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© Dassault Systèmes | Confidential Information | 2025 DASSAULT SYSTÈMES CEO CFO
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2 © Dassault Systèmes | Confidential Information | 2025 FORWARD-LOOKING INFORMATION Statements herein that are not historical facts but express expectations or objectives for the future, including but not limited to statements regarding the Group’s non-IFRS financial performance objectives are forward-looking statements. Such forward-looking statements are based on Dassault Systèmes management's current views and assumptions and involve known and unknown risks and uncertainties. Actual results or performances may differ materially from those in such statements due to a range of factors. The Group’s actual results or performance may be materially negatively affected by numerous risks and uncertainties, as described in the “Risk Factors” section 1.9 of the 2024 Universal Registration Document (‘Document d'enregistrement universel’) filed with the AMF (French Financial Markets Authority) on March 18, 2025, available on the Group’s website www.3ds.com. In particular, please refer to the risk factor “Uncertain Global Environment” in section 1.9.1.1 of the 2024 Universal Regist ration Document set out below for ease of reference: “In light of the uncertainties regarding economic, business, social, health, and geopolitical conditions at the global level, Dassault Systèmes’ revenue, net earnings and cash flows may grow more slowly, whether on an annual or quarterly basis, mainly due to the following factors: • the deployment of Dassault Systèmes’ solutions may represent a large portion of a customer’s investments in software technology. Decisions to make such an inves tment are impacted by the economic environment in which the customers operate. Uncertain global geopolitical, economic and health conditions and the lack of visibility or the lack of financial re sources may cause some customers, e.g. within the automotive, aerospace, energy or natural resources industries, to reduce, postpone or cancel their investments, or to reduce or not renew ongoing paid maintenance for their installed base, wh ich impact larger customers’ revenue with their respective sub -contractors; • the political, economic and monetary situation in certain geographic regions where Dassault Systèmes operates could become more volatile and negatively affect Dassault Systèmes’ business, and in particular its revenue, for example, due to stricter export compliance rules or the introduction of new customs barriers or controls on the exchange of goods and serv ices; • continued pressure or volatility on raw materials and energy prices could also slow down Dassault Systèmes’ diversification efforts in new industries; • uncertainties regarding the extent and duration of costs inflation could adversely affect the financial position of Dassault Systèmes; and • the sales cycle of the Dassault Systèmes’ products – already relatively long due to the strategic nature of such investments for customers – could further lengthen. The occurrence of crises – health and political crises in particular – could have consequences both for the health and safety of Dassault Systèmes’ employees and for the Company. It could also adversely impact the financial situation or financing and supply capabilities of Dassault Systèmes’ existing and potential customers, commercial and technology partners, some of whom may be forced to temporarily close sites or to cease operations. A deteriorating economic environment could generate increased price pressure and affect the collection of receivables, which would negatively affect Dassault Systèmes’ revenue, financial performance and market position. Dassault Systèmes makes every effort to take into consideration this uncertain outlook. Dassault Systèmes’ business results, however, may not develop as anticipated. Furthermore, due to factors affecting sales of Dassault Systèmes’ products and services, there may be a substantial time lag between an improvement in global economic and business conditions and an upswing in the Company’s business results.” In preparing such forward-looking statements, the Group has in particular assumed an average US dollar to euro exchange rate of US$1.17 per €1.00 as well as an average Japanese yen to euro exchange rate of JPY170.0 to €1.00 before hedging for the fourth quarter 2025. The Group has assumed an average US dollar to euro exchange rate of US$1.13 per €1.00 as well as an average Japanese yen to euro exchange rate of JPY166.7 to €1.00 before hedging for the full year 2025. However, currency values fluctuate, and the Group’s results may be significantly affected by changes in exchange rates.
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3 © Dassault Systèmes | Confidential Information | 2025 NON-IFRS INFORMATION Readers are cautioned that the supplemental non-IFRS financial information presented in this earnings presentation is subject to inherent limitations. It is not based on any comprehensive set of accounting rules or principles and should not be considered in isolation from or as a substitute for IFRS measurements. The supplemental non-IFRS financial information should be read only in conjunction with the Company’s consolidated financial statements prepared in accordance with IFRS. Furthermore, the Group’s supplemental non-IFRS financial information may not be comparable to similarly titled “non-IFRS” measures used by other companies. Specific limitations for individual non- IFRS measures are set forth in the Company’s 2024 Universal Registration Document filed with the AMF on March 18, 2025. In the tables accompanying this presentation the Group sets forth its supplemental non-IFRS figures for revenue, operating income, operating margin, net income and diluted earnings per share, which exclude the effect of adjusting the carrying value of acquired companies’ deferred revenue, share-based compensation expense and related social charges, the amortization of acquired intangible assets and of tangibles reevaluation, certain other operating income and expense, net, including impairment of goodwill and acquired intangibles, the effect of adjusting lease incentives of acquired companies, certain one-time items included in financial revenue and other, net, and the income tax effect of the non-IFRS adjustments and certain one-time tax effects. The tables also set forth the most comparable IFRS financial measures and reconciliations of this information with non-IFRS information.
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4 © Dassault Systèmes | Confidential Information | 2025 GLOSSARY OF DEFINITIONS Information in Constant Currencies Dassault Systèmes has followed a long-standing policy of measuring its revenue performance and setting its revenue objectives exclusive of currency in order to measure in a transparent manner the underlying level of improvement in its total revenue and software revenue by activity, industry, geography and product lines. The Group believes it is helpful to evaluate its growth exclusive of currency impacts, particularly to help understand revenue trends in its business. Therefore, the Group provides percentage increases or decreases in its revenue and expenses (in both IFRS and non-IFRS) to eliminate the effect of changes in currency values, particularly the U.S. dollar and the Japanese yen, relative to the euro. When trend information is expressed "in constant currencies", the results of the "prior" period have first been recalculated using the average exchange rates of the comparable period in the current year, and then compared with the results of the comparable period in the current year. While constant currency calculations are not considered to be an IFRS measure, the Group believes these measures are critical to understanding its global revenue results and to compare with many of its competitors who report their financial results in U.S. dollars. Therefore, Dassault Systèmes includes this calculation to compare IFRS and non- IFRS revenue figures for comparable periods. All information at constant currencies is expressed as a rounded percentage and therefore may not precisely reflect the absolute figures. Information on Growth excluding acquisitions (“organic growth”) In addition to financial indicators relating to the Group’s entire scope, Dassault Systèmes also provides growth information excluding acquisitions’ effects, and named organic growth. To do so, the Group’s data is restated to exclude acquisitions, from the date of the transaction, over a period of 12 months. Information on Industrial Sectors Dassault Systèmes provides broad end-to-end software solutions and services: its 3D UNIV+RSES (made of multiple virtual twin experiences) powered by the 3DEXPERIENCE platform combine modeling, simulation, data science, artificial intelligence and collaborative innovation to support companies in the three sectors it serves, namely Manufacturing Industries, Life Sciences & Healthcare, and Infrastructure & Cities. These three sectors comprise twelve industries: • Manufacturing Industries: Transportation & Mobility; Aerospace & Defense; Marine & Offshore; Industrial Equipment; High-Tech; Home & Lifestyle; Consumer Packaged Goods - Retail. In Manufacturing Industries, Dassault Systèmes helps customers virtualize their operations, improve data sharing and collaboration across their organization, reduce costs and time-to-market, and become more sustainable; • Life Sciences & Healthcare: Life Sciences & Healthcare. In this sector, the Group aims to address the entire cycle of the patient journey to lead the way toward precision medicine. To reach the broader healthcare ecosystem from research to commercial, the Group’s solutions connect all elements from molecule development to prevention to care, and combine new therapeutics, medical practices, and Medtech; • Infrastructure & Cities: Infrastructure, Energy & Materials; Architecture, Engineering & Construction; Business Services; Cities & Public Services. In Infrastructure & Cities, the Group supports the virtualization of the sector in making its industries more efficient and sustainable, and creating desirable living environments. Information on Product Lines The Group’s financial reporting on product lines includes the following information: • Industrial Innovation software revenue, which includes CATIA, ENOVIA, SIMULIA, DELMIA, GEOVIA, NETVIBES, and 3DEXCITE brands; • Life Sciences software revenue, which includes MEDIDATA and BIOVIA brands; • Mainstream Innovation software revenue which includes its CENTRIC PLM and 3DVIA brands, as well as the SOLIDWORKS brand and its expanded offerings in design, simulation, PLM, and manufacturing. OUTSCALE has been a Dassault Systèmes brand since 2022, extending the portfolio of software applications. As the first sovereign and sustainable operator on the cloud, OUTSCALE enables governments and corporations from all sectors to achieve digital autonomy through a Cloud experience and with a world-class cyber governance. GEOs Eleven GEOs are responsible for driving the development of the Company’s business and implementing its customer centric engagement model. Teams leverage strong networks of local customers, users, partners, and influencers. These GEOs are structured into three groups: the “Americas” group, made of two GEOs; the “Europe” group, comprising Europe, Middle East and Africa (EMEA) and made of four GEOs; the “Asia” group, comprising Asia and Oceania and made of five GEOs. 3DEXPERIENCE Software Contribution To measure the relative share of 3DEXPERIENCE software in its revenues, Dassault Systèmes calculates the percentage contribution by comparing total 3DEXPERIENCE software revenue to software revenue for all product lines except SOLIDWORKS, MEDIDATA, CENTRIC PLM and other acquisitions (defined as “3DEXPERIENCE Eligible software revenue”). Cloud revenue Cloud revenue is generated from contracts that provide access to cloud-based solutions (SaaS), infrastructure as a service (IaaS), cloud solution development and cloud managed services. These offerings are delivered by Dassault Systèmes through its own cloud infrastructure or by third-party cloud providers. They are available through different deployment methods: Dedicated cloud, Sovereign cloud and International cloud. Cloud solutions are generally offered through subscription-based models or perpetual licenses with support and hosting services. IFRS EBITDAO (Earnings Before Interest, Taxes and Amortization Operating) The IFRS EBITDAO corresponds to the IFRS operating income adjusted of amortization, depreciation and impairment expense of intangible and tangible assets and of non-cash share-based payment expense (excluding related social charges). Adjusted net debt definition The Adjusted Net Debt corresponds to the net financial debt position (borrowings net of cash, cash equivalent and short-term investments) adjusted of IFRS 16 lease liabilities. New business New business is the combination of subscription revenue and licenses & other software revenue. Net cash position Cash and cash equivalents and short-term investments minus borrowings
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5 © Dassault Systèmes | Confidential Information | 2025 3Q25 AT A GLANCE Non-IFRS – All growth ex-FX (unless otherwise noted)
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6 © Dassault Systèmes | Confidential Information | 2025 AGENDA Operational Highlights & Strategy Financial Highlights & Objectives Financial Information Appendix
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7 © Dassault Systèmes | Confidential Information | 2025 GAME CHANGER Sustainability • • • • • • Personalized Experience Precision Medicine Patient Journey From Cure to Care Value Based Care Workforce of the Future Resiliency & Sovereignty Productized Construction Quality of LifeManufacturing Relocation Value Networks
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8 © Dassault Systèmes | Confidential Information |10/23/2025 3DEXPERIENCE platform on the cloud with: VALUE NETWORKS Smart, Safe & Connected Global Modular Architecture Adopts 3DEXPERIENCE Cloud as system engineering backbone Global automotive group created in 2021 from the merger of Fiat Chrysler Automobiles (FCA) and Groupe PSA. It ranks among the world’s top car manufacturers To stay ahead of fast-moving competition, Stellantis decided to harmonize the entire Systems landscape with 3DEXPERIENCE Platform on the Cloud. • Converging of ex-PSA, ex-FCA processes into a single cloud-based environment, simplifying worldwide collaboration • Ensures a single source of truth across engineering and supporting a ramp-up to 21,000 users • Adopting System-of-Systems–based approach enables standardized, cross-domain system engineering and faster design validation • Going forward, the teams will harness a unified environment that fuels innovation and drives the shift toward fully software-driven vehicles. Personalized Experience Sustainability
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9 © Dassault Systèmes | Confidential Information | A MEDIDATA platform win-back, to power “AI Everywhere” initiatives AbbVie win-back for MEDIDATA’s unified platform as its strategic foundation to streamline global clinical trials and accelerate innovation across its therapeutic portfolio • Accelerating clinical trial execution through new AI capabilities, delivering up to 10:1 time savings and significant cost reductions • Establishing a central operating unit to manage and control global execution, compliance and ensure standards scale globally • Gaining a sustainable, innovation-driven platform positioned to evolve with next-generation R&D needs through the “AI Everywhere” roadmap 2025 MEDIDATA – Data Experience AbbVie top 20 biopharmaceutical company focused on discovering and delivering innovative medicines in immunology, oncology, neuroscience, eye care and other specialty areas.
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10 © Dassault Systèmes | Confidential Information | Virtual Twin as a Service for Nuclear Decommissioning as Showcased at 2025 Korea 3DEXPERIENCE Forum KHNP, Korea’s largest energy public enterprise managing the full lifecycle of nuclear power plants, launched a digital transformation initiative to support the decommissioning of 26 reactors. 3DEXPERIENCE platform with: Piloting the first nuclear decommissioning program in Korea: a robust system capable of predicting complex processes and safety risks and preventing accidents in advance. • Implementing the 3DEXPERIENCE platform to manage the entire nuclear lifecycle, from end-to-end engineering and process management to regulatory compliance • Ensuring full traceability for vast amounts of equipment and radioactive waste, while establishing a standardized and transparent data system that enables international collaboration and compliance with all regulatory standards • Creating a scalable virtual twin as a service that supports the global nuclear decommissioning market 2025 Resiliency & Sovereignty Civil Infrastructure Engineering Single Source of Speed
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11 © Dassault Systèmes | Confidential Information | 2025 INFRASTRUCTURE & CITIES LIFE SCIENCES & HEALTHCARE SMRs/AMRs Prefabricated Construction System Medical Devices & Equipment Medical Robots & Personalized Implants Modular Housing Climate Change in Cities Digital Therapies & Companions Medical Diagnosis & Care Services Rail Infrastructure Projects Rail Freight Logistics Molecular Therapies Medical Diagnosis & Decision Green Steel Electrical Grids Advanced Therapies Digital Biomarkers & Evidence MANUFACTURING INDUSTRIES Vehicles Small Satellites Commercial Aircraft Personal Electronics Data Centers Space Launchers Networks Warship Passenger Mobility Services Sustainable Packaging Autonomous Mobile Robot Perfume & Cosmetics Autonomous Systems Home Furniture Semiconductor Batteries Military Aircraft Elevators & Escalators Food & Beverage General purpose robots 3DUNIV+RSES: THE LARGEST AND BEST STRUCTURED INDUSTRY CORPUS ” “
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12 © Dassault Systèmes | Confidential Information | 2025 SCIENCE-BASED AI Multiphysics Multiscale Bio Geophysics Chemical Structures & Solids Electro- magnetics Fluids Controls Thermal FUNCTIONAL LOGICAL PHYSICAL (MACROSCALE CONTINUUM) MATERIAL SCIENCES PHYSICAL (MICROSCALE NON-CONTINUUM)
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13 © Dassault Systèmes | Confidential Information | 2025 Virtual CompanionsGenerative ExperiencesVirtual Twin as a Service AURA BUSINESS MISSION ENGINEERING MISSION LEO SCIENTIFIC MISSION MARIE NEW CATEGORIES:
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14 © Dassault Systèmes | Confidential Information | 2025 Virtual CompanionsGenerative ExperiencesVirtual Twin as a Service AURA BUSINESS MISSON LEO ENGINEERING MISSON MARIE SCIENTIFIC MISSON MBA MSc PhD NEW CATEGORIES:
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15 © Dassault Systèmes | Confidential Information | 2025 UNDISPUTED INDUSTRY LEADERSHIP 44% New commercial CAD Seat WW share (2024) €1.1Bn+ 2024 REVENUE 8,000,000 USERS 1,400,000+ COMMERCIAL SEATS 285,000+ COMMERCIAL CLIENTS 450 CUSTOMER ROLE EXPERIENCE PARTNERS IN 120 COUNTRIES AI IN SOLIDWORKS TODAY CATALYST FOR PLATFORM ADOPTION ASSISTIVE PREDICTIVE GENERATIVE Auto Fastener Recognition & Pattern (SW25 FD03) Repair Sketch Relations (SW25 GA) Selection Accelerators (SW25 GA) Pattern Driven Component (SW23) Repairing Missing Mate Reference (SW23) Driven Silhouette Part Defeature (SW25 GA) Command Predictor (SW25 GA) Al Fastener Recognition & Pattern (SW25 F003) Auto Generate Drawings (SW26) Image to 20 Mechanism (x25 FD03) Generative Rendering (SW25) FEA Machine Learning Model Automatic Toolpath Generation SIMULATION MANUFACTURING 30 YEARS OF INNOVATION AURA LEO MARIE
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16 © Dassault Systèmes | Confidential Information | 2025 AGENDA Operational Highlights & Strategy Financial Highlights & Objectives Financial Information Appendix
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17 © Dassault Systèmes | Confidential Information | 2025 3Q25 & YTD25 PERFORMANCE AT A GLANCE €M 3Q25 YTD25 Total Revenue 1,461 4,558 Growth YoY % +5% +5% Software Revenue Growth +5% +5% Operating Margin 30.1% 30.1% EPS (€) 0.29 0.91 EPS Growth +10% +6% EPS Growth reported +2% +2% Upfront License Revenue [Licenses & Other Revenue] Recurring Revenue [Subscription & Support Revenue] +7% Subscription Revenue Thereof New Business [Subscription & Upfront Licenses Revenue] YTD25 Subscription % of Recurring 84% 82% in YTD24 Recurring % of Software 49% 46% in YTD24 YTD25 YTD25 Non-IFRS – All growth ex-FX (unless otherwise noted) | In 2026, the information on this chart will be restructured +9% 3Q25 -6% YTD25 -13% 3Q25 +14% YTD25 +16% 3Q25 +8% YTD25 +7% 3Q25 Advancing Recurring Revenue for Long Term Value
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18 © Dassault Systèmes | Confidential Information | 2025 3Q25 & YTD25 GROWTH DRIVERS: STRONG MOMENTUM IN 3D & CLOUD 37% in 3Q24 25% in 3Q24 3Q25 3Q25 1 Eligible Software Revenue excludes SOLIDWORKS, MEDIDATA, CENTRIC PLM and recent acquisitions | Non-IFRS – All growth ex-FX 1 YTD25 YTD25
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19 © Dassault Systèmes | Confidential Information | 2025 3Q25 ACTUALS VS OBJECTIVES: DRIVING PROFITABLE GROWTH Operating Margin EPSTotal Revenue in % in € +5% YoY ex-FX, at guidance low +10% YoY ex-FX, above guidance 3Q25 EUR/USD at 1.17 in guidance and actuals; and EUR/JPY from 170.0 in guidance to 172.3 in actuals | 3Q25 Effective Tax Rate from 17.3% in guidance to 16.7% in actuals in m€ +60 bps ex-FX, above guidance thanks to productivity measures Non-IFRS
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20 © Dassault Systèmes | Confidential Information | 2025 3Q25 & YTD25 SOFTWARE REVENUE BY REGION 3Q25: +7%* | YTD25: +6%* Share 40%** Acceleration driven by Transportation & Mobility, High-Tech and Aerospace & Defense this quarter. 3Q25: +4%* | YTD25: +5%* | Share 23%** Resilience led by strong growth in India and double digit growth in Korea driven by Transportation & Mobility, Aerospace & Defense. Low performance in China on high comparison base. 3Q25: +4%* | YTD25: +5%* | Share 37%** Double digit growth in Southern Europe. Solid performance in France and Germany supported by subscription momentum, especially in Aerospace & Defense. Non-IFRS * YOY Growth ex FX ** YTD25
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21 © Dassault Systèmes | Confidential Information | 2025 3Q25 & YTD25 SOFTWARE REVENUE BY PRODUCT LINE % Growth 3Q25 YTD25 Industrial Innovation software revenue +9% +8% Life Sciences software revenue -3% -1% Mainstream Innovation software revenue +4% +3% Total software revenue +5% +5% Resilience across multiple domains led by CATIA, DELMIA and ENOVIA. SIMULIA up double digits YTD SOLIDWORKS with good momentum CENTRIC accelerating toward SaaS MEDIDATAcontinues to face headwinds due to study starts decline 3Q25 Highlights Non-IFRS – All growth ex-FX
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22 © Dassault Systèmes | Confidential Information | 2025 CHANGE IN CASH AND DEBT POSITION AS AT SEPTEMBER 30, 2025 +751 +476 +156 +77 -49 -581 -75 -186 -343 -269 3,953 3,910 Cash & Cash equivalents 4Q 2024 Net Income Non cash P&L items Change in operating working capital Change in non-operating working capital Investing and other financing Repayment of lease liabilities Net proceeds of debts Treasury shares buy-back, employee shareholding plan and stock option exercise Cash dividends paid FX impact Cash & Cash equivalents 3Q 2025 Operating cash flow: +€1,334 M vs. +€1,348 M in 3Q 2024 YTD (-€14 M / -1%) 3,910 1,321 -2,589 Cash & Cash equivalents 3Q 2025 Borrowings 3Q 2025 Net Cash position 3Q 2025 ** * mainly including the acquisition of Centric non -controlling interests, the acquisition of ContentServ and capital expenditures ** including the capital increase of the employee shareholding plan and the treasury shares acquired for cancelling its dilut ive effect * Financial debt as of September 2025: €2,589 M Net cash position: €1,321 M Operating Cash Flow non-IFRS Operating Income Cash Conversion Framework
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23 © Dassault Systèmes | Confidential Information | 2025 Non-IFRS – All growth ex-FX (unless otherwise noted) 1,697 - 1,817 Revenue (€M) 6,255 - 6,375 +1-8% Total Revenue +4-6% +1-8% Software Revenue +4-6% +5-9% Service Revenue +1-2% 37.2 – 38.0% Operating Margin 32.0 - 32.4% €0.41 - 0.45 EPS (€) €1.31 - 1.35 +2% to 12% EPS Reported Growth +2-5 % +7-17% EPS Growth +7-10% Tax rate of ~16.2% (19.5% in 4Q24) FX: €/$: 1.17 €/¥: 170.0 Tax rate of 17.3% (18.8% in FY24) FX: €/$: 1.13 €/¥: 166.7 FY254Q25
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24 © Dassault Systèmes | Confidential Information | 2025 AGENDA Operational Highlights & Strategy Financial Highlights & Objectives Financial Information Appendix
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25 © Dassault Systèmes | Confidential Information | 2025 Non-IFRS – All growth ex-FX (unless otherwise noted) Revenue (€M) Total Revenue Software Revenue Service Revenue Operating Margin EPS (€) EPS Reported Growth EPS Growth FY 2025 INCREASING SHARE OF PREDICTABILITY 4Q 2025 INCREASING SHARE OF PREDICTABILITY SUBSCRIPTION UPFRONT LICENSE -1 to 11% RECURRING +5 - 8% UPFRONT LICENSE -13 to 9% +8 - 12% SUBSCRIPTION thereof + SUBSCRIPTION UPFRONT LICENSE +5 - 9% RECURRING +7 - 8% UPFRONT LICENSE +12 - 13% SUBSCRIPTION thereof + Tax rate of ~16.2% (19.5% in 4Q24) FX: €/$: 1.17 €/¥: 170.0 Tax rate of 17.3% (18.8% in FY24) FX: €/$: 1.13 €/¥: 166.7 -8% to 0% 1,697 - 1,817 +1 - 8% +1 - 8% +5 - 9% 37.2% - 38.0% €0.41 - 0.45 +2 - 12% +7 - 17% 6,255 - 6,375 +4 - 6% +4 - 6% +1 - 2% 32.0% - 32.4% €1.31 - 1.35 +2 - 5% +7 - 10%
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26 © Dassault Systèmes | Confidential Information | 2025 SOFTWARE REVENUE BY REGION IFRS Americas Europe Asia in MEUR 3Q25 3Q24 Growth Growth ex FX YTD25 YTD24 Growth Growth ex FX Americas 543 541 +0% +7% 1,659 1,620 +2% +6% Europe 478 470 +2% +3% 1,525 1,465 +4% +5% Asia 293 301 (3)% +4% 936 927 +1% +5% Software revenue 1,314 1,312 +0% +5% 4,119 4,012 +3% +5% 3Q25 3Q24 YTD25 YTD24 40% 37% 23% 40% 37% 23% 41% 36% 22% 41% 36% 23%
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27 © Dassault Systèmes | Confidential Information | 2025 Non - IFRS SOFTWARE REVENUE BY REGION Americas Europe Asia in MEUR 3Q25 3Q24 Growth Growth ex FX YTD25 YTD24 Growth Growth ex FX Americas 543 541 +0% +7% 1,659 1,620 +2% +6% Europe 479 470 +2% +4% 1,527 1,465 +4% +5% Asia 293 301 (3)% +4% 936 927 +1% +5% Software revenue 1,315 1,312 +0% +5% 4,122 4,012 +3% +5% 3Q25 3Q24 YTD25 YTD24 40% 37% 23% 40% 37% 23% 41% 36% 22% 41% 36% 23%
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28 © Dassault Systèmes | Confidential Information | 2025 SOFTWARE REVENUE BY PRODUCT LINE IFRS Industrial Innovation SW revenue Life Sciences SW revenue Mainstream Innovation SW revenue in MEUR 3Q25 3Q24 Growth Growth ex FX YTD25 YTD24 Growth Growth ex FX Industrial Innovation SW revenue 717 685 +5% +9% 2,255 2,118 +6% +8% Life Sciences SW revenue 257 280 (8)% (3)% 818 847 (3)% (1)% Mainstream Innovation SW revenue 340 348 (2)% +3% 1,047 1,047 (0)% +3% Software revenue 1,314 1,312 +0% +5% 4,119 4,012 +3% +5% 3Q25 3Q24 YTD25 YTD24 55% 20% 25% 53% 21% 26% 55% 20% 26% 52% 21% 26%
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29 © Dassault Systèmes | Confidential Information | 2025 SOFTWARE REVENUE BY PRODUCT LINE Non - IFRS Industrial Innovation SW revenue Life Sciences SW revenue Mainstream Innovation SW revenue in MEUR 3Q25 3Q24 Growth Growth ex FX YTD25 YTD24 Growth Growth ex FX Industrial Innovation SW revenue 717 685 +5% +9% 2,255 2,118 +6% +8% Life Sciences SW revenue 257 280 (8)% (3)% 818 847 (3)% (1)% Mainstream Innovation SW revenue 341 348 (2)% +4% 1,050 1,047 +0% +3% Software revenue 1,315 1,312 +0% +5% 4,122 4,012 +3% +5% 3Q25 3Q24 YTD25 YTD24 55% 20% 25% 53% 21% 26% 55% 20% 26% 52% 21% 26%
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30 © Dassault Systèmes | Confidential Information | 2025 SOFTWARE REVENUE EVOLUTION Non - IFRS Recurring Non Recurring in MEUR 3Q25 3Q24 Growth Growth ex FX YTD25 YTD24 Growth Growth ex FX Recurring Subscription and Support revenue 1,126 1,083 +4% +9% 3,460 3,292 +5% +7% of which Subscription revenue 542 490 +11% +16% 1,689 1,516 +11% +14% Non Recurring Licenses and Other software revenue 189 229 (18)% (13)% 663 720 (8)% (6)% Software revenue 1,315 1,312 +0% +5% 4,122 4,012 +3% +5% 3Q25 3Q24 YTD25 YTD24 84% 16% 82% 18% 86% 14% 83% 17%
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31 © Dassault Systèmes | Confidential Information | 2025 IFRS P&L Three months ended September 30, Nine months ended September 30, (In € million, except % and per share data) 2025 2024 YoY 2025 2024 YoY Software revenue 1 313,7 1 312,4 +0% 4 119,2 4 011,8 +3% Licenses and Other software revenue 188,8 229,5 (18)% 662,5 719,8 (8)% Subscription and Support revenue 1 125,0 1 082,9 +4% 3 456,7 3 292,0 +5% Services revenue 146,4 151,5 (3)% 435,6 447,6 (3)% Total revenue 1 460,1 1 463,9 (0)% 4 554,7 4 459,3 +2% Cost of Software revenue (118,4) (127,6) (7)% (367,7) (364,4) +1% Cost of Services revenue (118,6) (125,3) (5)% (394,2) (385,0) +2% Research and development expenses (314,3) (321,0) (2)% (1 011,7) (958,5) +6% Marketing and sales expenses (398,7) (403,7) (1)% (1 293,1) (1 247,7) +4% General and administrative expenses (111,6) (117,5) (5)% (355,8) (334,1) +6% Amortization of acquired intangible assets and of tangible assets revaluation (83,5) (88,5) (6)% (257,2) (274,1) (6)% Other operating income and expense, net (13,0) (4,2) +210% (26,8) (19,2) +39% Total operating expenses (1 158,0) (1 187,7) (3)% (3 706,5) (3 583,1) +3% Operating income 302,1 276,2 +9% 848,2 876,2 (3)% Financial income (loss), net 24,9 32,1 (22)% 85,1 95,5 (11)% Income tax expense (54,2) (68,5) (21)% (182,6) (184,4) (1)% Non-controlling interest 2,2 (0,0) N/A 8,3 0,9 N/A Net Income (to equity holders of the parent) 275,0 239,7 +15% 759,1 788,2 (4)% Diluted earnings per share (EPS) 0,20 0,18 +10% 0,57 0,61 (6)% Average diluted shares (Million) 1 327,6 1 323,1 1 324,8 1 327,0
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32 © Dassault Systèmes | Confidential Information | 2025 IFRS P&L (%) * EBIT: Earnings Before Income Tax Three months ended September 30, Nine months ended September 30, 2025 2024 2025 2024 % of revenue % of revenue Software revenue 90.0% 89.7% 90.4% 90.0% Licenses and Other software revenue 12.9% 15.7% 14.5% 16.1% Subscription and Support revenue 77.0% 74.0% 75.9% 73.8% Services revenue 10.0% 10.3% 9.6% 10.0% Total revenue 100.0% 100.0% 100.0% 100.0% Cost of Software revenue 8.1% 8.7% 8.1% 8.2% Cost of Services revenue 8.1% 8.6% 8.7% 8.6% Research and development expenses 21.5% 21.9% 22.2% 21.5% Marketing and sales expenses 27.3% 27.6% 28.4% 28.0% General and administrative expenses 7.6% 8.0% 7.8% 7.5% Amortization of acquired intangible assets and of tangible assets revaluation 5.7% 6.0% 5.6% 6.1% Other operating income and expense, net 0.9% 0.3% 0.6% 0.4% Total operating expenses 79.3% 81.1% 81.4% 80.4% Operating income 20.7% 18.9% 18.6% 19.6% Financial income (loss), net 1.7% 2.2% 1.9% 2.1% Income tax rate (% of EBIT *) 16.6% 22.2% 19.6% 19.0% Non-controlling interest 0.2% 0.0% 0.2% 0.0% Net Income (to equity holders of the parent) 18.8% 16.4% 16.7% 17.7%
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33 © Dassault Systèmes | Confidential Information | 2025 NON-IFRS P&L Three months ended September 30, Nine months ended September 30, (In € million, except % and per share data) 2025 2024 YoY 2025 2024 YoY Software revenue 1,315.1 1,312.4 +0% 4,122.1 4,011.8 +3% Licenses and Other software revenue 188.8 229.5 (18)% 662.5 719.8 (8)% Subscription and Support revenue 1,126.3 1,082.9 +4% 3,459.6 3,292.0 +5% Services revenue 146.4 151.5 (3)% 435.6 447.6 (3)% Total revenue 1,461.5 1,463.9 (0)% 4,557.6 4,459.3 +2% Cost of Software revenue (118.0) (126.5) (7)% (363.9) (361.6) +1% Cost of Services revenue (120.0) (123.0) (2)% (380.1) (376.2) +1% Research and development expenses (294.6) (300.4) (2)% (930.3) (899.1) +3% Marketing and sales expenses (391.8) (384.8) +2% (1,221.9) (1,191.8) +3% General and administrative expenses (97.2) (96.6) +1% (289.5) (283.7) +2% Total operating expenses (1,021.6) (1,031.2) (1)% (3,185.6) (3,112.4) +2% Operating income 439.9 432.6 +2% 1,372.1 1,347.0 +2% Financial income (loss), net 25.4 32.6 (22)% 86.8 97.6 (11)% Income tax expense (77.6) (84.3) (8)% (260.4) (268.2) (3)% Non-controlling interest 1.8 (0.9) (290)% 2.3 (1.9) (221)% Net Income (to equity holders of the parent) 389.6 380.1 +2% 1,200.7 1,174.4 +2% Diluted earnings per share (EPS) 0.29 0.29 +2% 0.91 0.89 +2% Average diluted shares (Million) 1,327.6 1,323.1 1,324.8 1,327.0
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34 © Dassault Systèmes | Confidential Information | 2025 NON-IFRS P&L (%) * EBIT: Earnings Before Income Tax Three months ended September 30, Nine months ended September 30, 2025 2024 2025 2024 % of revenue % of revenue Software revenue 90.0% 89.7% 90.4% 90.0% Licenses and Other software revenue 12.9% 15.7% 14.5% 16.1% Subscription and Support revenue 77.1% 74.0% 75.9% 73.8% Services revenue 10.0% 10.3% 9.6% 10.0% Total revenue 100.0% 100.0% 100.0% 100.0% Cost of Software revenue 8.1% 8.6% 8.0% 8.1% Cost of Services revenue 8.2% 8.4% 8.3% 8.4% Research and development expenses 20.2% 20.5% 20.4% 20.2% Marketing and sales expenses 26.8% 26.3% 26.8% 26.7% General and administrative expenses 6.6% 6.6% 6.4% 6.4% Total operating expenses 69.9% 70.4% 69.9% 69.8% Operating income 30.1% 29.6% 30.1% 30.2% Financial income (loss), net 1.7% 2.2% 1.9% 2.2% Income tax rate (% of EBIT *) 16.7% 18.1% 17.8% 18.6% Non-controlling interest 0.1% 0.1% 0.1% 0.0% Net Income (to equity holders of the parent) 26.7% 26.0% 26.3% 26.3%
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35 © Dassault Systèmes | Confidential Information | 2025 IFRS – NON-IFRS RECONCILIATION QTD Revenue and Gross Margin (In € million, except %) 2025 IFRS Adjustment 2025 Non-IFRS 2024 IFRS Adjustment 2024 Non-IFRS IFRS Non-IFRS Total Revenue 1,460.1 1.3 1,461.5 1,463.9 - 1,463.9 (0)% (0)% Total Revenue breakdown by activity Software revenue 1,313.7 1.3 1,315.1 1,312.4 1,312.4 +0% +0% Licenses and Other software revenue 188.8 188.8 229.5 229.5 (18)% (18)% Subscription and Support revenue 1,125.0 1.3 1,126.3 1,082.9 1,082.9 +4% +4% Recurring portion of Software revenue 86% 86% 83% 83% Services revenue 146.4 146.4 151.5 151.5 (3)% (3)% Total Revenue breakdown by product line Industrial Innovation SW revenue 717.1 717.1 684.6 684.6 +5% +5% Life Sciences SW revenue 256.6 256.6 280.1 280.1 (8)% (8)% Mainstream Innovation SW revenue 340.0 1.3 341.3 347.7 347.7 (2)% (2)% Services revenue 146.4 146.4 151.5 151.5 (3)% (3)% Software Revenue breakdown by geography Americas revenue 542.7 0.1 542.8 540.6 540.6 +0% +0% Europe revenue 478.2 1.2 479.4 470.3 470.3 +2% +2% Asia revenue 292.9 0.1 292.9 301.5 301.5 (3)% (3)% Gross Margin Cost of Software revenue (118.4) 0.4 (118.0) (127.6) 1.1 (126.5) (7)% (7)% Software Gross margin (1) 91.0% 91.0% 90.3% 90.4% Cost of Services revenue (118.6) (1.4) (120.0) (125.3) 2.3 (123.0) (5)% (2)% Services Gross margin 19.0% 18.0% 17.3% 18.8% (1) No amortization of acquired intangible assets and of tangible assets revaluation is included in Software Gross margin calculation Three months ended September 30, Increase (Decrease)
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36 © Dassault Systèmes | Confidential Information | 2025 IFRS – NON-IFRS RECONCILIATION QTD Expenses & Earnings (In € million, except % and per share data) 2025 IFRS Adjustment 2025 Non-IFRS 2024 IFRS Adjustment 2024 Non-IFRS IFRS Non-IFRS Total Operating Expenses (1,158.0) 136.5 (1,021.6) (1,187.7) 156.5 (1,031.2) (3)% (1)% Share-based compensation expense and related social charges (39.6) 39.6 (63.4) 63.4 Amortization of acquired intangible assets and of tangible assets revaluation (83.5) 83.5 (88.5) 88.5 Lease incentives of acquired companies (0.3) 0.3 (0.4) 0.4 Other operating income and expense, net (13.0) 13.0 (4.2) 4.2 Operating Income 302.1 137.8 439.9 276.2 156.5 432.6 +9% +2% Operating Margin 20.7% 30.1% 18.9% 29.6% Financial income (loss), net 24.9 0.5 25.4 32.1 0.6 32.6 (22)% (22)% Income tax expense (54.2) (23.4) (77.6) (68.5) (15.8) (84.3) (21)% (8)% Non-controlling interest 2.2 (0.4) 1.8 (0.0) (0.9) (0.9) N/A (290)% Net Income attributable to shareholders 275.0 114.5 389.6 239.7 140.3 380.1 +15% +2% Diluted earnings per share, in EUR 0.20 0.09 0.29 0.18 0.10 0.29 +10% +2% (In € million) 2025 IFRS Share-based compensation expense and related social charges Lease incentives of acquired companies 2025 Non-IFRS 2024 IFRS Share-based compensation expense and related social charges Lease incentives of acquired companies 2024 Non-IFRS Cost of revenue (236.9) (1.2) 0.1 (238.0) (252.9) 3.3 0.1 (249.5) Research and development expenses (314.3) 19.6 0.1 (294.6) (321.0) 20.4 0.2 (300.4) Marketing and sales expenses (398.7) 6.8 0.1 (391.8) (403.7) 18.9 0.0 (384.8) General and administrative expenses (111.6) 14.4 0.0 (97.2) (117.5) 20.8 0.0 (96.6) Total 39.6 0.3 63.4 0.4 Three months ended September 30, Three months ended September 30, Increase (Decrease)
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37 © Dassault Systèmes | Confidential Information | 2025 IFRS – NON-IFRS RECONCILIATION YTD Revenue and Gross Margin (In € million, except %) 2025 IFRS Adjustment 2025 Non-IFRS 2024 IFRS Adjustment 2024 Non-IFRS IFRS Non-IFRS Total Revenue 4,554.7 2.9 4,557.6 4,459.3 - 4,459.3 +2% +2% Total Revenue breakdown by activity Software revenue 4,119.2 2.9 4,122.1 4,011.8 4,011.8 +3% +3% Licenses and Other software revenue 662.5 662.5 719.8 719.8 (8)% (8)% Subscription and Support revenue 3,456.7 2.9 3,459.6 3,292.0 3,292.0 +5% +5% Recurring portion of Software revenue 84% 84% 82% 82% Services revenue 435.6 435.6 447.6 447.6 (3)% (3)% Total Revenue breakdown by product line Industrial Innovation SW revenue 2,254.9 2,254.9 2,117.9 (0.0) 2,117.9 +6% +6% Life Sciences SW revenue 817.5 817.5 846.6 (0.0) 846.6 (3)% (3)% Mainstream Innovation SW revenue 1,046.8 2.9 1,049.7 1,047.4 1,047.4 (0)% +0% Services revenue 435.6 435.6 447.6 447.6 (3)% (3)% Software Revenue breakdown by geography Americas revenue 1,658.8 0.1 1,658.9 1,619.7 1,619.7 +2% +2% Europe revenue 1,524.8 2.6 1,527.4 1,465.4 1,465.4 +4% +4% Asia revenue 935.5 0.2 935.7 926.6 926.6 +1% +1% Gross Margin Cost of Software revenue (367.7) 3.8 (363.9) (364.4) 2.8 (361.6) +1% +1% Software Gross margin (1) 91.1% 91.2% 90.9% 91.0% Cost of Services revenue (394.2) 14.2 (380.1) (385.0) 8.9 (376.2) +2% +1% Services Gross margin 9.5% 12.7% 14.0% 16.0% (1) No amortization of acquired intangible assets and of tangible assets revaluation is included in Software Gross margin calculation Nine months ended September 30, Increase (Decrease)
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38 © Dassault Systèmes | Confidential Information | 2025 IFRS – NON-IFRS RECONCILIATION YTD Expenses & Earnings (In € million, except % and per share data) 2025 IFRS Adjustment 2025 Non-IFRS 2024 IFRS Adjustment 2024 Non-IFRS IFRS Non-IFRS Total Operating Expenses (3 706,5) 520,9 (3 185,6) (3 583,1) 470,8 (3 112,4) +3% +2% Share-based compensation expense and related social charges (235,8) 235,8 (175,9) 175,9 Amortization of acquired intangible assets and of tangible assets revaluation (257,2) 257,2 (274,1) 274,1 Lease incentives of acquired companies (1,1) 1,1 (1,5) 1,5 Other operating income and expense, net (26,8) 26,8 (19,2) 19,2 Operating Income 848,2 523,8 1 372,1 876,2 470,8 1 347,0 (3)% +2% Operating Margin 18,6% 30,1% 19,6% 30,2% Financial income (loss), net 85,1 1,6 86,8 95,5 2,1 97,6 (11)% (11)% Income tax expense (182,6) (77,8) (260,4) (184,4) (83,8) (268,2) (1)% (3)% Non-controlling interest 8,3 (6,0) 2,3 0,9 (2,8) (1,9) N/A (221)% Net Income attributable to shareholders 759,1 441,7 1 200,7 788,2 386,2 1 174,4 (4)% +2% Diluted earnings per share, in EUR 0,57 0,33 0,91 0,61 0,28 0,89 (6)% +2% (In € million) 2025 IFRS Share-based compensation expense and related social charges Lease incentives of acquired companies 2025 Non-IFRS 2024 IFRS Share-based compensation expense and related social charges Lease incentives of acquired companies 2024 Non-IFRS Cost of revenue (761,9) 17,6 0,4 (743,9) (749,4) 11,2 0,4 (737,8) Research and development expenses (1 011,7) 81,0 0,4 (930,3) (958,5) 58,7 0,7 (899,1) Marketing and sales expenses (1 293,1) 71,0 0,3 (1 221,9) (1 247,7) 55,7 0,2 (1 191,8) General and administrative expenses (355,8) 66,2 0,1 (289,5) (334,1) 50,3 0,1 (283,7) Total 235,8 1,1 175,9 1,5 Nine months ended September 30, Nine months ended September 30, Increase (Decrease)
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39 © Dassault Systèmes | Confidential Information | 2025 FINANCIAL INCOME (LOSS), NET Non - IFRS (In € million) 2025 2024 YoY 2025 2024 YoY Interest Income 36.9 46.6 (9.8) 117.5 137.7 (20.2) Interest Expense (5.0) (6.6) 1.6 (15.4) (16.7) 1.4 Interest Expense on cap lease (IFRS 16) (4.8) (5.8) 1.0 (14.4) (16.6) 2.2 Financial net Income (loss) 27.1 34.3 (7.2) 87.8 104.4 (16.6) Exchange Gain / (Loss) (1.0) (1.3) 0.3 0.2 (5.7) 5.9 Other Income / (Loss) (0.7) (0.3) (0.3) (1.3) (1.1) (0.1) Total 25.4 32.6 (7.2) 86.8 97.6 (10.8) Three months ended September 30, Nine months ended September 30,
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40 © Dassault Systèmes | Confidential Information | 2025 3Q25 3Q25 3Q24 1.17 3Q24 172.29 1.10 163.95 in average in average in average in average 1.10 -> 1.17 163.95 -> 172.29 Average EUR/$ rate Average EUR/¥ rate EUR/$ – 3Q25/3Q24 Variance EUR/¥ – 3Q25/3Q24 Variance EXCHANGE RATE EVOLUTION From assumptions to actual data – Non-IFRS Revenue Operating Expenses 2024 2025 % change EUR/USD 1.10 1.17 +6% EUR/JPY 163.95 172.29 +5% EUR/USD 1.09 1.12 +3% EUR/JPY 164.29 165.63 +1% QTD Average Exchange rates USD 6.9%JPY 48.6% 46.2% Breakdown of P&L by currency for YTD 25 2.7% YTD
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41 © Dassault Systèmes | Confidential Information | 2025 ACTUAL FX IMPACT ON 3Q25 VS GUIDANCE LOW In € million, except % Revenue Operating Expenses Operating Income Operating Margin 3Q25 Guidance LOW 1,484.6 (1,043.2) 441.4 29.7% Growth YoY +1.4% +1.2% +2.0% +0.2pt USD impact 0.3 (0.2) 0.1 +0.0pt JPY impact (1.6) 0.4 (1.2) (0.0)pt Other currencies incl. hedging (15.3) 8.1 (7.2) (0.2)pt Total FX currencies incl. hedging (16.6) 8.4 (8.2) (0.2)pt Activity (6.5) 13.3 6.8 +0.6pt Delta: Reported vs guidance (23.1) 21.7 (1.5) +0.4pt 3Q25 Reported 1,461.5 (1,021.6) 439.9 30.1% Growth YoY (0.2)% (0.9)% +1.7% +0.5pt 3Q24 Reported 1,463.9 (1,031.2) 432.6 29.6% Non - IFRS
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42 © Dassault Systèmes | Confidential Information | 2025 ACTUAL FX IMPACT ON 3Q25 Revenue Expenses Operating Income Operating Margin In € million, except % Revenue Expenses Operating Income Operating Margin 1,463.9 (1,031.2) 432.6 29.6% 2024 4,459.3 (3,112.4) 1,347.0 30.2% (43.9) 28.7 (15.2) (0.2)pt USD impact (62.2) 41.2 (20.9) (0.0)pt (4.6) 1.3 (3.3) (0.1)pt JPY impact (2.5) 0.7 (1.8) (0.0)pt (18.4) 10.2 (8.1) (0.2)pt Other impacts (35.1) 13.5 (21.6) (0.2)pt (66.9) 40.3 (26.6) (0.5)pt Total FX effect (99.7) 55.4 (44.3) (0.3)pt 1,397.0 (991.0) 406.0 29.1% 2024 ex FX 4,359.6 (3,056.9) 1,302.7 29.9% 5% 3% 8% +1.0pt Growth ex FX 5% 4% 5% +0.2pt 1,461.5 (1,021.6) 439.9 30.1% 2025 4,557.6 (3,185.6) 1,372.1 30.1% 0% -1% 2% +0.5pt Growth 2% 2% 2% (0.1)pt QTD YTD Non - IFRS
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43 © Dassault Systèmes | Confidential Information | 2025 CONSOLIDATED STATEMENT OF CASH FLOWS 3Q25 In millions of € YTD 25 YTD 24 Variation Net income attributable to equity holders of the parent 759,1 788,2 (29,1) Non-controlling interest (8,3) (0,9) (7,3) Net income 750,8 787,2 (36,5) Non-cash items 476,2 535,4 (59,2) Net income adjusted for non-cash items 1 226,9 1 322,6 (95,7) Operating working capital 156,1 85,4 70,6 Non operating working capital (49,5) (60,3) 10,8 Changes in working capital 106,6 25,2 81,4 Net Cash From Operating Activities (I) 1 333,5 1 347,8 (14,2) Additions to property, equipment and intangible assets (123,4) (144,3) 20,9 Payment for acquisition of businesses, net of cash acquired (203,5) (18,3) (185,2) Other (35,4) 23,9 (59,2) Net Cash Provided by (Used in) Investing Activities (II) (362,2) (138,7) (223,5) Proceeds from exercise of stock options 39,7 44,0 (4,3) Cash dividends paid (342,6) (302,7) (39,9) Repurchase and sale of treasury stock (336,6) (373,5) 36,9 Capital increase 111,3 - 111,3 Acquisition of non-controlling interests (218,0) (3,3) (214,7) Proceeds from borrowings 95,1 300,0 (204,9) Repayment of borrowings (18,5) (700,7) 682,2 Repayment of lease liabilities (75,3) (61,0) (14,3) Net Cash Provided by (Used in) Financing Activities (III) (744,9) (1 097,1) 352,2 Effect of exchange rate changes on cash and cash equivalents (IV) (269,3) (22,6) (246,7) Increase (decrease) in cash and cash equivalents (V) = (I)+(II)+(III)+(IV) (42,9) 89,4 (132,2) Cash and cash equivalents at beginning of period 3 952,6 3 568,3 Cash and cash equivalents at end of period 3 909,7 3 657,7 IFRS
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44 © Dassault Systèmes | Confidential Information | 2025 BALANCE SHEET IFRS End of End of Variation Sep-25 Dec-24 Sep-25 / Dec-24 Cash and cash equivalents 3,909.7 3,952.6 -42.9 Trade accounts receivable, net 1,548.8 2,120.9 -572.2 Contract assets 52.9 30.1 +22.7 Other current assets 463.8 464.0 -0.2 Total current assets 5,975.2 6,567.6 -592.5 Property and equipment, net 887.3 945.8 -58.5 Goodwill and Intangible assets, net 6,952.8 7,687.1 -734.3 Other non-current assets 334.9 345.5 -10.6 Total non-current assets 8,174.9 8,978.3 -803.4 Total Assets 14,150.1 15,545.9 -1,395.8 Trade accounts payable 220.0 259.9 -40.0 Contract liabilities 1,362.5 1,663.4 -301.0 Borrowings, current 1,443.3 450.8 +992.5 Other current liabilities 831.6 1,147.4 -315.8 Total current liabilities 3,857.4 3,521.5 +335.8 Borrowings, non-current 1,145.5 2,042.8 -897.3 Other non-current liabilities 836.5 900.9 -64.4 Total non-current liabilities 1,982.0 2,943.7 -961.7 Non-controlling interest 5.5 14.1 -8.6 Parent Shareholders' equity 8,305.3 9,066.6 -761.3 Total Liabilities 14,150.1 15,545.9 -1,395.8 (in millions of €)
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45 © Dassault Systèmes | Confidential Information | 2025 OPERATING CASH FLOW EVOLUTION YTD25 € million YTD25 YTD24 Changes Operating Cash Flow +1,334 +1,348 -14 Down -1% year over year Net income adjusted for non cash items +1,227 +1,323 -96 Down -7% year over year Decrease in trade accounts receivable and contract assets +417 +328 +89 Balance up +20% ex-FX YoY DSO at 98 days, +13 days YoY, -11 days vs 4Q24 Decrease in contract liability -198 -93 -105 Balance up +3% ex-FX YoY Decrease in accrued compensation -50 -103 +53 Lower decrease in accrued compensation vs. last year due to an increase in the employer' contribution rate in France Decrease in accounts payable -13 -47 +34 Increase (Decrease) in income taxes payable +34 -18 +52 Higher income tax accruals Other -83 -42 -41 Higher VAT due to higher end of last year activity, higher prepaid expenses YTD25 YTD24 Changes +1,334 +1,348 -14 +1,227 +1,323 -96 +156 +85 +71 -49 -60 +11 Operating Working Capital Non Operating Working Capital IFRS
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46 © Dassault Systèmes | Confidential Information | 2025 IFRS DSO in days 85 109 99 95 98 3Q24 4Q24 1Q25 2Q25 3Q25
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47 © Dassault Systèmes | Confidential Information | 2025 HEADCOUNT BY DESTINATIONS – 3Q25 Overview 3Q25 3Q24 % growth M&S + COR Ser 12,250 11,986 +2.2% R&D + COR SW 11,717 11,913 -1.7% G&A 2,103 2,096 +0.3% Total 26,070 25,996 +0.3% At Closing - TOTAL
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48 © Dassault Systèmes | Confidential Information | 2025 Accounting elements not included in the non-IFRS 2025 Objectives IFRS 2025 FINANCIAL OBJECTIVES • FY 2025 estimated contract liabilities write-down: ~€4 M • FY 2025 estimated share-based compensation expense, including related social charges: ~€288 M, these estimates do not include any new stock option or share grants issued after September 30, 2025 • FY 2025 estimated amortization of acquired intangible assets and of tangible assets revaluation ~€337 M • FY 2025 estimated lease incentives of acquired companies: ~€1 M • The non-IFRS objectives also do not include any impact from other operating income and expense, net principally comprised of acquisition, integration and restructuring expenses, and impairment of goodwill and acquired intangible assets; from one-time items included in financial revenue; from one-time tax effects; and from the income tax effects of these non-IFRS adjustments • Finally, these estimates do not include any new acquisitions or restructurings completed after September 30, 2025
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