Consolidated Income statement

for the year ended 31 December

In € millions	Note	2025	2024
Gross revenues	7	4,875	4,995
Materials, services of third parties and subcontractors		(1,115)	(1,115)
Net revenues¹		3,760	3,880
Personnel costs	9, 10	(2,932)	(2,988)
Other operations costs	9	(382)	(371)
Depreciation and software amortization	14,15,16	(106)	(111)
Amortization other intangible assets	14	(25)	(29)
Other income and expenses	8	1	8
Total Operational costs		(3,444)	(3,491)
Operating income		317	389

Interest income	11	33	8
Interest expense	11	(85)	(66)
Fair value change of derivatives	11,19	(4)	11
Foreign exchange differences	11	16	(6)
Net finance expense	11	(40)	(53)

Result from investments accounted for using the equity method	17	5	3
Profit before income tax		282	339

Income taxes	12	(73)	(97)
Result for the period		208	242

Result attributable to:
Equity holders of the Company (net income)		208	243
Non-controlling interests		0	(1)
Result for the period		208	242

Earnings per share (in €)
Basic earnings per share	13	2.33	2.70
Diluted earnings per share	13	2.33	2.70

1 Non-GAAP performance measure. Reference is made to the for the definition as used by Arcadis and to the for the reconciliation tables.