Retirement benefit obligations comprise lump sums payable on retirement to VINCI SA personnel and supplementary retirement benefits in favour of certain Group employees or company officers in service. Retirement benefit obligations are calculated on the basis of the actuarial assumptions mentioned in Note 4, “Provisions”, page 421.
Obligations related to financial instruments are presented in section 5.2, “Market value of derivatives”, page 423.
Remuneration, including social security contributions, recognised in respect of members of the Group’s governance bodies, for the share borne by VINCI SA in 2025, breaks down as follows:
| (in € millions) | Members of the Executive Committee | Directors who are not members of the Executive Committee |
|---|---|---|
| Remuneration | Remuneration Members of the Executive Committee 18 |
Remuneration Directors who are not members of the Executive Committee - |
| Remuneration as Board members | Remuneration as Board members Members of the Executive Committee - |
Remuneration as Board members Directors who are not members of the Executive Committee 1 |
Retirement benefit obligations towards members of governance bodies, corresponding to rights vested at 31 December 2025, break down as follows:
| (in € millions) | Members of the Executive Committee | Directors who are not members of the Executive Committee |
|---|---|---|
| Retirement benefit obligations | Retirement benefit obligations Members of the Executive Committee 26 |
Retirement benefit obligations Directors who are not members of the Executive Committee - |
Governance body members also benefit from performance share plans.
| (number of people) | 31/12/2025 | 31/12/2024 |
|---|---|---|
| Clerical, technical and supervisory staff | Clerical, technical and supervisory staff 31/12/202569 |
Clerical, technical and supervisory staff 31/12/2024 68 |
| Managers and engineers | Managers and engineers 31/12/2025325 |
Managers and engineers 31/12/2024 304 |
| Total | Total31/12/2025394 | Total 31/12/2024 372 |
In addition to the above figures, 26 employees on average were seconded to VINCI SA by other Group entities, as opposed to 20 in 2024.
The Board of Directors reviewed and approved the financial statements for the year ended 31 December 2025 on 5 February 2026. These financial statements will only become definitive when approved at the Shareholders’ General Meeting to be held on 14 April 2026. A resolution will be put to shareholders in that meeting for the payment of a dividend of €5.00 per share in respect of 2025. Taking account of the interim dividend already paid in October 2025 (€1.05 per share), this means that the final dividend will be €3.95 per share, representing a total of around €2,193 million.
On 9 January 2026, VINCI SA exercised its second and final option to extend its revolving credit facility, which is now due to expire on 9 January 2031. This €6.5 billion credit facility was unused at 31 December 2025.
On 5 January 2026, as part of its share buy-back programme, VINCI signed a share purchase agreement with an investment services provider. Under that agreement, which is valid from 6 January until 25 March 2026 at the latest, the provider will purchase up to €600 million of VINCI shares on VINCI’s behalf. The price paid for those shares will not exceed the price determined in VINCI’s Combined Shareholders’ General Meeting of 17 April 2025.
The 2026 Finance Bill, which was adopted by the French Parliament on 2 February 2026, extends the exceptional contribution on corporate income tax for large companies for a further year. As a result, the VINCI Group anticipates a charge in 2026 of the same magnitude as that recorded in 2025.
