2026 Half-Year Financial Report

2026 Half-Year Financial Report

This Half-Year Financial Report was prepared in accordance with Article L. 451-1-2 (III) of the French Monetary and Financial Code (Code monétaire et financier). It includes an activity report for the six months ended June 30, 2026, the condensed half-year consolidated financial statements of the Bureau Veritas Group for the six months ended June 30, 2026, the Statutory Auditors' report and the statement by the person responsible for the Half-Year Financial Report.

This is a free translation into English of the Bureau Veritas 2026 Half-Year Financial Report issued in French and is provided solely for the convenience of English-speaking readers. In the event of a discrepancy, the French version will prevail.

CONTENTS

1. HALF-YEAR ACTIVITY REPORT AT JUNE 30, 2026 1
1.1 PRELIMINARY NOTE 1
1.2 FIRST-HALF 2026 HIGHLIGHTS 1
1.2.1. First-half 2026 financial figures within the full-year 2026 guidance 1
1.2.2. Double digit shareholder returns 1
1.2.3. Financing 2
1.2.4. Leap | 28 focused portfolio update 2
1.2.5. Update on the Q1 2026 reported deviations 4
1.2.6. Executive committee leadership changes 4
1.3 CORPORATE SOCIAL RESPONSIBILITY COMMITMENTS 5
1.3.1. 2028 CSR strategy and non-financial indicators 5
1.3.2. People & social highlights 6
1.3.3. Corporate social responsibility commitment 7
1.3.4. The Company is highly recognized by non-financial rating agencies 7
1.3.5. Notable recognition and awards 7
1.3.6. Transparency Awards 7
1.4 LEAP | 28 AMBITIONS 8
1.5 KEY FIGURES FOR THE FIRST HALF OF 2026 9
1.5.1 Revenue 9
1.5.2 Operating profit 10
1.5.3 Adjusted operating profit 10
1.5.4 Net financial expense 11
1.5.5 Income tax expense 12
1.5.6 Attributable net profit 12
1.5.7 Adjusted attributable net profit 12
1.5.8 Results by business 13
1.6 CASH FLOWS AND SOURCES OF FINANCING 20
1.6.1 Cash flows 20
1.6.2 Financing 23
1.7 MAIN RISKS AND UNCERTAINTIES FOR THE REMAINING SIX MONTHS OF THE FINANCIAL YEAR 26
1.8 RELATED-PARTY TRANSACTIONS 27
1.9 OUTLOOK 28
1.10 EVENTS AFTER THE END OF THE REPORTING PERIOD 28
1.11 DEFINITION OF ALTERNATIVE PERFORMANCE INDICATORS AND RECONCILIATION WITH IFRS 29
1.11.1 Growth 29
1.11.2 Adjusted operating profit and adjusted operating margin 30
1.11.3 Adjusted effective tax rate 31
1.11.4 Adjusted net profit 31
1.11.5 Free cash flow 31
1.11.6 Financial debt 32
1.11.7 EBITDA 32
2. CONDENSED HALF-YEAR CONSOLIDATED FINANCIAL STATEMENTS AT June 30, 2026 33
2.1. CONDENSED HALF-YEAR CONSOLIDATED FINANCIAL STATEMENTS 33
2.2. NOTES TO THE CONDENSED HALF-YEAR CONSOLIDATED FINANCIAL STATEMENTS 38
NOTE 1 General information 38
NOTE 2 First-half 2026 highlights 38
NOTE 3 Summary of significant accounting policies 39
NOTE 4 Alternative performance indicator 40
NOTE 5 Segment information 41
NOTE 6 Operating income and expense 44
NOTE 7 Income tax expense 44
NOTE 8 Goodwill 45
NOTE 9 Acquisitions and disposals 45
NOTE 10 Share capital 47
NOTE 11 Share-based payment 48
NOTE 12 Borrowings and financial debt 49
NOTE 13 Off‑balance sheet commitments and pledges 50
NOTE 14 Provisions for liabilities and charges 50
NOTE 15 Other proceedings and decisions involving the Group 51
NOTE 16 Movements in working capital attributable to operations 51
NOTE 17 Earnings per share 52
NOTE 18 Dividend per share 52
NOTE 19 Additional financial instrument disclosures 53
NOTE 20 Assets and liabilities held for sale 54
NOTE 21 Related-party transactions 55
NOTE 22 Events after the end of the reporting period 55
NOTE 23 Scope of consolidation 55
2.3. STATUTORY AUDITORS’ REVIEW REPORT ON THE 2026 INTERIM FINANCIAL INFORMATION (PERIOD ENDED JUNE 30, 2026) 56
3. STATEMENT BY THE PERSON RESPONSIBLE FOR THE HALF-YEAR FINANCIAL REPORT 57

1. HALF-YEAR ACTIVITY REPORT AT JUNE 30, 2026

1.1 PRELIMINARY NOTE

Readers are invited to refer to the information set out herein on the Company’s financial position and results, together with the Group’s 2026 condensed half-year consolidated financial statements and the notes thereto set out in Chapter 2 of this 2026 Half-Year Financial Report, as well as the Group’s 2025 consolidated financial statements and the notes thereto set out in Chapter 6 – Financial statements, of the 2025 Universal Registration Document.

Pursuant to Regulation (EC) 1606/2002 of July 19, 2002 on the application of international financial reporting standards, the condensed consolidated financial statements of Bureau Veritas for the first half of 2026 and the first half of 2025 were prepared in accordance with IFRS (International Financial Reporting Standards), as adopted by the European Union.

The alternative performance indicators presented in this chapter are defined and reconciled with IFRS in section 1.11 – Definition of alternative performance indicators and reconciliation with IFRS, of this Half-Year Financial Report.

1.2 FIRST-HALF 2026 HIGHLIGHTS

1.2.1. FIRST-HALF 2026 FINANCIAL FIGURES WITHIN THE FULL-YEAR 2026 GUIDANCE

• Mid-single digit organic revenue growth in the first half of the year
  Group revenue in the first half of 2026 increased by 5.0% organically compared to the first half of 2025, including 5.5% growth in the second quarter while navigating an ongoing Middle East conflict. This growth benefited from underlying robust market trends across the Buildings & Infrastructure, Marine & Offshore, Consumer Products Services businesses and in most geographies.
• Improvement in adjusted operating margin at constant exchange rates
  The Group delivered an adjusted operating margin of 15.5%, up 29 basis points at constant currency and up 15 basis points on a reported basis compared to the first half of 2025.
• Strong cash flow generation

1.2.2. DOUBLE DIGIT SHAREHOLDER RETURNS

In line with its LEAP | 28 strategy, the Group aims to deliver double-digit shareholder returns at constant currency in the 2024 to 2028 period. In the first half of 2026, adjusted EPS grew 9.8% at constant currency.

• Bureau Veritas shareholders approved the distribution of a EUR 0.92 dividend per share for 2025
  At the Bureau Veritas Annual Shareholders' Meeting, shareholders approved the distribution of a dividend of EUR 0.92 per share for the 2025 financial year (third resolution, approved by 99.94% of votes cast), paid in cash on May 28, 2026.
• Share buyback program
  In line with the commitment to continue to improve shareholder returns, on February 25, 2026, the Group announced a new EUR 200 million share buyback program, to be completed by February 2027.
  In accordance with the terms of the share buyback program approved by the Annual General Meeting, the purchased shares will be used for any purpose authorized by the Company’s shareholders at the Annual General Meeting of May 19, 2026.

1.2.3. FINANCING

The Company has a solid financial structure with no major refinancing maturities before 2027. Bureau Veritas had EUR 942.1 million in available cash and cash equivalents, and EUR 600 million in undrawn committed credit lines as of June 30, 2026.

At the end of June 2026, the Company's adjusted net financial debt increased compared to December 31, 2025 due to the payment of the dividend in the second quarter of 2026 (unlike in the prior year). The adjusted net financial debt/EBITDA ratio stood at 1.45x (vs. 1.1x as of December 31, 2025). The average maturity of the Company's financial debt was 5.5 years, with a weighted average cost of funds of 3.2% (excluding the impact of IFRS 16) compared with 2.9%, as of December 31, 2025.

In April 2026, the rating agency Moody's reaffirmed Bureau Veritas' A3 credit rating with a stable outlook.

1.2.4. LEAP | 28 FOCUSED PORTFOLIO UPDATE

Since the beginning of the year, the Group has announced, signed or completed seven transactions, fully aligned with LEAP I 28 portfolio priorities.

• Five acquisitions, representing combined annualized revenue of approximately EUR 138 million in 2025.
• One completed and one planned divestment, representing combined annualized cumulative revenue of approximately EUR 489 million in 2025.

Following completion of these transactions and considering other recent year-to-date acquisitions, the Group will have achieved approximately 20% portfolio rotation since the launch of LEAP | 28.

• Expand the Group's existing leadership positions:
  • The agreement to acquire LotusWorks was announced in April 2026. This Ireland-based company is a leading provider of commissioning, quality assurance and quality control, calibration, maintenance, and construction management services for mission critical facilities serving semiconductor manufacturers and data center owners. The company operates in the United States and Europe and employs 750 people including highly skilled experts. In 2025, LotusWorks generated EUR 131 million in revenue. This acquisition will enhance Bureau Veritas' organic growth, will be accretive to the Group's adjusted operating margin, and will be slightly accretive to earnings in 2026. The acquisition was closed on July 27, 2026.
  • The acquisitions of Sustainable Construction Services (SCS) and Verte (United Kingdom) were completed in January and February 2026. These companies are providers of sustainability consulting services in the real estate sector, specializing in certification of green buildings, energy efficiency assessments, net zero strategies and energy modeling. Combined, the two companies employ 42 employees and generated annualized cumulated revenue of approximately EUR 4 million in 2025.
  • The acquisition of ADS COM (France) was completed in January 2026. This company operates in the public sector, delivering examination and review services for building permit application files for local authorities (public service delegation). It employs 13 people and recorded approximately EUR 1 million in revenue in 2025.
  • Disposal: in January 2026, the Group sold its non-core construction projects technical supervision business in China (approximately EUR 39 million in annualized revenue) in order to enhance its B&I business mix in the country.
• Creating new strongholds:
  • In technology testing for consumer products, the Group acquired IPS Corporation in June 2026. This Japan-based company provides electromagnetic compatibility (EMC) and product safety testing, and calibration services for medical devices, IT and radio equipment, as well as electrical and electronic products. The company employs 34 people and recorded approximately EUR 2 million in revenue in 2025.
• Optimize value and impact:
  • In June 2026, the Group signed an agreement to sell its Oil & Petrochemicals and Coal Testing and Inspection businesses. In 2025, the business generated approximately EUR 450 million in revenue operating a global network across multiple countries, with a significant footprint of operational sites and employees. These businesses grew at a slower pace than the Group and are margin dilutive. The disposal will have a positive impact on the Group's organic growth profile, adjusted operating margin and return on capital employed. After closing, expected by the end of first-quarter 2027, the transaction should be broadly neutral to earnings.
    Based on an enterprise value of EUR 470 million, the transaction implies an enterprise value/EBIT multiple of 11.1x on 2025 results post-IFRS 16. Proceeds will be redeployed towards higher-growth and higher-margin businesses, in line with the LEAP I 28 portfolio ambitions.

1.2.5. UPDATE ON THE Q1 2026 REPORTED DEVIATIONS

As announced in April 2026, pursuant to internal alerts, the Company has conducted investigations that uncovered deviations in the Middle East & Africa region, primarily in the "Government Services" subsegment. The Company immediately and voluntarily disclosed the situation to the French authorities, in a spirit of transparency and cooperation.

In this context, after having terminated the contracts in question, the Company completed the review of its activities within the “Government Services” subsegment (which represented approximately €185 million in revenue in 2025) and confirms its decision to exit the entire subsegment in the short term. This exit began in the second quarter and will continue gradually throughout 2026, in strict adherence with the Company's contractual commitments towards its clients.

As of June 30, 2026, the Company had recorded a provision of €32.0 million, reflecting its best estimate to date of the full financial impact it may face.

1.2.6. EXECUTIVE COMMITTEE LEADERSHIP CHANGES

Bureau Veritas announces new strategic appointments within the Executive Committee to support the continued delivery of its LEAP | 28 ambitions, effective in July 2026:

• Marios Broustas, a seasoned M&A expert with 30 years of investment banking and corporate strategy experience in the United States and Europe, is appointed as Executive Vice-President, Corporate Development. He succeeds Juliano Cardoso, who is retiring after 28 years at Bureau Veritas.
• Khurram Majeed is appointed Chief Commercial Officer while retaining his position as Executive Vice-President, Middle East, Caspian & Africa Region, a role he has held since 2024. In this new position, he will drive the performance of Bureau Veritas' Sales & Marketing function across all regions and product lines.
• Noor Sait is appointed as Chief Performance Officer. He will lead operational excellence, technical integrity, quality, health, safety, environment, and corporate social responsibility teams, as well as all LEAP I 28 performance programs globally. He joined Bureau Veritas in 2025 as Middle East, Caspian & Africa Industry and Operational Excellence and Performance Vice-President.
• Laurent Louail, until now Executive Vice-President Chief Performance Officer, transitions to a Senior Advisor role reporting to Hinda Gharbi, bringing his deep expertise to support strategic projects and an effective transition of the Performance function's activities. After more than 30 years at Bureau Veritas, he has decided to retire by October 2026.

1.3 CORPORATE SOCIAL RESPONSIBILITY COMMITMENTS

1.3.1. 2028 CSR STRATEGY AND NON-FINANCIAL INDICATORS

Bureau Veritas remains strongly committed to sustainability.

Aligned with the Group’s LEAP | 28 Strategic Plan, Bureau Veritas' sustainability strategy is built around two key pillars:

• Bureau Veritas' ESG service portfolio, which addresses clients' evolving needs as they advance their environmental and social transitions.
• The Group's corporate, social and environmental responsibility, which reflects the implementation of sustainable policies and practices designed to meet stakeholder expectations.

Through its purpose and commitment, Bureau Veritas contributes to "Shaping a World of Trust". The Group's sustainability strategy fully supports this ambition and aims to contribute to "Shaping a Better World". It is structured around three strategic priorities:

• "Shaping Better Labor Relations";
• "Shaping a Better Environment";
• "Shaping Better Business Practices".

The strategy focuses on six priorities across the three sustainability pillars: Environment, Social and Governance.

The targets defined under the Group's corporate social and environmental responsibility strategy reflect Bureau Veritas' ambition to be recognized as the CSR leader in its industry.

This ambition for 2028 is translated into 19 priority topics, monitored through a set of key performance indicators.

The Audit & Risk Committee oversees the relevance, reliability and consistency of these indicators. In addition, they are subject to annual verification by an independent third party and are published each year in the Universal Registration Document.

Five of these indicators are monitored and disclosed on a quarterly basis and are subject to a year-end reasonable assurance engagement:

1.3.2. PEOPLE & SOCIAL HIGHLIGHTS

Leadership Development & Capability Building

• Bureau Veritas continued the deployment of its Leadership Framework, built around three leadership principles and associated leadership habits, providing a shared leadership language and supporting a consistent approach to leadership development across the Group. In first-half 2026, more than 4,500 leaders participated in framework-related learning and engagement activities.
• The Product Line Manager Development Program continued to be deployed globally, supporting first-time Product Line Managers in strengthening customer, people and performance leadership capabilities. The program combines operational, commercial and leadership development to help accelerate managers' effectiveness and foster a high-performance culture.

Sustainability Talent Development

• Bureau Veritas continued the deployment of its Sustainability Graduate Program, designed to attract, develop and retain early-career sustainability professionals. The program provides a structured development journey combining technical expertise, business exposure and leadership development in support of the Group's sustainability ambitions.

Learning & Continuous Development

• Learning at Work Week 2026 reinforced Bureau Veritas' commitment to continuous learning and development through a series of global learning events focused on resilience, collaboration, innovation, AI and personal development. The initiative encouraged employees to take ownership of their growth and further embed learning into day-to-day work. This initiative represented nearly 2,000 Learning Hours.
• During Learning at Work Week, Bureau Veritas launched Connect2Learn@BV, a global peer-to-peer language development initiative designed to connect colleagues across regions and cultures through real-world language practice and knowledge sharing. The program aims to support language development, cultural exchange and stronger collaboration across the Group. To date, over 350 employees have applied to take part.

Diversity, Equity & Inclusion

• Bureau Veritas continued its partnership with Les Ateliers Entreprise & Mixité, an initiative focused on accelerating the development of high-potential female talent through mentoring, networking and exposure to senior executive role models. During first-half 2026, several Bureau Veritas female talents participated in the program and benefited from mentoring relationships with senior executives from other organizations.

1.3.3. CORPORATE SOCIAL RESPONSIBILITY COMMITMENT

Bureau Veritas supports businesses, governments and public authorities in addressing challenges related to quality, health and safety, environmental protection and social responsibility. These issues are central to the growing expectations of stakeholders and the ongoing transformation of the global economy.

As a Business to Business to Society company, the Group believes that sustainable value creation relies on both economic performance and a positive impact on people, communities and the planet.

Bureau Veritas' commitment to social and environmental responsibility is fully aligned with its mission of shaping a world of trust. The recognitions and distinctions received during the first half of 2026 reflect the strength of this commitment and the Group's continued progress in embedding sustainability considerations across all its activities.

1.3.4. THE COMPANY IS HIGHLY RECOGNIZED BY NON-FINANCIAL RATING AGENCIES

Bureau Veritas was included in the S&P Global Sustainability Yearbook 2026 with a "Top 5%" distinction, reaffirming its position among the highest-performing companies in its sector for sustainability. This recognition is based on the score of 84/100 achieved in S&P Global's Corporate Sustainability Assessment (CSA), one of the world's most demanding ESG benchmarks. It reflects the strength of the Group's sustainability approach and its ability to integrate environmental, social and governance (ESG) considerations across all its activities.

In 2026, Bureau Veritas was once again included in Axylia's Vérité40® Index, which recognizes French companies for their ability to incorporate climate-related challenges into their business models and value creation strategies. This recognition highlights the Group's commitment to transparency, environmental performance and sustainable development.

1.3.5. NOTABLE RECOGNITION AND AWARDS

In June 2026, Bureau Veritas was once again recognized among the "Most Honored Companies" in the Extel survey (formerly Institutional Investor Research), which rewards excellence in investor relations and financial communication practices across Europe. In the "Business & Employment Services" category, covering 48 companies, the Group achieved seven Top Ranked distinctions: Best CEO, Best CFO, Best Investor Relations Team, Best Investor Relations Professional, Best Investor Relations Program, Best ESG Program and Best Investor Event. These results reflect the quality of the Group's engagement with the financial community and the recognition of its ESG program.

1.3.6. TRANSPARENCY AWARDS

In 2026, Bureau Veritas received the award for Best Universal Registration Document (URD) at the Transparency Awards organized by Labrador Transparency. This distinction recognizes the Group's excellence in transparency and financial communication, particularly with regard to the accessibility, reliability, clarity and understandability of the information provided to its stakeholders.

1.4 LEAP | 28 AMBITIONS

On March 20, 2024, Bureau Veritas announced its new strategy, LEAP | 28, with the following ambitions:

Over the period 2024-2028, the use of Free Cash Flow generated from the Company's operations will be balanced between Capital Expenditure (Capex), Mergers & Acquisitions (M&A), and shareholder returns (dividends):

e Compound Annual Growth Rate
f At constant exchange rates.
g (Net cash generated from operating activities – lease payments + corporate tax)/adjusted operating profit.

1.5 KEY FIGURES FOR THE FIRST HALF OF 2026

The Board of Directors of Bureau Veritas met on July 28, 2026 and approved the condensed consolidated financial statements for the first half of 2026 (H1 2026). The main consolidated financial elements are:

(a) Alternative performance indicators are presented, defined, and reconciled with IFRS in section 1.11 – Definition of alternative performance indicators and reconciliation with IFRS.

1.5.1 REVENUE

• Total revenue: in the first half of 2026, Bureau Veritas reported total revenue of EUR 3,258.4 million, marking a 2.1% increase compared to the first half of 2025.
• Organic growth: organic revenue growth was 5.0% compared to the first half of 2025, with growth of 5.5% in the second quarter of 2026. This growth was driven by solid underlying trends across the Buildings & Infrastructure, Marine & Offshore and Consumer Products Services businesses and in most geographies.
• Geographical breakdown:
  • Americas (25% of revenue): the region delivered solid organic growth of 3.4% in the first half of the year with a sequential improvement, delivering 4.9% in the second quarter, supported by strong momentum in North American data centers commissioning and in energy markets.
  • Europe (37% of revenue): Europe recorded 4.6% organic growth in the first half of the year, with a sequential improvement, delivering 5.6% in the second quarter, supported by particularly high activity in Northern and Western Europe.
  • Asia-Pacific (28% of revenue): the Asia-Pacific region delivered strong organic growth of 7.6% in the first half of the year, led by double-digit growth in China, Korea and India.
  • Middle East & Africa (10% of revenue): the Middle East & Africa region achieved a resilient organic growth of 3.5% in the first half of the year while navigating the ongoing conflict in the Middle East. It benefited from ongoing urbanization and infrastructure building programs as well as sustained investments in the energy sector in Gulf Cooperation Council (GCC) countries.
• Negative scope effect: the scope effect had a negative 0.2% contribution to total growth in the first half of the year. This reflected bolt-on acquisitions completed in the past few quarters that contributed to a 1.4% positive impact. It was fully offset by divestments completed over the last twelve months, including the Food Testing business and the construction activities in China, representing a total 1.6% negative impact.
• Negative currency impact: currency fluctuations had a negative impact of 2.7% in the first half of the year, with a lower negative impact of 0.6% in the second quarter. This was due to the strength of the euro against most currencies.

The bases for calculating components of revenue growth are presented in section 1.11 - Definition of alternative performance indicators and reconciliation with IFRS, of this Half-Year Financial Report.

1.5.2 OPERATING PROFIT

Operating profit totaled €430.8 million, down 16.0% compared to €513.1 million in the first half of 2025.

1.5.3 ADJUSTED OPERATING PROFIT

Adjusted operating profit is defined as operating profit before the adjustment items described in section 1.9 – Definition of alternative performance indicators and reconciliation with IFRS, and in Note 4 – Alternative performance indicators of section 2.2 - Notes to the condensed half-year consolidated financial statements, of this Half-Year Financial Report.

The table below shows a breakdown of adjusted operating profit in the first half of 2026 and the first half of 2025:

Change in adjusted operating profit and margin

Half-year adjusted operating profit increased by 3.1% to €506.5 million and by 29 basis points at constant currency.

This represents an adjusted operating margin of 15.5%, up 15 basis points compared to first-half 2025:

• The adjusted operating margin increased organically by 7 basis points year-on-year to 15.5%, driven by higher operating leverage, continued functional scalability from performance improvement programs, effective cost containment and a positive business mix. By division, Marine & Offshore, Buildings & Infrastructure, and Consumer Product Services achieved higher margins, supported by a positive business mix and an accretive impact from past acquisitions. These gains largely offset lower margins in Agri-Food & Commodities and Industry, both impacted by the situation in the Middle East. Certification also delivered reduced margins, reflecting temporary softer growth and was impacted by slower ramp up from recent acquisitions.
• Scope had a positive impact of 22 basis points, reflecting the positive impact of the portfolio rotation with the divestment of Food testing activities and of the Construction business in China.
• Foreign exchange trends had a negative impact of (14) basis points on the Company’s margin due to the strength of the euro against other currencies.

Other adjustment items represented a net expense of EUR 75.7 million versus income of EUR 21.6 million in the first half of 2025, mainly driven by a EUR 9.8 million in net losses on disposals and acquisitions (net gains of EUR 64.9 million in H1 2025) and costs associated with the exit of “Government Services”.

Operating profit amounted to EUR 430.8 million, down 16.0% from EUR 513.1 million in the first half of 2025. The decrease reflects the tough comparables as last year was inflated by a significant non-recurring gain in relation to the divestment of the Food Testing activities.

1.5.4 NET FINANCIAL EXPENSE

Consolidated net financial expense essentially includes interest and amortization of debt issuance costs, income received in connection with loans, debt securities and equity instruments, and other financial instruments held by the Company, and unrealized gains and losses on marketable securities, as well as gains or losses on foreign currency transactions and adjustments to the fair value of financial derivatives. It also includes the interest cost on pension plans, the expected income or return on funded pension plan assets and the impact of discounting long-term provisions.

Change in net financial expense

Net financial expense amounted to €55.5 million in the first half of 2026, compared to €56.0 million in the same period one year earlier. Finance costs increased year-on-year due to the issue of the EUR 700 million bond in October 2025. However, the Company recorded lower unfavorable exchange rate effects compared to the previous year, with a foreign exchange loss of EUR 6.2 million, compared to a loss of EUR 15.8 million in the first half of 2025.

Other items (including interest costs on pension plans and other financial expenses) amounted to a negative EUR 9.0 million, compared with a negative EUR 10.2 million in the first half of 2025.

1.5.5 INCOME TAX EXPENSE

Consolidated income tax expense stood at €122.6 million in the first half of 2026, including the impact of the exceptional contribution on large companies' profits in France, for which the portion relating to 2025 corporate income tax was recognized in full in the first half of 2026, compared to EUR 119.0 million in the first half of 2025.

This represents an effective tax rate (ETR – income tax expense divided by profit before tax) of 32.7% for the period, versus 26.1% in the first half of 2025. The change was primarily driven by the divestment of the Food Testing activities, which benefited from a lower tax rate in 2025 compared to the Group's standard effective tax rate.

The adjusted effective tax rate increased by 10 basis points compared to 2025, to 29.3%. It corresponds to the effective tax rate adjusted for the tax effect of adjustment items.

CHANGE IN THE EFFECTIVE TAX RATE

1.5.6 ATTRIBUTABLE NET PROFIT

Attributable net profit for the period was EUR 237.9 million, versus EUR 322.3 million in first-half 2025. Earnings per share (EPS) came out at EUR 0.54, compared to EUR 0.72 in first-half 2025.

1.5.7 ADJUSTED ATTRIBUTABLE NET PROFIT

Adjusted attributable net profit is defined as attributable net profit adjusted for the adjustment items net of tax described in section 1.11 – Definition of alternative performance indicators and reconciliation with IFRS of this Half-Year Financial Report.

The table below shows a breakdown of adjusted attributable net profit in the first half of 2026 and the first half of 2025:

(a) Calculated using the weighted average number of shares: 443,849,323 in first-half 2026 and 447,541,814 in first-half 2025

Adjusted attributable net profit totalled EUR 303.8 million in the first half of 2026, up 3.9% versus EUR 292.4 million in H1 2025. Adjusted EPS stood at EUR 0.68 in H1 2026, a 4.8% increase versus last year (EUR 0.65 per share) and up 9.8% based on constant currencies.

Change in adjusted attributable net profit

1.5.8 RESULTS BY BUSINESS

Change in revenue by business

(a) Q2 and H1 2025 revenue figures by business have been restated following a reclassification of activities impacting the Agri-Food & Commodities, Industry and Buildings & Infrastructure businesses (c. €0.9 million in the first half of the year)

Change in adjusted operating profit by business

(b) H1 2025 figures by business have been restated following a reclassification of activities impacting the Agri-food and Commodities, Industry, Buildings & Infrastructure and Certification businesses (c. €0.8 million in half year)

Notes

1. Scopes 1 & 2 greenhouse gas emissions are calculated over a rolling 12‑month period. The most recent quarter is estimated based on the corresponding quarter from the previous fiscal year.
2. Total Accident Rate (TAR): number of accidents with and without lost time x 200,000/number of hours worked.
3. Proportion of women in leadership positions: proportion of women from the Executive Committee to Band II (internal grade corresponding to a management or executive management position) in the Company (number of women on a full-time equivalent basis in a leadership position/total number of full-time equivalents in leadership positions).
4. Number of learning hours per employee is calculated over a 12-month period.

Shaping a World of Trust
Tour Alto, 4 Place des Saisons – 92400 Courbevoie – France
Tel.: +33 (0)1 55 24 70 00 – Fax: +33 (0)1 55 24 70 01 – www.bureauveritas.com