Slides
Page 1
February 13, 2026 FY 2025 Results
Page 2
FY 2025 Results | February 13, 2026 © Capgemini 2026. All rights reserved | 2 Disclaimer This presentation may contain forward-looking statements. Such statements may include projections, estimates, assumptions, statements regarding plans, objectives, intentions and/or expectations with respect to future financial results, events, operations and services and product development, as well as statements, regarding future performance or events. Forward-looking statements are generally identified by the words “expects”, “anticipates”, “believes”, “intends”, “estimates”, “plans”, “projects”, “may ”, “would”, “should” or the negatives of these terms and similar expressions. Although Capgemini’s management currently believes that the expectations reflected in such forward- looking statements are reasonable, investors are cautioned that forward-looking statements are subject to various risks and uncertainties (including without limitation risks identified in Capgemini’s Universal Registration Document available on Capgemini’s website), because they relate to future events and depend on future circumstances that may or may not occur and may be different from those anticipated, many of which are difficult to predict and generally beyond the control of Capgemini. Actual results and developments may differ materially from those expressed in, implied by or projected by forward-looking statements. Forward-looking statements are not intended to and do not give any assurances or comfort as to future events or results. Other than as required by applicable law, Capgemini does not undertake any obligation to update or revise any forward-looking statement. This presentation does not contain or constitute an offer of securities for sale or an invitation or inducement to invest in securities in France, the United States or any other jurisdiction.
Page 3
Chief Executive Officer Aiman EZZAT
Page 4
FY 2025 Results | February 13, 2026 © Capgemini 2026. All rights reserved | 4 2025 performance above or in line with targets €24,356m Bookings 1.08 Book to Bill 13.3% Operating Margin stable €22,465m Revenues +3.4% cc YoY €12.95 Normalized EPS €3.40 Dividend per share stable €1,949m Organic FCF stable +5.8% YoY
Page 5
FY 2025 Results | February 13, 2026 © Capgemini 2026. All rights reserved | 5 Growth accelerated throughout 2025 across geographies, businesses and sectors Sectors Financial Services +9.2% Q4: +20.4% Public Sector +4.0% Q4: +8.6% Manufacturing -2.1% Q4: +4.2% FY YoY Constant Currency Revenue Growth Q4 Constant Currency Revenue Growth North America +7.3% Q4: +19.9% UK & Ireland +10.5% Q4: +21.8% France -4.1% Q4: -1.9% Rest of Europe -0.7% Q4: +3.3% Asia Pacific & Latin America +13.8% Q4: +23.9% Businesses Strategy & Transformation +2.4% Q4: +6.0% Applications & Technology +4.6% Q4: +7.4% +4.9% Q4: +20.8% Operations & Engineering
Page 6
FY 2025 Results | February 13, 2026 © Capgemini 2026. All rights reserved | 6 2025 ESG policy achievements Environment Social Governance -94% Scope 1 & 2 emissions Reduction vs. 2019 baseline 40.5% Gender Balance Women in global workforce +0.8pts vs. 2024 30.5% Gender Balance in Leadership Women among Group’s executive leaders +1.5pts vs. 2024 8.5M Digital inclusion Digital inclusion beneficiaries +1M vs. 2024 -70% Business Travel Emissions Reduction per employee vs. 2019 baseline 97 Learning Learning hours per employee +20% vs. 2024 72% Procurement Capgemini spend covered by ESG standard compliant suppliers +32pts vs. 2023 Cybersecurity CyberVadis score +13pts vs. 2024 (out of 1000) 100% Transition to Renewable Share of renewable electricity +2.0pts vs. 2024 990
Page 7
FY 2025 Results | February 13, 2026 © Capgemini 2026. All rights reserved | 7 Organizations are increasing their AI investments with a focus on long-term value Few players can shape AI foundations or industrialize it at a global scale: Capgemini does both Shift from AI hype to AI realism accelerates Priorities for 2026 GenAI bookings > 8% of Capgemini’s FY 2025 bookings > 10% of Capgemini’s Q4 2025 bookings Shaping what’s next Building AI industry solutions Powered by hyperscalers & embedded across core enterprise platforms AI is now a table stake to enter the market as a services provider Delivery Accelerating adoption of our AI platforms to drive efficiency and scalability AI-powered solutions Operations Capgemini’s own AI-powered intelligence platform Workforce upskilling 310k talents trained on GenAI 50k badges delivered by hyperscalers 194k talents trained on Agentic AI Building AI ecosystems plays with industry focus Powering existing solutions with AI Focus on human-AI collaboration Strengthen data, infrastructure, governance and trust foundations2 3 Move to enterprise-wide AI execution1
Page 8
FY 2025 Results | February 13, 2026 © Capgemini 2026. All rights reserved | 8 Client demand on Intelligent Operations confirmed The challenge The ambition Intelligent Operations deals Strong interest from clients Focusing on end-to-end business processes across all enterprise functions End-to-end strategic value creation With enhanced cost efficiencies and significant business outcomes: - Growth - Speed to market - Customer experience Multiple functions and end-to-end, industry-specific processes Value-based Non-FTE & Outcome-based commercial models Go-to-market aligned with WNS: joint pipeline of 100+ opportunities Reshape and run Agentic AI-powered business operations Largest showcase of the value of Agentic AI Transformation capabilities, frameworks and ready to use assets, leveraging WNS Large Intelligent Operations deals in pursuit
Page 9
FY 2025 Results | February 13, 2026 © Capgemini 2026. All rights reserved | 9 Reinforces position on this attractive market with Cloud4C acquisition Leveraging our core partners to double down on sovereignty, accelerating our GTM Sovereignty demand driven by AI, privacy regulations and geopolitical tensions SAP-Capgemini Sovereign Technology Partnership Data management and sovereign cloud operations platform, leveraging Syniti and Cloud4C expertise in data migration and automation • Hyper-automated, AI-ready, locally governed cloud operations • Sovereign-compliant monitoring, disaster recovery, cybersecurity and continuity • Specialization in industry and sovereign compliance frameworks Sovereign cloud solutions suite Over 50% of services contracts will include sovereignty requirements by 2029, up from 5% in 2025* Ongoing creation of a European-hosted mirror platform to operate our customers’ sovereign workloads
Page 10
FY 2025 Results | February 13, 2026 © Capgemini 2026. All rights reserved | 10 2026 Outlook Around +6.5% up to +8.5% Revenue Growth 13.6% to 13.8% Operating Margin Around €1.8bn to €1.9bn Organic FCF at constant exchange rates Inorganic contribution estimated at around 4.5 to 5 points Taking into account an increase in restructuring cash outflow of around €200 million compared to 2025 related to the Fit-for-growth initiatives
Page 11
Nive BHAGAT Chief Financial Officer
Page 12
FY 2025 Results | February 13, 2026 © Capgemini 2026. All rights reserved | 12 FY 2024 FY 2025 Variation Constant Currency Growth Revenues 22,096 22,465 +1.7% +3.4% Operating expenses -19,162 -19,482 Operating margin 2,934 2,983 +1.7% (in % of revenues) 13.3% 13.3% 0.0pt Other operating income and expenses -578 -784 Operating profit 2,356 2,199 -6.7% (in % of revenues) 10.7% 9.8% -0.9pts Net financial income / expense 13 -30 Income tax -681 -534 Share of profit of associates, joint ventures & non-controlling interests -17 -34 Net profit (Group share) 1,671 1,601 -4.2% (in % of revenues) 7.6% 7.1% -0.5pts Basic EPS in € 9.82 9.46 -3.7% Normalized EPS in € 12.23 12.95 +5.8% Organic free cash flow 1,961 1,949 -12 Financial Overview Note: all alternative performance measures (constant currency growth, operating margin, organic free cash flow, normalized EPS and net debt) are defined in Appendix Stable Stable
Page 13
FY 2025 Results | February 13, 2026 © Capgemini 2026. All rights reserved | 13 -3.3% -1.9% -1.6% -1.1% -0.4% +0.7% +2.9% +10.6% Quarterly Revenue Growth Constant currency growth YOY (in %) Constant Currency Growth Q4: +10.6% YoY FY: +3.4% YoY in € m 5,527 5,611 5,377 5,581 5,553 5,554 5,393 5,965 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2025 Q2 2025 Q3 2025 Q4 2025 FY 2025 Constant Currency -0.4% +0.7% +2.9% +10.6% +3.4% Currencies +0.9pts -1.7pts -2.6pts -3.7pts -1.7pts Reported +0.5% -1.0% +0.3% +6.9% +1.7% Year-on-Year
Page 14
FY 2025 Results | February 13, 2026 © Capgemini 2026. All rights reserved | 14 23.9 23.8 24.4 FY 2023 FY2024 FY2025 5.9 6.1 5.2 7.2 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Book-to-Bill 1.06 1.08 1.08 Bookings Bookings & Book-to-Bill Quarterly Full-Year in € bn in € bn Book-to-Bill 1.06 1.10 0.96 1.21 Bookings +2.8% +1.5% +1.5% +9.1% Constant currency growth YOY (in %) Constant currency growth YOY (in %) +2.6% -0.5% +3.9%
Page 15
FY 2025 Results | February 13, 2026 © Capgemini 2026. All rights reserved | 15 +4.2% +20.4% +8.6% +6.8% +13.9% +9.9% +17.9% -2.1% +9.2% +4.0% +1.5% +7.7% +4.3% +3.3% Revenues by Sector Manufacturing Financial Services Public Sector Consumer Goods & Retail Telcos, Media & Technology Energy & Utilities Services Year-on-year revenue growth at constant currency 15%22% 12%13%25% 8% 5%in % of FY25 Group revenues FY 2025 Q4 2025
Page 16
FY 2025 Results | February 13, 2026 © Capgemini 2026. All rights reserved | 16 Revenues & Operating Margin By Region North America APAC & LATAMRest of EuropeUK & Ireland France 13% 19% 9%30%29% FY 2025 Operating Margin Revenues in € m, year-on-year revenue growth at constant currency in % of FY25 Group revenues FY 2025 Revenues Q4 2025 Revenues 1,708 791 1,094 1,802 570 5,965 +19.9% +21.8% -1.9% +3.3% +23.9% +10.6% 6,371 3,008 4,199 6,828 2,059 22,465 +7.3% +10.5% -4.1% -0.7% +13.8% +3.4% 16.9% 18.0% 10.9% 11.4% 12.6% 13.3% +0.4pts -1.7pts +0.7pts -0.6pts +0.2pts +0.0ptsStable
Page 17
FY 2025 Results | February 13, 2026 © Capgemini 2026. All rights reserved | 17 Revenues by Business Strategy & Transformation Operations & Engineering Applications & Technology Operations & Engineering Strategy & Transformation Applications & Technology Year-on-year revenue growth at constant currency in % of FY25 Group revenues Note: activity trends by business are calculated based on Total Revenues, i.e. before elimination of inter-business billing (see definitions in the Appendix section) FY 2025 Q4 2025 8% 63% 29% +6.0% +7.4% +20.8% +2.4% +4.6% +4.9%
Page 18
FY 2025 Results | February 13, 2026 © Capgemini 2026. All rights reserved | 18 Headcount Evolution Last-12-Months Attrition (2)Headcount Evolution (1) Dec. 2024 Net variation Net variation Dec. 2025 Offshore Onshore +82,300 Stable 423,400 +24% 341,100 14.9% -0.8pts (1) Primarily reflecting the integration of WNS team members (2) Before integration of WNS data which will be taken into account from 2026 onwards
Page 19
FY 2025 Results | February 13, 2026 © Capgemini 2026. All rights reserved | 19 in € m FY 2024 FY 2025 Revenues 22,096 22,465 Cost of services rendered -16,044 -16,390 in % of revenues -72.6% -72.9% Gross margin 6,052 6,075 in % of revenues 27.4% 27.1% Selling expenses -1,634 -1,611 in % of revenues -7.4% -7.2% General & administrative expenses -1,484 -1,481 in % of revenues -6.7% -6.6% Operating margin 2,934 2,983 in % of revenues 13.3% 13.3% Operating Margin Analysis
Page 20
FY 2025 Results | February 13, 2026 © Capgemini 2026. All rights reserved | 20 in € m FY 2024 FY 2025 Interest on bonds -100 -121 Other interest income and expense 160 114 Net interest expense 60 -7 Other financial income and expenses -47 -23 Net financial income / expense 13 -30 Net Financial Result & Income Tax in € m FY 2024 FY 2025 Income tax -681 -534 Effective tax rate 28.8% 24.6%
Page 21
FY 2025 Results | February 13, 2026 © Capgemini 2026. All rights reserved | 21 in € m FY 2024 FY 2025 Variation Operating margin 2,934 2,983 +1.7% Other operating income and expenses -578 -784 Restructuring costs -124 -205 Amortization of intangible assets acquired through business combinations -125 -138 Acquisition and integration costs -52 -97 Expenses relating to share grants -231 -245 Expenses relating to employee share ownership plan -59 -43 Others 13 -56 Operating profit 2,356 2,199 -6.7% Net financial income / expense 13 -30 Income tax expense -681 -534 Share of profit of associates and joint ventures -11 -28 Non-controlling interests -6 -6 Net profit (Group share) 1,671 1,601 -4.2% Average number of shares 170,201,409 169,347,632 Basic EPS - in € 9.82 9.46 -3.7% Normalized EPS (non diluted) - in € 12.23 12.95 +5.8% Net Profit Analysis
Page 22
FY 2025 Results | February 13, 2026 © Capgemini 2026. All rights reserved | 22 Organic Free Cash Flow Organic FCF Net Debt € 1,949m vs € 1,961m in FY 2024 € 5.3bn as of Dec 31, 2025 vs € 2.1bn as of Dec 31, 2024 Organic FCF Evolution in € m (1) After the unwinding of the €225 million Altran factoring program (2020) 1,071 1,080 1,160 1,288 1,119 1,873 1,852 1,963 1,961 1,949 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 (1)
Page 23
Aiman EZZAT Chief Executive Officer Nive BHAGAT Chief Financial Officer Q&A
Page 24
Appendix
Page 25
FY 2025 Results | February 13, 2026 © Capgemini 2026. All rights reserved | 25 Appendix - Index 1. Alternative Performance Measures 2. Revenue Quarterly Evolution 3. Q4 & FY 2025 Revenues by Region 4. Operating Margin by Region 5. Operating Margin – Analysis by Nature of Costs 6. Attrition, Utilization & Offshore Leverage 7. Net Cash Evolution (Chart) 8. Net Cash Evolution (Table) 9. Cash Flow Statement 10. Balance Sheet 11. Comprehensive Income & Change in Equity 12. Bond Debt Maturity Profile 13. ESG Policy Indicators
Page 26
FY 2025 Results | February 13, 2026 © Capgemini 2026. All rights reserved | 26 Alternative Performance Measures ▐ Year-on-year revenue growth at constant exchange rates is calculated by comparing revenues for the reported period with those of the same period of the previous year restated with the exchange rates of the reported period. ▐ When determining activity trends by business and in accordance with internal operating performance measures, growth at constant exchange rates is calculated based on total revenues, i.e., before elimination of inter-business billing. The Group considers this to be more representative of activity levels by business. As its business evolves, an increasing number of contracts require the combination of different business lines' expertise, leading to an increase in inter-business flows. ▐ Operating margin is one of the Group’s key performance indicators. It is equal to revenues less operating expenses. It is calculated before “Other operating income and expenses” which include amortization of intangible assets recognized in business combinations, expenses related to share-based compensation (including social security contributions and employer contributions) and employee share ownership plan, and non-recurring revenues and expenses, notably impairment of goodwill, negative goodwill, capital gains or losses on disposals of consolidated companies or businesses, restructuring costs incurred under a detailed formal plan approved by the Group’s management, acquisition costs, costs of integrating companies acquired by the Group including earn-outs comprising conditions of presence, and the effects of curtailments, settlements and transfers of defined benefit pension plans. ▐ Normalized earnings per share is calculated by dividing normalized profit or loss attributable to owners of the Company by the weighted average number of ordinary shares outstanding during the period, excluding treasury shares. Normalized net profit or loss is equal to profit for the period attributable to owners of the Company corrected for the impact of items recognized in other operating income and expenses, net of tax calculated using the effective tax rate. ▐ Organic free cash flow is calculated based on items in the Statement of Cash Flows and is equal to cash flow from operations less acquisitions of property, plant, equipment and intangible assets (net of disposals), lease liability repayments and adjusted for flows relating to the net interest cost. ▐ Net debt or net cash comprises (i) cash and cash equivalents, as presented in the Consolidated Statement of Cash Flows (consisting of short-term investments and cash at bank) less bank overdrafts, and also including (ii) cash management assets (assets presented separately in the Consolidated Statement of Financial Position due to their characteristics), less (iii) short- and long-term borrowings. Account is also taken of (iv) the impact of hedging instruments when these relate to borrowings, intercompany loans and own shares.
Page 27
FY 2025 Results | February 13, 2026 © Capgemini 2026. All rights reserved | 27 Revenue Quarterly Evolution Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Revenues (in € m) 5,527 5,611 5,377 5,581 5,553 5,554 5,393 5,965 Year-on-Year organic growth -3.6% -2.3% -2.1% -1.5% -1.7% -0.4% +1.7% +1.7% Year-on-Year CC growth -3.3% -1.9% -1.6% -1.1% -0.4% +0.7% +2.9% +10.6% Year-on-Year CC growth by Region North America -7.1% -3.7% -3.9% -1.6% +0.8% +2.4% +7.0% +19.9% UK & Ireland -3.2% -2.5% +0.4% +1.5% +3.9% +8.0% +9.0% +21.8% France -2.8% -2.7% -2.5% -5.8% -4.9% -5.0% -4.7% -1.9% Rest of Europe -0.5% +0.4% +0.6% +0.1% -2.3% -2.3% -1.5% +3.3% APAC & LATAM -1.7% -1.6% -2.2% +4.6% +7.6% +9.7% +13.6% +23.9% Year-on-Year CC growth by Sector Financial Services -7.3% -5.4% -1.3% +2.0% +2.0% +5.5% +8.5% +20.4% Energy & Utilities +2.5% +0.9% +0.1% -2.2% +2.5% +2.3% +2.3% +9.9% Manufacturing -1.5% -1.1% -3.4% -6.1% -5.9% -4.0% -2.6% +4.2% Consumer Goods & Retail -3.8% -3.2% -5.2% +1.3% -1.5% -1.3% +1.8% +6.8% Public Sector +2.4% +3.6% +3.9% +2.9% +2.7% +1.4% +3.4% +8.6% Telco, Media & Technology -11.1% -5.6% -3.0% +0.6% +3.8% +5.5% +7.2% +13.9% Services -2.3% +0.2% -0.7% -5.2% -1.8% -1.7% -0.5% +17.9% Year-on-Year CC growth by Business Strategy & Transformation +1.6% +3.7% +6.5% +1.1% +1.2% +1.4% +0.7% +6.0% Applications & Technology -4.0% -2.9% -1.2% -0.2% +1.9% +3.2% +5.7% +7.4% Operations & Engineering -3.0% -0.5% -3.4% -1.5% -2.6% -0.4% +1.3% +20.8% Year-on-Year reported growth -3.5% -1.5% -1.9% -0.6% +0.5% -1.0% +0.3% +6.9%
Page 28
FY 2025 Results | February 13, 2026 © Capgemini 2026. All rights reserved | 28 Q4 & FY 2025 Revenues by Region Q4 2024 Q4 2025 FY 2024 FY 2025 (in €m) (in €m) Reported Constant Currency (in €m) (in €m) Reported Constant Currency North America 1,550 1,708 +10.1% +19.9% 6,188 6,371 +3.0% +7.3% UK & Ireland 683 791 +15.8% +21.8% 2,753 3,008 +9.3% +10.5% France 1,116 1,094 -1.9% -1.9% 4,380 4,199 -4.1% -4.1% Rest of Europe 1,735 1,802 +3.8% +3.3% 6,851 6,828 -0.3% -0.7% APAC & LATAM 497 570 +14.7% +23.9% 1,924 2,059 +7.0% +13.8% TOTAL 5,581 5,965 +6.9% +10.6% 22,096 22,465 +1.7% +3.4% Variation Year-on-Year Variation Revenues Year-on-Year Revenues
Page 29
FY 2025 Results | February 13, 2026 © Capgemini 2026. All rights reserved | 29 Operating Margin by Region Revenues Revenues (in € m) (in € m) (%) (in € m) (in € m) (%) North America 6,188 1,022 16.5% 6,371 1,080 16.9% UK & Ireland 2,753 542 19.7% 3,008 540 18.0% France 4,380 445 10.2% 4,199 458 10.9% Rest of Europe 6,851 823 12.0% 6,828 776 11.4% APAC & LATAM 1,924 238 12.4% 2,059 260 12.6% Not allocated -136 -131 TOTAL 22,096 2,934 13.3% 22,465 2,983 13.3% FY 2024 FY 2025 Operating Margin Operating Margin
Page 30
FY 2025 Results | February 13, 2026 © Capgemini 2026. All rights reserved | 30 FY 2024 FY 2025 Revenues 22,096 22,465 Personnel costs -15,134 -15,296 in % of revenues -68.6% -68.1% Purchases and subcontracting expenses -2,880 -3,083 in % of revenues -13.0% -13.7% Travel expenses -293 -318 in % of revenues -1.3% -1.4% Rent, facilities and local taxes -209 -207 in % of revenues -0.9% -0.9% Depreciation, amortization, provisions and proceeds from asset disposals -646 -578 in % of revenues -2.9% -2.6% Total operating expenses -19,162 -19,482 in % of revenues -86.7% -86.7% Operating margin 2,934 2,983 in % of revenues 13.3% 13.3% Operating Margin – Analysis by Nature of Costs in € m
Page 31
FY 2025 Results | February 13, 2026 © Capgemini 2026. All rights reserved | 31 Attrition, Utilization & Offshore Leverage Strategy & Transformation Operations & EngineeringApplications & Technology Utilization Rate Utilization Rate LTM Attrition*LTM Attrition* LTM Attrition* Group Offshore 67% 69% 69% 69% 67% 69% 68% 71% Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 79% 80% 80% 81% 79% 80% 79% 79% Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 66% * Before integration of WNS data which will be taken into account from 2026 onwards 15.6% +0.6pts 14.5% -0.5pts 15.5% -1.5pts
Page 32
FY 2025 Results | February 13, 2026 © Capgemini 2026. All rights reserved | 32 -2,107 -5,306 +1,949 -1,122 -3,775 +26 -277 +2,983 +519 -296 -474 -242 -15 -222 -304 Organic FCF Returns to shareholders M&A Others FX NET DEBT (Dec 31, 2024) NET DEBT (Dec 31, 2025) Operating margin Amortization & Provisions Lease debt repayment Tax paid Working capital Net Interests Capex net Others Net Cash Evolution in € m 0 Previous Year -2,047 +2,934 +520 -292 -521 -214 +37 -310 -193 +1,961 -1,555 -827 +257 +104 -2,107
Page 33
FY 2025 Results | February 13, 2026 © Capgemini 2026. All rights reserved | 33 FY 2024 FY 2025 Profit for the period 1,677 1,607 Depreciation, amortization and impairment of fixed assets and right-of-use 683 698 Change in provisions -61 -16 Losses on disposals of assets and others 27 23 Net finance costs -60 7 Income tax expense / (income) 681 534 Other non-cash items 314 345 Cash flows from operations before net finance costs and income tax 3,261 3,198 Income tax paid -521 -474 Change in restructuring debt -8 -4 Changes in operating working capital -206 -238 Operating cash flows (A) 2,526 2,482 Capital expenditure (net of proceeds) (B) -310 -222 Cash outflows on business combinations net of cash acquired -827 -3,775 Increase in share capital 413 297 Dividends paid -584 -581 Net payments relating to treasury shares transactions -989 -543 Change in debt -138 -269 Interest paid & received (C) 37 -15 Repayment of lease debt (D) -292 -296 Translation, perimeter changes & other 104 -277 Change in net cash and cash equivalents -60 -3,199 Opening Net Cash / (Debt) -2,047 -2,107 Closing Net Cash / (Debt) -2,107 -5,306 Organic Free Cash Flow (A) + (B) + (C) + (D) 1,961 1,949 Net Cash Evolution in € m
Page 34
FY 2025 Results | February 13, 2026 © Capgemini 2026. All rights reserved | 34 In € m FY 2024 FY 2025 Profit for the period attributable to owners of the Company 1,671 1,601 Non-controlling interests 6 6 Depreciation, amortization and impairment of fixed assets and lease right-of-use assets 683 698 Change in provisions -61 -16 (Gains) / Losses on disposals of assets & others 27 23 Expenses relating to share based compensation 214 223 Expenses relating to employee ownership plan 59 43 Net finance costs -60 7 Income tax (income) expense 681 534 Unrealized (gains) losses on changes in fair value and other financial items 41 79 Cash flows from operations before net finance costs and income tax (A) 3,261 3,198 Income tax paid (B) -521 -474 Change in trade receivables, contract assets net of liabilities and contract costs -14 66 Change in accounts and notes payable 49 -92 Change in other receivables/payables -249 -216 Change in operating working capital (C) -214 -242 NET CASH FROM (USED lN) OPERATING ACTIVITIES (D=A+B+C) 2,526 2,482 Acquisitions of property, plant and equipment and intangible assets -315 -287 Proceeds from disposals of property, plant and equipment and intangible assets 5 65 Acquisitions of property, plant and equipment and intangible assets, net of disposals -310 -222 Cash (outflows) inflows on business combinations net of cash and cash equivalents acquired -827 -3,775 Cash (outflows) inflows in respect of cash management assets -100 123 Other cash (outflows) inflows, net -100 -148 Cash (outflows) inflows from investing activities -1,027 -3,800 NET CASH USED IN INVESTING ACTIVITIES (E) -1,337 -4,022 Proceeds from issues of share capital 413 297 Dividends paid -584 -581 Net payments relating to transactions in Capgemini SE shares -989 -543 Proceeds from borrowings 847 7,284 Repayments of borrowings -1,448 -4,337 Repayment of lease liabilities -292 -296 Interest paid -170 -168 Interest received 207 153 NET CASH FROM (USED IN) FINANCING ACTIVITIES (F) -2,016 1,809 NET INCREASE (DECREASE) lN CASH AND CASH EQUIVALENTS (G=D+E+F) -827 269 Effect of exchange rate movements on cash and cash equivalents (H) 97 -242 CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD (I) 3,517 2,787 CASH AND CASH EQUIVALENTS AT END OF PERIOD (G+H+I) 2,787 2,814 Cash Flow Statement
Page 35
FY 2025 Results | February 13, 2026 © Capgemini 2026. All rights reserved | 35 Dec. 31, 2024 Dec. 31, 2025 Dec. 31, 2024 Dec. 31, 2025 Equity (1) 11,775 11,648 Non-controlling interests 22 24 Total equity 11,797 11,672 Goodwill 12,343 14,858 Long-term borrowings 4,281 7,451 Intangible assets 837 1,105 Deferred taxes 267 292 Property, plant & equipment 755 763 Provisions for pensions (2) 309 339 Lease right-of-use assets 862 1,052 Non-current provisions 274 251 Deferred taxes 579 636 Non-current lease liabilities 671 857 Other non-current assets 976 1,150 Other non-current liabilities 352 343 Total non-current assets 16,352 19,564 Total non-current liabilities 6,154 9,533 Trade receivables 5,219 5,466 Short-term borrowings and bank overdrafts 863 887 Current tax receivables 169 145 Accounts and notes payable 4,693 4,609 Other current assets 863 853 Contract liabilities (3) 1,392 1,527 Cash management assets 268 218 Current provisions 109 81 Cash and cash equivalents 2,789 2,814 Current tax liabilities 153 166 Current lease liabilities 262 263 Other current payables 237 322 Total current assets 9,308 9,496 Total current liabilities 7,709 7,855 Total Assets 25,660 29,060 Total Equity & Liabilities 25,660 29,060 ASSETS EQUITY & LIABILITIES Balance Sheet (1) attributable to owners of the company (2) and other post-employment benefits (3) previously named "advances from customers and billed in advance" in € m in € m
Page 36
FY 2025 Results | February 13, 2026 © Capgemini 2026. All rights reserved | 36 Translation adjustments Other At January 1, 2025 171,347,471 1,371 3,192 -230 7,559 180 -297 11,775 22 11,797 Dividends paid out for 2024 -578 -578 -578 Incentive instruments and employee share ownership 2,700,000 22 276 227 61 586 586 Elimination of treasury shares -543 -2 -545 -545 Capital reduction -4,118,800 -33 -486 519 0 0 Transactions with minority shareholders and others 1 1 1 Non-controlling interest share in dividend distributions of subsidiaries 0 -3 -3 Transactions with shareholders -1,418,800 -11 -210 203 -518 0 0 -536 -3 -539 Income and expense recognized in equity -1,205 13 -1,192 -1 -1,193 Profit for the period 1,601 1,601 6 1,607 At December 31, 2025 169,928,671 1,360 2,982 -27 8,642 -1,025 -284 11,648 24 11,672 Total income and expense recognized in equity Equity (attributable to owners of the Company) Non-controlling interests Total equityNumber of shares Share capital Additional paid-in capital Treasury shares Consolidated retained earnings and other reserves FY 2024 FY 2025 Actuarial gains and losses on defined benefit pension plans, net of tax (1) 66 117 Remeasurement of hedging derivatives and NIH, net of tax (2) -10 -101 Translation adjustments (2) 443 -1,206 Other, net of tax (1) 0 -3 OTHER ITEMS OF COMPREHENSIVE INCOME 499 -1,193 Profit for the period (reminder) 1,677 1,607 Total comprehensive income for the period 2,176 414 Attributable to: Owners of the Company 2,169 409 Non-controlling interests 7 5 Comprehensive Income & Change in Equity in € m in € m (1) Other items of comprehensive income that will not be reclassified subsequently to profit or loss (2) Other items of comprehensive income that may be reclassified subsequently to profit or loss
Page 37
FY 2025 Results | February 13, 2026 © Capgemini 2026. All rights reserved | 37 Bond Debt Maturity Profile 800 800 1,000 500 500 1,000 800 1,250 1,200 1,250 Jun-25 Apr-26 Sep-27 Apr-28 Sep-28 Apr-29 Jun-30 Sep-31 Apr-32 Sep-34 Bonds issued in Sept. 2025 in € m Redeemed at maturity in June 2025 2033
Page 38
FY 2025 Results | February 13, 2026 © Capgemini 2026. All rights reserved | 38 ESG Policy Indicators Note: in the table above, 2025 data may include some estimates and some historical data points may have been restated to ensure comparability. The information provided in this table does not account for WNS and other acquisitions that were also complete d at the end of 2025. Pillars Objectives Key Performance Indicators Baseline (2018 or 2019) 2024 2025 2030 Target (vs 2019) Scope 1 & 2 - Absolute emissions (market-based, ktCO₂e) 154.1 11.2 8.7 -80% absolute Scope 3 - Business travel emissions per employee (average total heacount, tCO₂e/head) 1.26 0.48 0.38 -55% per employee Scope 3 - Employee commuting emissions per employee (tCO₂e/head) 1.08 0.55 0.50 -55% per employee Scope 3 - Absolute emissions from purchased goods and services (ktCO₂e) 305.7 301.5 279.5 -50% absolute % of residual operational emissions for which carbon credits have been retired - - 100% 100% % of total operational emissions for which carbon credits have been retired - - 58% 100% Increase bookings (value) delivering sustainability benefits to our clients Variation of bookings (value) delivering sustainability benefits to our c lients - - +7% - Reach and maintain, on average, 70 learning hours per employee per year Average Completed Learning Hours, including learning in the flow of work, per headcount at the end of the year 41.9 81.3 97.2 >=70 Upskill our talents on one yearly defined strategic topic Number of active learners on a yearly defined strategic topic - - 195k Above the target defined each year Maintain our employees’ belonging index above 80 Belonging index score - - 84 >80 Keep over 80% of the employees with a positive perception of our Values, culture, and ethical behaviors in the Group % of employees surveyed with an average Ethical culture score between 7 and 10 (annual average number of employees) - 85% 85% >80% Enhance awareness and foster the adoption of Ethical AI practices % of headcount who completed the ‘Ethics in AI’ e-learning - - To be reported from 2026 >80% % of women in the workforce 33.0% 39.7% 40.5% >=40% % of women in group executive leadership positions 16.9% 29.0% 30.5% >=35% Support 10M beneficiaries in underserved communities through our digital inclusion programs, by 2030 Cumulated number of Digital Inclusion beneficiaries (since 2018) n.m. 7.5M 8.5M >10M Maintain best-in-class corporate governance MSCI ESG rating on Corporate Governance - Rating achieved Rating achieved Top quartile compared to industry peers By 2030, suppliers covering 80% of the purchase amount of the previous year, will have committed to our ESG standards % of purchase amount with suppliers who have committed to our ESG standards over the total purchase amount of the reporting year - 60% 72% >=80% % of headcount (total headcount at the end of the year) who completed the mandatory elearning module on data protection - 95% 94% >90% % of DPO (number of DPO at the end of the year) certified with the International Association of Privacy Professionals - 76% 87% >90% % of qualified client engagements that have reached a top-level comprehensive digital end-to-end data protection maturity assessment - - 58% >85% % of operation centers and sensitive facilities at the end of the year, ISO 27001 certified - 98% 98% >98% % of headcount (total headcount at the end of the year) who completed the mandatory e-learning module on Cybersecurity - 95% 96% >95% Embed data protection into our culture, operations and clients’ delivery Environment Reduce our Scope 1, 2 and 3 emissions by 90%, by 2040 Scale up our investment in climate and nature solutions at a level commensurate with our GHG emissions Social Maintain at least 40% of women in our global teams and reach 35% of women in group executive leadership positions, by 2030 Governance Be recognized as a front leader on cybersecurity
Page 39
This presentation contains information that may be privileged or confidential and is the property of the Capgemini Group. Copyright © 2025 Capgemini. All rights reserved. Make it real. www.capgemini.com About Capgemini Capgemini is an AI-powered global business and technology transformation partner, delivering tangible business value. We imagine the future of organizations and make it real with AI, technology and people. With our strong heritage of nearly 60 years, we are a responsible and diverse group of over 420,000 team members in more than 50 countries. We deliver end-to-end services and solutions with our deep industry expertise and strong partner ecosystem, leveraging our capabilities across strategy, technology, design, engineering and business operations. The Group reported 2025 global revenues of €22.5 billion. Biraud, Vincent Head of Investor Relations +33 1 4754 5087 vincent.biraud@capgemini.com Massoni, Patrick Senior Manager, Investor Relations +33 1 4754 5141 patrick.massoni@capgemini.com Kubiak, Clément Senior Manager, Investor Relations +33 1 4754 5155 clement.kubiak@capgemini.com