The Iliad Group Strengthens its European Leadership and Improves its Profitability

The Iliad Group posted solid economic performance in the first half of 2025. Consolidated revenue reached €5,086 million, representing an increase of 3.8%. The group continued to grow organically in France, Italy, and Poland, with a notable increase in Free Cash Flow from Operations of 20%.

In Italy, Iliad Italia maintained its dominant position with a significant increase in Mobile OFCF of 73%, reaching €91 million. This result was supported by innovation strategies and rigorous cost management, enabling an improvement in the EBITDAaL margin to 40.2% (+2.3 points).

Mobility and fixed services initiatives continue to expand, with a heightened commitment to new technologies such as cloud and AI in Europe. The group remains attentive to market opportunities, strengthening its solid financial structure with financial leverage reduced to 2.3x.