OVHcloud - FY25 Results | Taiwan News | Oct. 21, 2025 13:02

Contributing sentiments towards policy:

55% : Research tax credit receivables that may be claimed in more than 12 months have been reclassified as other non-current receivables.
52% : ROCE (return on capital employed) is calculated by dividing adjusted EBITDA after depreciation, amortisation and impairment and tax for the current financial year by capital employed for the previous year.
52% : Recurring EBITDA is equal to revenue less the sum of personnel costs and other operating expenses (and excluding depreciation and amortisation charges, as well as items that are classified as "Other non-recurring operating income and expenses").
50% : Capital employed corresponds to Goodwill, tangible and intangible fixed assets less net working capital requirements after tax.
50% : Consolidated statement of cash flows (in € million) FY2024FY2025Consolidated net income (loss) (10.3)0.4Adjustments to net income items: Depreciation, amortisation and impairment of non-current assets and rights of use relating to leases 343.1354.4Changes in provisions 1.6(1.6)Gains or losses on asset disposals and other write-offs and remeasurements 0.6(3.4)Expense related to share allocations (excluding social security contributions) 6.47.5Income tax benefit 3.93.9Net financial (income) expense (excluding foreign exchange differences)
48% : costs(244.5)(263.4)Gross margin627.6709.0SG&A(239.9)(265.2)Profit Sharing(6.2)(5.9)Adjusted EBITDA381.5437.8Share-based payment & Earn-outs(9.5)(16.5)Recurring EBITDA (2)372.0421.3Depreciation, amortisation and impairment expenses(343.1)(354.4)Net recurring operating income28.966.9Other non-recurring operating income0.15.7Other non-recurring operating expenses(3.3)(3.1)Net operating income (EBIT)25.769.4Borrowing costs(30.1)(53.7)Other financial income9.510.2Other financial expenses(11.5)(21.6)Net financial expense(32.1)(65.1)Pre-tax income (loss)(6.4)4.4Income tax expense(3.9)(3.9)Consolidated net income (loss)(10.3)0.4 (1) As part of its ongoing process improvement efforts, the Group has refined its analysis of revenue relating to certain public cloud activities.
47% : (in millions euros)31 August 202431 August 2025Share capital190.5151.7Share premiums418.3102.6Reserves and retained earnings(205.5)(226.5)Net income (loss)(10.3)0.4Equity393.028.2Non-current debt700.51,133.3Non-current lease liabilities124.5117.5Derivative financial instruments - non-current liabilities-1.2Other non-current financial liabilities15.612.9Non-current provisions12.215.3Deferred tax liabilities13.78.7Other non-current liabilities13.117.0Total non-current liabilities879.61,305.9Current financial debt7.611.3Current lease liabilities28.833.4Current provisions17.814.4Accounts payable142.7116.5Current tax liabilities9.413.1Derivative financial instruments - negative fair value1.10.3Other current liabilities189.7179.2Total current liabilities397.2368.1TOTAL EQUITY AND LIABILITIES1,669.81,702.3 (1) )
46% : 492.01,531.6Trades receivables40.453.2Other receivables and current assets(1)92.974.0Current tax assets3.41.7Derivative financial instruments - current assets0.00.0Cash and cash equivalents40.941.9Total current assets177.7170.7TOTAL ASSETS1,669.81,702.3
45% : (2) The recurring EBITDA indicator corresponds to operating income before depreciation, amortisation and other non-recurring operating income and expenses.

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