Core Insights - Sodexo reported an underlying net profit of €785 million ($913.82 million) for the fiscal year ending August 31, 2025, reflecting a 3.7% increase at constant exchange rates [1] - The underlying earnings per share (EPS) for fiscal 2025 were €5.37, with an underlying operating margin improvement to 4.7%, up 10 basis points on a constant-currency basis [1][2] Financial Performance - Consolidated revenues for the year reached €24.1 billion, marking a 1.2% increase from the previous year [2] - Organic growth was recorded at 3.3%, although this was partially offset by a -1.8% currency headwind and a -0.3% net effect from acquisitions and disposals [3] - Free cash flow amounted to €459 million, which included an exceptional tax outflow related to a tax audit [3] Operational Highlights - Savings from procurement and the Global Business Services program contributed to margin increases, counterbalancing growth-related investments [2] - Working capital was reported as well-contained, with capital expenditure at 2% of revenue [4] - Net debt increased to €2.7 billion from €2.6 billion the previous year, primarily due to the exceptional tax outflow [4] Future Outlook - For fiscal 2026, Sodexo anticipates the underlying operating profit margin to be slightly below the level seen in fiscal 2025 [4] - The company projects organic revenue growth of 1.5% to 2.5%, supported by a minimum 2% contribution from pricing [5] - Management indicated a one-off reclassification related to the renewal of a large contract [5]