Related party transactions

12 Months Ended

Dec. 31, 2025

25 Related party transactions

Transactions with related parties were made in the normal course of business.

Transactions between RELX PLC and subsidiaries of the Group have been eliminated within the consolidated financial statements. Transactions with joint ventures and associates comprise sales of goods and services of £24.4m (2024: £23.3m; 2023: £17.4m). As at 31 December 2025, amounts owed by joint ventures and associates were £8.0m (2024: £6.6m; 2023: £6.6m) and amounts due to joint ventures and associates were £4.7m (2024: £1.6m; 2023: £2.3m). See note 6 for details of the Group’s participation in defined benefit pension schemes.

Key management personnel are also related parties as defined by IAS 24 – Related Party Disclosures and comprise the Executive and Non-Executive Directors of RELX PLC. Key management personnel remuneration is set out below. For reporting purposes, salary, benefits and annual incentive payments are considered short-term employee benefits.


EXECUTIVE DIRECTORS				Salary GBP’000		Benefits GBP’000		Annual incentive GBP’000		Share based remuneration* GBP’000		Pension* GBP’000	Total GBP’000
Total Executive Directors		2023		2,190		97		3,808		14,354		241	20,690
		2024		2,245		109		3,576		14,322		247	20,499
		2025		2,360		116		3,810		11,016		260	17,562

The figures for share based awards are calculated in accordance with the methodology set out in the UK adopted International Accounting Standards in conformity with the requirements of the Companies Act 2006 and IFRS accounting standards as issued by the International Accounting Standards Board. The figure for performance-related share based awards includes share price appreciation since the date the award was granted. Please see page 105 for further details. The pension value is calculated in accordance with the methodology set out in the UK Regulations.


NON-EXECUTIVE DIRECTORS		2023 GBP’000	2024 GBP’000	2025 GBP’000
Fees and benefits		1,566	1,781	1,812

The remuneration of non-executive directors comprises fees for services, and benefits primarily relating to tax filing support in respect of filings resulting from their directorships. No deemed benefits were provided during 2025 to former directors (2024: nil; 2023: nil). No loans, advances or guarantees have been provided on behalf of any director. The aggregate gains made by Executive Directors on the exercise of options during 2025 were £2.8m (2024: £11.7m; 2023: £6.7m).

KEY MANAGEMENT PERSONNEL REMUNERATION

2025
GBPm

Salaries, other short-term employee benefits and non-executive fees

Share based remuneration*