The indicators mentioned in Article L.22-10-9 7° of the French Commercial Code are reported below uniquely for the Chairman and Chief Executive Officer since the separate roles of Chairman of the Board and Chief Executive Officer did not exist in the period from 2021 to 2024:
| 2021 | 2023 | 2023 | 2024 | 2025 (actual) | 2025 (full-year basis) | |
|---|---|---|---|---|---|---|
| Annual change in the Chairman and Chief Executive Officer’s remuneration | Annual change in the Chairman and Chief Executive Officer’s remuneration 2021 −9.20% |
Annual change in the Chairman and Chief Executive Officer’s remuneration 2023 +27.90% |
Annual change in the Chairman and Chief Executive Officer’s remuneration 2023 +14.80% |
Annual change in the Chairman and Chief Executive Officer’s remuneration 2024 −0.10% |
Annual change in the Chairman and Chief Executive Officer’s remuneration 2025 (actual) −63.6% |
Annual change in the Chairman and Chief Executive Officer’s remuneration 2025 (full-year basis) −50.7% |
| Annual change in the Chairman of the Board’s remuneration | Annual change in the Chairman of the Board’s remuneration 2021 Not applicable |
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| Annual change in the Chief Executive Officer’s remuneration | Annual change in the Chief Executive Officer’s remuneration 2021 Not applicable |
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| Annual change in net income attributable to owners of the parent | Annual change in net income attributable to owners of the parent 2021 +109.10% |
Annual change in net income attributable to owners of the parent 2023 +64% |
Annual change in net income attributable to owners of the parent 2023 +10.40% |
Annual change in net income attributable to owners of the parent 2024 +3.40% |
Annual change in net income attributable to owners of the parent 2025 (actual) +0.8% |
Annual change in net income attributable to owners of the parent 2025 (full-year basis) +0.8% |
| Annual change in the average remuneration of the Company’s employees | Annual change in the average remuneration of the Company’s employees 2021 +4.40% |
Annual change in the average remuneration of the Company’s employees 2023 +9.90% |
Annual change in the average remuneration of the Company’s employees 2023 +8.10% |
Annual change in the average remuneration of the Company’s employees 2024 −2.80% |
Annual change in the average remuneration of the Company’s employees 2025 (actual) −5.0% |
Annual change in the average remuneration of the Company’s employees 2025 (full-year basis) −5.0% |
| Annual change in the average remuneration of employees in France of companies over which VINCI has exclusive control | Annual change in the average remuneration of employees in France of companies over which VINCI has exclusive control 2021 +3.90% |
Annual change in the average remuneration of employees in France of companies over which VINCI has exclusive control 2023 +3.10% |
Annual change in the average remuneration of employees in France of companies over which VINCI has exclusive control 2023 +5.10% |
Annual change in the average remuneration of employees in France of companies over which VINCI has exclusive control 2024 +3.10% |
Annual change in the average remuneration of employees in France of companies over which VINCI has exclusive control 2025 (actual) +4.2% |
Annual change in the average remuneration of employees in France of companies over which VINCI has exclusive control 2025 (full-year basis) +4.2% |
| Annual change in Ratio A | Annual change in Ratio A 2021 −13.10% |
Annual change in Ratio A 2023 +16.50% |
Annual change in Ratio A 2023 +6.20% |
Annual change in Ratio A 2024 +2.80% |
Annual change in Ratio A 2025 (actual) −61.7% |
Annual change in Ratio A 2025 (full-year basis) −48.1% |
| Annual change in Ratio B | Annual change in Ratio B 2021 −8.40% |
Annual change in Ratio B 2023 +17.10% |
Annual change in Ratio B 2023 +11.0% |
Annual change in Ratio B 2024 +4.70% |
Annual change in Ratio B 2025 (actual) −61.8% |
Annual change in Ratio B 2025 (full-year basis) −48.2% |
| Annual change in Ratio C | Annual change in Ratio C 2021 −12.50% |
Annual change in Ratio C 2023 +24.20% |
Annual change in Ratio C 2023 +9.30% |
Annual change in Ratio C 2024 −3.10% |
Annual change in Ratio C 2025 (actual) −65.1% |
Annual change in Ratio C 2025 (full-year basis) −52.7% |
Given that the same performance conditions apply to the variable remuneration awarded to Xavier Huillard as Chairman and Chief Executive Officer for the period from 1 January to 30 April 2025 and to Pierre Anjolras as Chief Executive Officer for the period from 1 May to 31 December 2025, the performance rates achieved, as determined by the Board at its meeting of 5 February 2026, acting on a proposal from the Remuneration Committee and on a separate proposal prepared jointly by this committee and the Appointments and Corporate Governance Committee for the managerial and ESG parts, are as presented in this section.
The following table shows the movements recorded for the indicators relating to economic and financial performance, as well the result of their use in determining the variable remuneration for executive and non-executive officers in 2025:
| Indicator | 2025 | 2024 | 2025/2024 change | 2025 bonus for Xavier Huillard (in €) | 2025 bonus for Pierre Anjolras (in €) |
|---|---|---|---|---|---|
| Basic earnings per share (in €)(*) | Basic earnings per share (in €)(*)2025 9.44 |
Basic earnings per share (in €)(*)2024 8.43 |
Basic earnings per share (in €)(*)2025/2024 change +11.9% |
Basic earnings per share (in €)(*)2025 bonus for Xavier Huillard (in €)€465,496 |
Basic earnings per share (in €)(*)2025 bonus for Pierre Anjolras (in €)€436,402 |
| Recurring operating income (in € millions) | Recurring operating income (in € millions)2025 9,404 |
Recurring operating income (in € millions)2024 8,551 |
Recurring operating income (in € millions)2025/2024 change +6.2% |
Recurring operating income (in € millions)2025 bonus for Xavier Huillard (in €)€426,063 |
Recurring operating income (in € millions)2025 bonus for Pierre Anjolras (in €)€399,434 |
| Ebitda adjusted for changes in WCR and current provisions (in € millions) | Ebitda adjusted for changes in WCR and current provisions (in € millions)2025 16,003 |
Ebitda adjusted for changes in WCR and current provisions (in € millions)2024 15,000 |
Ebitda adjusted for changes in WCR and current provisions (in € millions)2025/2024 change +16.7% |
Ebitda adjusted for changes in WCR and current provisions (in € millions)2025 bonus for Xavier Huillard (in €)€430,068 |
Ebitda adjusted for changes in WCR and current provisions (in € millions)2025 bonus for Pierre Anjolras (in €)€403,189 |
| Capping effect (deduction) | Capping effect (deduction) 2025
|
Capping effect (deduction) 2024
|
Capping effect (deduction) 2025/2024 change
|
Capping effect (deduction) 2025 bonus for Xavier Huillard (in €)− €73,627 |
Capping effect (deduction) 2025 bonus for Pierre Anjolras (in €)− €69,025 |
| Total economic and financial part | Total economic and financial part 2025
|
Total economic and financial part 2024
|
Total economic and financial part 2025/2024 change
|
Total economic and financial part 2025 bonus for Xavier Huillard (in €)€1,248,000 |
Total economic and financial part 2025 bonus for Pierre Anjolras (in €)€1,170,000 |
| Upper limit | Upper limit 2025
|
Upper limit 2024
|
Upper limit 2025/2024 change
|
Upper limit 2025 bonus for Xavier Huillard (in €)€1,248,000 |
Upper limit 2025 bonus for Pierre Anjolras (in €)€1,170,000 |
| On a pro rata basis over the period(**) | On a pro rata basis over the period(**) 2025
|
On a pro rata basis over the period(**) 2024
|
On a pro rata basis over the period(**) 2025/2024 change
|
On a pro rata basis over the period(**) 2025 bonus for Xavier Huillard (in €)€416,000 |
On a pro rata basis over the period(**) 2025 bonus for Pierre Anjolras (in €)€780,000 |
