Information related to Opella, presented within assets held for sale and discontinued operations

6 Months Ended

Jun. 30, 2025

Subclassifications of assets, liabilities and equities [abstract]

B.22. Information related to Opella, presented within assets held for sale and discontinued operations

On April 30 2025, the Opella transaction was closed (see Note B.1.) triggering loss of control, and resulting in the derecognition of all assets and liabilities of Opella subsidiaries. As of December 31, 2024, all Opella assets and associated liabilities were classified as held for sale, in accordance with IFRS 5.



( € million)	December 31, 2024

Assets

Property, plant and equipment owned		760

Right-of-use assets		116

Goodwill		7,255

Other intangible assets		2,928

Inventories		600

Accounts receivable		989

Other assets		841

Total assets held for sale		13,489

Liabilities

Lease liabilities		112

Non-current provisions and other non-current liabilities		204

Accounts payable		797

Current provisions and other current liabilities		570

Other liabilities		448

Total liabilities related to assets held for sale		2,131

In accordance with IFRS 5, the Opella held for sale asset group, and the related liabilities, were measured at the lower of carrying amount and fair value less costs to sell. This valuation did not result in the recognition of any impairment.

The table below shows the main items presented within

Net income from discontinued operations



(€ million)	June 30, 2025			June 30, 2024

Net sales and other revenues (a)		1,736			2,645

Operating income (a)		266			277

Gain on disposal of Opella before tax		2,781			—

Income before tax and investments accounted for using the equity method, including gain on disposal of Opella before tax		3,039			278

Income tax expense (b)		(158	)		(85	)

Net income from discontinued operations (Opella)		2,881			202

(a)	For the first half of 2025, these lines include the net sales and operating income of Opella until the date of loss of control date (see Note B.1.).

(b)	In 2025, this line includes an expense of €88 million related to the tax impact on the gain arising on the loss of control of Opella.

The table below presents basic and diluted earnings per share from discontinued operations (Opella), in accordance with IAS 33 (Earnings per Share):



(€ million)	June 30, 2025		June 30, 2024

Net income from discontinued operations (Opella)		2,881		202

Average number of shares outstanding (million)		1,225.5		1,249.4

Average number of shares after dilution (million)		1,230.7		1,253.8

Basic earnings per share (in euros)		2.34		0.16

Diluted earnings per share (in euros)		2.33		0.16