and offset by the impact of divestments completed over the last twelve months (contributing to -1.9%).

Currency fluctuations had a negative impact of 5.2%, due to the strength of the euro against most currencies and against unfavorable comparables.

›Solid financial position

At the end of March 2026, the Group's adjusted net financial debt was materially unchanged compared with the levels as of December 31, 2025. The Group has in place EUR 600 million of undrawn committed lines of credit. Bureau Veritas has a solid financial structure with most of its debt maturities in 2027 and beyond (save per the EUR 200 million maturing in September 2026) and at fixed interest rates.

On April 10, 2026, Moody’s reaffirmed Bureau Veritas’ A3 rating, highlighting its leading market position, diversified and resilient business model, conservative financial policy, and solid cash flow generation.

CORPORATE SOCIAL RESPONSIBILITY COM
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