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© Dassault Systèmes | Confidential Information | 2026 DASSAULT SYSTÈMES 4Q & FY25 Earnings Presentation February 11th 2026 Pascal Daloz CEO Rouven Bergmann CFO
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2 © Dassault Systèmes | Confidential Information | 2026 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 Registration 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 resources m ay 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, which 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 service s; • 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 cost 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 upswin g 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$1.18 per €1.00 as well as an average Japanese yen to euro exchange rate of JPY170.0 to €1.00, before hedging for the first quarter 2026. The Group has assumed an average US dollar to euro exchange rate of US$1.18 per €1.00 as well as an a verage Japanese yen to euro exchange rate of JPY170.0 to €1.00, before hedging for the full year 2026. 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 | 2026 NON-IFRS INFORMATION Readers are cautioned that the supplemental non-IFRS financial information presented in this earning 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 earning 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 measure and reconciliations of this information with non-IFRS information.
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4 © Dassault Systèmes | Confidential Information | 2026 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 end-to-end software solutions and services: its 3D UNIV+RSES ─ made of multiple virtual twin experiences that are powered by artificial intelligence and developed on the 3DEXPERIENCE platform ─ combine modeling, simulation, data science, 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. Net cash position Cash and cash equivalents and short-term investments minus borrowings Free Cash Flow Operating cash flow + Acquisition of property, plant and equipment and of intangible assets + Repayment of lease liabilities
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5 © Dassault Systèmes | Confidential Information | 2026 AGENDA Strategy & Operational Highlights Financial Highlights & Objectives Financial Information Appendix
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6 © Dassault Systèmes | Confidential Information | 2026 BUILDING THE FOUNDATION FOR SUSTAINABLE GROWTH *Digital Mock Up | **Product Data Management | ***Product Lifecycle Management 1981 3D Design 2012 3DEXPERIENCE® platform 1999 3D PLM*** 2020 Virtual Twin Experience of Humans INDUSTRY METAMORPHOSISHUMANEXPERIENCE 1989 3D DMU* 3D PDM** 2025/2026 FOUNDATION YEARS TO REVEAL… AI FOR INDUSTRIES
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7 © Dassault Systèmes | Confidential Information | 2026 2025 BUILDING THE FOUNDATION FOR SUSTAINABLE GROWTH 2026 Winning with 3DEXPERIENCE and Cloud Headwinds from MEDIDATA & CENTRIC PLM Opening a new era with 3D UNIV+RSES Leveraging operational efficiencies while preserving investments +4% TOTAL REVENUE +7% EPS 2025 ACTUALS Low end of objectives +3-5% TOTAL REVENUE +3-6% EPS 2026 OBJECTIVES Transforming existing clients by turning headwinds into advantages Non-IFRS – All growth ex-FX Conquesting new frontiers in Life Sciences and Consumer industries while expanding within our clients Expanding 3D UNIV+RSES to turn AI into concrete value Transforming our business
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8 © Dassault Systèmes | Confidential Information | 2026 • Targeted and integrated customer engagement in Life Sciences • Developing an end-to-end approach in consumer industries • Transformation of distribution partners to boost demand with new leadership (ie. Transformation and Operation officers) • Monetizing AI-powered Virtual Twins with scalable pricing models • Ongoing transition to Cloud and subscription • Accelerating the shift to 3D UNIV+RSES by further aligning resources and investments Go to market Business models Product offering TRANSFORMING OUR BUSINESS
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9 © Dassault Systèmes | Confidential Information | 2026 GAME CHANGING VALUE PROPOSITION FOR OUR CLIENTS Manufacturing Industries Life Sciences & Healthcare Infrastructure & Cities 25-40% efficiency gains with CATIA Systems Reducing program cycles to <18 months Enhancing competitiveness with 3DEXPERIENCE platform 30-50% less errors with pre-build physical simulation 100GW additional computation power by 2030 for AI factory Reducing time by 25%+ in complex infrastructure projects with 3DEXPERIENCE platform 30%+ cut in operating costs and increase quality control with end-to-end solutions from Lab to Manufacturing Transportation & Mobility Aerospace & Defense 1 percentage of Non-IFRS FY25 Software revenue
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10 © Dassault Systèmes | Confidential Information | 2026 TRANSFORMING TRANSPORTATION & MOBILITY Global automotive technology designing and manufacturing systems and components Training AI-powered Virtual Twins on synthetic data Generating thousands of design alternatives Evaluating options by combining model-centric engineering and MODSIM GENERATIVE EXPERIENCES VALEO Adopting
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11 © Dassault Systèmes | Confidential Information | 2026 DISRUPTING LIFE SCIENCES A global CRO delivering flexible, oncology-focused clinical research solutions Enabling next-generation clinical trials Building scalable, resilient clinical infrastructure Aligning with their AI roadmap for future innovation MEDIDATA CATALYST a Worldwide Clinical Trials company Expand partnership with From Data to Patient Experience
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12 © Dassault Systèmes | Confidential Information | 2026 REDEFINING INFRASTRUCTURE & CITIES Leader in nuclear engineering, specialising in compact reactors ENGINEERING EXCELLENCETECHNICATOME Breaking silos to connect the entire ecosystem in a unified environment Ensuring full traceability and compliance by design Adopting
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13 © Dassault Systèmes | Confidential Information | 2026 3D UNIV+RSES: POWERING THE GENERATIVE ECONOMY A Virtual + Real Economy AI FOR INDUSTRIES
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14 © Dassault Systèmes | Confidential Information | 2026 WORLD MODELS INDUSTRY COMMERCIAL AIRCRAFT INDUSTRIAL FACILITIES ADVANCED THERAPIES SCIENCE-BASED AI, GROUNDED IN INDUSTRIAL CORPUSES
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15 © Dassault Systèmes | Confidential Information | 2026 VIRTUAL TWIN FACTORIES ACCELERATED BY AI FACTORIES
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17 © Dassault Systèmes | Confidential Information | 2026 RESEARCH AND INNOVATION FACTORIES OF THE FUTURE NEW WAYS OF WORKING DASSAULT SYSTÈMES AND NVIDIA PARTNER TO BUILD THE INDUSTRIAL AI PLATFORM POWERING VIRTUAL TWINS
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18 © Dassault Systèmes | Confidential Information | 2026 NEW VALUE PROPOSITION FOR OUR CLIENTS V+R scientific representation of a product, asset or service to create and operate it in the real world Virtual Twin as a Service Generative Experiences Virtual Companions Reveal and enrich the Virtual Twin based on industry know-how Embody industry Knowledge & Know-How Assist, teach & perform
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19 © Dassault Systèmes | Confidential Information | 2026 VALUE CREATION + USAGE-BASEDUSER-BASED + OUTCOME-BASED A SCALABLE MODEL FOR LONG-TERM VALUE CREATION VIRTUAL COMPANIONS GENERATIVE EXPERIENCES VIRTUAL TWIN AS A SERVICE MONETIZATION ROLES & PROCESSES VALUE OF KNOW-HOW VALUE OF WORK VALUE OF KNOWLEDGE
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20 © Dassault Systèmes | Confidential Information | 2026 CAPITAL MARKETS DAY NOVEMBER 2026, PARIS upcoming
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21 © Dassault Systèmes | Confidential Information | 2026 AGENDA Strategy & Operational Highlights Financial Highlights & Objectives Financial Information Appendix
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22 © Dassault Systèmes | Confidential Information | 2026 82% Non-IFRS – All growth ex-FX 4Q25 & FY25 PERFORMANCE AT A GLANCE P&L 4Q25 FY25 Total Revenue (€M) 1,682 6,240 Total Revenue +1% +4% Operating Margin 37.0% 32.0% Operating Margin improvement1 +0.9pts +0.4pts EPS (€) 0.40 1.31 EPS +9% +7% 1. Operating margin improvement ex -FX | 2. Recurring revenue within software revenue | 3 . Subscription revenue within recurring revenue Revenue growth 4Q25 FY25 Software Revenue +0% +4% Upfront License Revenue -7% -6% Recurring Revenue +3% +6% o/w Subscription Revenue +4% +11% Service Revenue +11% +2% 2 Subscription % Recurring 80% in FY24 Recurring % Software 49% 47% in FY24 3 +2 pts +2 pts
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23 © Dassault Systèmes | Confidential Information | 2026 Non-IFRS - All growth ex-FX 4Q25 & FY25 GROWTH DRIVERS: 3DEXPERIENCE & CLOUD 39% in FY24 24% in FY24 4Q25 +9% -3% 3DEXPERIENCE Cloud Revenue +38% 4Q25 1 Eligible Software Revenue excludes SOLIDWORKS, MEDIDATA, CENTRIC PLM and recent acquisitions 1 YTD25 +10% +32% +8% YTD25 % Software revenue Non-IFRS – All growth ex-FX
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24 © Dassault Systèmes | Confidential Information | 2026 Non-IFRS - Comments for 4Q25 unless otherwise noted SOFTWARE REVENUE BY REGION AMERICAS 4Q25: +3%* FY25: +5%* Share 39%** Good dynamic in High Tech, Transportation & Mobility and Home & Lifestyle. Negatively impacted by Life Sciences. Double digit growth excluding Life Sciences and Home & Lifestyle in 2025. ASIA 4Q25: +6%* FY25: +5%* | Share 22%** Robust performance driven by Transportation & Mobility and High Tech with strong growth in Korea. Excluding Home & Lifestyle good momentum in India. Japan performing well, softness in China. EUROPE 4Q25: -5%* FY25: +2%* | Share 38%** Strong base of comparison, particularly in France, Germany and Southern Europe while good momentum in Northern Europe. Transportation & Mobility solid despite macro challenges and strong performance in High Tech. * YOY Growth ex-FX ** FY25
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25 © Dassault Systèmes | Confidential Information | 2026 Non-IFRS – All growth ex-FX SOFTWARE REVENUE BY PRODUCT LINE Highlights Solid performance in 2025, with good traction in SIMULIA and ENOVIA, resilience in CATIA; growth impacted by a strong baseline in 4Q. Strong growth continues for SOLIDWORKS up 9% in 4Q, offset by CENTRIC PLM impacted by a strong baseline. Accelerating Cloud adoption for future growth. MEDIDATA impacted by lower study volume, -7% in 2025. At the same time, we are expanding market share in phase II / III trials. 4Q25 FY25 Industrial Innovation +1% +6% Mainstream Innovation +1% +2% Life Sciences -4% -2% Total +0% +4%
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26 © Dassault Systèmes | Confidential Information | 2026 Non-IFRS, FY25 – Growth of software revenue by business model; Direct vs. Indirect LIFE SCIENCES INDUSTRY SOFTWARE REVENUE DIRECT MODEL INDIRECT MODEL +1% +7%+6% Excl. Moderna -5% MEDIDATA and 3DEXPERIENCE offering growing 3% Volume contraction and continued cancellations with CROs, declining -5% ENTERPRISE BUSINESS VOLUME BUSINESS Adopting an integrated customer engagement model across all brands Adjusting our pricing to reduce study by study volatility 1 % of Software revenue in Life Sciences industry for FY25
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27 © Dassault Systèmes | Confidential Information | 2026 IFRS unless otherwise noted FY25 CASH PERFORMANCE FY24 (reported) FY24 ex-FX FY25 1,660 1,621 1,630 +1% Operating Cash Flow FY24 (reported) FY24 ex-FX FY25 1,387 1,356 1,380 +2% Free Cash Flow1 FY24 FY25 84% 82% Cash Conversion (Operating Cash Flow/Operating Income2) OCF +3% ex-FX, adjusted for cash impact due to increase in social charges, and exceptional income tax in France FCF +5% ex-FX adjusted for cash impact due to increase in social charges, and exceptional income tax in France Cash conversion improved versus prior outlook of 78-80% Free Cash Flow is defined as Operating cash flow + Acquisitions of property, plant & equipment and Intangible assets + Repayment of lease liabilities; Non-IFRS
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28 © Dassault Systèmes | Confidential Information | 2026 +1,188 +565 +102 +81 -225 -658 -90 -185 -343 -263 3,953 4,125 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 4Q 2025 Operating cash flow: +€1,630M vs. +€1,660 M in 4Q 2024 YTD (-€30 M / -2%) (+€9 M / +1% ex-FX) B o rr o w in g s 4 Q 2 0 2 4 R e p a y m e nt s, n et of p r o c e… F X i m p a ct a n d ot h e r B o rr o w in g s 4 Q 2 0 2 5 4,125 1,530 -2,595 Cash & Cash equivalents 4Q 2025 Borrowings 4Q 2025 Net Cash position 4Q 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 December 2025: €2,595 M Net cash position: €1,530 MBorrowings at €2,595 M, increase of €102 M vs. 4Q 2024 Net cash position = Cash and cash equivalents and short-term investments minus borrowings CHANGE IN CASH AND DEBT POSITION AS AT DECEMBER 31, 2025
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29 © Dassault Systèmes | Confidential Information | 2026 INTRODUCING ANNUAL RUN RATE (ARR) ARR is defined as the annual value of all active software subscriptions, cloud/ SaaS, hosting & support contracts at the end of reporting period ARR as an operating measure to assess the health of our recurring business growth ARR growth of 6% on average ARR growth drivers 3DEXPERIENCE & Cloud pull-through effect 3D UNIV+RSES expansion & monetization MEDIDATA back to growth Virtual Twin for Pharma CENTRIC PLM back to growth and Cloud acceleration
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30 © Dassault Systèmes | Confidential Information | 2026 30 Non-IFRS – All growth ex-FX (unless otherwise noted) 1,481 - 1,541 Total Revenue (€M) 6,290 - 6,410 +1 - 5% Total Revenue +3 - 5% +1 - 5% Software Revenue +3 - 5% +4 - 10% Service Revenue +2 - 6% 29.2% - 30.7% Operating Margin (%) 32.2% - 32.6% 0.28 - 0.31 EPS (€) 1.30 - 1.34 -11 to -3% EPS Reported -1 to +2% -2 to +6% EPS +3 - 6% ~17.3% Tax rate ~17.8% 1.18 €/$ FX 1.18 170.0 €/¥ FX 170.0 FY 20261Q 2026
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31 © Dassault Systèmes | Confidential Information | 2026 GUIDING FRAMEWORK FOR 2026
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32 © Dassault Systèmes | Confidential Information | 2026 AGENDA Strategy & Operational Highlights Financial Highlights & Objectives Financial Information Appendix
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33 © Dassault Systèmes | Confidential Information | 2026 Non-IFRS – All growth ex-FX (unless otherwise noted) 1,481 - 1,541 Total Revenue (€M) 6,290 - 6,410 +1 - 5% Total Revenue +3 - 5% +1 - 5% Software Revenue +3 - 5% +0 - 8% Upfront License Revenue -1 to +2% +1 - 4% Recurring Revenue +5 - 6% +0 - 5% o/w Subscription Revenue +8 - 10% +4 - 10% Service Revenue +2 - 6% 29.2% - 30.7% Operating Margin (%) 32.2% - 32.6% 0.28 - 0.31 EPS (€) 1.30 - 1.34 -11 to -3% EPS Reported -1 to +2% -2 to +6% EPS +3 - 6% ~17.3% Tax rate ~17.8% 1.18 €/$ FX 1.18 170.0 €/¥ FX 170.0 FY 20261Q 2026
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34 © Dassault Systèmes | Confidential Information | 2026 • ARR is the annual value of all active subscription software, SaaS, hosting & support contracts as of the end of the reporting period • Active contracts are annualized by dividing the total active contract value by the contract duration in days (end date minus start date), then multiplying that by 360 days • Active Contract refers to contract value for which orders have been submitted. • For contracts that include annual values that change over time, we include in ARR only the annual value of components of the contract that are considered active as of the date of the ARR calculation • A contract or component of the contract is considered active only between the contractual start and end dates • For ramp contracts, only the portion where the customer has already submitted an order is included. Future ramped amounts are excluded until they are activated • For Medidata Study by Study contracts that are not contractually renewable, only the contractually committed portion is counted in the ARR • No assumptions are taken regarding future customer renewals or future committed increase • ARR is composed of 2 elements : Subscription annual run rate (SAAR) and maintenance annual run rate (MAAR) • We believe ARR is a valuable operating measure to assess the health of our recurring business because it is aligned with the amount that we invoice the customer on an annual basis. We generally invoice customers annually for the current year of the active contract • ARR increases by the annual value of active contracts that commence in a reporting period and decreases by the annual value of contracts that expire in the reporting period • ARR is not annual recurring revenue, and is therefore not affected by revenue recognition standards, including point in time revenue recognition of on-premises license subscription INTRODUCING ANNUAL RUN RATE (ARR) Detailed definition
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35 © Dassault Systèmes | Confidential Information | 2026 5 Years Year 1 Year 2 Year 3 Year 4 Year 5 TCV: 100M Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Revenue 52,5 2,5 2,5 2,5 2,5 2,5 2,5 2,5 2,5 2,5 2,5 2,5 2,5 2,5 2,5 2,5 2,5 2,5 2,5 2,5 Order Value 20 20 20 20 20 ARR end of each quarter 20 20 20 20 20 Billing 20 20 20 20 20 5 Years Year 1 Year 2 Year 3 Year 4 Year 5 TCV: 100M Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Revenue 52,5 2,5 2,5 2,5 2,5 2,5 2,5 2,5 2,5 2,5 2,5 2,5 2,5 2,5 2,5 2,5 2,5 2,5 2,5 2,5 Order Value 10 15 20 25 30 ARR end of each quarter 10 15 20 25 30 Billing 10 15 20 25 30 Case 1: Multi Year on premise deal Case 2: Multi Year on premise deal with Ramp INTRODUCING ANNUAL RUN RATE (ARR) Illustrative example 5 Years Year 1 Year 2 Year 3 Year 4 Year 5 TCV: 100M Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Revenue 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 Order Value 20 20 20 20 20 ARR end of each quarter 20 20 20 20 20 Billing 20 20 20 20 20 Case 3: Multi Year cloud deal
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36 © Dassault Systèmes | Confidential Information | 2026 4Q25 ACTUALS VS OBJECTIVES Non-IFRS Operating Margin EPSTotal Revenue in % in € At guidance low, ex-FX impact 4Q25 EUR/USD from 1.17 in guidance to 1.16 in actuals; and EUR/JPY from 170.0 in guidance to 179.2 in actuals | 4Q25 Effective Tax Rate from 16.2% in guidance to 16.3% in actuals in m€ Guidance Low 1 Performance (16) Currency impact Actuals 1,697 1,682 Guidance Low (0.2) Currency impact Actuals 37.2% 37.0% Guidance Low (0.01) Currency impact Actuals 0.41 0.40 Protecting profitability ex-FX, thanks to operational efficiency while we continue to invest At guidance low, ex-FX impact
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37 © Dassault Systèmes | Confidential Information | 2026 SOFTWARE REVENUE BY REGION IFRS Americas Europe Asia 4Q25 4Q24 FY25 FY24 39% 38% 22% 39% 38% 22% 37% 42% 21% 37% 43% 20% in MEUR 4Q25 4Q24 Growth Growth ex FX FY25 FY24 Growth Growth ex FX Americas 566 595 (5)% +3% 2,225 2,215 +0% +5% Europe 641 685 (6)% (5)% 2,166 2,150 +1% +2% Asia 315 321 (2)% +6% 1,251 1,248 +0% +5% Software revenue 1,522 1,601 (5)% +0% 5,641 5,613 +0% +4%
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38 © Dassault Systèmes | Confidential Information | 2026 SOFTWARE REVENUE BY REGION Non - IFRS Americas Europe Asia 4Q25 4Q24 FY25 FY24 39% 38% 22% 39% 38% 22% 37% 42% 21% 37% 43% 20% in MEUR 4Q25 4Q24 Growth Growth ex FX FY25 FY24 Growth Growth ex FX Americas 566 595 (5)% +3% 2,225 2,215 +0% +5% Europe 642 685 (6)% (5)% 2,169 2,150 +1% +2% Asia 315 321 (2)% +6% 1,251 1,248 +0% +5% Software revenue 1,523 1,601 (5)% +0% 5,645 5,613 +1% +4%
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39 © Dassault Systèmes | Confidential Information | 2026 SOFTWARE REVENUE BY PRODUCT LINE Industrial Innovation SW revenue Life Sciences SW revenue Mainstream Innovation SW revenue 4Q25 4Q24 FY25 FY24 56% 19% 25% 54% 20% 26% 58% 17% 25% 56% 19% 25% in MEUR 4Q25 4Q24 Growth Growth ex FX FY25 FY24 Growth Growth ex FX Industrial Innovation SW revenue 880 902 (2)% +1% 3,134 3,020 +4% +6% Life Sciences SW revenue 264 298 (11)% (4)% 1,081 1,144 (6)% (2)% Mainstream Innovation SW revenue 379 402 (6)% +1% 1,425 1,449 (2)% +2% Software revenue 1,522 1,601 (5)% +0% 5,641 5,613 +0% +4% Non - IFRS
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40 © Dassault Systèmes | Confidential Information | 2026 SOFTWARE REVENUE BY PRODUCT LINE Industrial Innovation SW revenue Life Sciences SW revenue Mainstream Innovation SW revenue 4Q25 4Q24 FY25 FY24 56% 19% 25% 54% 20% 26% 58% 17% 25% 56% 19% 25% in MEUR 4Q25 4Q24 Growth Growth ex FX FY25 FY24 Growth Growth ex FX Industrial Innovation SW revenue 880 902 (2)% +1% 3,134 3,020 +4% +6% Life Sciences SW revenue 264 298 (11)% (4)% 1,081 1,144 (6)% (2)% Mainstream Innovation SW revenue 380 402 (6)% +1% 1,429 1,449 (1)% +2% Software revenue 1,523 1,601 (5)% +0% 5,645 5,613 +1% +4% Non - IFRS
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41 © Dassault Systèmes | Confidential Information | 2026 SOFTWARE REVENUE EVOLUTION Recurring Non Recurring in MEUR 4Q25 4Q24 Growth Growth ex FX FY25 FY24 Growth Growth ex FX Recurring Subscription and Support revenue 1,165 1,196 (3)% +3% 4,624 4,488 +3% +6% of which Subscription revenue 576 590 (2)% +4% 2,265 2,106 +8% +11% Non Recurring Licenses and Other software revenue 358 405 (12)% (7)% 1,021 1,125 (9)% (6)% Software revenue 1,523 1,601 (5)% +0% 5,645 5,613 +1% +4% 4Q25 4Q24 FY25 FY24 82% 18% 80% 20% 76% 24% 75% 25% *including CAA & AD reclass from Licenses & Other to Subscription in 2025 * * * * * * Non - IFRS
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42 © Dassault Systèmes | Confidential Information | 2026 IFRS P&L Three months ended December 31, Twelve months ended December 31, (In € million, except % and per share data) 2025 2024 YoY 2025 2024 YoY Software revenue 1,521.9 1,601.5 (5)% 5,641.0 5,613.3 +0% Licenses and Other software revenue 358.2 405.4 (12)% 1,020.7 1,125.2 (9)% Subscription and Support revenue 1,163.6 1,196.1 (3)% 4,620.3 4,488.1 +3% Services revenue 159.1 152.8 +4% 594.7 600.3 (1)% Total revenue 1,681.0 1,754.2 (4)% 6,235.8 6,213.6 +0% Cost of Software revenue (131.7) (134.1) (2)% (499.4) (498.5) +0% Cost of Services revenue (121.0) (132.7) (9)% (515.2) (517.8) (0)% Research and development expenses (311.6) (327.7) (5)% (1,323.3) (1,286.2) +3% Marketing and sales expenses (404.8) (456.6) (11)% (1,697.9) (1,704.3) (0)% General and administrative expenses (105.5) (136.4) (23)% (461.3) (470.5) (2)% Amortization of acquired intangible assets and of tangible assets revaluation (80.4) (87.5) (8)% (337.6) (361.6) (7)% Other operating income and expense, net (20.0) 4.2 N/A (46.7) (15.0) +210% Total operating expenses (1,175.0) (1,270.9) (8)% (4,881.4) (4,854.0) +1% Operating income 506.1 483.4 +5% 1,354.3 1,359.6 (0)% Financial income (loss), net 19.0 22.9 (17)% 104.1 118.4 (12)% Income tax expense (88.2) (95.4) (8)% (270.8) (279.9) (3)% Non-controlling interest 0.0 1.1 (96)% 8.3 2.1 +303% Net Income (to equity holders of the parent) 436.9 412.0 +6% 1,196.0 1,200.2 (0)% Diluted earnings per share (EPS) 0.33 0.30 +11% 0.90 0.90 +0% Average diluted shares (Million) 1,328.4 1,330.0 1,328.5 1,333.4
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43 © Dassault Systèmes | Confidential Information | 2026 IFRS P&L (%) * EBIT: Earnings Before Income Tax Three months ended December 31, Twelve months ended December 31, 2025 2024 2025 2024 % of revenue % of revenue Software revenue 90.5% 91.3% 90.5% 90.3% Licenses and Other software revenue 21.3% 23.1% 16.4% 18.1% Subscription and Support revenue 69.2% 68.2% 74.1% 72.2% Services revenue 9.5% 8.7% 9.5% 9.7% Total revenue 100.0% 100.0% 100.0% 100.0% Cost of Software revenue 7.8% 7.6% 8.0% 8.0% Cost of Services revenue 7.2% 7.6% 8.3% 8.3% Research and development expenses 18.5% 18.7% 21.2% 20.7% Marketing and sales expenses 24.1% 26.0% 27.2% 27.4% General and administrative expenses 6.3% 7.8% 7.4% 7.6% Amortization of acquired intangible assets and of tangible assets revaluation 4.8% 5.0% 5.4% 5.8% Other operating income and expense, net 1.2% 0.2% 0.7% 0.2% Total operating expenses 69.9% 72.4% 78.3% 78.1% Operating income 30.1% 27.6% 21.7% 21.9% Financial income (loss), net 1.1% 1.3% 1.7% 1.9% Income tax rate (% of EBIT *) 16.8% 18.8% 18.6% 18.9% Non-controlling interest 0.0% 0.1% 0.1% 0.0% Net Income (to equity holders of the parent) 26.0% 23.5% 19.2% 19.3%
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44 © Dassault Systèmes | Confidential Information | 2026 NON-IFRS P&L Three months ended December 31, Twelve months ended December 31, (In € million, except % and per share data) 2025 2024 YoY 2025 2024 YoY Software revenue 1,522.8 1,601.5 (5)% 5,644.9 5,613.3 +1% Licenses and Other software revenue 358.2 405.4 (12)% 1,020.7 1,125.2 (9)% Subscription and Support revenue 1,164.6 1,196.1 (3)% 4,624.1 4,488.1 +3% Services revenue 159.1 152.8 +4% 594.7 600.3 (1)% Total revenue 1,682.0 1,754.2 (4)% 6,239.6 6,213.6 +0% Cost of Software revenue (131.4) (133.4) (1)% (495.3) (495.0) +0% Cost of Services revenue (120.4) (128.3) (6)% (500.5) (504.5) (1)% Research and development expenses (303.5) (309.3) (2)% (1,233.8) (1,208.4) +2% Marketing and sales expenses (402.8) (431.4) (7)% (1,624.7) (1,623.3) +0% General and administrative expenses (102.2) (115.0) (11)% (391.7) (398.7) (2)% Total operating expenses (1,060.4) (1,117.5) (5)% (4,245.9) (4,229.8) +0% Operating income 621.6 636.8 (2)% 1,993.6 1,983.7 +0% Financial income (loss), net 19.4 24.0 (19)% 106.1 121.6 (13)% Income tax expense (104.5) (128.6) (19)% (364.9) (396.8) (8)% Non-controlling interest 0.0 (1.5) (103)% 2.3 (3.4) (169)% Net Income (to equity holders of the parent) 536.5 530.7 +1% 1,737.2 1,705.1 +2% Diluted earnings per share (EPS) 0.40 0.40 +1% 1.31 1.28 +2% Average diluted shares (Million) 1,328.4 1,330.0 1,328.5 1,333.4
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45 © Dassault Systèmes | Confidential Information | 2026 NON-IFRS P&L (%) * EBIT: Earnings Before Income Tax Three months ended December 31, Twelve months ended December 31, 2025 2024 2025 2024 % of revenue % of revenue Software revenue 90.5% 91.3% 90.5% 90.3% Licenses and Other software revenue 21.3% 23.1% 16.4% 18.1% Subscription and Support revenue 69.2% 68.2% 74.1% 72.2% Services revenue 9.5% 8.7% 9.5% 9.7% Total revenue 100.0% 100.0% 100.0% 100.0% Cost of Software revenue 7.8% 7.6% 7.9% 8.0% Cost of Services revenue 7.2% 7.3% 8.0% 8.1% Research and development expenses 18.0% 17.6% 19.8% 19.4% Marketing and sales expenses 24.0% 24.6% 26.0% 26.1% General and administrative expenses 6.1% 6.6% 6.3% 6.4% Total operating expenses 63.0% 63.7% 68.0% 68.1% Operating income 37.0% 36.3% 32.0% 31.9% Financial income (loss), net 1.2% 1.4% 1.7% 2.0% Income tax rate (% of EBIT *) 16.3% 19.5% 17.4% 18.8% Non-controlling interest 0.0% 0.1% 0.0% 0.1% Net Income (to equity holders of the parent) 31.9% 30.3% 27.8% 27.4%
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46 © Dassault Systèmes | Confidential Information | 2026 (In € million, except %) 2025 IFRS Adjustment 2025 Non-IFRS 2024 IFRS Adjustment 2024 Non-IFRS IFRS Non-IFRS Total Revenue 1,681.0 0.9 1,682.0 1,754.2 - 1,754.2 (4)% (4)% Total Revenue breakdown by activity Software revenue 1,521.9 0.9 1,522.8 1,601.5 1,601.5 (5)% (5)% Licenses and Other software revenue 358.2 358.2 405.4 405.4 (12)% (12)% Subscription and Support revenue 1,163.6 0.9 1,164.6 1,196.1 1,196.1 (3)% (3)% Recurring portion of Software revenue 76% 76% 75% 75% Services revenue 159.1 159.1 152.8 152.8 +4% +4% Total Revenue breakdown by product line Industrial Innovation SW revenue 879.6 879.6 901.8 901.8 (2)% (2)% Life Sciences SW revenue 263.6 263.6 297.7 297.7 (11)% (11)% Mainstream Innovation SW revenue 378.7 0.9 379.6 402.0 402.0 (6)% (6)% Services revenue 159.1 159.1 152.8 152.8 +4% +4% Software Revenue breakdown by geography Americas revenue 565.8 0.0 565.8 595.0 595.0 (5)% (5)% Europe revenue 640.7 0.8 641.6 685.0 685.0 (6)% (6)% Asia revenue 315.4 0.1 315.4 321.4 321.4 (2)% (2)% Gross Margin Cost of Software revenue (131.7) 0.3 (131.4) (134.1) 0.7 (133.4) (2)% (1)% Software Gross margin (1) 91.3% 91.4% 91.6% 91.7% Cost of Services revenue (121.0) 0.6 (120.4) (132.7) 4.4 (128.3) (9)% (6)% Services Gross margin 24.0% 24.3% 13.1% 16.0% (1) No amortization of acquired intangible assets and of tangible assets revaluation is included in Software Gross margin calculation Three months ended December 31, Increase (Decrease) IFRS – NON-IFRS RECONCILIATION QTD Revenue and Gross Margin
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47 © Dassault Systèmes | Confidential Information | 2026 (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 (1,175.0) 114.6 (1,060.4) (1,270.9) 153.4 (1,117.5) (8)% (5)% Share-based compensation expense and related social charges (13.9) 13.9 (69.7) 69.7 Amortization of acquired intangible assets and of tangible assets (80.4) 80.4 (87.5) 87.5 Lease incentives of acquired companies (0.3) 0.3 (0.4) 0.4 Other operating income and expense, net (20.0) 20.0 4.2 (4.2) Operating Income 506.1 115.5 621.6 483.4 153.4 636.8 +5% (2)% Operating Margin 30.1% 37.0% 27.6% 36.3% Financial income (loss), net 19.0 0.4 19.4 22.9 1.1 24.0 (17)% (19)% Income tax expense (88.2) (16.3) (104.5) (95.4) (33.2) (128.6) (8)% (19)% Non-controlling interest 0.0 0.0 0.0 1.1 (2.6) (1.5) (96)% (103)% Net Income attributable to shareholders 436.9 99.6 536.5 412.0 118.7 530.7 +6% +1% Diluted earnings per share, in EUR 0.33 0.08 0.40 0.30 0.10 0.40 +11% +1% (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 (252.7) 0.7 0.1 (251.9) (266.9) 5.0 0.1 (261.8) Research and development expenses (311.6) 8.0 0.1 (303.5) (327.7) 18.2 0.2 (309.3) Marketing and sales expenses (404.8) 1.9 0.1 (402.8) (456.6) 25.1 0.1 (431.4) General and administrative expenses (105.5) 3.3 0.0 (102.2) (136.4) 21.4 0.0 (115.0) Total 13.9 0.3 69.7 0.4 Three months ended December 31, Three months ended December 31, Increase (Decrease) IFRS – NON-IFRS RECONCILIATION QTD Expenses & Earnings
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48 © Dassault Systèmes | Confidential Information | 2026 IFRS – NON-IFRS RECONCILIATION FY (In € million, except %) 2025 IFRS Adjustment 2025 Non-IFRS 2024 IFRS Adjustment 2024 Non-IFRS IFRS Non-IFRS Total Revenue 6,235.8 3.8 6,239.6 6,213.6 - 6,213.6 +0% +0% Total Revenue breakdown by activity Software revenue 5,641.0 3.8 5,644.9 5,613.3 5,613.3 +0% +1% Licenses and Other software revenue 1,020.7 1,020.7 1,125.2 1,125.2 (9)% (9)% Subscription and Support revenue 4,620.3 3.8 4,624.1 4,488.1 4,488.1 +3% +3% Recurring portion of Software revenue 82% 82% 80% 80% Services revenue 594.7 594.7 600.3 600.3 (1)% (1)% Total Revenue breakdown by product line Industrial Innovation SW revenue 3,134.5 0.0 3,134.5 3,019.6 3,019.6 +4% +4% Life Sciences SW revenue 1,081.1 (0.0) 1,081.1 1,144.2 1,144.2 (6)% (6)% Mainstream Innovation SW revenue 1,425.5 3.8 1,429.3 1,449.4 1,449.4 (2)% (1)% Services revenue 594.7 594.7 600.3 600.3 (1)% (1)% Software Revenue breakdown by geography Americas revenue 2,224.6 0.2 2,224.7 2,214.7 2,214.7 +0% +0% Europe revenue 2,165.5 3.4 2,169.0 2,150.4 2,150.4 +1% +1% Asia revenue 1,250.9 0.2 1,251.2 1,248.1 1,248.1 +0% +0% Gross Margin Cost of Software revenue (499.4) 4.1 (495.3) (498.5) 3.5 (495.0) +0% +0% Software Gross margin (1) 91.1% 91.2% 91.1% 91.2% Cost of Services revenue (515.2) 14.7 (500.5) (517.8) 13.3 (504.5) (0)% (1)% Services Gross margin 13.4% 15.8% 13.8% 16.0% (1) No amortization of acquired intangible assets and of tangible assets revaluation is included in Software Gross margin calculation Twelve months ended December 31, Increase (Decrease) Revenue and Gross Margin
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49 © Dassault Systèmes | Confidential Information | 2026 IFRS – NON-IFRS RECONCILIATION FY (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 (4,881.4) 635.5 (4,245.9) (4,854.0) 624.2 (4,229.8) +1% +0% Share-based compensation expense and related social charges (249.7) 249.7 (245.6) 245.6 Amortization of acquired intangible assets and of tangible assets (337.6) 337.6 (361.6) 361.6 Lease incentives of acquired companies (1.4) 1.4 (1.9) 1.9 Other operating income and expense, net (46.7) 46.7 (15.0) 15.0 Operating Income 1,354.3 639.3 1,993.6 1,359.6 624.2 1,983.7 (0)% +0% Operating Margin 21.7% 32.0% 21.9% 31.9% Financial income (loss), net 104.1 2.0 106.1 118.4 3.2 121.6 (12)% (13)% Income tax expense (270.8) (94.1) (364.9) (279.9) (117.0) (396.8) (3)% (8)% Non-controlling interest 8.3 (6.0) 2.3 2.1 (5.5) (3.4) +303% (169)% Net Income attributable to shareholders 1,196.0 541.2 1,737.2 1,200.2 504.9 1,705.1 (0)% +2% Diluted earnings per share, in EUR 0.90 0.41 1.31 0.90 0.38 1.28 +0% +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 (1,014.6) 18.3 0.5 (995.8) (1,016.3) 16.2 0.5 (999.5) Research and development expenses (1,323.3) 89.0 0.5 (1,233.8) (1,286.2) 76.9 0.9 (1,208.4) Marketing and sales expenses (1,697.9) 72.9 0.4 (1,624.7) (1,704.3) 80.8 0.3 (1,623.3) General and administrative expenses (461.3) 69.5 0.1 (391.7) (470.5) 71.7 0.2 (398.7) Total 249.7 1.4 245.6 1.9 Twelve months ended December 31, Twelve months ended December 31, Increase (Decrease) Expenses & Earnings
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50 © Dassault Systèmes | Confidential Information | 2026 FINANCIAL INCOME (LOSS), NET (In € million) 2025 2024 YoY 2025 2024 YoY Interest Income 32.4 41.2 (8.7) 150.0 178.9 (28.9) Interest Expense (5.2) (7.1) 1.9 (20.5) (23.8) 3.3 Interest Expense on cap lease (IFRS 16) (5.2) (5.4) 0.1 (19.6) (21.9) 2.3 Financial net Income (loss) 22.0 28.7 (6.7) 109.8 133.1 (23.3) Exchange Gain / (Loss) (1.5) (3.9) 2.5 (1.3) (9.7) 8.4 Other Income / (Loss) (1.2) (0.7) (0.5) (2.5) (1.9) (0.6) Total 19.4 24.0 (4.7) 106.1 121.6 (15.5) Three months ended December 31, Twelve months ended December 31, Non - IFRS
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51 © Dassault Systèmes | Confidential Information | 2026 EXCHANGE RATE EVOLUTION From assumptions to actual data – Non-IFRS Revenue Operating Expenses 2024 2025 % change EUR/USD 1.07 1.16 +9% EUR/JPY 162.55 179.22 +10% EUR/USD 1.08 1.13 +4% EUR/JPY 163.85 169.04 +3% JPY 47.5% 45.9% Breakdown of P&L by currency for FY 25 2.6% FY QTD Average Exchange rates USD 6.7% 4Q25 4Q25 4Q24 1.16 4Q24 179.22 1.07 162.55 in average in average in average in average EUR/$ – 4Q25/4Q24 Variance EUR/¥ – 4Q25/4Q24 Variance 1.07 -> 1.16 162.55 -> 179.22 Average EUR/$ rate Average EUR/¥ rate
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52 © Dassault Systèmes | Confidential Information | 2026 ACTUAL FX IMPACT ON 4Q25 VS GUIDANCE LOW Non – IFRS In € million, except % Revenue Operating Expenses Operating Income Operating Margin 4Q25 Guidance LOW 1,697.3 (1,066.2) 631.0 37.2% Growth YoY (3.2)% (4.6)% (0.9)% +0.9pt USD impact 3.6 (2.3) 1.2 (0.0)pt JPY impact (5.7) 1.6 (4.1) (0.1)pt Other currencies incl. hedging (13.8) 7.5 (6.3) (0.1)pt Total FX currencies incl. hedging (16.0) 6.8 (9.2) (0.2)pt Activity 0.7 (0.9) (0.2) (0.0)pt Delta: Reported vs guidance (15.3) 5.9 (9.4) (0.2)pt 4Q25 Reported 1,682.0 (1,060.4) 621.6 37.0% Growth YoY (4.1)% (5.1)% (2.4)% +0.7pt 4Q24 Reported 1,754.2 (1,117.5) 636.8 36.3%
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53 © Dassault Systèmes | Confidential Information | 2026 ACTUAL FX IMPACT ON 4Q25 Non – IFRS Revenue Expenses Operating Income Operating Margin In € million, except % Revenue Expenses Operating Income Operating Margin 1,754.2 (1,117.5) 636.8 36.3% 2024 6,213.6 (4,229.8) 1,983.7 31.9% (67.9) 42.0 (25.9) (0.1)pt USD impact (127.5) 83.0 (44.5) (0.1)pt (9.7) 2.9 (6.9) (0.2)pt JPY impact (12.5) 3.5 (9.0) (0.1)pt (14.5) 10.5 (4.0) +0.1pt Other impacts (51.9) 24.3 (27.6) (0.2)pt (92.2) 55.3 (36.8) (0.2)pt Total FX effect (191.9) 110.8 (81.1) (0.3)pt 1,662.1 (1,062.1) 599.9 36.1% 2024 ex FX 6,021.7 (4,119.1) 1,902.6 31.6% 1% 0% 4% +0.9pt Growth ex FX 4% 3% 5% +0.4pt 1,682.0 (1,060.4) 621.6 37.0% 2025 6,239.6 (4,245.9) 1,993.6 32.0% -4% -5% -2% +0.7pt Growth 0% 0% 0% +0.0pt QTD YTD
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54 © Dassault Systèmes | Confidential Information | 2026 In millions of € YTD 25 YTD 24 Variation Net income attributable to equity holders of the parent 1 196,0 1 200,2 (4,2) Non-controlling interest (8,3) (2,1) (6,3) Net income 1 187,6 1 198,1 (10,5) Non-cash items 564,7 598,6 (33,9) Net income adjusted for non-cash items 1 752,3 1 796,8 (44,4) Operating working capital (224,5) (207,5) (17,1) Non operating working capital 102,0 70,5 31,4 Changes in working capital (122,6) (137,0) 14,4 Net Cash From Operating Activities (I) 1 629,8 1 659,8 (30,1) Additions to property, equipment and intangible assets (160,5) (193,4) 32,9 Payment for acquisition of businesses, net of cash acquired (203,5) (22,5) (181,0) Other (40,3) 24,1 (64,5) Net Cash Provided by (Used in) Investing Activities (II) (404,3) (191,7) (212,6) Proceeds from exercise of stock options 44,4 48,4 (4,0) Cash dividends paid (342,6) (302,7) (39,9) Repurchase and sale of treasury stock (340,3) (374,0) 33,7 Capital increase 111,3 - 111,3 Acquisition of non-controlling interests (253,8) (3,3) (250,5) Proceeds from borrowings 99,6 200,2 (100,6) Repayment of borrowings (18,3) (700,9) 682,6 Repayment of lease liabilities (89,7) (79,7) (10,0) Net Cash Provided by (Used in) Financing Activities (III) (789,4) (1 211,9) 422,5 Effect of exchange rate changes on cash and cash equivalents (IV) (263,2) 128,2 (391,4) Increase (decrease) in cash and cash equivalents (V) = (I)+(II)+(III)+(IV) 172,9 384,3 (211,5) Cash and cash equivalents at beginning of period 3 952,6 3 568,3 Cash and cash equivalents at end of period 4 125,4 3 952,6 Cash and cash equivalents variation 172,9 384,3 CONSOLIDATED STATEMENT OF CASH FLOWS - FY IFRS
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55 © Dassault Systèmes | Confidential Information | 2026 BALANCE SHEET IFRS End of End of Variation Dec-25 Dec-24 Dec-25 / Dec-24 Cash and cash equivalents 4,125.4 3,952.6 +172.9 Trade accounts receivable, net 2,168.4 2,120.9 +47.5 Contract assets 37.3 30.1 +7.1 Other current assets 454.4 464.0 -9.6 Total current assets 6,785.5 6,567.6 +217.9 Property and equipment, net 944.8 945.8 -1.0 Goodwill and Intangible assets, net 6,868.8 7,687.1 -818.2 Other non-current assets 460.4 345.5 +114.9 Total non-current assets 8,274.0 8,978.3 -704.4 Total Assets 15,059.4 15,545.9 -486.5 Trade accounts payable 253.0 259.9 -7.0 Contract liabilities 1,536.0 1,663.4 -127.4 Borrowings, current 1,449.5 450.8 +998.7 Other current liabilities 990.9 1,147.4 -156.5 Total current liabilities 4,229.3 3,521.5 +707.8 Borrowings, non-current 1,145.8 2,042.8 -897.0 Other non-current liabilities 886.4 900.9 -14.5 Total non-current liabilities 2,032.2 2,943.7 -911.5 Non-controlling interest 5.4 14.1 -8.7 Parent Shareholders' equity 8,792.5 9,066.6 -274.1 Total Liabilities 15,059.4 15,545.9 -486.5 (in millions of €)
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56 © Dassault Systèmes | Confidential Information | 2026 € million 25FY 24FY Changes Operating Cash Flow ex-FX +1,630 +1,621 +9 Up +1% year over year Operating Cash Flow - reported +1,630 +1,660 -30 Down -2% year over year (-€39m Fx effect) Net income adjusted for non cash items +1,752 +1,797 -45 Down -2% year over year Increase in trade accounts receivable and contract assets -197 -348 +151 Balance up +10.5% YoY DSO at 117 days, +8 days vs 4Q24 Decrease (Increase) in contract liability -12 +141 -153 Decrease in 2025 in connection with high year-end 2024 activity Balance down 0.4% YoY Decrease in accrued compensation -23 -2 -21 Higher social charges payments due to change of social charges rate in France Increase in accounts payable +8 +1 +7 Increase in income taxes payable +75 +43 +32 Lower payments, despite the exceptional contribution for large companies in France Other +27 +28 -1 OPERATING CASH FLOW EVOLUTION 25FY IFRS 25FY 24FY Changes +1,630 +1,621 +9 +1,630 +1,660 -30 +1,752 +1,797 -45 -225 -207 -18 +102 +71 +31 Operating Working Capital Non Operating Working Capital
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57 © Dassault Systèmes | Confidential Information | 2026 DSO in days TRADE ACCOUNTS RECEIVABLES – DSO IFRS 109 99 95 98 117 4Q24 1Q25 2Q25 3Q25 4Q25
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58 © Dassault Systèmes | Confidential Information | 2026 HEADCOUNT BY DESTINATIONS – 4Q25 4Q25 4Q24 % growth M&S + COR Ser 12,206 12,028 +1.5% R&D + COR SW 11,685 11,892 -1.7% G&A 2,076 2,106 -1.4% Total 25,967 26,026 -0.2% At Closing - TOTAL Overview
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59 © Dassault Systèmes | Confidential Information | 2026 IFRS 2026 FINANCIAL OBJECTIVES • FY 2026 estimated contract liabilities write-down: not significant • FY 2026 estimated share-based compensation expense, including related social charges: ~€116 M, these estimates do not include any new stock option or share grants issued after December 31, 2025 • FY 2026 estimated amortization of acquired intangible assets and of tangible assets revaluation ~€313 M • FY 2026 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 December 31, 2025 Accounting elements not included in the non-IFRS 2026 Objectives
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© Dassault Systèmes | Confidential Information | 2026 Virtual Worlds for Real Life
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