Michelin Free Cash Flow exceeds forecast in 2025

Clermont-Ferrand, January 21st, 2026 – 05:45pm COMPAGNIE GÉNÉRALE DES ÉTABLISSEMENTS MICHELIN Michelin Free Cash Flow exceeds forecast in 2025 Michelin Group records in its preliminary financial figures for 2025 a Free Cash Flow before M&A of 2.1 billion euros, beyond the [€1.5bn – €1.8bn] range provided on October 13, 2025. This outperformance is primarily driven by Capex discipline and a tight steering of operations impacting working capital (inventory, accounts payable & accounts receivable). As regard ...