2025 Universal Registration Document

Income statement

Income statement
(in € millions)	Note	2025	2024
Revenue and other income
Production sold	Production sold Note	Production sold 2025 23	Production sold 2024 20
Net revenue	Net revenue Note	Net revenue202523	Net revenue 2024 20
Grants	Grants Note	Grants 2025 0	Grants 2024 -
Reversals of depreciation, amortisation, impairment and provisions	Reversals of depreciation, amortisation, impairment and provisions Note	Reversals of depreciation, amortisation, impairment and provisions 2025 2	Reversals of depreciation, amortisation, impairment and provisions 2024 13
Proceeds from disposals of intangible assets and property, plant and equipment	Proceeds from disposals of intangible assets and property, plant and equipment Note	Proceeds from disposals of intangible assets and property, plant and equipment 2025 0	Proceeds from disposals of intangible assets and property, plant and equipment 2024 -
Other income	Other income Note	Other income 2025 291	Other income 2024 271
Total revenue and other income (I)	Total revenue and other income (I) Note	Total revenue and other income (I)2025316	Total revenue and other income (I) 2024 304
Operating expenses
Purchases of raw materials and other supplies	Purchases of raw materials and other supplies Note	Purchases of raw materials and other supplies 2025 (0)	Purchases of raw materials and other supplies 2024 (1)
Other purchases and external charges⁽¹⁾	Other purchases and external charges ⁽¹⁾ Note	Other purchases and external charges ⁽¹⁾2025 (98)	Other purchases and external charges ⁽¹⁾ 2024 (102)
Taxes, levies and similar payments	Taxes, levies and similar payments Note	Taxes, levies and similar payments 2025 (29)	Taxes, levies and similar payments 2024 (10)
Wages	Wages Note	Wages 2025 (48)	Wages 2024 (46)
Social benefit contributions	Social benefit contributions Note	Social benefit contributions 2025 (25)	Social benefit contributions 2024 (19)
Depreciation, amortisation and impairment expense	Depreciation, amortisation and impairment expense Note	Depreciation, amortisation and impairment expense 2025	Depreciation, amortisation and impairment expense 2024
On non-current assets: depreciation and amortisation	On non-current assets: depreciation and amortisation Note	On non-current assets: depreciation and amortisation 2025 (4)	On non-current assets: depreciation and amortisation 2024 (9)
Provision expense	Provision expense Note	Provision expense 2025 (1)	Provision expense 2024 (1)
Carrying amount of intangible assets and property, plant and equipment sold	Carrying amount of intangible assets and property, plant and equipment sold Note	Carrying amount of intangible assets and property, plant and equipment sold 2025 (0)	Carrying amount of intangible assets and property, plant and equipment sold 2024 -
Other expenses	Other expenses Note	Other expenses 2025 (70)	Other expenses 2024 (62)
Other operating expenses (II)	Other operating expenses (II) Note	Other operating expenses (II)2025(277)	Other operating expenses (II) 2024 (250)
Operating income (I − II)	Operating income (I − II) Note	Operating income (I − II)202539	Operating income (I − II) 2024 55
Financial income
Income from investments in subsidiaries and affiliates⁽²⁾	Income from investments in subsidiaries and affiliates ⁽²⁾ Note	Income from investments in subsidiaries and affiliates ⁽²⁾2025 2 187	Income from investments in subsidiaries and affiliates ⁽²⁾ 2024 2 554
Income from other securities and fixed asset receivables⁽²⁾	Income from other securities and fixed asset receivables ⁽²⁾ Note	Income from other securities and fixed asset receivables ⁽²⁾2025 4	Income from other securities and fixed asset receivables ⁽²⁾ 2024 127
Other interest and similar income⁽²⁾	Other interest and similar income ⁽²⁾ Note	Other interest and similar income ⁽²⁾2025 638	Other interest and similar income ⁽²⁾ 2024 571
Reversals of impairment and provisions	Reversals of impairment and provisions Note	Reversals of impairment and provisions 2025 304	Reversals of impairment and provisions 2024 316
Foreign exchange gains	Foreign exchange gains Note	Foreign exchange gains 2025 55	Foreign exchange gains 2024 66
Net income from disposals of marketable securities and cash equivalents	Net income from disposals of marketable securities and cash equivalents Note	Net income from disposals of marketable securities and cash equivalents 2025 31	Net income from disposals of marketable securities and cash equivalents 2024 60
Total financial income (V)	Total financial income (V) Note	Total financial income (V)20253,218	Total financial income (V) 2024 3,695
Financial expense
Depreciation, amortisation, impairment and provisions	Depreciation, amortisation, impairment and provisions Note	Depreciation, amortisation, impairment and provisions 2025 (347)	Depreciation, amortisation, impairment and provisions 2024 (954)
Interest paid and similar expenses⁽³⁾	Interest paid and similar expenses ⁽³⁾ Note	Interest paid and similar expenses ⁽³⁾2025 (899)	Interest paid and similar expenses ⁽³⁾ 2024 (1,070)
Foreign exchange losses	Foreign exchange losses Note	Foreign exchange losses 2025 (58)	Foreign exchange losses 2024 (65)
Carrying amount of financial assets sold	Carrying amount of financial assets sold Note	Carrying amount of financial assets sold 2025 (0)	Carrying amount of financial assets sold 2024 -
Total financial expense (VI)	Total financial expense (VI) Note	Total financial expense (VI)2025(1,305)	Total financial expense (VI) 2024 (2,089)
Net financial income/(expense) (V − VI)	Net financial income/(expense) (V − VI) Note 7	Net financial income/(expense) (V − VI)20251,914	Net financial income/(expense) (V − VI) 2024 1,606
Pre-tax income from ordinary activities (I − II + V − VI)	Pre-tax income from ordinary activities (I − II + V − VI) Note	Pre-tax income from ordinary activities (I − II + V − VI)20251,953	Pre-tax income from ordinary activities (I − II + V − VI) 2024 1,661
Exceptional income (VII)	Exceptional income (VII) Note	Exceptional income (VII) 2025-	Exceptional income (VII) 2024 7
Exceptional expense (VIII)	Exceptional expense (VIII) Note	Exceptional expense (VIII) 2025 (4)	Exceptional expense (VIII) 2024 (13)
Net exceptional income/(expense) (VII − VIII)	Net exceptional income/(expense) (VII − VIII) Note 8	Net exceptional income/(expense) (VII − VIII)2025(4)	Net exceptional income/(expense) (VII − VIII) 2024 (6)
Income tax expense (X)	Income tax expense (X) Note 9	Income tax expense (X)2025(104)	Income tax expense (X) 2024 129
Total income (I + III + VII)	Total income (I + III + VII) Note	Total income (I + III + VII)20253,535	Total income (I + III + VII) 2024 4,007
Total expense (II + VI + VIII + X)	Total expense (II + VI + VIII + X) Note	Total expense (II + VI + VIII + X)2025(1,690)	Total expense (II + VI + VIII + X) 2024 (2,222)
Profit/(loss)	Profit/(loss) Note	Profit/(loss)20251,845	Profit/(loss) 2024 1,784
(1) Of which equipment and real-estate finance lease payments:	(1) Of which equipment and real-estate finance lease payments: Note	(1) Of which equipment and real-estate finance lease payments: 2025-	(1) Of which equipment and real-estate finance lease payments: 2024 -
(2) Of which income arising from related entities:	(2) Of which income arising from related entities: Note	(2) Of which income arising from related entities: 20252,600	(2) Of which income arising from related entities: 2024 2,989
(3) Of which interest arising from related entities:	(3) Of which interest arising from related entities: Note	(3) Of which interest arising from related entities: 2025(209)	(3) Of which interest arising from related entities: 2024 (268)