SNCF Group 2026 half-year results

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  • Revenue growth to €21.9 billion, up 2.0% on H1 2025
  • Rise in profitability, with EBITDA of €3.8 billion, representing 17.4% of revenue vs 16.8% in H1 2025
  • Group net profit of €1.2 billion
  • Implementation of an ambitious €4.9 billion investment programme
  • Positive free cash-flow of €1.5 billion
  • Debt kept under control, with a net debt/EBITDA ratio of 3.1x vs 3.2x in 2025
  • France’s largest recruiter, with 6,700 new hires over the first six months of 2026
  • Procurement in France totalling €8.2 billion, supporting French SMEs
  • ESG performance: in the EcoVadis Top 1% for the sixth consecutive year
  • 3 tendered rail contracts won in the first half of 2026