D.32. Earnings per share
In accordance with IAS 33, the basic earnings per share are calculated as follows:
|
|
2024/25 |
|
2025/26 |
|---|---|---|---|---|
|
|
|
|
|
Profit attributable to equity holders of the parent (in millions of euros) |
|
153.5 |
|
424.7 |
|
|
|
|
|
Issued ordinary shares (average) |
|
178,549,163 |
|
178,549,163 |
Effect of treasury shares held (average) |
|
−7,098,547 |
|
−7,098,547 |
Weighted average number of outstanding ordinary shares |
|
171,450,616 |
|
171,450,616 |
|
|
|
|
|
Basic earnings per share (euros) |
|
0.90 |
|
2.48 |
In accordance with IAS 33, the diluted earnings per share are calculated as follows:
|
|
2024/25 |
|
2025/26 |
|---|---|---|---|---|
|
|
|
|
|
Profit attributable to equity holders of the parent (in millions of euros) |
|
153.5 |
|
424.7 |
Interest charged for convertible bonds (net) |
|
0.0 |
|
8.4 |
Base for diluted earnings per share (euros) |
|
153.5 |
|
433.1 |
|
|
|
|
|
Issued ordinary shares (average) |
|
178,549,163 |
|
178,549,163 |
Effect of treasury shares held (average) |
|
−7,098,547 |
|
−7,098,547 |
Weighted average number of outstanding ordinary shares |
|
171,450,616 |
|
171,450,616 |
Weighted number of shares assuming conversion |
|
0 |
|
6,174,761 |
Weighted average number of shares for diluted earnings per share |
|
171,450,616 |
|
177,625,377 |
|
|
|
|
|
Diluted earnings per share (euros) |
|
0.90 |
|
2.44 |
The convertible bond issued on April 28, 2023, was not included in the calculation of diluted earnings per share as of March 31, 2025, as it would have had an anti-dilutive effect. If the conversion right were exercised, the number of shares would increase by 6,174,761 based on the conversion price as of the balance sheet date March 31, 2026 (see Note D.18. Equity). On April 22, 2026, a tap issuance in the amount of EUR 35.0 million was issued; this amount had not been included in diluted earnings per share as of the balance sheet date (see Note D.31. Events after the reporting period).