2025 Universal Registration Document

Key data

Revenue(1) €74.6 billion

Net income attributable to owners of the parent €4,903 million

Revenue(1)

(in €m)

This chart shows the Group's revenue(Excluding concession subsidiaries’ revenue derived from works carried out by non-Group companies (2025: €772 million). See glossary page 456.) in millions of euros. 2024: International: €41,426m - France: €30,197m - Total: €71,623m. 2025: International: €43,813m - France: €30,787m - Total: €74,599m

Ebitda(2)

(in €m and as a percentage of revenue(1))

This chart shows the Group's Ebitda(Cash flow from operations before tax and financing costs. See glossary page 456.) in millions of euros and as a percentage of revenue(Excluding concession subsidiaries’ revenue derived from works carried out by non-Group companies (2025: €772 million). See glossary page 456.).France: 2024: €12,689m, 17.7% - 2025: €13,507m, 18.1%.

Operating income from ordinary activities

(in €m and as a percentage of revenue(1))

This chart shows the Group's operating income from ordinary activities in millions of euros and as a percentage of revenue(Excluding concession subsidiaries’ revenue derived from works carried out by non-Group companies (2025: €772 million). See glossary page 456.). France : 2024: €8,997m, 12.6% - 2025: €9,558m, 12.8%.

Net income attributable to owners of the parent

(in €m)

- This chart shows the Group's net income attributable to owners of the parent in millions of euros. France: 2024: €4,863m (53% outside France in 2024, 56% outside France in 2025.) - 2025: €4,903m (53% outside France in 2024, 56% outside France in 2025.)

Net financial debt at 31 December

(in €m)

This chart shows the Group's net financial debt at 31 December in millions of euros. France: 2024: €20,415m - 2025: €19,075m.

Revenue(1) by geographical area

(in €m and as a percentage)

This chart shows the Group's revenue⁽¹⁾ by geographical area in millions of euros and as a percentage.

France:

  • €30,787m
  • 41%

United Kingdom:

  • €7,362m
  • 10%

Germany:

  • €6,485m
  • 9%

Spain:

  • €3,780m
  • 5%

Central and Eastern Europe:

  • €3,297m
  • 5%

Rest of Europe:

  • €7,587m
  • 10%

North America:

  • €5,434m
  • 7%

Central and South America:

  • €4,294m
  • 6%

Africa:

  • €1,768m
  • 2%

Asia and Middle East:

  • €1,720m
  • 2%

Oceania:

  • €2,085m
  • 3%