2025 Universal Registration Document

General and financial elements

Dividends paid by VINCI SA to its shareholders in respect of 2025 and 2024 break down as follows:

Dividends paid by VINCI SA to its shareholders in respect of 2025 and 2024 break down
  2025 2024
Dividend per share (in €) Dividend per share (in €)

2025

 

Dividend per share (in €)

2024

 

Interim dividend

Interim dividend

2025

1.05

Interim dividend

2024

1.05

Final dividend

Final dividend

2025

3.95*

Final dividend

2024

3.70

Net total dividend Net total dividend

2025

5.00

Net total dividend

2024

4.75

   

2025

 

 

2024

 

Amount of dividend (in € millions) Amount of dividend (in € millions)

2025

 

Amount of dividend (in € millions)

2024

 

Interim dividend

Interim dividend

2025

587

Interim dividend

2024

597

Final dividend

Final dividend

2025

2,193(**)

Final dividend

2024

2,077

Net total dividend Net total dividend

2025

2,780

Net total dividend

2024

2,674

J. Financing and financial risk management
25. Net financial debt
Accounting policies

Bonds, other loans and financial debt are recognised at amortised cost using the effective interest method. The effective interest rate is determined after taking account of redemption premiums and issuance expenses. Under this method, the interest expense is measured actuarially and reported under the cost of gross financial debt.

The economic benefit of a loan at a significantly below-market rate of interest, which is the case in particular for project finance granted by public sector organisations, is treated as a government grant and recognised as a reduction of the debt and the related investments, in accordance with IAS 20.

Certain financing contracts provide for early redemption options, for amounts that are always close to the amortised cost of the financial liabilities that are recognised as a result. Consequently, the Group does not recognise any derivative financial instrument separately from the original contracts.

The part at less than one year of borrowings is included in “Current borrowings”.