Universal Registration Document 2024

6 FINANCIAL INFORMATION

GROUPE ADP CONSOLIDATED FINANCIAL STATEMENTS AS OF 31 DECEMBER 2024

11.1 Tax rate Following provisions of the finance act for 2024, the current tax rate used by the Group as at 31 December 2024 amounts to 25% on taxable profits of French companies (25.83% including social contribution on profits of 3.30%).

11.2 Analysis of the income tax expenses Within the income statement, the income tax expense is detailed as follows:

2024 (285)

2023 (245)

(in millions of euros) Current tax expense

Deferred tax income/(expense)

(39)

13

INCOME TAX EXPENSE

(326)

(232)

These amounts do not include income tax on profit/loss associates and joint ventures, the amounts that appear for these items on the appropriate line of the income statement being net of income tax.

It should be noted that the tax impact of hyperinflation on Turkish equity-accounted companies for 2024 amounts to €14 million.

11.3 Tax reconciliation The reconciliation between the theoretical income tax based on the tax rate applicable in France and the effective expense/ income tax is as follows:

2024

2023

(in millions of euros)

Net income from continuing activities Profit (loss) of equity-accounted companies

516 292 326

784 (75) 232 941

Expense/(Income) tax expense

Income before tax and profit (loss) of equity-accounted companies

1,134

25.83%

25,83%

Theoretical tax rate applicable in France Theoretical tax (expense)/income

(293)

(243)

Impact on theoretical tax of: Different rate on taxable income and payment at source Previously unrecognised tax loss carryforwards used in the period

11

5

24

(4)

Tax losses incurred in the period for which no deferred tax asset was recognised

(51)

(42)

Changes in tax rates

– –

(4) 30

Non-deductible expenses and non-taxable revenue

Tax credits

10 14

5 6 4

Investment incentives applicable in Turkey

Adjustments for prior periods

(5)

Exceptional treatment measures linked to hyperinflation (1) Additional tax in connection with the earthquake in Turkey (2)

– –

20 (6)

Tax on long-distance infrastructures (3)

(34)

–

Others adjustments

(2)

(3)

Effective tax (expense)/income

(326)

(232)

Effective tax rate

28.78%

24,65%

1 Regarding Turkish companies after local law changes in 2023 related to hyperinflation. 2 In 2023, Turkish companies are subject to a one-time additional tax based on 2022 tax results to finance reconstruction after the two earthquakes in February 2023. 3 See note 4.5.2

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AÉROPORTS DE PARIS w UNIVERSAL REGISTRATION DOCUMENT 2024