UNILEVER PLC
For the period ended Dec 31, 2025. Filed Mar 12, 2026.
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The yearly report of a company based outside the US. It covers much of what a 10-K does, and may follow accounting rules other than US ones.
FY2025 · Filed Mar 12, 2026
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Additional information
At 31 December 2025, the employee benefit trust held 1,208,143 (2024:1,776,250 adjusted for share consolidation) PLC shares and PLC and its subsidiaries held
314,912 (2024:290,198 adjusted for share consolidation) of PLC shares as treasury shares in connection with share-based compensation plans. These shares are
shown as deduction from other reserves.
The book value of€36 million (2024:€37 million) of the shares held by the trust and by Unilever PLC and its subsidiaries in respect of share-based compensation
plans is eliminated on consolidation by deduction from other reserves. Their market value at 31 December 2025 was€85 million (2024:€127 million).
During the year ended 31 December 2025, Unilever completed the demerger of its Ice Cream business, effective 6 December 2025 (the ’Separation Date’). As part of
this demerger, certain employees transferred from Unilever to the newly formed Ice Cream entities (TMICC). Employees who moved to TMICC held Unilever share-
based awards that were unvested as at the Separation Date. These awards will continue to be settled at their respective vesting dates under the original plan terms.
The number of shares to vest for these employees will be pro-rated up to the Separation Date. Accordingly, the pro-rated share-based payment expense up to 6
December 2025 has been recognised in the Statement of Profit or Loss for the year.
The value of the share plans for participating employees has been maintained after the demerger of the Ice Cream business through the effect of the share
consolidation.
Shares held to satisfy awards are accounted for in accordance with IAS 32 ‘Financial Instruments: Presentation’. All differences between the purchase price of the
shares held to satisfy awards granted and the proceeds received for the shares, whether on exercise or lapse, are charged to reserves.
Between 31 December 2025 and 20 February 2026 (the latest practicable date for inclusion in this report), movement in shares and share options are as below:
■Shares: nil shares were granted,6,908,475 shares vested and 119,005 shares were forfeited related to the Share Plans.
■Share options: nil shares were granted, nil shares vested and 85,140 shares were forfeited related to the Share Plans.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS UNILEVER GROUP
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