P ess Release
As a emi de , the publicatio of the qua te ly liquidity positio is pa t of the egula epo ti g equi eme ts defi ed i the Decembe 2024 c edit docume tatio .
Net cha ge i cash1 fo the semeste is estimated at c. €-120 millio at the cu e t pe imete , eflecti g usual busi ess seaso ality, amplified by the cha ge i timi g of the yea ly va iable i ce tive payme t, as well as fu the impleme tatio of est uctu i g pla s (c.€-118 millio cash est uctu i g costs).
This is befo e the estimated impacts of:
- Net p oceeds f om M&A ope atio s fo €215 millio , i cludi g the cash impact of divested pe imete fo €-36 millio
- Cha ge i u solicited payme ts eceived i adva ce of the i voice payme t due date du i g the semeste fo €-153 millio a d facto i g of t ade eceivables fo €8 millio
- The additio al cash collate al deposited i esc ow accou ts of €-173 millio , secu i g the supe sedeas bo d elated to the T iZetto litigatio
- Debt epayme t a d efi a ci g (i cludi g bo ds pu chase o the ope ma ket fo €-109 millio a d fi st steps i elatio to the efi a ci g of the 1L t a che of the G oup’s debt)
The t ade eceivables facto i g p og am was ece tly closed with a fi a ci g pa t e fo its fi st cou t y. The p og am is expected to co ti ue to amp up i the seco d half of the yea a d to be exte ded to th ee othe cou t ies fo a sizeable amou t. It p ovides a secu ed a d ecu i g sou ce of fu di g at a att active all-i cost of ci ca 6% fo the eu o t a che. It is committed fo a du atio of th ee yea s o a o – ecou se basis.
As of Ju e 30, 2026, Atos G oup liquidity is estimated at €1,805 millio , o €948 millio afte the €857 millio eimbu seme t of the outsta di g fo me 1L debt that took place o July 6 (i cludi g call p emium). This compa es to €1,705 millio as of Decembe 31, 2025 a d emai s well above the mi imum €650 millio level equi ed by the Decembe 2024 c edit docume tatio . It was comp ised of:
| I € millio | Ju e 30, 2026 (estimated) | Decembe 31, 2025 (actuals) | Va iatio | Cash a d cash equivale t | 1,735 | 1,265 | +470 | Of which payme ts eceived i adva ce of i voice payme t due date | 123 | 276 | -153 | Of which facto i g of t ade eceivables | 8 | – | +8 | U d aw evolvi g c edit facility | 702 | 440 | -370 |
I acco da ce with the Decembe 2024 fi a ci g docume tatio , the compa y co ducted o Ju e 30, 2026 a liquidity test based o the fo ecast liquidity positio as at Decembe 31, 2026, pu sua t to which it must apply a y disposal p oceeds towa d a ma dato y ea ly epayme t of the Decembe 2024 fi a ci g debt if liquidity exceeds €1.1 billio .
The fo wa d-looki g liquidity positio of the G oup as at 31 Decembe 2026, taki g i to accou t the estimated liquidity positio as at Ju e 2026 – afte the eimbu seme t of the outsta di g fo me 1L debt that took place o July 6 – a d based o a co se vative six-mo th cashflow fo ecast, amou ts to €1.098 billio , aimi g to p ese ve sho t-te m liquidity a d eflecti g the followi g assumptio s:
- Co fi med FY 2026 positive et cha ge i cash4 ta get
- No fu the p oceeds f om disposals
- Limited amp up of facto i g p og ams (co se vative app oach)
- No be efit f om u solicited payme ts eceived i adva ce of the i voice payme t due date du i g the seco d half of the yea
Co seque tly, the fo ecast liquidity positio as at 31 Decembe 2026 is below €1.1 billio . The efo e, i acco da ce with the Decembe 2024 fi a ci g docume tatio , o disposal p oceeds shall be applied to ma dato y ea ly epayme t at this stage.
Depe di g o the actual liquidity positio at 31st Decembe 2026, the G oup will allocate a y amou ts f om disposal p oceeds that exceed €1.1 billio to ma dato y ea ly epayme t.
This docume t co tai s fo wa d-looki g stateme ts that i volve isks a d u ce tai ties, i cludi g efe e ces, co ce i g the G oup’s expected g owth a d p ofitability i the futu e which may sig ifica tly impact the expected pe fo ma ce i dicated i the fo wa d-looki g stateme ts. These isks a d u ce tai ties a e li ked to facto s out of the co t ol of the Compa y a d ot p ecisely estimated, such as ma ket co ditio s o competito s’ behavio s. A y fo wa d-looki g stateme ts made i this docume t a e stateme ts about Atos G oup’s beliefs a d expectatio s a d should be evaluated as such. Fo wa d-looki g stateme ts i clude stateme ts that may elate to Atos G oup’s pla s, objectives, st ategies, goals, futu e eve ts, futu e eve ues o sy e gies, o pe fo ma ce, a d othe i fo matio that is ot histo ical i fo matio . Actual eve ts o esults may diffe f om those desc ibed i this docume t due to a umbe of isks a d u ce tai ties that a e desc ibed withi the 2025 U ive sal Regist atio Docume t filed with the Auto ité des Ma chés Fi a cie s (AMF) o Ma ch 10, 2026 u de the egist atio umbe D.26-0075. Atos G oup does ot u de take, a d specifically disclaims, a y obligatio o espo sibility to update o ame d a y of the i fo matio above except as othe wise equi ed by law.
This docume t does ot co tai o co stitute a offe of Atos G oup’s sha es fo sale o a i vitatio o i duceme t to i vest i Atos G oup’s sha es i F a ce, the U ited States of Ame ica o a y othe ju isdictio . This docume t i cludes i fo matio o specific t a sactio s that shall be co side ed as p ojects o ly. I pa ticula , a y decisio elati g to the i fo matio o p ojects me tio ed i this docume t a d thei te ms a d co ditio s will o ly be made afte the o goi g i -depth a alysis co side i g tax, legal, ope atio al, fi a ce, HR a d all othe eleva t aspects have bee completed a d will be subject to ge e al ma ket co ditio s a d othe customa y co ditio s, i cludi g gove a ce bodies a d sha eholde s’ app oval as well as app op iate p ocesses with the eleva t employee ep ese tative bodies i acco da ce with applicable laws.
Atos G oup is a global leade i digital t a sfo matio with c. 56,000 employees a d a ual eve ue of c. €7.2 billio , ope ati g i 54 cou t ies u de two b a ds – Atos fo se vices a d Evide fo p oducts a d systems. Eu opea umbe o e i cybe secu ity a d a leade i cloud, Atos G oup is committed to a secu e a d deca bo ized futu e a d p ovides tailo ed AI-powe ed, e d-to-e d solutio s fo all i dust ies. Atos G oup is listed o Eu o ext Pa is.
I vesto Relatio s: i vesto s@atosg oup.com
I dividual sha eholde s: +33 8 05 65 00 75
Media Relatio s: globalp team@atosg oup.com
1 Net cha ge i cash befo e debt epayme t, a d calculated befo e the estimated impacts of (i) excha ge ate fluctuatio , (ii) M&A, (iii) cha ge i u solicited payme ts eceived i adva ce of the i voice payme t due date du i g the yea a d facto i g a d (iv) cha ge i cash deposited i esc ow accou ts i o de to p ovide cash collate al
2 New RCF of €110 millio i cludes available cash fo €70 millio a d ba k gua a tee fo €40 millio
3 Liquidity is defi ed as the sum of (i) the co solidated cash a d cash-equivale t positio of the G oup a d (ii) the amou ts available u de a y u d aw committed facilities (i cludi g committed ove d afts). Co solidated cash a d cash-equivale t i cludes t apped cash a d u pooled cash a d excludes cash held i esc ow accou ts i o de to p ovide cash collate al
4 Net cha ge i cash befo e debt epayme t, a d calculated befo e the estimated impacts of (i) excha ge ate fluctuatio , (ii) M&A, (iii) cha ge i u solicited payme ts eceived i adva ce of the i voice payme t due date du i g the yea a d facto i g a d (iv) cha ge i cash deposited i esc ow accou ts i o de to p ovide cash collate al
