Eiffage (FGR) Q3 2025 TU earnings summary

Executive summary

• Consolidated revenue excluding Construction rose 3.3% year-over-year to €2,481.0 million as of September 30, 2025, with Q3 revenue up 2.8% to €925.9 million compared to Q3 2024.

• Aliaé (A79) revenue showed strong growth, up 13.6% year-over-year and 14.0% in Q3 2025.

Financial highlights

• APRR and AREA toll turnover increased 3.2% year-over-year to €2,329.5 million as of September 30, 2025.

• Revenue from commercial, telecom, and other facilities rose 1.7% year-over-year to €107.9 million.

• Q3 2025 APRR and AREA toll turnover grew 2.6% to €865.0 million; commercial facility revenue up 4.6%.

• Construction revenue (Ifric 12) was €113.6 million as of September 30, 2025, and €51.0 million in Q3 2025.

Outlook and guidance

• Fitch confirmed an A credit rating with a stable outlook on September 26, 2025.