REG - Canal+ S.A - RESOLUTION OF FRENCH VAT DISPUTE

Canal+ SAAnnouncement

19/12/2025 10:45

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RNS Number : 3048M  Canal+ S.A  19 December 2025

Press release

CANAL+ SA (LSE : CAN)
Issy-les-Moulineaux, 19 December 2025
This announcement contains Inside Information

 

 

 

CANAL+ announces resolution to its dispute with the French tax authorities
regarding the VAT rate applicable to the Group's services

 

CANAL+ (LSE: CAN, the "Company", the "Group") announced today that it has
reached a settlement with the French tax authorities, resolving the dispute
related to the VAT rate applicable to television subscriptions.

 

This agreement follows the clarifications published by the tax authorities in
September 2025, as well as the work jointly carried out on the definition and
operational terms of catch-up television at Canal+.

 

In this context, VAT applies at a reduced rate on television subscription
services. The Company believes that future related tax audits for subsequent
years should not result in any significant additional adjustments. The Company
has therefore decided not to make any additional provision in its accounts in
this respect.

 

The total amount to which the Group has committed amounts to €363 million.
The payment schedule for this sum will be defined at a later date.

 

For further enquiries please contact:

 Andrew Swailes     andrew.swailes@canal-plus.com
 Olivia Abehassera  olivia.abehassera@canal-plus.com

 H2Radnor           ir@canal-plus.com

 

Market Abuse Regulation Statement

This Announcement contains inside information as stipulated under the Market
Abuse Regulations (EU) No. 596/2014 as it forms part of UK law by virtue of
the European Union (Withdrawal) Act 2018. Upon the publication of this
Announcement via a Regulatory Information Service, this inside information is
considered to be in the public domain. The person responsible for arranging
the release of this announcement on behalf of Canal+ S.A is Laëtitia
Ménasé, Company Secretary.

 

ABOUT CANAL+

Founded as a French subscription-TV channel 40 years ago, CANAL+ is now a
global media and entertainment company. On 22 September 2025, CANAL+ confirmed
it is in effective control of MultiChoice Group and beginning the integration
process. MultiChoice is Africa's leading entertainment platform, offering a
wide range of products and services, including DStv, GOtv, Showmax, M-Net,
SuperSport, Irdeto, and KingMakers. Together, the new combined group has 40
million subscribers worldwide, operates in over 70 countries and has
approximately 17,000 employees.

CANAL+ operates across the entire audio-visual value chain, including
production, broadcast, distribution and aggregation. It is home
to STUDIOCANAL, a leading film and television studio with worldwide
production and distribution capabilities; Dailymotion, major international
video platform powered by cutting-edge proprietary technology for video
delivery, advertising, and monetization; CANAL+ Distribution, a production
and distribution company specialising in creating and distributing diverse
content and channels; and telecommunication services, through GVA in Africa
and CANAL+ Telecom in the French overseas jurisdictions and territories.

CANAL+ also has significant equity stakes in Viaplay (the Pay-TV leader in
Scandinavia) and Viu (a leading OTT platform in Southern Asia) and UGC, a
leading French cinema group.

canalplusgroup.com/en
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