Consolidated income statement 2025

(in millions of euros)

2025

2024

2

Revenue

3,920

3,702

3

Personnel costs

1,960

1,765

4

Depreciation and (reversal of) impairment charges

-185

462

5

Cost of raw and auxiliary materials

390

329

6

Own capitalised production

-60

-63

7

Costs of subcontracted work and other external costs

513

487

8

Infrastructure levies and franchise fees

424

533

9

Other operating expenses

417

339

Operating expenses

3,459

3,852

16

Share of result of investments accounted for using the equity method

-1

2

Result from operating activities

460

-148

Finance income

32

60

Finance expense

-60

-30

27

Net financing result

-28

30

Result before income tax

432

-118

10

Income tax

-54

-6

Result from continuing operations

378

-124

Discontinued operations

1

Result from discontinued operations, after tax

2

-17

Result for the period

380

-141

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