Havas Income Statement

Financials in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	2,913	2,863	2,872	2,765	2,341
Revenue Growth (YoY)	1.75%	-0.31%	3.87%	18.11%	2.86%
Cost of Revenue	2,017	1,978	2,010	1,931	1,605
Gross Profit	896	885	862	834	736
Selling, General & Admin	2	2	2	-	1
Other Operating Expenses	435	439	423	374	374
Operating Expenses	547	559	549	519	493
Operating Income	349	326	313	315	243
Interest Expense	-10	-21	-21	-19	-25
Interest & Investment Income	-	2	8	10	5
Currency Exchange Gain (Loss)	-14	-1	-4	1	2
Other Non Operating Income (Expenses)	-5	-7	-5	2	-21
EBT Excluding Unusual Items	320	299	291	309	204
Merger & Restructuring Charges	-22	-29	-19	-17	-5
Impairment of Goodwill	-2	5	2	6	-3
Asset Writedown	7	11	12	-18	3
Other Unusual Items	-3	-8	-7	-7	-5
Pretax Income	300	278	279	273	194
Income Tax Expense	90	89	95	80	58
Earnings From Continuing Operations	210	189	184	193	136
Minority Interest in Earnings	-21	-16	-17	-22	-23
Net Income	189	173	167	171	113
Net Income to Common	189	173	167	171	113
Net Income Growth	9.25%	3.59%	-2.34%	51.33%	-36.16%
Shares Outstanding (Basic)	99	99	99	43	43
Shares Outstanding (Diluted)	99	100	99	43	43
Shares Change (YoY)	-1.10%	1.04%	132.74%	-	1.78%
EPS (Basic)	1.92	1.74	1.68	4.01	2.65
EPS (Diluted)	1.90	1.73	1.68	4.01	2.65
EPS Growth	9.83%	2.74%	-58.04%	51.33%	-37.28%
Free Cash Flow	332	213	311	333	306
Free Cash Flow Per Share	3.35	2.13	3.14	7.81	7.18
Dividend Per Share	0.800	0.800	-	-	-
Gross Margin	30.76%	30.91%	30.01%	30.16%	31.44%
Operating Margin	11.98%	11.39%	10.90%	11.39%	10.38%
Profit Margin	6.49%	6.04%	5.82%	6.18%	4.83%
Free Cash Flow Margin	11.40%	7.44%	10.83%	12.04%	13.07%
EBITDA	390	374	369	363	289
EBITDA Margin	13.39%	13.06%	12.85%	13.13%	12.35%
D&A For EBITDA	41	48	56	48	46
EBIT	349	326	313	315	243
EBIT Margin	11.98%	11.39%	10.90%	11.39%	10.38%
Effective Tax Rate	30.00%	32.01%	34.05%	29.30%	29.90%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.