The Iliad Group is showing strong commercial and economic momentum.

In the third quarter of 2025, the iliad Group maintained its commercial leadership in Europe with strong growth in Italy, France, and Poland. Services revenue increased by 3.5%, reaching €7.7 billion over nine months. EBITDAal rose by 6% to €3.05 billion, and operating free cash flow jumped by 25% to €1.75 billion.

In France, the group saw accelerated recruitment in mobile and broadband, while in Italy and Poland, it strengthened its leading position. Furthermore, Iliad successfully diversified its services, integrating innovative offerings such as free VPNs for mobile subscribers and Free TV.

Thanks to strong economic performance and the reduction of its debt leverage to 2.3x, iliad expects to exceed its target of 2 billion euros of operating free cash flow for 2025, supported by strict spending management and judicious investments.