LVMH 2025 . Performance measures
170 171
OPERATING INVESTMENTS
( EUR millions )
2024 2025
5 , 531
4 , 567
2023
7 , 478
NET PROFIT , GROUP SHARE
( EUR millions )
2024 2025
12 , 550
10 , 878
2023
15 , 174
NET FINANCIAL DEBT
( EUR millions )
2024 2025
9 , 228
6 , 857
2023
10 , 746
EQUITY AND RATIO OF
NET FINANCIAL DEBT TO EQUITY
( EUR millions and % )
2024 2025
69 , 287
68 , 949
2023
62 , 701
SIMPLIFIED BALANCE SHEET AS OF 12 / 31 / 2025
( EUR billions and % of balance sheet total )
142
OPERATING FREE CASH FLOW
( EUR millions )
2024 2025
10 , 478
11 , 333
2023
8 , 104
Further information can be found in the 2025 Universal Registration Document
17 1
13 3
9 9
66 %
Non - current
assets
16 % Inventories
18 %Other
current assets
49 %
Equity
30 %
Non - current
liabilities
21 %
Current
liabilities
Assets Liabilities
and equity
142
