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 %