APPENDIX

Appendix V – Exchange rate movements

Exchange rates expressed in units of currency per Euro, with negative variations representing euro depreciation and positive variations euro appreciation.

LAST EXCHANGE RATE (BALANCE SHEET) CHANGE 2025/2024 AVERAGE EXCHANGE RATE (P&L) CHANGE 2025/2024
GBP 0.8724 5.5 % 0.8569 1.2 %
US Dollar 1.1736 13.4 % 1.1307 4.5 %
Canadian Dollar 1.6100 8.1 % 1.5787 6.5 %
Polish Zloty 4.2194 -1.4 % 4.2394 -1.5 %
Australian Dollar 1.7590 5.1 % 1.7524 6.8 %
Indian Rupee 105.4919 18.3 % 98.5983 8.9 %