Orange Income Statement

Financials in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	40,396	40,260	39,678	39,127	42,522
Revenue Growth (YoY)	0.34%	1.47%	1.41%	-7.98%	0.60%
Cost of Revenue	25,482	24,297	24,695	23,970	26,960
Gross Profit	14,914	15,963	14,983	15,157	15,562
Selling, General & Admin	746	810	809	848	930
Other Operating Expenses	1,409	1,146	1,106	1,226	1,591
Operating Expenses	10,588	9,687	9,533	9,339	11,076
Operating Income	4,326	6,276	5,450	5,818	4,486
Interest Expense	-1,422	-1,468	-1,383	-1,149	-1,139
Earnings From Equity Investments	-202	-348	-29	-2	3
Currency Exchange Gain (Loss)	4	-40	-51	-117	45
Other Non Operating Income (Expenses)	171	444	245	343	295
EBT Excluding Unusual Items	2,877	4,864	4,232	4,893	3,690
Merger & Restructuring Charges	-345	-149	-484	-157	-345
Impairment of Goodwill	-332	-	-	-817	-3,702
Gain (Loss) on Sale of Investments	-116	-160	-129	-107	-84
Gain (Loss) on Sale of Assets	184	-279	90	233	2,507
Asset Writedown	-66	-62	-116	-110	-108
Legal Settlements	-35	-162	-41	-50	-218
Other Unusual Items	-	-2	11	-	-
Pretax Income	2,167	4,050	3,563	3,885	1,740
Income Tax Expense	1,070	1,355	875	1,313	962
Earnings From Continuing Operations	1,097	2,695	2,688	2,572	778
Earnings From Discontinued Operations	42	207	203	45	-
Net Income to Company	1,139	2,902	2,891	2,617	778
Minority Interest in Earnings	-601	-552	-451	-471	-545
Net Income	538	2,350	2,440	2,146	233
Preferred Dividends & Other Adjustments	169	176	175	200	225
Net Income to Common	369	2,174	2,265	1,946	8
Net Income Growth	-77.11%	-3.69%	13.70%	821.03%	-95.17%
Shares Outstanding (Basic)	2,658	2,659	2,659	2,658	2,657
Shares Outstanding (Diluted)	2,660	2,660	2,661	2,687	2,658
Shares Change (YoY)	0.02%	-0.03%	-0.98%	1.09%	-0.97%
EPS (Basic)	0.14	0.82	0.85	0.73	0.00
EPS (Diluted)	0.14	0.82	0.85	0.73	0.00
EPS Growth	-83.39%	-4.00%	16.88%	24110.60%	-99.82%
Free Cash Flow	3,458	3,485	4,225	2,458	2,487
Free Cash Flow Per Share	1.30	1.31	1.59	0.92	0.94
Dividend Per Share	0.750	0.750	0.720	0.700	0.700
Dividend Growth	-	4.17%	2.86%	-	-
Gross Margin	36.92%	39.65%	37.76%	38.74%	36.60%
Operating Margin	10.71%	15.59%	13.74%	14.87%	10.55%
Profit Margin	0.91%	5.40%	5.71%	4.97%	0.02%
Free Cash Flow Margin	8.56%	8.66%	10.65%	6.28%	5.85%
EBITDA	10,084	11,436	10,534	10,547	11,644
EBITDA Margin	24.96%	28.41%	26.55%	26.96%	27.38%
D&A For EBITDA	5,758	5,160	5,084	4,729	7,158
EBIT	4,326	6,276	5,450	5,818	4,486
EBIT Margin	10.71%	15.59%	13.74%	14.87%	10.55%
Effective Tax Rate	49.38%	33.46%	24.56%	33.80%	55.29%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.