fund lowers its 2026 Global growth forecasts Order book: H1 order book up 1.2% (was 1.0% in Q1) 23
Slide 24: Outlook 2026
Outlook 2026 ORGANIC GROWTH: OPERATING PROFIT RATE: Around 2% Equivalent to 2025 24
Slide 25: Third Quarter Results, October 2026
Agenda THIRD QUARTER 23 October 2026 RESULTS 25
Slide 26: Thank You
THANK YOU