2025 Universal Registration Document

General and financial elements

E. Subsidiaries and affiliates at 31 December 2025

The information in the following table reflects only the individual financial statements of the subsidiaries.

The information in the following table reflects only the individual financial statements of the subsidiaries.
(in € millions) Equity Share of capital held Carrying amount of shares held Net amount of loans and advances made by VINCI Sureties and guarantees given by VINCI Revenue excl. tax in the last financial year Net income/ (loss) in the last financial year Dividends received by VINCI in the last financial year
      Gross Net          
A – Subsidiaries
(at least 50%-owned by VINCI)
1 – Detailed information for each subsidiary
VINCI Concessions

14,738

100%

9,636

9,636

- - 149 891 -
VINCI Construction 2,854 100% 2,347

2,347

- - - 872

527

VINCI Energies

1,625

99,35%

1,042

1,042 444 - 188 433

377

VINCI Immobilier

276

100%

261

261

108

- 2

78

-
VINCI Colombia 42 100% 70 43 - - - (0) -
Hébert-Les Groues

117

100%

154

154

352

-

28

(6)

-
Césaire-Les Groues

19

100%

26

26

58

-

5

(1)

-
Aviso

9

100%

17

9

- -

74

3

-
VINCI Deutschland

382

100%

54

54

- - -

168

135

VINCI Finance International

5,444

100%

4,789

4,789

60

- -

132

183

Cobra IS

1,186

100%

5,371

5,371

- -

447

388

-
VINCI Re

35

100%

35

35

- -

23

- -
2 – Aggregate information for subsidiaries not included in section 1
Subsidiaries (in aggregate) - -

40

24

- - - -

7

Total subsidiaries - -

23,842

23,791

1,021

- - -

1,229

B – Affiliates
(10%- to 50%-owned by VINCI)
1 – Detailed information for each affiliate
VINCI Autoroutes

11,462

45,91%

5,909

5,259

5,500

-

8

1,999

685

NatPower

(5)

15%

34

34

0

- 2

(13)

-
2 – Aggregate information for affiliates not included in section 1
Affiliates (in aggregate) - -

0

0

- - - - -
Total affiliates - -

5,943

5,293

5,500

- - -

685

Total subsidiaries and affiliates (A + B) - -

29,784

29,084

6,521

- - -

1,914

NB: The revenue and net income of foreign subsidiaries and affiliates are translated at exchange rates at 31 December.