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Eiffage
Eiffage (FGR) investor relations material
Eiffage Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary25 Feb, 2026
Executive summary
Revenue reached €25.3 billion in 2025, up 8% year-over-year, with strong international expansion, especially in Europe outside France (+16.6%).
Net profit Group share was €1,022 million, representing an 8.9% increase at constant tax rates, but a 1.6% decrease on an actual basis.
Free cash flow remained high at €2.1 billion; net debt reduced by €870 million to €8.5 billion, despite €825 million in external growth investments.
The group was included in the CAC 40 index and continued significant external growth, notably increasing its stake in Getlink to 27.66%.
Major acquisitions in 2025/2026, including HSM Offshore Energy and several companies in Germany, Spain, the Netherlands, and Italy, expanded the European presence.
Financial highlights
Operating profit grew 5.3% to €2.6 billion, with the group operating margin at 10.3%.
Contracting revenue rose 9.2% to €21.3 billion, with 42% generated outside France.
Concessions revenue increased by 2.3% to €4.0 billion, with motorway traffic on the APRR network up 1.3%.
EBITDA increased by €378 million; free cash flow after investments at €2.1 billion.
Dividend proposed at €4.80 per share, up €0.10 from the previous year.
Outlook and guidance
Revenue and operating profit are expected to increase in both Contracting and Concessions in 2026.
Operating margin improvement is anticipated for Énergie Systèmes, with stable margins for other contracting businesses.
Net profit Group share is projected to rise, driven by improved operating performance.
Organic growth expected to continue, though at a slower pace than 2024 and 2025.
Contracting order book at €29.9 billion (+3%), supporting continued growth.
What drove the €0.5bn FCF decrease in 2025?
How did European acquisitions boost Contracting margins?
What is the 2026 impact of the French motorway tax?
Sustainability of negative WCR trends
Strategy for Getlink stake increase
Drivers of Energy Systems margin outperformance
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Next Eiffage earnings date
Q1 202612 May, 2026
Eiffage
Next Eiffage earnings date
Q1 202612 May, 2026
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Frequently asked questions
Eiffage SA is a French multinational construction and concessions company, specializing in civil engineering, infrastructure, real estate development, and energy systems. The company operates across various sectors, including transportation infrastructure, energy, and urban development. Eiffage is involved in building and managing roads, railways, bridges, and public facilities, as well as providing services for energy efficiency and renewable energy projects. Additionally, Eiffage engages in public-private partnerships (PPPs) for long-term infrastructure management, such as toll roads and airports. The company is headquartered in Vélizy-Villacoublay, France, and its shares are listed on Euronext Paris.
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