First quarter 2026 of the Bouygues Group

Paris, 7 May 2026

Strong first-quarter 2026 Group results, outlook for the full-year confirmed

As each year, the Group’s first-quarter results are not indicative of half-year and full-year performance, mainly due to the seasonal nature of business at Colas.

In a highly volatile macroeconomic and geopolitical environment:

• Group sales at €12.2bn, down 1.7% year-on-year at constant exchange rates.
• Group current operating profit from activities (COPA) very resilient at €77m, up €8m year-on-year.
• Strong increase in net result attributable to the Group to -€94m, up €62m year-on-year, impacted for the second year in a row by the exceptional income tax surcharge for large companies in France of €25m.
• Very significant improvement in Group net debt: €5.1bn at end-March 2026, improving more than €2bn year-on-year, in keeping with the trend observed at end-2025. 
• Continued significant improvement in Equans’ profitability and margin from activities to 4.8%, up 0.9 points year-on-year, with a soft start to the year in terms of sales.
• Backlog in the Construction Division at a very high level of €32.2bn, providing visibility o n future activity.
• The consortium comprising Bouygues Telecom, Free–iliad Group and Orange has entered into exclusive negotiations with the Altice France group for the acquisition of SFR.

The Board of Directors, chaired by Martin Bouygues, met on 6 May 2026 to close off the first-quarter 2026 financial statements.