Valeo SE 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	20,903	21,492	22,044	20,037	17,262
Revenue Growth (YoY)	-2.74%	-2.50%	10.02%	16.08%	5.03%
Cost of Revenue	16,674	17,411	18,093	16,590	14,222
Gross Profit	4,229	4,081	3,951	3,447	3,040
Selling, General & Admin	979	1,066	1,114	946	843
Research & Development	2,039	2,061	2,045	1,907	1,505
Other Operating Expenses	12	-	-	-	-
Operating Expenses	3,030	3,127	3,159	2,853	2,348
Operating Income	1,199	954	792	594	692
Interest Expense	-256	-344	-341	-187	-124
Interest & Investment Income	-	112	97	58	65
Earnings From Equity Investments	-20	12	17	115	-243
Currency Exchange Gain (Loss)	-	3	14	-21	2
Other Non Operating Income (Expenses)	-73	-19	3	1	28
EBT Excluding Unusual Items	850	718	582	560	420
Merger & Restructuring Charges	-156	-305	-90	-31	-30
Gain (Loss) on Sale of Investments	-	-2	-33	28	77
Gain (Loss) on Sale of Assets	-	91	-	-	-10
Asset Writedown	-234	-126	12	-16	8
Legal Settlements	-	-11	-8	-25	-23
Other Unusual Items	-	-32	-9	-7	-
Pretax Income	460	333	454	509	442
Income Tax Expense	205	99	154	214	197
Earnings From Continuing Operations	255	234	300	295	245
Minority Interest in Earnings	-55	-72	-79	-65	-70
Net Income	200	162	221	230	175
Net Income to Common	200	162	221	230	175
Net Income Growth	23.46%	-26.70%	-3.91%	31.43%	-
Shares Outstanding (Basic)	247	243	243	241	241
Shares Outstanding (Diluted)	247	245	245	244	244
Shares Change (YoY)	0.93%	-	0.46%	-0.34%	2.07%
EPS (Basic)	0.81	0.67	0.91	0.95	0.73
EPS (Diluted)	0.81	0.66	0.90	0.94	0.72
EPS Growth	22.73%	-26.67%	-4.25%	30.56%	-
Free Cash Flow	-	1,549	1,498	1,101	878
Free Cash Flow Per Share	-	6.33	6.12	4.52	3.59
Dividend Per Share	0.440	0.420	0.400	0.380	0.350
Dividend Growth	4.76%	5.00%	5.26%	8.57%	16.67%
Gross Margin	20.23%	18.99%	17.92%	17.20%	17.61%
Operating Margin	5.74%	4.44%	3.59%	2.96%	4.01%
Profit Margin	0.96%	0.75%	1.00%	1.15%	1.01%
Free Cash Flow Margin	-	7.21%	6.79%	5.50%	5.09%
EBITDA	2,232	1,987	1,958	1,739	1,721
EBITDA Margin	10.68%	9.25%	8.88%	8.68%	9.97%
D&A For EBITDA	1,033	1,033	1,166	1,145	1,029
EBIT	1,199	954	792	594	692
EBIT Margin	5.74%	4.44%	3.59%	2.96%	4.01%
Effective Tax Rate	44.56%	29.73%	33.92%	42.04%	44.57%

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