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Orange achieved very solid first-quarter growth with revenues +3.5% and EBITDAaL +6.6%
Orange has delivered a strong commercial performance this quarter, both in Africa and the Middle East, which remains the main contributor to our growth, and in France and across Europe. In the current environment, Orange is robust and resilient, with limited exposure to the effects of the crisis in the Middle East. Continuous progress in operational excellence and efficiency is reflected in EBITDAaL growth, enabling us to upgrade our 2026 guidance. The acquisition of sole control of MasOrange, with completion expected by the end of the second quarter, will strengthen the Group’s position within the European telecommunications market. Furthermore, we have jointly announced with Bouygues and Free Groupe-iliad that we have entered into exclusive negotiations with the Altice group for the acquisition of SFR. This represents a decisive step, although at this stage there is no certainty that an agreement will be reached.
Financial results 2025 (18 February 2026)
Success of the Lead the Future 2023-2025 strategic plan and 2025 targets fully achieved.
Orange delivered very strong results in 2025, with EBITDAaL growth of +3.8% and organic cash flow growth of +8.3% to €3.7 billion, robust net sales in France, Europe and Africa & Middle East, and double-digit growth in revenue and EBITDAaL in Africa & Middle East. Efficiency plans support the achievement of these results.
Orange unveils “Trust the future”, a new strategic chapter built on trust to unlock growth
After successfully delivering all the ambitions of Lead the future 2023–2025, Orange opens a new chapter for the next 5 years.
Trust the future places trust as a key competitive advantage, at the heart of the Group’s services and operating model, to reinforce its role as the trusted partner for always-available connectivity, broader digital services, and to unlock a new phase of growth.
