Financials Orange

Equities

Market Closed - Euronext Paris Other stock markets 10:25:00 09/12/2025 pm IST			After hours 02:29:58 am
13.72 ^EUR	+0.04%		13.71	-0.05%

04/12	Orange Polska signs social deal allowing max. 1000 voluntary departures for 2026-2027	RE
21/11	Orange, Bouygues and Iliad's Free Mull Broader Bid For Drahi's Assets, FT Says, Citing Unnamed Sources	DJ

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	42,270	42,522	43,471	44,122	40,260	40,358	40,717	41,183
Change	-	0.6%	2.23%	1.5%	-8.75%	0.24%	0.89%	1.14%
EBITDA ¹	12,680	12,566	12,963	13,035	12,109	12,574	13,177	13,523
Change	-	-0.9%	3.16%	0.56%	-7.1%	3.84%	4.79%	2.62%
EBIT ¹	4,107	7,969	5,943	5,610	5,489	4,979	6,241	6,645
Change	-	94.03%	-25.42%	-5.6%	-2.16%	-9.3%	25.36%	6.47%
Interest Paid ¹	-1,314	-782	-920	-1,206	-1,066	-1,024	-990.9	-964.8
Earnings before Tax (EBT) ¹	4,207	1,740	3,882	3,763	4,257	3,106	5,472	5,898
Change	-	-58.64%	123.1%	-3.07%	13.13%	-27.03%	76.17%	7.79%
Net income ¹	4,822	233	2,146	2,440	2,350	1,522	3,141	3,423
Change	-	-95.17%	821.03%	13.7%	-3.69%	-35.22%	106.33%	8.98%
Announcement Date	18/02/21	17/02/22	16/02/23	15/02/24	13/02/25	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4
Net sales ¹	10,584	10,917	10,315	10,551	10,508	11,147	10,582	10,715	10,823	11,351	10,619	10,926	10,999	11,578	9,850	9,989	9,995	10,426	9,911	9,942	9,993	10,377
Change	-	3.15%	-5.51%	2.29%	-0.41%	6.08%	-5.07%	1.26%	1.01%	4.88%	-6.45%	2.89%	0.67%	5.26%	-14.92%	1.41%	0.06%	4.31%	-4.94%	0.31%	0.51%	3.84%
EBITDA ¹	3,584	3,182	2,565	3,272	3,550	3,179	2,620	3,314	3,582	3,448	2,590	3,305	3,596	3,544	2,406	3,106	3,345	3,252	2,480	3,195	3,437	-
Change	-	-11.22%	-19.39%	27.56%	8.5%	-10.45%	-17.58%	26.49%	8.09%	-3.74%	-24.88%	27.61%	8.8%	-1.45%	-32.11%	29.09%	7.69%	-2.78%	-23.74%	28.83%	7.57%	-
EBIT	-	-	-	-	-	1,052	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income	-	-	-	-1,384	-	1,388	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	29/10/20	18/02/21	22/04/21	29/07/21	26/10/21	17/02/22	26/04/22	28/07/22	25/10/22	16/02/23	26/04/23	26/07/23	24/10/23	15/02/24	24/04/24	24/07/24	24/10/24	13/02/25	24/04/25	29/07/25	23/10/25	-

¹EUR in Million

Estimates

Fiscal Period: December	2021 S1	2021 S2	2022 S1	2022 S2	2023 S1	2024 S1	2024 S2	2025 S1
Net sales ¹	20,867	21,655	21,297	22,174	21,545	19,839	20,421	19,853
Change	-	3.78%	-1.65%	4.12%	-2.84%	-7.92%	2.93%	-2.78%
EBITDA ¹	5,837	6,729	5,934	7,029	5,895	5,511	6,598	5,675
Change	-	15.28%	-11.81%	18.45%	-16.13%	-6.51%	19.72%	-13.99%
EBIT	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Charge d'intérêts	-	-346	-373	-547	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Net income ¹	-	3,002	1,218	928	877	824	1,526	-398
Change	-	-	-59.43%	-23.81%	-5.5%	-6.04%	85.19%	-126.08%
Announcement Date	29/07/21	17/02/22	28/07/22	16/02/23	26/07/23	24/07/24	13/02/25	29/07/25

¹EUR in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	23,489	24,269	25,298	27,002	22,482	29,314	30,583	29,896
Change	-	3.32%	4.24%	6.74%	-16.74%	30.39%	4.33%	-2.25%
Announcement Date	18/02/21	17/02/22	16/02/23	15/02/24	13/02/25	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	7,132	7,660	7,371	6,815	6,425	6,601	6,476	6,464
Change	-	7.4%	-3.77%	-7.54%	-5.72%	2.74%	-1.9%	-0.18%
Free Cash Flow (FCF) ¹	5,565	3,576	3,864	5,239	3,770	3,238	3,714	3,952
Change	-	-35.74%	8.05%	35.58%	-28.04%	-14.1%	14.69%	6.41%
Announcement Date	18/02/21	17/02/22	16/02/23	15/02/24	13/02/25	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	30%	29.55%	29.82%	29.54%	30.08%	31.16%	32.36%	32.84%
EBIT Margin (%)	9.72%	18.74%	13.67%	12.71%	13.63%	12.34%	15.33%	16.14%
EBT Margin (%)	9.95%	4.09%	8.93%	8.53%	10.57%	7.7%	13.44%	14.32%
Net margin (%)	11.41%	0.55%	4.94%	5.53%	5.84%	3.77%	7.71%	8.31%
FCF margin (%)	13.17%	8.41%	8.89%	11.87%	9.36%	8.02%	9.12%	9.6%
FCF / Net Income (%)	115.41%	1,534.76%	180.06%	214.71%	160.43%	212.71%	118.24%	115.45%
Profitability
ROA	4.5%	0.22%	1.97%	2.22%	2.2%	2.32%	3.21%	3.39%
ROE	14.59%	6.1%	6.69%	7.67%	7.39%	5.68%	9.4%	9.94%
Financial Health
Leverage (Debt/EBITDA)	1.85x	1.93x	1.95x	2.07x	1.86x	2.33x	2.32x	2.21x
Debt / Free cash flow	4.22x	6.79x	6.55x	5.15x	5.96x	9.05x	8.23x	7.56x
Capital Intensity
CAPEX / Current Assets (%)	16.87%	18.01%	16.96%	15.45%	15.96%	16.36%	15.9%	15.7%
CAPEX / EBITDA (%)	56.25%	60.96%	56.86%	52.28%	53.06%	52.5%	49.14%	47.8%
CAPEX / FCF (%)	128.16%	214.21%	190.76%	130.08%	170.42%	203.84%	174.35%	163.55%
Items per share
Cash flow per share ¹	4.731	4.228	4.182	4.531	3.833	3.044	3.679	3.849
Change	-	-10.64%	-1.09%	8.35%	-15.4%	-20.58%	20.85%	4.62%
Dividend per Share ¹	0.7	0.7	0.7	0.7	0.72	0.7673	0.7852	0.808
Change	-	0%	0%	0%	2.86%	6.57%	2.32%	2.91%
Book Value Per Share ¹	12.98	12.16	11.96	11.97	11.95	11.78	12.46	12.96
Change	-	-6.33%	-1.66%	0.1%	-0.14%	-1.43%	5.74%	4.06%
EPS ¹	1.71	-	0.73	0.85	0.82	0.5756	1.192	1.278
Change	-	-	-	16.44%	-3.53%	-29.81%	107.04%	7.26%
Nbr of stocks (in thousands)	26,58,157	26,31,971	26,57,122	26,59,182	26,58,153	26,58,550	26,58,550	26,58,550
Announcement Date	18/02/21	17/02/22	16/02/23	15/02/24	13/02/25	-	-	-