Vivendi (VIV) AGM 2025 summary

Opening remarks and agenda

• Invitations and documents were distributed in compliance with legal requirements, and the meeting was formally opened with a quorum of 69.87%, finalized at 70.71%.

• Meeting held on April 28, 2025, with participation from the Supervisory and Management Boards, including Yannick Bolloré and Arnaud de Puyfontaine.

• The agenda included approval of 2024 financials, dividend setting, auditor reports, compensation, board renewals, share buybacks, capital increases, and share allocations.

Financial performance review

• Portfolio value at end-2024 was over EUR 7 billion, with net debt at EUR 2.1 billion, down EUR 700 million from the previous year.

• Net asset value (NAV) was EUR 4.8 billion, or EUR 4.69 per share, and increased to EUR 5.2 billion in Q1 2025.

• 2024 revenue was EUR 297 million, mainly from Gameloft, with EBITA at -EUR 1 million; adjusted net profit was EUR 111 million, but net group profit showed a loss of EUR 6 billion due to demerger impacts.

• Gameloft achieved EUR 293 million in revenue, with EBITA before restructuring at EUR 14 million, up 37% from 2023.

• Major 2024 transactions included the sale of the ticketing business for EUR 300 million, share buybacks for EUR 343 million, and a dividend payout of EUR 234 million.

Board and executive committee updates

• Several board members departed following the demerger, with new appointments including Laure Delahousse and Philippe Labro.

• The Supervisory Board will comprise nine members (five women, four men, six independents) if renewals are approved, increasing independence to 67% and gender balance to 56%.

• The Management Board was reduced from six to four members in December 2024.

• No increase in fixed or exceptional compensation for Management Board in 2025; performance criteria for bonuses and shares maintained.

• Compensation for all corporate officers and board members for 2024 submitted and approved via resolutions.