Vivendi Se Unsp/Adr (VIVHY) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, welcome to the Vivendi conference call regarding its 2025 annual results. The call will be structured in two parts. First, a presentation by the Vivendi Group management team, represented by Mr. Arnaud de Puyfontaine, CEO, and Francois Leraz, CFO. Afterwards, there will be a Q&A session. During this session, you may ask questions by dialing pound key 5 on your telephone keypad to enter the queue. I will now hand over to the management team. Gentlemen, please go ahead. Hello, good evening and thank you for being with us this evening. We will, with François, comment on the full year 2025 annual results. So I will start by the key highlights and to get straight to the point. 2025 marks Vivendi's first fiscal year in its new structure following the spin-off in December 2024. The group has refocused over the past 12 months its business portfolio on content, media and entertainment, following the divestment of its telecom asset in Italy and Spain. Gameloft continued its strong momentum, driven by its successful transformation despite a challenging environment for the video game industry. and the group pursued its strategy of reducing corporate operating costs at headquarters. And now I'm going to hand over to François. Thank you Arnaud. Good evening everyone. So I will walk you through the main figures of this year 2025 starting by the key figures of the P&L with these revenues of 307 million. EBITDA of 45 million compared with minus one last year and net income group share of 20 million for the year 2025. On the portfolios listed financial assets, we are at 5.5 billion compared with 6.8 at the end of previous year and we'll come back on it. In terms of financial net debt, our net debt is at 1.5 billion. before the loan to Lagardère, this 1.5 are to b...