Cyril Malargé, Chief Executive Officer of Sopra Steria Group, commented:

“Against what we were expecting to be a difficult backdrop during the first half of the year, our profile enabled us to hold up well. We benefited from the following factors: most of our locations are in Europe, we are not directly exposed to the effects of the trade war, we have a strong presence in the defence and public-sector markets, and our business strategy is focused on local clients.

Although the market is not yet showing significant signs of an upturn, our business is on an improving trend as forecast after reaching a low point during Q1 of this year. The pace of negative growth slowed markedly during Q2. The wait-and-see attitude observed at the start of the year in the public sector – in France in particular – is gradually easing. In addition, we recorded a stronger sales performance in June in a number of European countries. This gradual improvement is expected to continue during the second half of the year. Our aim is to return to slight organic revenue growth during Q4 of this year.

We are well positioned to benefit from the opportunities offered by our customers’ investments in the defence, security and space industries. We are also a legitimate partner in addressing Europe’s emerging sovereignty and cybersecurity priorities. Our strategy aims to position us as a trusted, credible European alternative, harnessing technology, generative AI and agentic AI to help our European clients deliver on their transformation objectives.

To this end, we are continuing to focus on transforming our offering and our industrial capacity, developing our operating model and moving our expertise higher up the value chain.”

Revenue for the Group totalled €2,843.7 million, down 3.6% relative to H1 2024. After adjusting to exclude the impact of currency fluctuations (+€4.1 million) and a change in scope of +€3.3 million relating to the consolidation of Aurexia, revenue contracted by 3.8% on an organic basis. As forecast, Q2 saw an improvement, with negative growth of 2.7%, compared with negative growth of 4.9% in Q1 2025.

The Group’s operating profit on business activity held up well in this context. It came to €261.4 million, equating to a margin of 9.2%, down 0.5 points from H1 2024.

In France (42% of the Group total), revenue fell by 3.7% on an organic basis, totalling €1,207.9 million. Q2 saw an improvement (-2.4%) compared to Q1 (-4.9%), due in particular to a progressive return towards normal conditions in the public sector and in defence following a very slow start to the year. The situation also improved in energy, telecommunications and transport. Most verticals did however remain in negative growth during Q2. Operating margin on business activity stood at 9.2% for the half-year period (9.5% in H1 2024), returning to a level above that seen in H2 2024 (8.5%).

In the United Kingdom (16% of the Group total), revenue was €456.2 million, representing negative organic growth of 7.7%. As forecast, negative growth slowed significantly during Q2 (- 4.7%) relative to Q1 (-10.8%). The NS&I programme got off to a good start on 1 April. The NHS SBS platform saw a significant increase in business activity. The SSCL platform benefited from less unfavourable base effects and from a three-year extension secured for six of its major contracts, pushing the contract renewal dates back to 2027 and 2028. A return to organic revenue growth is forecast for the end of H2. Operating margin on business activity stood at 9.5% (11.6% in H1 2024).

The Europe reporting unit (36% of the Group total) generated revenue of €1,015.2 million. At constant scope and exchange rates, revenue contracted by 3.1% over the half-year period, with Q2 (-3.0%) showing slightly less negative growth than Q1. Revenue growth was positive in Spain, Italy and Scandinavia. The other geographic areas saw their revenue decrease. Most countries in the reporting unit saw a contraction in their profitability. Operating margin on business activity for the reporting unit averaged 8.1% (9.3% in H1 2024).

The Solutions reporting unit (6% of the Group total) posted revenue of €164.4 million, representing organic growth of 2.6%. The Human Resources Solutions business (which accounted for 64% of the reporting unit’s revenue) grew by 2.7%. Operating margin on business activity for the reporting unit increased sharply to 15.2% (7.6% in H1 2024), with all its businesses contributing to this improvement (Human Resources, Property Management and Specialised Lending Solutions).

1. Revenue at 2025 scope, exchange rates

1. Revenue at 2025 scope, exchange rates

1. On a 2025 accounting standards basis (IFRS 5)

The main risk factors are of the same nature as those presented in Chapter 2, Section 1 (pages 44 to 51) of the 2024 Universal Registration Document filed with the Autorité des Marches Financiers (AMF) on 14 March 2025, available on the Company’s website: https://www.soprasteria.com. As at the date of this report, no significant risk factors other than those mentioned in the 2024 Universal Registration Document had been identified.

The most significant risks specific to Sopra Steria are set out below by category and in decreasing order of criticality (based on the crossover between likelihood of occurrence and the estimated extent of their impact), taking account of mitigation measures implemented.

This presentation of residual risks is not intended to show all Sopra Steria’s risks. The assessment of this order of materiality may be changed at any time, in particular due to the appearance of new external factors, changes in operations or a change in the effects of risk management measures.

For each risk, a description is provided in Chapter 2, Section 1 (pages 44 to 51) of the 2024 Universal Registration Document explaining in what ways it could affect Sopra Steria as well as the risk management measures put in place, such as governance, policies, procedures and checks and dedicated action plans.

The table below shows the results of this assessment in terms of residual materiality on a scale of three levels, from least material (●) to most material (●●●).

1. For more information, please refer to Chapter 4, “Sustainability Report” of the 2024 Universal Registration Document

The full-year financial targets for 2025 are all confirmed:

• Organic revenue growth of between -2.5% and +0.5%
• Operating margin on business activity of between 9.3% and 9.8%
• Free cash flow of between 5% and 7% of revenue

No subsequent events occurred after the end of the first half of 2025.

The Group’s condensed consolidated interim financial statements for the six-month period ended 30 June 2025 were approved by the Board of Directors at its meeting held on 24 July 2025.

1.1. Basis of preparation

The consolidated financial statements for the period ended 30 June 2025 were prepared in accordance with IAS 34 Interim Financial Reporting, part of the International Financial Reporting Standards (IFRSs) published by the International Accounting Standards Board (IASB) as adopted in the European Union and available online at https://finance.ec.europa.eu/capital-markets-union-and-financial-markets/company-reporting-and-auditing/company-reporting/financial-reporting_en.

The accounting policies used to prepare the condensed consolidated financial statements for the six-month period ended 30 June 2025 were the same as those used in the consolidated financial statements for the year ended 31 December 2024 and described in Chapter 5, Note 1 of the 2024 Universal Registration Document (filed on 14 March 2025 with the Autorité des Marches Financiers under No. D.25-0097, available on the Group’s website: https://www.soprasteria.com), with the exception of the new standards and interpretations applicable to accounting periods beginning on or after 1 January 2025, presented in Note 1.2.

1.2. Application of new standards and interpretations

1.2.1. New mandatory standards and interpretations

New standards and amendments to existing standards adopted by the European Union, the application of which is mandatory for accounting periods beginning on or after 1 January 2025, mainly concern the amendments to IAS 21 The Effects of Changes in Foreign Exchange Rates regarding lack of exchangeability. Their application does not have an impact on the Group’s consolidated financial statements or their notes.

In addition, in the first half of financial year 2025 the IFRS Interpretations Committee (IFRS IC) published a decision entitled “Guarantees Issued on Obligations of Other Entities”. It sets out the accounting treatment to be applied to guarantees issued to cover the obligations of a joint venture in specific situations. It has no impact on the Group’s financial statements.

1.2.2. Standards and interpretations published by the IASB but not applied early

The Group did not identify any new standards or amendments to existing standards adopted by the European Union, the application of which is mandatory after 31 December 2024 and which may be applied in advance.

1.3. Material estimates and accounting judgments

The preparation of the interim financial statements entails the use of estimates and assumptions in measuring certain consolidated assets and liabilities, as well as certain income statement items. Group management is also required to exercise judgment in the application of its accounting policies.

Such estimates and judgments, which are continually updated, are based both on historical information and on a reasonable anticipation of future events according to the circumstances. However, given the uncertainty implicit in assumptions as to future events, the related accounting estimates may differ from the ultimate actual results.

The main assumptions and estimates that may leave scope for material adjustments to the carrying amounts of assets and liabilities in the subsequent period are as follows:

• revenue recognition, in particular relating to solution-building contracts (see Note 4.1);
• post-employment benefits for staff (see Note 5.3);
• measurement of deferred tax assets;
• the recoverable amount of property, plant and equipment and intangible assets, and of goodwill in particular (see Note 8);
• lease terms and the measurement of right-of-use assets and lease liabilities (see Note 9);
• provisions for contingencies (see Note 11.1).

These accounting judgments and estimates take into account the trajectory for reducing GHG emissions and, in particular, the process of transitioning the Group’s activities towards meeting the Climate Neutral Now programme’s target of climate neutrality. This trajectory is reflected in particular in the conditions of one of its credit facilities (see Note 12) and its latest free performance share plan (see Note 5).

Lastly, the Group considers that, to date, it has not been affected by major climate events.

Period from 1 January 2025 to 30 June 2025

To the Shareholders,

In compliance with the assignment entrusted to us by the shareholders at your General Meeting and in accordance with Article L. 451-1-2 III of the French Monetary and Financial Code (Code monétaire et financier), we have:

• Conducted a limited review of the accompanying condensed consolidated interim financial statements of the Company for the period from 1 January 2025 to 30 June 2025;
• Verified the disclosures provided in the business review for the six-month period.

These condensed consolidated interim financial statements were prepared under the responsibility of the Board of Directors. Our role is to express a conclusion on these financial statements based on our limited review.

I – Conclusion on the financial statements

We conducted our limited review in accordance with the professional standards applicable in France.

A limited review consists essentially of inquiries with the management personnel responsible for financial and accounting matters, and of analytical procedures. The work performed is lesser in scope than an audit conducted in accordance with the professional standards applicable in France. Consequently, a limited review provides only limited assurance that the financial statements taken as a whole are free from material misstatement, as opposed to the higher level of assurance provided by an audit.

Based on our limited review, nothing has come to our attention that causes us to believe that the accompanying condensed consolidated interim financial statements were not prepared, in all material respects, in accordance with IAS 34, one of the IFRSs, as adopted by the European Union applicable to interim financial reporting.

II – Specific verifications

We also verified the disclosures provided in the business review for the six-month period on the condensed consolidated interim financial statements that were the focus of our limited review.

We have no matters to report as to their fair presentation and their consistency with the condensed consolidated interim financial statements.

Paris La Défense and Paris, 25 July 2025

The Statutory Auditors

French original signed by

I hereby declare that, to the best of my knowledge, the condensed consolidated financial statements for the half-year period have been prepared in accordance with applicable accounting standards and give a true and fair view of the assets, liabilities, financial position and profit or loss of the Company and of all the entities included in the scope of consolidation; that the business review for the six-month period provided on pages 1 to 9 gives a fair view of the main events that occurred in the first six months of the financial year, their impact on the financial statements and the main transactions between related parties; and that it describes the main risks and uncertainties for the remaining six months of the financial year.

Paris, 28 July 2025

Cyril Malargé

Chief Executive Officer

For more information,

visit www.soprasteria.com

Sopra Steria Group

Head office

6 avenue Kléber

75116 Paris (France)

Phone: +33(0)1 40 67 29 29

Fax: +33(0)1 40 67 29 30

contact-corp@soprasteria.com

www.soprasteria.com