Danone 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	27,283	27,376	27,619	27,661	24,281
Revenue Growth (YoY)	-0.34%	-0.88%	-0.15%	13.92%	2.80%
Cost of Revenue	13,473	13,769	14,535	14,922	12,760
Gross Profit	13,810	13,607	13,084	12,739	11,521
Selling, General & Admin	9,564	9,500	9,036	8,931	7,843
Research & Development	479	447	398	339	338
Other Operating Expenses	102	150	159	86	5
Operating Expenses	10,145	10,097	9,593	9,356	8,186
Operating Income	3,665	3,510	3,491	3,383	3,335
Interest Expense	-498	-600	-513	-308	-323
Interest & Investment Income	301	-	-	155	156
Earnings From Equity Investments	92	30	36	-32	585
Other Non Operating Income (Expenses)	-110	220	156	-157	-95
EBT Excluding Unusual Items	3,450	3,160	3,170	3,041	3,658
Merger & Restructuring Charges	-	-322	-103	-419	-1,030
Impairment of Goodwill	-	-	-48	-400	-7
Gain (Loss) on Sale of Assets	-	310	-1,128	2	8
Asset Writedown	-	-51	-47	-258	-45
Other Unusual Items	-821	-68	-123	-165	-4
Pretax Income	2,629	3,029	1,721	1,801	2,580
Income Tax Expense	741	929	768	778	589
Earnings From Continuing Operations	1,888	2,100	953	1,023	1,991
Minority Interest in Earnings	-63	-79	-72	-64	-67
Net Income	1,825	2,021	881	959	1,924
Preferred Dividends & Other Adjustments	8	4	8	13	26
Net Income to Common	1,817	2,017	873	946	1,898
Net Income Growth	-9.70%	129.40%	-8.13%	-50.16%	-1.64%
Shares Outstanding (Basic)	643	643	641	639	646
Shares Outstanding (Diluted)	645	644	642	639	646
Shares Change (YoY)	0.11%	0.42%	0.35%	-1.08%	-0.54%
EPS (Basic)	2.83	3.14	1.36	1.48	2.94
EPS (Diluted)	2.82	3.13	1.36	1.48	2.94
EPS Growth	-9.90%	130.15%	-8.11%	-49.61%	-1.74%
Free Cash Flow	2,724	2,908	2,595	2,091	2,431
Free Cash Flow Per Share	4.22	4.51	4.04	3.27	3.76
Dividend Per Share	2.250	2.150	2.100	2.000	1.940
Dividend Growth	4.65%	2.38%	5.00%	3.09%	-
Gross Margin	50.62%	49.70%	47.37%	46.05%	47.45%
Operating Margin	13.43%	12.82%	12.64%	12.23%	13.73%
Profit Margin	6.66%	7.37%	3.16%	3.42%	7.82%
Free Cash Flow Margin	9.98%	10.62%	9.40%	7.56%	10.01%
EBITDA	5,020	4,363	4,750	4,254	4,146
EBITDA Margin	18.40%	15.94%	17.20%	15.38%	17.08%
D&A For EBITDA	1,355	853	1,259	871	811
EBIT	3,665	3,510	3,491	3,383	3,335
EBIT Margin	13.43%	12.82%	12.64%	12.23%	13.73%
Effective Tax Rate	28.19%	30.67%	44.63%	43.20%	22.83%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.