Bouygues Financial Semi-Annual Report 2025: Available for Download

Bouygues has released its semi-annual financial report for 2025. The report is attached to the article. The report covers the company's financial performance for the first half of 2025.

French engineering and construction group Bouygues has released its semi-annual financial report for 2025, showcasing robust performance in the first half of the year. Despite operating in a very uncertain global environment, Bouygues reported first-half sales of €26.9 billion, up 1.3% year-on-year, driven primarily by its construction businesses [1].

The company's current operating profit from activities (COPA) rose to €796 million, an increase of €49 million from the prior year, supported by improved performance across construction and Equans. Net profit attributable to the Group, excluding the exceptional income tax surcharge for large companies in France, came in at €220 million, up €34 million year-on-year. Including the €60 million charge booked in the first half under new French tax rules, net profit stood at €173 million [1].

Bouygues maintained a strong financial position, with liquidity at €13.4 billion and net debt reduced year-on-year to €8.5 billion, despite nearly €1.2 billion in net acquisitions over the period. Second-quarter results showed broadly in-line performance with consensus, with EBITDAaL reaching €1.279 billion and COPA for the quarter at €727 million—up 1% versus company consensus [1].

The company noted that while its construction businesses performed well, there were modest deviations in other segments. Bouygues Telecom performed better than expected, while Equans and Colas were slightly below consensus. However, net income came in below Morgan Stanley estimates due to higher financial expenses, other costs, and taxes [1].

Looking ahead, Bouygues reiterated its guidance, stating that its six business segments would continue adapting to market developments and focusing on profitability. The group is targeting a slight increase in both sales and COPA in 2025 versus 2024.

References:
[1] https://www.investing.com/news/earnings/bouygues-lifts-copa-in-h1-maintains-targets-in-very-uncertain-environment-4162279
[2] https://www.manilatimes.net/2025/07/31/tmt-newswire/globenewswire/bouygues-first-half-2025-results/2159496