Vinci (DG) AGM 2026 summary

Opening remarks and agenda

• The meeting was held on 14 April 2026 in Paris, chaired by Xavier Huillard, and opened with recognition of key leadership transitions, including the appointment of a new CEO and CFO succession.

• Formalities included confirmation of legal notices, record quorum of 70.72%, and appointment of meeting officials.

• The agenda covered performance review, committee reports, auditor presentations, Q&A, and voting on 20 resolutions, including approval of 2025 financial statements, director renewals, remuneration policies, share buybacks, capital reduction, employee share plans, and amendments to the Articles of Association.

Financial performance review

• 2025 revenue reached €74.6 billion (+4%), with strong growth in energy services (€30 billion, +8%) and concessions (€12 billion, +5%).

• Net income attributable to owners was €4.903 billion; record free cash flow of €7.0 billion.

• Operating profit from ordinary activities (EBIT) rose to €9,558 million, with margin improvement to 12.8%.

• International revenue accounted for 59% of total, with operations in over 120 countries and Germany as the leading international market.

• Net debt decreased by €1.3 billion to €19.1 billion at year-end 2025.

Board and executive committee updates

• Executive committee reshaped to strengthen concessions, ethics, HR, and succession planning, with increased female representation.

• Board comprised 15 members, 46% female, 75% independent, with several director renewals and new appointments confirmed.

• Four specialized committees (Audit, Strategy & CSR, Appointments & Governance, Remuneration) reported active engagement and high attendance.