Eiffage Reports 8.0% Growth, Surpassing 25 Billion Euros in Revenue
The construction and infrastructure group Eiffage closed the year 2025 with a revenue of 25.3 billion euros, marking an 8.0% increase in actual terms. Operational performance strengthened in the Construction sector, while net debt decreased despite significant investments in external growth.
Revenue and Sector Performance
Eiffage recorded a revenue of 25.3 billion euros in 2025, an increase of 8.0% in actual structure and 4.8% on a constant scope and currency basis compared to 2024. The Construction sector significantly contributed to this performance with a 9.2% increase to 21.3 billion euros. European activities outside France were particularly strong, showing a growth of 16.6%. The share of construction work performed outside France now stands at 42% of the Construction revenue, with Germany alone accounting for 2.8 billion euros. Eiffage Energy Systems saw an 11.8% increase to 8.1 billion euros, benefiting especially from external growth in Germany and Spain.
Operational Results and Margins
The current operating result improved by 5.3% to 2.6 billion euros despite an increase of 60 million euros in share-based payment expense. The current operating margin was recorded at 10.3%, compared to 10.6% in 2024. In the Construction sector, the contribution to the current operating result jumped by 15.8% to nearly one billion euros, with the operating margin rising to 4.6%. Eiffage Energy Systems reported an operating margin of 6.2%, up by 40 basis points. The net result attributable to the Group reached 1.022 billion euros, down 1.6% in actual terms but up 8.9% on a constant tax basis. Net financial debt decreased by 0.9 billion euros to 8.5 billion euros, while free cash flow was established at 2.1 billion euros.
Strategic Investments and Outlook
Eiffage increased its stake in Getlink to 27.66% of the capital for 0.7 billion euros. The group also won two new PPP contracts, concerning the future headquarters of the Port of Marseille Fos and a penitentiary facility in Belgium. The Construction order book reached 29.9 billion euros, up by 3%. For 2026, Eiffage anticipates a lesser scale of business growth than in 2025, with further improvements in current operating result and net result attributable to the Group. The group proposes a dividend increase of 0.10 euros to 4.80 euros per share for 2025.
