Bureau Veritas: Industry-Leading Organic Revenue Growth of 6.5% in FY 2025

COURBEVOIE, France – Bureau Veritas (BOURSE:BVI):

Full-year revenue of EUR 6,466.4 million, up 6.5% organically (with organic growth of 6.3% in Q4). In variable currencies, growth was up 7.3% year-on-year and up 3.6% on a reported basis,

› Adjusted operating profit of EUR 1,052.9 million, up 5.7% compared to EUR 996.2 million in FY 2024, representing an adjusted operating margin of 16.3%, 32 points year-on-year up 51 points at constant currency,

› Operating profit of EUR 992.4 million, up 6.3% compared to EUR 933.4 million in FY 2024,

› Adjusted net profit of EUR 631.4 million, up 1.7% compared to EUR 620.7 million in FY 2024,

› Adjusted EPS stands at EUR 1.42 in 2025, an increase of 2.8% compared to FY 2024 (EUR 1.38 per share) and up 9.2% in constant currency,

› Gross profit of EUR 588.0 million, up 3.3% compared to EUR 569.4 million in FY 2024,

Free Cash Flow of EUR 824.2 million, up 3.9% organically and up 2.6% constant currency, and currency conversion 107%²,

› Adjusted total debt/EBITDA ratio of 1.1x as of December 31, 2025, up slightly from last year,

> The share of the EUR budget is 0.92 Euro³up 2.2% year-on-year, paid in full in cash.

› 2025 financial targets for profit, margin and revenue reached or exceeded,

› Strong drivers of organic portfolio growth from high energy investments, from the ongoing construction of digital infrastructure and from customer demand for corporate and business risk assessment solutions,

› The implementation of the LEAP I 28 strategy which continues in its second year which brings a tangible impact on operational excellence and increased performance,

› Implementation of a new organization to accelerate the implementation of strategies,

› Portfolio refocusing continues with nine bolt-on acquisitions, and two divestitures in non-core areas closed. This acquisition added EUR 96 million to the annual income and supports the LEAP I 28 portfolio priorities: i) Strengthening leadership positions in Buildings and Infrastructure; ii) Creating new strong areas in Energy and Resources and Renewables, Cybersecurity, and Sustainability and iii) Improving value and impact in mature businesses; In Consumer Product Services and in Metals and Minerals. Year to date, three more deals have closed, impacting c. EUR 5 million in annual revenue,

› Double-digit shareholder returns based on EPS growth of c. 9% on fixed income, dividend yield of c. 3% and developed a share buyback plan of EUR 200 million (representing approximately 1.5% of outstanding shares).

Bureau Veritas begins the third year of the LEAP I 28 strategy with sound market fundamentals. Building on the strong performance of 2025, the Group aims to deliver full-year results for 2026 that are in line with the financial ambitions outlined in its plan:

› Single-digit to high revenue growth,

› Improvement of operating margin adjusted for constant exchange rates,

› Strong cash flow.

On February 24, 2026, the Board of Directors of Bureau Veritas approved the financial statements for the full year 2025. The main financial items included are:

› Mid to high single digit revenue growth for the full year The group’s revenue in 2025 increased by 6.5% with respect to 2024, including 6.3% in the fourth quarter, benefiting from strong market trends in all businesses and areas.