Vivendi (VIV) investor relations material

Opening remarks and agenda

• The AGM was formally opened with a welcome to shareholders, outlining the agenda including approval of 2025 accounts, dividend setting, auditor's report, remuneration, and board renewals.

• Quorum was established at 69.56%, and the meeting was officially constituted.

• Meeting held on April 21, 2026, with participation from the Supervisory Board, Management Board, and statutory auditors.

Financial performance review

• Portfolio value at end-2025 was EUR 5.5 billion, down from 2024 due to asset sales; net debt reduced to EUR 1.5 billion from EUR 2.6 billion.

• 2025 revenue reached EUR 307 million, up 4%, with EBITDA at EUR 45 million and net income group share at EUR 20 million, a turnaround from a EUR 6,004 million loss in 2024.

• Gameloft revenue grew 4% to EUR 303 million, with EBITDA/EBITA up to EUR 15 million, and PC/console revenue share increased to 47%.

• Major divestments included TIM and Telefónica, reducing debt by over EUR 1 billion.

• Q1 2026 revenue was EUR 69 million, up 1.3% year-on-year, with PC/console now 51% of Gameloft revenue.

Board and executive committee updates

• Bernard Osta co-opted to the board, chairing Governance, Appointments, and Remuneration Committee; Laure Delahousse to chair Audit and Sustainability Committee.

• Board reduced from nine to six members, maintaining gender balance and two-thirds independence; Supervisory Board independence ratio at 67% and gender balance at 50%.

• Management Board renewed in current composition.

• Compensation and benefits for all board members and executives for 2025 were submitted and approved.

• Renewal of Maud Fontenoy’s term and ratification of Bernard Osta’s co-optation to the Supervisory Board.