Eiffage Stock (FGR): The Two Engines, the Motorway Concession End Dates and the 26 August 2026 Half-Year Results

As of 12 August 2026. All figures come from Eiffage's own publications or from official Euronext notices, listed at the end.

Eiffage publishes its first-half 2026 results on 26 August 2026. This page explains what the group is, how its two very different halves work, what the August publication contains, and what is already public before it. It contains no price target, no forecast and no recommendation.

What Eiffage is

Eiffage describes itself as one of Europe's leading construction and concessions groups, operating through 8 business lines organised into 4 divisions: Construction (Eiffage Construction, Eiffage Immobilier, Eiffage Aménagement), Infrastructures (Eiffage Route, Eiffage Génie Civil, Eiffage Métal), Énergie Systèmes, and Concessions. Property development sits inside the Construction division rather than forming a division of its own.

The group reported revenue of EUR 25.3 billion in 2025 and employs around 87,000 people. It also operates 2,571 km of motorways, of which 2,465 km in France.

Two engines, two economics

The division that matters most when reading the accounts is not by branch but between Works and Concessions. In 2025, of EUR 25,313 million of revenue, Works accounted for EUR 21,335 million and Concessions for EUR 3,978 million. The group reports them separately and gives separate outlook wording for each.

Works sells an order book that must be continually replenished; at 31 December 2025 the Works order book stood at EUR 29.9 billion, up 3% year on year. A separate figure of EUR 5.6 billion in the same release refers only to the Construction division and should not be read as the group figure.

Concessions operate a right for a fixed term against an upfront investment — which introduces a feature construction revenue does not have.

The concession end dates

Eiffage's consolidated accounts state that APRR and AREA operate their networks under two different motorway concession contracts expiring in November 2035 for APRR and September 2036 for AREA. APRR has held 99.9% of ALIAE since 30 June 2022; ALIAE is the concession holder until March 2068 for an 88 km section of the A79, fully opened in November 2022.

The operator states what happens at expiry: the motorway networks, once developed, maintained, improved and deleveraged, are returned to the State with no consideration. The principal asset of the concessions business is therefore a fixed-term operating right that is handed back, not a perpetual holding.

Note that three different network lengths circulate across Eiffage and APRR pages — 2,571 km, 2,410 km and 2,406 km — because the scopes differ. Always state the scope alongside the figure.

Part of the half-year is already public

On 28 July 2026, ahead of the group results, Eiffage published APRR's first-half revenue and traffic figures.

Traffic on the APRR and AREA networks, in millions of kilometres travelled, fell from 12,353 to 12,046, down 2.5%, with light vehicles down 3.4% to 9,979 and heavy goods vehicles up 2.4% to 2,067.

Revenue moved differently: APRR and AREA toll revenue went from EUR 1,464.6 million to EUR 1,461.1 million, down 0.2%; commercial installations, telecoms and other revenue rose 17.5% to EUR 75.3 million; ALIAE rose 4.8% to EUR 27.7 million; and total revenue excluding Construction reached EUR 1,564.2 million against EUR 1,555.1 million, up 0.6%.

Traffic counts kilometres while tolls collect tariffs, and the mix shifted — heavier vehicles, which pay more, rose while light vehicles fell. The two measures therefore need not move together.

What 26 August publishes

Eiffage's financial calendar for 2026 carries two entries. The first reads "26.08.2026 — H1 2026 Results and Financial Analysts' Meeting"; the French and English versions of the agenda match exactly. Both the accounts and the analysts' meeting fall on the same day.

No time is published on either version of the agenda — only a date. The second and final entry is "12.11.2026 — Q3 2026 Quarterly Information and Revenue", with nothing scheduled in between.

The CAC 40 entry: two notices, not one

Euronext published two separate notices on 11 December 2025, both implemented after the close on Friday 19 December 2025 and effective Monday 22 December 2025:

• The quarterly review of the CAC Family indices, recording the inclusion of EIFFAGE in the CAC 40 and the exclusion of EDENRED — and, in the same notice, the inclusion of EDENRED in the CAC Next 20, where Eiffage had previously sat.
• A separate review of the CAC 40 ESG index, also recording the inclusion of EIFFAGE and the exclusion of EDENRED.

Two points follow. Eiffage entered both indices on the same effective date, so describing the event as either an ESG-index matter or as "not an ESG matter" misreads two separate notices. And Edenred was not removed from the market: it swapped index places with Eiffage. Euronext's notices refer to the "CAC Steering Committee" and "the Independent Supervisor"; the family is reviewed quarterly with the full annual review in September.

Employee shareholding

Eiffage publishes that 23.3% of its capital is held by employee shareholders and that 80% of employees in France and internationally are shareholders. In the 2025 subscription campaign, 60,669 group employees subscribed — a participation rate above 72% in France and 54.6% internationally — contributing close to EUR 280 million, an average of EUR 4,612.28 per employee. The percentage figure carries no as-of date on the source page and is quoted as published.

2025 results, the comparison base

Revenue of EUR 25,313 million, up 8.0% (4.8% on a like-for-like basis), of which Works EUR 21,335 million and Concessions EUR 3,978 million. Current operating profit of EUR 2,603 million, up 5.3%. Net profit attributable to the group of EUR 1,022 million, down 1.6% — which the group presents as up 8.9% at constant tax rates. Earnings per share of EUR 11.01. Free cash flow of EUR 2,105 million. Net financial debt of EUR 8,548 million, down EUR 866 million. APRR traffic for 2025 up 1.3%.

The 2025 dividend was raised to EUR 4.80 per share from EUR 4.70, approved at the general meeting of 22 April 2026, with the coupon detached on 20 May 2026 and payment on 22 May 2026.

Stated 2026 outlook

Eiffage published a 2026 outlook on 25 February 2026. In Works it expects revenue of a similar order to 2025 in the Infrastructures division and at Eiffage Construction, growth again at Eiffage Énergie Systèmes though smaller than in 2025, and a higher operating margin. In Concessions it expects revenue and current operating profit to rise slightly. It expects net profit attributable to the group to rise on improved operating performance.

This is qualitative guidance with no numeric targets. Any percentage attached to it comes from somewhere other than the company.

Listing

Eiffage shares are listed on Euronext Paris under ISIN FR0000130452, denominated in euros; the company states it belongs to the CAC 40 and to indices including the MSCI Europe. Buying and selling go through an authorised financial intermediary.

A practical note: Eiffage's own corporate share-price page showed a "previous close" inconsistent with its own five-session table on 12 August 2026. Take prices from the market venue, not from a corporate page.

Shares, crypto and where WEEX fits

Eiffage shares are not traded on WEEX. WEEX is a cryptocurrency exchange and does not list equities, tokenised versions of equities, or derivatives on them, and plays no part in buying an Eiffage share or receiving its dividend. Eiffage appears here only because it is among the names many people follow alongside digital assets. For that part of a portfolio, WEEX offers perpetual futures — long and short — and spot markets: see the WEEX futures markets. Leveraged products carry a high risk of loss.

Frequently asked questions

When does Eiffage report first-half 2026 results? On 26 August 2026, with the financial analysts' meeting the same day. No time is published on the agenda.

What comes after that? The Q3 2026 quarterly information and revenue release on 12 November 2026.

When do the motorway concessions expire? November 2035 for APRR and September 2036 for AREA; March 2068 for ALIAE on the A79. The networks are then returned to the State with no consideration.

Did motorway traffic fall in the first half of 2026? Yes, by 2.5% in total, with light vehicles down 3.4% and heavy goods vehicles up 2.4%. Toll revenue was almost flat at down 0.2%.

Does Eiffage have any cryptocurrency activity? No. It is a construction and concessions group.

Primary sources

• Eiffage — Financial calendar (FR) — https://www.eiffage.com/finance/agenda
• Eiffage — Financial calendar (EN) — https://www.eiffage.com/en/finance/agenda
• Eiffage — APRR H1 2026 revenue and traffic, 28 July 2026 — https://www.eiffage.com/files/live/sites/eiffagev2/files/M%c3%a9dias/Communiqu%c3%a9%20de%20presse/2026/Information%20financiere%20dAPRR%20pour%20le%201er%20semestre%202026.pdf
• Eiffage — FY2025 results release, 25 February 2026 — https://www.eiffage.com/files/live/sites/eiffagev2/files/M%c3%a9dias/Communiqu%c3%a9%20de%20presse/2026/Communique_resultats_2025_Eiffage.pdf
• Eiffage — Consolidated accounts at 31 December 2025 — https://www.eiffage.com/files/live/sites/eiffagev2/files/Finance/R%c3%a9sultats/2026/Comptesconsolidesau%2031.12.25v2.pdf
• Eiffage — Group profile — https://www.eiffage.com/groupe/l-essentiel-profil-metiers-et-valeurs
• Eiffage — Shareholder structure — https://www.eiffage.com/finance/actionnariat
• APRR — The concession model — https://www.aprr.com/nous-connaitre/le-modele-de-concession
• Euronext — December 2025 quarterly review results, CAC Family indices — https://www.euronext.com/en/about/media/euronext-press-releases/euronext-announces-december-2025-quarterly-review-results-1
• Euronext — December 2025 quarterly review results, CAC 40 ESG — https://www.euronext.com/en/about/media/euronext-press-releases/euronext-announces-december-2025-quarterly-review-results-cac
• Euronext Live — Eiffage instrument page, FR0000130452, Euronext Paris — https://live.euronext.com/en/product/equities/FR0000130452-XPAR

All sources retrieved on 12 August 2026.

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