VINCI Group has delivered strong results for the first half of 2025, driven by targeted acquisitions and solid business growth.
To 30 June, VINCI reported a 3.1 per cent increase in revenue to €34.8 billion, up from €33.7 billion during the same period last year.
The company, which is active in more than 120 countries, achieved an operating profit of €4.1 billion, marking a 6.9 per cent rise compared to €3.8 billion in HY1 2024.
International revenue accounted for a substantial portion of this growth, making up 57 per cent of total sales (€19.8 billion), reflecting a five per cent increase year-on-year.
Key acquisitions boosted growth, including FM Conway in the UK (€700 million revenue), Hub Foundation in Massachusetts (€65 million), and Peters Bros Construction in Canada (€57 million).
The division’s acquisitions contributed an additional €360 million in revenue outside of France – with €300 million from FM Conway alone.
Additionally, VINCI Energies completed 16 acquisitions in the first half of the year, alongside several more in the works, such as EnergoBit Group.
Despite a slight 0.8 percent decline in its construction division revenue to €15.7 billion, VINCI saw growth in its energy (up 6 per cent) to €5.7 billion, and concession ( up 8 per cent) to €13.7 billion divisions.
Free cash flow was €46 million, down 87.2 per cent from €361 million last year, with most cash flow expected in the second half.
Net debt stood at €23.3 billion, while the company held €11 billion in cash and an unused €6.5 billion credit facility. Long-term debt totalled €34.3 billion.
The company issued 2.4 million new shares for €200 million and repurchased 7.1 million shares for €800 million, and cancelled 2.4 million treasury shares, reducing its share capital to 581.8 million.
Pierre Anjolras, chief executive officer, said the company remained on track for sustained growth for the rest of the year, buoyed by its expanding portfolio and a strong €71.3 billion order book.
“The excellent overall performance of VINCI’s businesses in the first half of 2025 once again demonstrates the strength of the group’s ‘multi-local’ model and its highly decentralised organisation, its ability to adjust quickly to market developments, and its resilience,” he said.
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