Finance
French Telco Ililiad Posts 5% Core Profit Growth for 2025
Published by Global Banking & Finance Review®
Posted on March 24, 2026
2 min readLast updated: March 24, 2026
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Iliad’s Strategic Expansion in European Cloud Infrastructure
By Leo Marchandon
March 24 (Reuters) - French telecoms group Iliad said on Tuesday it would keep investing in datacentres to capitalise on soaring cloud demand after its core earnings grew 5% in 2025 driven by strong performances in Poland and Italy.
European Cloud Market Landscape
The European Union lacks large cloud computing companies, known as hyperscalers, and rising tensions ranging from foreign policy to regulation have fuelled calls within the bloc to curb reliance on foreign players.
Iliad’s Investment Plans
Long-term Datacentre Commitments
The company, aiming to become a European leader in cloud infrastructure, plans to spend more than 3 billion euros ($3.5 billion) on datacentre infrastructure over the next five to six years.
Geopolitical Drivers of Cloud Demand
The volatile geopolitical environment has generated "exponential demand" for local hyperscalers, CEO Thomas Reynaud said in the earnings statement.
Major Datacentre Projects
Paris Region Facility
During a press call, Reynaud said a 120-megawatt facility project in the Paris region was expected to be operational by 2027 and would be occupied by European artificial intelligence players.
Seine-et-Marne Site
A second project on a 24-hectare former coal plant site in Seine-et-Marne could reach capacity of 230-300 MW, he added.
Strategic Importance of Seine-et-Marne
The Seine-et-Marne site benefits from a fast-track grid connection approved at the 2025 AI summit at the Elysée, Reynaud said, calling the facility a matter of "strategic interest for France, on a par with energy and telecoms infrastructure".
Competitive Position and Financial Performance
European Commission Cloud Tender
Reynaud confirmed Iliad is a candidate for the European Commission's cloud tender, competing with French peer OVHcloud among others. Up to four providers will be awarded a contract under the tender.
2025 Earnings and Subscriber Growth
Iliad's earnings before interest, taxes, depreciation and amortization, and after lease expenses (EBITDaL), were just above 4 billion euros last year.
It remained a market leader in France, adding 200,000 net new subscribers in the country in 2025. It also added 200,000 new subscribers in Poland and 900,000 in Italy.
Free Cash Flow Performance
Annual free cash flow of 2.25 billion euros exceeded Iliad's own guidance of 2 billion euros.
Additional Information
($1 = 0.8615 euros)
(Reporting by Leo Marchandon in Gdansk, editing by Milla Nissi-Prussak)
References
Frequently Asked Questions about French telco Ililiad posts 5% core profit growth for 2025
1What core profit growth did Iliad report for 2025?
Iliad reported a 5% growth in its annual core profit for 2025.
2Which regions contributed to Iliad's profit growth?
Strong performance in Poland and Italy contributed to Iliad's profit growth.
3What was Iliad's EBITDaL for the reported period?
Iliad's earnings before interest, taxes, depreciation, and amortization after lease expenses (EBITDaL) were 4.04 billion euros.
4Who reported on Iliad's financial earnings?
The article was reported by Leo Marchandon in Gdansk and edited by Milla Nissi-Prussak.
