At 31 December 2025, provisions for litigation totalled €861 million, provisions for other current liabilities amounted to €2,921 million and provisions for other non-current liabilities came to €342 million.
Determining and measuring these provisions is a key audit matter given the amounts involved, the importance of estimates and the level of judgement required on the part of Management, as regards the likely outcome of the corresponding liabilities and litigation.
To obtain an understanding of existing liabilities and litigation and the related matters of judgement, we held discussions with the Group’s departments, business lines and main subsidiaries to familiarise ourselves with the procedures used to identify and document the existence of ongoing disputes and legal or arbitration proceedings as well as other liabilities and measure any corresponding provisions.
For each of the main liabilities and items of litigation identified, we:
We examined the appropriateness of information provided in Note M to the consolidated financial statements regarding the main items of litigation identified.
We also verified, in accordance with the professional standards applicable in France and as required by laws and regulations, the information concerning the Group presented in the management report of the Board of Directors.
We have no comments to make as to its fair presentation and its consistency with the consolidated financial statements.
We also verified, in accordance with professional standards for statutory audit procedures to be carried out on parent company and consolidated financial statements presented in the European Single Electronic Format (ESEF), that the presentation of consolidated financial statements to be included in the annual financial report referred to in Article L.451-1-2 I of the French Monetary and Financial Code (Code monétaire et financier), prepared under the responsibility of the Chief Executive Officer, complies with the format specified in Commission Delegated Regulation (EU) 2019/815 of 17 December 2018. With regard to consolidated financial statements, our work includes verifying that the statements are tagged in accordance with the format specified in the aforementioned regulation.
Based on our work, we conclude that the presentation of the consolidated financial statements to be included in the annual financial report complies, in all material aspects, with the ESEF.
However, it is not our responsibility to verify that the consolidated financial statements ultimately included by your Company in the annual financial report filed with the AMF correspond to those on which we performed our work.
PricewaterhouseCoopers Audit was appointed as Statutory Auditor of VINCI at the Shareholders’ General Meeting of 17 April 2019 and Ernst & Young Audit was appointed as Statutory Auditor of VINCI at the Shareholders’ General Meeting of 17 April 2025.
At 31 December 2025, PricewaterhouseCoopers Audit was in its seventh year and Ernst & Young Audit was in its first year of total uninterrupted engagement.
Management is responsible for preparing consolidated financial statements that present a true and fair view, in accordance with IFRS as endorsed by the European Union, and for setting up the internal controls it deems necessary for preparing consolidated financial statements that do not contain any material misstatements, whether due to fraud or error.
When preparing the consolidated financial statements, Management is responsible for assessing the Company’s ability to continue as a going concern, for presenting in those statements any necessary information relating to its status as a going concern, and for applying the accounting concept of going concern, except where there is a plan to liquidate the Company or discontinue its operations.
The Audit Committee is responsible for monitoring the process of preparing the financial information and for monitoring the effectiveness of internal control and risk management systems, and where necessary internal audit systems regarding procedures relating to the preparation and treatment of accounting and financial information.
The consolidated financial statements have been approved by the Board of Directors.
