Shareholder's Guide 2025/2026 Edition

A dynamic policy towards shareholders

A dividend that has never decreased since 1963

A dynamic shareholder return policy

A dynamic shareholder return policy. 2024: Dividend per share (in euros): 7.00 € Preferential dividend (in euros with the +10% loyalty bonus): 7.70 € 2023: Dividend per share (in euros): 6.60 € Preferential dividend (in euros with the +10% loyalty bonus): 7.26 € 2022: Dividend per share (in euros): 6.00 € Preferential dividend (in euros with the +10% loyalty bonus): 6.60 € 2021: Dividend per share (in euros): 4.80 € Preferential dividend (in euros with the +10% loyalty bonus): 5.28 € 2020: Dividend per share (in euros): 4.00 € Preferential dividend (in euros with the +10% loyalty bonus): 4.40 € 2019: Dividend per share (in euros): 3.85 € Preferential dividend (in euros with the +10% loyalty bonus): 4.23 € 2018: Dividend per share (in euros): 3.85 € Preferential dividend (in euros with the +10% loyalty bonus): 4.23 € 2017: Dividend per share (in euros): 3.55 € Preferential dividend (in euros with the +10% loyalty bonus): 3.90 € 2016: Dividend per share (in euros): 3.30 € Preferential dividend (in euros with the +10% loyalty bonus): 3.63 € 2015: Dividend per share (in euros): 3.10 € Preferential dividend (in euros with the +10% loyalty bonus): 3.41 €.

HYPOTHESIS

Total Shareholder Return over 10 years, for €15,000 invested in L’Oréal shares, including reinvestment of dividends, excluding bank charges and tax.

Evolution of an investment between 2015 and 2025. In 2015, an investment of €15,170 allowed the purchase of 89 shares. By 2025, this investment has grown to a value of €42,183, corresponding to 109 shares. This represents an average annual growth of +10.1%. The invested capital has thus been multiplied by 2.5 over 10 years.
  • + 9.2% over 5 years
  • + 10.1% over 10 years
  • + 12.0% over 20 years

TOTAL SHAREHOLDER RETURN(2)

Amongst the various economic and financial measures of value creation, L’Oréal prefers Total Shareholder Return. This indicator is based on a range of criteria, including the share price and revenue received in the form of dividends excluding taxes on capital gains and dividends, based on the closing share price on 30 April 2025.

The advantages of registered shares – a dividend with loyalty bonus

Before the end of 2025

Register your shares in your name.

2026-2027

Hold your registered shares continuously for two full calendar years.

From 2028

For the fiscal year 2027, you will receive your first +10% loyalty bonus (preferential dividend) for shares continuously held in registered form in 2026 and 2027. You will be entitled to receive the +10% loyalty bonus in subsequent years if you hold your shares in registered form continuously.

2025

20262027

2028 2029