Eiffage (FGR) H1 2025 TU earnings summary

Executive summary

• Consolidated revenue excluding construction rose 3.6% year-over-year to €1,555.1 million in H1 2025, with Aliaé (A79) up 13.3%.

• Q2 2025 revenue excluding construction increased 3.1% year-over-year to €813.4 million, with Aliaé (A79) up 11.3%.

Financial highlights

• Toll revenue for APRR and AREA grew 3.6% in H1 2025 and 3.3% in Q2 2025 compared to prior-year periods.

• Revenue from retail facilities, telecommunications, and other sources was stable in H1 2025 and declined 4.6% in Q2 2025 year-over-year.

• Construction revenue (IFRIC 12) was €62.6 million in H1 2025 and €43.3 million in Q2 2025.

Segment performance

• APRR and AREA network traffic increased 2.2% in H1 2025 and 3.0% in Q2 2025 year-over-year.

• Light vehicle traffic rose 2.6% in H1 2025 and 3.5% in Q2 2025; heavy goods vehicles up 0.5% in H1 and flat in Q2.

• Aliaé (A79) network traffic surged 11.7% in H1 2025 and 11.6% in Q2 2025 year-over-year.