Our financial indicators
As of 31/12/2025
Excluding consolidation of Orange Spain
Group Revenues 2025 40.4 bn € +0.9%
France
17.5 bn €
Europe
7.3 bn €
Africa and the Middle East
8.4 bn €
Orange Business
7.3 bn €
of which
Orange Cyberdefense
1.3 bn €
EBITDAaL
2025
12.5 bn €
+3.8%
Free Cash Flow
All-in 2025
2.8 bn €
+74% over 3 years
eCapex 2025
(investments) 6.2 bn € -0.4%
(investments) 6.2 bn € -0.4%
Adjusted net
income
2025
1.1 bn €
Adujsted earnings
per share 2025 0.86€
per share 2025 0.86€
ROCE Telecom
excluding GEPP in 2025 5.5%
excluding GEPP in 2025 5.5%
Dividend 2025 (paid in 2026 after approval by the General Meeting) 0.75€ per share
Net debt
Group 2025
22.5 bn €
Stable vs 2024
Net debt / EBITDAaL
Group 2025
1.80 x
1.84 x in 2024
