JCDecaux (DEC) AGM 2026 summary

Opening remarks and agenda

• The meeting was opened by the Chairman of the Supervisory Board, with a review of the agenda including financial results, strategy, and resolutions.

Financial performance review

• Revenue reached €3,967.1M in 2025, up 0.8%, with organic growth of 1.8% and digital revenue now 41.7% of total.

• Operating margin rose to 20.9%, EBIT up 18.6%, and net profit (excluding APG|SGA sale) up 22.8% to €262.6M.

• Record free cash flow of €342.9M, net debt reduced by 22.3% to €587.4M.

• Digital and programmatic advertising drove growth, with programmatic revenue up 19.2%.

• 2026 financial targets were achieved one year ahead of schedule.

Board and executive committee updates

• Supervisory Board has 11 members, 55.5% independent, 44.4% women, average age 59, and 8 years' tenure.

• Committees (Audit, Remuneration/Nominations, Ethics/CSR) all reported 100% attendance and high independence.

• Isabelle Schlumberger proposed as new Supervisory Board member, bringing extensive sector experience.