The Shareholders’ General Meeting gives shareholders the opportunity to dialogue with VINCI’s Executive Management.
Strong share price and dividend growth
Bullish markets despite a turbulent global environment
Although the year began under the strain of worries that included tariffs announced by the United States, the major global financial centres posted upward trajectories and many record highs in 2025.
They were mainly buoyed by the gradual abatement of trade tensions with the United States, the return of quantitative easing and, most of all, the artificial intelligence boom. The latter continued to dominate market news all year long. In Europe, Germany announced massive defence spending and infrastructure investment plans in early March, which are expected to have a major impact on the region’s economy.
Against this backdrop, the VINCI share price reached a record high of €129.60 per share at the close of the markets on 15 August 2025 (€130.20 during trading on 18 August 2025).
As a consequence of the political uncertainty following the resignation of France’s prime minister in early September, the share price ended the year at €120.05.
Over 2025, the VINCI share price increased by 20%, compared with 10% growth for the CAC 40 over the same period.
At 31 December 2025, with a market capitalisation of €70 billion, the Group ranked 13th in the CAC 40.
A dividend of €5.00 per share (up €0.25 from 2024) and a yield of 4.2%
Considering VINCI’s very solid performance in 2025, despite a significant increase in tax on company profits in France, the Board of Directors agreed on 5 February 2026 to propose a total dividend of €5.00 per share in respect of 2025 at the Shareholders’ General Meeting of 14 April 2026.
This dividend represents an increase over the previous year and a yield of 4.2% based on the share price at 31 December 2025.
An interim dividend of €1.05 having been paid in October 2025, the final dividend payment on 23 April 2026, if approved at the Shareholders’ General Meeting, will be €3.95 per share. This proposal reflects the Board of Directors’ confidence in the Group’s sustainable growth outlook.
Share performance up an average of 11% each year for the past decade
In the past 10 years, the VINCI share price has more than doubled (103% growth), compared with 76% growth for the CAC 40 over the same period. A VINCI shareholder who invested €1,000 on 31 December 2015 and reinvested all dividends received in VINCI shares would have had €2,773 on 31 December 2025, which represents an average annual return of close to 11% (versus a 9% return for the CAC 40).
A highly international and diversified shareholder base
At 31 December 2025, according to shareholder surveys, 73% of VINCI’s share capital was held by approximately 1,000 investment funds, located mainly in North America, the United Kingdom and France, but also continental Europe, the Middle East, Asia and Oceania. With 60% of its capital owned by non-French investment funds, the Group has a more international shareholder base than the CAC 40.
The Group’s employees are its biggest shareholder
Employee savings funds combine the investments of more than 176,000 former and current employees, of which more than 46,000 are based outside France.
At 31 December 2025, these funds owned 11.3% of VINCI’s share capital.
The Group’s employees are therefore its biggest shareholder. Worldwide, 41% of the Group’s employees own shares, a percentage that reaches 76% in France. This is thanks to the policy that the Group has promoted for some 30 years now, encouraging employees to become shareholders and partake in its success. Individual shareholders hold 11.6% of VINCI’s share capital.
Treasury shares accounted for 4.4% of the Group’s share capital at 31 December 2025. They are held to cover long-term incentive plans and employee share ownership plans outside France, to be used as payment in external growth transactions, or to be sold or cancelled.