2025 AND GREENUP OBJECTIVES FULLY CONFIRMED
- Solid H1 2025, in line with our annual guidance
- Sustained Revenue growth, in line with first quarter, of +3.8%(1) to €22,048M
- Solid operating performance, with an organic growth of EBITDA of +5.5%(2) to €3,367M, fueled by revenue growth, operational efficiency and synergies in line with targets
- Current net income(3) - Group share of €762M, up +4.3%(4) and +12.5%(4) excluding 2024 net financial capital gains (o/w Sade)
- Dynamic capital allocation policy creating value, with €2.2bn of net financial investments, including notably acquisitions in Water Technologies and Hazardous Waste in the second quarter
- Leading to Net financial debt(3) well under control at €20,764M and a leverage ratio of 3.0x, in line with our trajectory
- 2025 guidance and GreenUp plan fully confirmed
Estelle Brachlianoff, CEO of the Group, stated:
“The excellent results recorded in the first half confirm the relevance of the GreenUp plan's growth priorities. In an uncertain economic and geopolitical context, the challenges related to health, resilience, competitiveness, and sovereignty are all the more crucial and confirm the sustained demand for our services. Thus, in the first half of the year, our booster(5) activities were up almost +9%(6), and we registered €2bn bookings in water technologies.
Our unique ability to demonstrate agility in a constantly evolving environment enables us to maximize value creation for our stakeholders by combining resilience and growth. The EBITDA growth of +5.5%(2) in the first half, in line with our expectations, thus reflects our operational excellence.
This growth is supported by a dynamic and successful capital allocation policy, with €2.2bn invested in the first half, including the buyout of CDPQ's 30% stake in Water Technologies Services, giving us full ownership and enabling us to accelerate value creation, as well as nearly 300 million euros in targeted acquisitions in hazardous waste treatment in the United States, Brazil, and Japan.
The strong performance in the first half of 2025 makes us fully confident in achieving our objectives for the year.”

(1) At constant scope and forex and excluding energy prices
(2) At constant scope and forex
(3) Before Suez PPA
(4) At constant forex
(5) Boosters: water technologies, hazardous waste, bioenergies, flexibility and energy efficiency
(6) At constant scope and forex and excluding energy prices, including our new hazardous waste and flexibility assets
ABOUT VEOLIA
Veolia group aims to become the benchmark company for ecological transformation. Present on five continents with 215,000 employees, the Group designs and deploys useful, practical solutions for the management of water, waste and energy that are contributing to a radical turnaround of the current situation. Through its three complementary activities, Veolia helps to develop access to resources, to preserve available resources and to renew them. In 2024, the Veolia group provided 111 million inhabitants with drinking water and 98 million with sanitation, produced 42 million megawatt hours of energy and treated 65 million tonnes of waste. Veolia Environnement (Paris Euronext: VIE) achieved consolidated revenue of 44.7 billion euros in 2024.
CONTACTS VEOLIA
MEDIA RELATION
Laurent Obadia - Evgeniya Mazalova
Anna Beaubatie - Aurélien Sarrosquy
Charline Bouchereau
Tél.+ 33 (0) 1 85 57 86 25
[email protected]
INVESTORS RELATIONS
Selma Bekhechi - Ariane de Lamaze
Tél. + 33 (0)1 85 57 84 76 / 84 80
[email protected]