2026 first-half results

Estelle Brachlianoff, CEO of the Group, a stated:

“The excellent results recorded in the first half illustrate Veolia’s ability to capitalize on its strategic positioning at the heart of ecological security issues—particularly water security—and resource sovereignty, in an environment marked by strong economic and geopolitical tensions. Exceptional heat waves, the increasing frequency of droughts, and the growing needs of AI industries confirm the relevance of the Group’s solutions and strengthen the structural drivers of its growth.

We continued to improve our operational performance in the first half of the year with a further margin improvement of 70 basis points and a growth in current net income of more than +10%(). These results, which are largely in line with our annual targets, despite a complex environment, demonstrate the strength of our model and our strict operational management.

This momentum has resulted in a solid increase in our EBITDA across all our geographic regions, with particularly strong performances in the United States, Latin America, and Asia. These results demonstrate the resilience of our business model, the quality of our operational execution, and Veolia's ability to meet rapidly growing essential needs.

The transformation of our asset portfolio continued with the completion of the strategic acquisition of Clean Earth, enabling us to build a national platform in the United States, where we achieve more than 6 billion dollars in revenue and are now number 2 in hazardous waste treatment.

We therefore approach the second half of the year with confidence and are raising our guidance for the full fiscal year.”