Investments - France

PRB monitoring

• DSNA planned a total asset value for new investments in RP4 of 325.0M€2022, all of which relate to new major investments. DSNA planned 3 new major investments for RP4, all of which have started.

• In 2025, DSNA overspent +3.5M€2022 (+973.5%) in costs related to new major investments. This is attributable to the 4-flight revolution project.

• According to the reporting tables, DSNA overspent +9.2M€2022 (+4.0%) in costs related to investments in 2025.

• DSNA reported no funding from Union assistance programmes in 2025.

Value of the assets for New Investments included in the Performance Plan France | DSNA and comparison with Union-wide

Determined and additional asset value by investment category

Total value of the asset for new investments (M€2022)	325.02	% of total
New major investments (above 5M€ each)	325.02	100%
Included in the performance plan	325.02	100%
Additional	0.00	0%
Other new investments (below 5M€ each)	0.00	0%

DSNA asset value of new investments compared to Union-wide (%)

6.6%

Determined asset value: en route and terminal

Total value of the asset for new major investments (M€2022)1	325.02	% of total
En route	315.14	97%
Terminal	9.88	3%
1 For investments where the allocation has not been clearly provided, an allocation has been assumed based on available information.

Determined asset value by type of investment

New ATM system	0.00
Overhaul of existing ATM system	275.60
Other ATM	0.00
CNS	0.00
Infrastructure	39.00
Ancillary	0.00
Other	10.42
Unknown	0.00
1 When summing the assets for new major investments by investment type, the total may differ from the overall asset value for new major investments, as some investments have been categorised under multiple investment types.

Costs related to investments included in the Performance Plan France | DSNA

New and existing investments

Determined costs	2025D	2026D	2027D	2028D	2029D	RP4
Total costs of new and existing investments (M€2022)	206.21	212.14	225.91	239.96	253.23	1,137.45
New major investments from RP4	0.36	7.02	25.15	34.16	42.87	109.56
Major investments from RP3	106.57	129.44	142.70	154.10	164.26	697.06
Existing investments from previous RPs	99.29	75.69	58.06	51.70	46.10	330.83

Actual costs	2025A	2026A	2027A	2028A	2029A	RP4
Total costs of new and existing investments (M€2022)	218.05	NA	NA	NA	NA	218.05
New major investments from RP4	3.82	NA	NA	NA	NA	3.82
Major investments from RP3	126.24	NA	NA	NA	NA	126.24
Existing investments from previous RPs	87.99	NA	NA	NA	NA	87.99

Difference (A-D)	2025	2026	2027	2028	2029	RP4
Total difference (M€2022)	11.84	NA	NA	NA	NA	NA
New major investments from RP4	3.47	NA	NA	NA	NA	NA
% change of actual with respect to determined	+974%	NA	NA	NA	NA	NA
Major investments from RP3	19.67	NA	NA	NA	NA	NA
% change of actual with respect to determined	+18%	NA	NA	NA	NA	NA
Existing investments from previous RPs	(11.30)	NA	NA	NA	NA	NA
% change of actual with respect to determined	-11%	NA	NA	NA	NA	NA

Costs of investments by nature - En route

Determined costs	2025	2026	2027	2028	2029	RP4
Total costs of new and existing investments (M€2022)	197.18	199.15	207.17	213.94	217.93	1,035.38
Depreciation	152.26	152.33	158.21	162.59	164.61	790.01
Cost of capital	44.92	46.82	48.95	51.35	53.32	245.36
Cost of leasing	0.00	0.00	0.00	0.00	0.00	0.00

Actual costs	2025	2026	2027	2028	2029	RP4
Total costs of new and existing investments (M€2022)	208.54	NA	NA	NA	NA	208.54
Depreciation	170.13	NA	NA	NA	NA	170.13
Cost of capital	38.41	NA	NA	NA	NA	38.41
Cost of leasing	0.00	NA	NA	NA	NA	0.00

Difference (A-D)	2025	2026	2027	2028	2029	RP4
Total difference (M€2022)	11.35	NA	NA	NA	NA	NA
Depreciation	17.86	NA	NA	NA	NA	NA
Cost of capital	( 6.51)	NA	NA	NA	NA	NA
Cost of leasing	0.00	NA	NA	NA	NA	NA

Costs of investments by nature - Terminal

Determined costs	2025	2026	2027	2028	2029	RP4
Total costs of new and existing investments (M€2022)	31.36	32.22	33.45	34.84	35.30	167.17
Depreciation	24.00	24.55	25.29	25.99	25.78	125.60
Cost of capital	7.37	7.67	8.17	8.84	9.52	41.56
Cost of leasing	0.00	0.00	0.00	0.00	0.00	0.00

Actual costs	2025	2026	2027	2028	2029	RP4
Total costs of new and existing investments (M€2022)	29.22	NA	NA	NA	NA	29.22
Depreciation	23.74	NA	NA	NA	NA	23.74
Cost of capital	5.48	NA	NA	NA	NA	5.48
Cost of leasing	0.00	NA	NA	NA	NA	0.00

Difference (A-D)	2025	2026	2027	2028	2029	RP4
Total difference (M€2022)	(2.14)	NA	NA	NA	NA	NA
Depreciation	(0.25)	NA	NA	NA	NA	NA
Cost of capital	(1.89)	NA	NA	NA	NA	NA
Cost of leasing	0.00	NA	NA	NA	NA	NA

Costs by new major investments

Determined costs	2025	2026	2027	2028	2029	RP4
Total costs of major investments in RP4 (M€2022)	0.36	7.02	25.15	34.16	42.87	109.56
4-FLIGHT REVOLUTION	0.00	5.88	22.55	30.47	38.09	96.98
AIRSPACE AND GREEN OPERATIONS	0.21	0.45	0.82	1.51	1.70	4.69
LOW CARBON INFRASTRUCTURES	0.15	0.69	1.79	2.18	3.08	7.89

Actual costs	2025	2026	2027	2028	2029	RP4
Total costs of major investments in RP4 (M€2022)	3.82	NA	NA	NA	NA	3.82
4-FLIGHT REVOLUTION	3.47	NA	NA	NA	NA	3.47
AIRSPACE AND GREEN OPERATIONS	0.27	NA	NA	NA	NA	0.27
LOW CARBON INFRASTRUCTURES	0.08	NA	NA	NA	NA	0.08

Difference (A-D)	2025	2026	2027	2028	2029	RP4
Total difference (M€2022)	3.47	NA	NA	NA	NA	NA
4-FLIGHT REVOLUTION	3.47	NA	NA	NA	NA	NA
AIRSPACE AND GREEN OPERATIONS	0.07	NA	NA	NA	NA	NA
LOW CARBON INFRASTRUCTURES	(0.07)	NA	NA	NA	NA	NA

Costs by Common Project One (CP1) ATM Functionality (AF)

Determined costs	2025	2026	2027	2028	2029	RP4
Total costs of new and existing investments (M€2022)	0.00	0.00	0.00	0.00	0.00	0.00
CP1-AF1	0.00	0.00	0.00	0.00	0.00	0.00
CP1-AF2	0.00	0.00	0.00	0.00	0.00	0.00
CP1-AF3	0.00	0.00	0.00	0.00	0.00	0.00
CP1-AF4	0.00	0.00	0.00	0.00	0.00	0.00
CP1-AF5	0.00	0.00	0.00	0.00	0.00	0.00
CP1-AF6	0.00	0.00	0.00	0.00	0.00	0.00

Actual costs	2025	2026	2027	2028	2029	RP4
Total costs of new and existing investments (M€2022)	0.00	NA	NA	NA	NA	0.00
CP1-AF1	0.00	NA	NA	NA	NA	0.00
CP1-AF2	0.00	NA	NA	NA	NA	0.00
CP1-AF3	0.00	NA	NA	NA	NA	0.00
CP1-AF4	0.00	NA	NA	NA	NA	0.00
CP1-AF5	0.00	NA	NA	NA	NA	0.00
CP1-AF6	0.00	NA	NA	NA	NA	0.00

Difference (A-D)	2025	2026	2027	2028	2029	RP4
Total difference (M€2022)	0.00	NA	NA	NA	NA	NA
CP1-AF1	0.00	NA	NA	NA	NA	NA
CP1-AF2	0.00	NA	NA	NA	NA	NA
CP1-AF3	0.00	NA	NA	NA	NA	NA
CP1-AF4	0.00	NA	NA	NA	NA	NA
CP1-AF5	0.00	NA	NA	NA	NA	NA
CP1-AF6	0.00	NA	NA	NA	NA	NA

Costs by Strategic Deployment Objective (SDO)

Determined costs	2025	2026	2027	2028	2029	RP4
Total costs of new and existing investments (M€2022)	0.00	0.00	0.00	0.00	0.00	0.00
Total costs SDO – 1	0.00	0.00	0.00	0.00	0.00	0.00
Total costs SDO – 2	0.00	0.00	0.00	0.00	0.00	0.00
Total costs SDO – 3	0.00	0.00	0.00	0.00	0.00	0.00
Total costs SDO – 4	0.00	0.00	0.00	0.00	0.00	0.00
Total costs SDO – 5	0.00	0.00	0.00	0.00	0.00	0.00
Total costs SDO – 6	0.00	0.00	0.00	0.00	0.00	0.00
Total costs SDO – 7	0.00	0.00	0.00	0.00	0.00	0.00
Total costs SDO – 8	0.00	0.00	0.00	0.00	0.00	0.00
Total costs SDO – 9	0.00	0.00	0.00	0.00	0.00	0.00
Total costs SDO – 10	0.00	0.00	0.00	0.00	0.00	0.00

Actual costs	2025	2026	2027	2028	2029	RP4
Total costs of new and existing investments (M€2022)	0.00	NA	NA	NA	NA	0.00
Total costs SDO – 1	0.00	NA	NA	NA	NA	0.00
Total costs SDO – 2	0.00	NA	NA	NA	NA	0.00
Total costs SDO – 3	0.00	NA	NA	NA	NA	0.00
Total costs SDO – 4	0.00	NA	NA	NA	NA	0.00
Total costs SDO – 5	0.00	NA	NA	NA	NA	0.00
Total costs SDO – 6	0.00	NA	NA	NA	NA	0.00
Total costs SDO – 7	0.00	NA	NA	NA	NA	0.00
Total costs SDO – 8	0.00	NA	NA	NA	NA	0.00
Total costs SDO – 9	0.00	NA	NA	NA	NA	0.00
Total costs SDO – 10	0.00	NA	NA	NA	NA	0.00

Difference (A-D)	2025	2026	2027	2028	2029	RP4
Total difference (M€2022)	0.00	NA	NA	NA	NA	NA
Total costs SDO – 1	0.00	NA	NA	NA	NA	NA
Total costs SDO – 2	0.00	NA	NA	NA	NA	NA
Total costs SDO – 3	0.00	NA	NA	NA	NA	NA
Total costs SDO – 4	0.00	NA	NA	NA	NA	NA
Total costs SDO – 5	0.00	NA	NA	NA	NA	NA
Total costs SDO – 6	0.00	NA	NA	NA	NA	NA
Total costs SDO – 7	0.00	NA	NA	NA	NA	NA
Total costs SDO – 8	0.00	NA	NA	NA	NA	NA
Total costs SDO – 9	0.00	NA	NA	NA	NA	NA
Total costs SDO – 10	0.00	NA	NA	NA	NA	NA

Expected benefit and impact per new major investment France | DSNA

New major investments	SES mandated	Partnership
4-FLIGHT REVOLUTION	X
AIRSPACE AND GREEN OPERATIONS	X
LOW CARBON INFRASTRUCTURES

Public funding granted for total CAPEX (CEF/TEN-T)