Nanterre, 25 February 2026 VINCI announces the successful issue of €500m of bonds exchangeable for ordinary shares of Groupe ADP due 2031 VINCI (the “Issuer”) has successfully placed bonds exchangeable for Groupe ADP’s shares (the “Shares”) (the “Bonds”). This transaction is part of VINCI's policy of value creation through optimising its cost of capital and actively managing its portfolio. The Bonds will have a maturity of 5 years, except in case of early redemption, exchange or purchase and cancellation. ...

Core Insights - VINCI Autoroutes experienced a traffic decline of 1.9% in January 2026 compared to January 2025, with light vehicles down 2.2% and heavy vehicles down 0.9% due to adverse weather and fewer working days [2] - VINCI Airports reported a passenger traffic increase of 1.0% in January 2026 compared to January 2025, with notable growth in several regions, including a 4.1% increase in Portugal and 11% in Brazil, while the USA saw a significant decline of 15% [3][4] - Commercial movements at VINCI Airports decreased by 1.5% overall, with specific declines in the UK and Japan, while Costa Rica experienced a substantial increase of 25% [5][6] Summary of VINCI Autoroutes Traffic - Traffic at VINCI Autoroutes was negatively impacted by snowfall and farmers' blockades, with a stable trend expected if these factors were excluded [2] - The decline in heavy vehicle traffic was attributed to one fewer working day compared to January 2025 [2] Summary of VINCI Airports Passenger Traffic - Overall passenger traffic growth of 1% was observed across VINCI Airports, with specific increases in Portugal, Serbia, and Mexico, while the UK and USA experienced declines [3][4] - The slight decline in the UK was linked to reduced airline seat offerings at London Gatwick, and Japan's decrease was due to reduced traffic with China [4] Summary of VINCI Airports Commercial Movements - A 1.5% decrease in commercial movements was noted, with the UK and Japan showing significant declines, while Costa Rica and Cabo Verde reported notable increases [5][6]

Core Insights - VINCI achieved outstanding performance in 2025, with record free cash flow of €7 billion and a reduction in net financial debt by €1.3 billion despite a challenging macroeconomic environment [2][13][8] Financial Performance - Revenue increased by 4.2% to €74.6 billion, with international revenue accounting for 59% of the total [7][9] - Operating income (Ebit) rose by 6.2% to €9.6 billion, representing 12.8% of revenue [10] - Net income attributable to owners was €4.9 billion, a slight increase of 0.8%, with a 10% increase when excluding exceptional tax contributions [11][12] - Earnings per share increased by 2.6% to €8.65, and by 12% to €9.44 when excluding exceptional tax contributions [12][8] - Free cash flow reached a record €7.0 billion, up from €6.8 billion in 2024, with an adjusted figure of €7.4 billion when excluding exceptional tax contributions [13][8] Business Segments Concessions - Revenue from Concessions rose by 5% to €12 billion, with Ebitda exceeding €8 billion [18] - VINCI Airports welcomed 334 million passengers, a 5% increase from 2024, contributing to a revenue of €4.8 billion [19][20] - Free cash flow from Concessions totaled €3.9 billion, an increase of €336 million compared to 2024 [18] Energy Solutions - Revenue in Energy Solutions grew by 8% to €30 billion, with 71% generated outside France [22] - Free cash flow for Energy Solutions was €1.2 billion, reflecting significant investments in electricity generation and transmission [23] Construction - Construction revenue remained stable at €33 billion, with an Ebit margin improvement to over 4% [30] - Free cash flow reached a record €1.4 billion, nearly double that of 2024, driven by improved customer payment processes [35] Strategic Developments - VINCI is conducting portfolio reviews across its three business segments to enhance returns on investment [5] - The Group is focused on long-term value creation, operational excellence, and responding to mobility and energy transition needs [6] Future Outlook - VINCI anticipates further revenue and earnings growth in 2026, with a proposed dividend of €5.00 per share, a 5.3% increase from 2024 [8][46] - The Group expects to maintain its discipline in new orders and acquisitions while focusing on margin improvement and cash flow generation [46]

Group 1 - VINCI has initiated a share buyback program, signing a share purchase agreement with an investment services provider on January 5, 2026 [2] - The share buyback program allows for a maximum purchase limit of €600 million, with the agreement valid from January 6 until March 25, 2026 [2] - The purchase price for the shares cannot exceed the maximum price set by VINCI's Ordinary and Extraordinary Shareholders' Meeting [3] Group 2 - VINCI is a global leader in concessions, energy solutions, and construction, employing 285,000 people across more than 120 countries [4] - The company focuses on designing, financing, building, and operating infrastructure and facilities that enhance daily life and mobility [4] - VINCI is committed to environmentally and socially responsible operations, aiming to create long-term value for customers, shareholders, employees, partners, and society [4]

Core Insights - VINCI Autoroutes experienced a traffic decline in November 2025, attributed to the different positioning of public holidays compared to the previous year, yet year-to-date traffic increased by 1.1% [4] - VINCI Airports reported a robust passenger traffic growth of 2.9% in November 2025, with a year-to-date increase of 5.2% [5][6] VINCI Autoroutes Traffic Summary - In November 2025, VINCI Autoroutes traffic decreased by 3.4% compared to November 2024, with light vehicles down 3.7% and heavy vehicles down 1.6% [2] - Year-to-date traffic for VINCI Autoroutes shows an increase of 1.1%, with light vehicles up 1.2% and heavy vehicles up 0.5% [4] VINCI Airports Passenger Traffic Summary - VINCI Airports saw a 2.9% increase in passenger traffic in November 2025, with year-to-date growth of 5.2% [5] - Specific regional performances include: - Portugal (ANA): +5.0% in November, +4.7% year-to-date - United Kingdom: +0.1% in November, +1.1% year-to-date - France: -2.5% in November, +2.4% year-to-date - Serbia: +9.4% in November, +6.3% year-to-date - Hungary: +11% in November, +12% year-to-date [5][7] - Overall, passenger traffic growth was nearly 3% compared to November 2024 across the network [6]

Core Insights - VINCI Autoroutes and VINCI Airports reported solid traffic growth in October 2025, with VINCI Autoroutes seeing an increase of 1.9% and VINCI Airports experiencing a rise of 3.9% in passenger traffic compared to October 2024 [2][4][5][6]. VINCI Autoroutes Traffic Summary - Traffic at VINCI Autoroutes grew by 1.9% in October 2025, primarily driven by light vehicles, which increased by 2.2% [2][4]. - Year-to-date (YTD) traffic at the end of October 2025 showed an overall increase of 1.4%, with light vehicles up by 1.6% and heavy vehicles up by 0.7% [2][4]. VINCI Airports Passenger Traffic Summary - VINCI Airports recorded a 3.9% increase in passenger traffic for October 2025, continuing a positive trend from the third quarter [5][6]. - Year-to-date passenger traffic at the end of October 2025 increased by 5.4%, with notable growth in several regions, including: - Portugal (ANA): +4.6% - United Kingdom: +0.9% - France: +1.1% - Serbia: +7.9% - Hungary: +12% - Mexico (OMA): +8.9% - Japan (Kansai Airports): +8.5% - Cambodia (Cambodia Airports): +9.3% - Cabo Verde: +14% [5][6][7]. - However, there were declines in passenger traffic in the United States (-13%) and the Dominican Republic (-8.8%) [5][6].

Core Insights - VINCI reported a consolidated revenue increase of 3.7% to €54.3 billion for the first nine months of 2025, with organic growth of 2.0% and a positive impact from changes in scope of 2.5% [4][5][6] - The order book reached €70.6 billion, up 6% year-on-year, indicating strong business activity and a renewal rate across all business lines [8][38] - The company confirmed its guidance for 2025, expecting continued revenue and earnings growth despite an increase in corporate tax rates in France [24][56] Revenue and Key Indicators - Concessions revenue increased by 5.4% to €9.4 billion, driven by growth in VINCI Airports and VINCI Autoroutes [2][9] - Energy Solutions revenue rose by 6.7% to €20.7 billion, with significant contributions from international markets [11][12] - Construction revenue was slightly up by 0.8% to €24.5 billion, with VINCI Construction showing a 0.9% increase [15][16] Order Intake and Book - Order intake for the first nine months of 2025 was €46.9 billion, a decrease of 3% compared to the previous year, but showed a 4% increase in the third quarter [6][37] - The order book at the end of September 2025 represented 14 months of average business activity, with international business comprising 70% of the total [8][38] Financial Position - VINCI's net financial debt decreased to €21.4 billion, down €0.8 billion year-on-year, reflecting a strong liquidity position [19] - The company maintained stable credit ratings from Standard & Poor's and Moody's, indicating confidence in its financial health [19] Recent Developments - VINCI Energies completed 25 acquisitions in the first nine months of 2025, contributing over €400 million in revenue, primarily in Germany [20][21] - Key contracts won include projects in energy transition and infrastructure, enhancing VINCI's market position [21][23] Outlook - The company anticipates continued growth in revenue and earnings for 2025, with specific expectations for each business line [24][29] - VINCI expects to increase renewable electricity capacity to around 5 GW by the end of 2025 [29]

Traffic Performance of VINCI Autoroutes - In August 2025, light vehicle traffic increased by 0.7% compared to August 2024, while heavy vehicle traffic decreased by 1.6% due to one fewer working day [4] - For the year-to-date (YTD) ending August 2025, overall traffic rose by 1.7%, with light vehicles up by 1.9% and heavy vehicles up by 0.3%, despite having three fewer working days than in 2024 [2][4] Traffic Performance of VINCI Airports - VINCI Airports experienced a 5.2% increase in passenger traffic in August 2025 compared to August 2024, contributing to a 4.6% increase over the summer period (July-August) [5][6] - Year-to-date passenger traffic at VINCI Airports rose by 5.8% by the end of August 2025, with notable increases in various regions, including a 15% rise in Japan and 11% in Cabo Verde [5][7] - The United States saw a significant decline in passenger traffic, with a decrease of 12% in August 2025 compared to the previous year [5]

Traffic Performance Summary - VINCI Autoroutes reported a 1.0% increase in light vehicle traffic and a 0.4% increase in heavy vehicle traffic in July 2025 compared to July 2024, despite having one fewer working day [2][4] - Year-to-date (YTD) traffic for VINCI Autoroutes increased by 2.0%, with light vehicles up by 2.2% and heavy vehicles up by 0.5%, despite two fewer working days than in 2024 [2][4] VINCI Airports Passenger Traffic - VINCI Airports experienced a 3.6% increase in passenger traffic in July 2025 compared to July 2024, with a YTD increase of 5.9% [5] - Notable increases in passenger traffic were observed in several regions, including: - Portugal (ANA): +5.2% in July, +4.9% YTD - Mexico (OMA): +7.7% in July, +10% YTD - Cambodia (Cambodia Airports): +12% in July, +18% YTD - Cabo Verde: +17% in July, +18% YTD - Conversely, the United States saw a decline of 10% in July and 3.6% YTD, while the Dominican Republic experienced a decline of 8.8% in July and 12% YTD [5] VINCI Airports Commercial Movements - VINCI Airports reported a 4.4% increase in commercial movements (ATM) in July 2025 compared to July 2024, with a YTD increase of 6.2% [7] - Significant growth in commercial movements was noted in: - Cambodia (Cambodia Airports): +15% in July, +17% YTD - Cabo Verde: +22% in both July and YTD - Mexico (OMA): +7.8% in July, +9.9% YTD - The United States showed a 2.8% increase in July, but a substantial 25% increase YTD [7]

Core Insights - VINCI has published its 2025 half-year financial report and submitted it to the French financial markets' regulator [2] - The report is accessible in both English and French on VINCI's official website [2] Company Overview - VINCI is a global leader in concessions, energy solutions, and construction, employing 285,000 people across more than 120 countries [3] - The company focuses on designing, financing, building, and operating infrastructure and facilities that enhance daily life and mobility [3] - VINCI is committed to environmentally and socially responsible operations, aiming to create long-term value for customers, shareholders, employees, partners, and society [3]