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Investing.com -- Iliad Group reported solid first-half 2025 results, with its group revenues rising 3.8% year-on-year to €5.09 billion, driven by a 4.3% increase in services revenue.
EBITDAaL climbed 10% to €2.05 billion, lifting the margin to 40.2%.
Net profit surged to €700 million from €251 million a year earlier, boosted by the capital gain from the partial sale of OpCore.
Operating free cash flow advanced 20% to €1.17 billion, with Italy a key driver as mobile OFCF jumped 73% to €91 million. Equity free cash flow stood at €942 million.
Net debt was cut to €9.43 billion, lowering the leverage ratio to 2.3x from 2.7x at year-end 2024.
By geography, France posted 2.4% revenue growth to €3.27 billion, maintaining stable subscribers in a highly competitive market.
Italy led the group with 9.2% growth to €603 million, adding 505,000 mobile subscribers in the first half and 72,000 new fiber customers.
In Poland, revenue rose 4.6% to €1.21 billion, helped by steady mobile gains and broadband additions.
CEO Thomas Reynaud said the results show the strength of Iliad’s model. “In a mature, ultra-competitive market, we’re the only European telco that’s seeing such robust growth momentum.”
He added that the performance allows Iliad to “continue to invest heavily in the pillars of European digital sovereignty through our initiatives in the cloud, AI infrastructure and the connectivity of the future."