Current operating profit rose by 5.3% to €2.6 billion, despite a €60 million increase in IFRS 2 expenses linked to the employee reserved capital increase. As a result, the current operating margin stood at 10.3%, compared to 10.6% in 2024.
Consolidated revenue reached €25.3 billion in 2025, up 8% on a reported basis and 4.8% at constant scope and exchange rates.
The Works division grew by 9.2% to €21.3 billion (+5.3% at constant scope and exchange rates), driven by strong momentum in Europe outside France (+16.6%). International operations now account for 42% of Works activity, including 13% in Germany (€2.8 billion).
In Construction, business returned to growth (+2.7% to €4.1 billion), supported by tertiary and residential rehabilitation, notably thanks to the ramp-up of the Nové contract, in a still challenging environment for new housing. Real estate, however, declined by 15.5% to €0.6 billion, despite a slight increase in reservations to 2,259 units.
As of December 31, 2025, the order book stood at €5.6 billion, up 3% year-on-year.
Supported by a Works order book of €29.9 billion (+3%), Eiffage approaches 2026 with confidence. The group anticipates overall stable activity in Infrastructure and Construction, and continued growth in Energy Systems, though at a more moderate pace than in 2025.
The operating margin is expected to rise, while Concessions should post slight increases in both revenue and profit. Group share net profit is also forecast to increase.
A dividend of €4.80 per share, up €0.10, will be proposed for 2025.
Eiffage S.A. is the No. 5 European group of building and civil engineering works and concessions. Net sales break down by activity as follows:
- construction and maintenance of transportation and civil engineering infrastructures (37.2%): roads, motorways, bridges, railways, etc. The group also produces and markets granulates, coatings, and binders;
- design, execution, and maintenance of electrical, climate-control, and mechanical engineering facilities (30.6%);
- construction and concession management of infrastructures and works of art (16.4%);
- building construction and renovation (15.8%): residences, offices, shopping centers, parking lots, stadiums, prisons, hospitals, etc. Eiffage S.A. also develops and sells real estate.
Net sales are distributed geographically as follows: France (68.4%), Germany (10.4%), Europe (19.3%) and other (1.9%).
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