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Eiffage S.A. Earnings Release 2025

Jul 29, 2025

1275_iss_2025-07-29_ecb7ec52-f7c2-4f09-b127-1ed05e5fd0eb.pdf

Earnings Release

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Press release

APRR revenue and traffic for the 1 st semester 2025

1 st semester 2025

Consolidated revenue

in millions of euro H1 2024 H1 2025 Variation (%)
2025/2024
Toll revenue APRR and AREA 1,413.3 1,464.6 +3.6%
Revenue from retail facilities, telecommunications
and other for APRR and AREA
64.2 64.1 -0.2%
Subtotal revenue APRR and AREA 1,477.4 1,528.6 +3.5%
Revenue Aliaé (A79)
Of which from commercial facilities
23.4
5.3
26.5
6.1
+13.3%
Revenue excluding Construction 1,500.8 1,555.1 +3.6%
Construction revenue (Ifric 12)* 105.5 62.6 nm

APRR's consolidated revenue excluding Construction amounted to €1,555.1 million in the first half of 2025, compared with €1,500.8 million in the first half of 2024, an increase of 3.6% (+13.3% for Aliaé (A79)).

Traffic

APRR and AREA networks
in millions of kilometers travelled H1 2024 H1 2025 Variation (%)
2025/2024
Light vehicles 10,074 10,334 +2.6%
Heavy goods vehicles 2,008 2,019 +0.5%
Total 12,082 12,353 +2.2%
Aliaé network (A79)
in millions of kilometers travelled H1 2024 H1 2025 Variation (%)
2025/2024
Light vehicles 130.3 149.1 +14.4%
Heavy goods vehicles 73.1 78.1 +6.8%
Total 203.5 227.2 +11.7%

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2nd quarter 2025

Consolidated revenue

in millions of euro Q2 2024 Q2 2025 Variation (%)
2025/2024
Toll revenue APRR and AREA 740.5 765.0 +3.3%
Revenue from retail facilities, telecommunications
and other for APRR and AREA
35.8 34.2 -4.6%
Subtotal revenue APRR and AREA 776.3 799.2 +3.0%
Revenue Aliaé (A79) 12.8 14.2 +11.3%
Of which from commercial facilities 3.0 3.4
Revenue excluding Construction 789.0 813.4 +3.1%
Construction revenue (Ifric 12)* 82.7 43.3 nm

APRR's consolidated revenue excluding Construction amounted to €813.4 million in the second quarter of 2025, compared with €789.0 million in the second quarter of 2024, an increase of 3.1% (+11.3% for Aliaé (A79)).

Traffic

APRR and AREA networks
in millions of kilometers travelled Q2 2024 Q2 2025 Variation (%)
2025/2024
Light vehicles 5,334 5,522 +3.5%
Heavy goods vehicles 1,017 1,018 +0.0%
Total 6,351 6,540 +3.0%
Aliaé network (A79)
in millions of kilometers travelled Q2 2024 Q2 2025 Variation (%)
2025/2024
Light vehicles 74.2 86.1 +16.0%
Heavy goods vehicles 38.6 39.8 +3.1%
Total 112.8 125.9 +11.6%

Highlights

On May 19, 2025, APRR successfully placed a new €0.5 billion bond issue due January 2031 with a coupon of 2.875%.

(*) Reminder: the application of Ifric 12 from 1 st January 2009 requires the recognition of revenue generated by construction activities, which corresponds to infrastructure construction services performed by the concession operator for the account of the concession grantor, this work being entrusted to third parties and recognised using the percentage of completion method.