[ News listing ](/en/news " News listing") 07 Nov. 2025 [PDF Press release: November 06, 2025 - Download the full Key Figures at 30 September 2025 (439.25 KB) ](/sites/g/files/dvc2661/files/document/2025/11/pr-veolia-9months-11062025.pdf) ### CONTINUED STRONG GROWTH IN RESULTS OBJECTIVES FULLY CONFIRMED - **Solid 9M 2025, in line with our annual guidance** - **Sustained Revenue growth, in line with first half, of +3.2%(1) to €32,323M** - **Solid operating performance, with an organic growth of EBITDA of +5.4%(2) to €5,080M**, fueled by revenue growth, operational efficiency and synergies in line with targets - **Dynamic capital allocation policy creating value, with €2.3bn of net financial investments**, including notably acquisitions in Water Technologies and Hazardous Waste - **Leading to Net financial debt(3) well under control at €19,925M and a leverage ratio of 3.0x, in line with our trajectory** - **Objectives fully confirmed** **KEY FIGURES** Revenue ## €32,323M +3.2% ↑**(1)** EBITDA ## €5,080M +5.4% ↑(2) EBITDA margin ## 15.7% +50bps ↑ Current EBIT(3) ## €2,737M +7.9% ↑(2) Net Financial Debt(3) ## €19,925M（5） ![2025年度第三季度业绩报告-背景地图](/sites/g/files/dvc2661/files/styles/crop_freeform/public/image/2025/11/2025%E5%B9%B4%E5%BA%A6%E7%AC%AC%E4%B8%89%E5%AD%A3%E5%BA%A6%E4%B8%9A%E7%BB%A9%E6%8A%A5%E5%91%8A-%E8%83%8C%E6%99%AF%E5%9C%B0%E5%9B%BE.png.webp?itok=6nkIqT_K) **REVENUE BY GEOGRAPHY** Previous ![2025年度第三季度业绩报告-轮播图1英文](/sites/g/files/dvc2661/files/styles/carousel/public/image/2025/11/2025%E5%B9%B4%E5%BA%A6%E7%AC%AC%E4%B8%89%E5%AD%A3%E5%BA%A6%E4%B8%9A%E7%BB%A9%E6%8A%A5%E5%91%8A-%E8%BD%AE%E6%92%AD%E5%9B%BE1%E8%8B%B1%E6%96%87_0.png.webp?itok=y4D1qlOa) ![2025年度第三季度业绩报告-轮播图2英文](/sites/g/files/dvc2661/files/styles/carousel/public/image/2025/11/2025%E5%B9%B4%E5%BA%A6%E7%AC%AC%E4%B8%89%E5%AD%A3%E5%BA%A6%E4%B8%9A%E7%BB%A9%E6%8A%A5%E5%91%8A-%E8%BD%AE%E6%92%AD%E5%9B%BE2%E8%8B%B1%E6%96%87.png.webp?itok=vo01WNW_) ![2025年度第三季度业绩报告-轮播图3英文](/sites/g/files/dvc2661/files/styles/carousel/public/image/2025/11/2025%E5%B9%B4%E5%BA%A6%E7%AC%AC%E4%B8%89%E5%AD%A3%E5%BA%A6%E4%B8%9A%E7%BB%A9%E6%8A%A5%E5%91%8A-%E8%BD%AE%E6%92%AD%E5%9B%BE3%E8%8B%B1%E6%96%87.png.webp?itok=k5Txd6nw) ![2025年度第三季度业绩报告-轮播图4英文](/sites/g/files/dvc2661/files/styles/carousel/public/image/2025/11/2025%E5%B9%B4%E5%BA%A6%E7%AC%AC%E4%B8%89%E5%AD%A3%E5%BA%A6%E4%B8%9A%E7%BB%A9%E6%8A%A5%E5%91%8A-%E8%BD%AE%E6%92%AD%E5%9B%BE4%E8%8B%B1%E6%96%87.png.webp?itok=8QPRWt_q) Next [PDF Press release: November 06, 2025 - Download the full Key Figures at 30 September 2025 (439.25 KB) ](/sites/g/files/dvc2661/files/document/2025/11/pr-veolia-9months-11062025.pdf) **Estelle Brachlianoff, CEO of the Group,** a stated: *“Truly international, Veolia benefits from dynamic global demand, delivering strong performance quarter after quarter and showing sustained profit growth over the first nine months of 2025.* *The Group generates 80% of its revenue internationally, and its activity outside Europe(4) has increased by nearly +5%(2) since the beginning of the year and by nearly +7%(2) during the third quarter alone.* *The relevance of the priorities of the GreenUp plan is once again confirmed by the very good operational performance of the activities, notably boosters(5), whose EBITDA is sharply growing.* *The dynamic and successful capital allocation policy continues, with €2.3bn invested in Water Technologies and Hazardous Waste outside Europe, following divestitures of non-strategic assets the previous year.* *This strong performance, in a complex global context, makes us fully confident in achieving our objectives for the year.”* ![环形标记背景图](/sites/g/files/dvc2661/files/styles/crop_freeform/public/image/2025/08/bj.png.webp?itok=PNpL284Z) *(1) At constant scope and forex and excluding energy prices* *(2) At constant scope and forex* *(3) Before Suez PPA* *(4) IFRS 8 Segment Rest of the World* *(5) Boosters: water technologies, hazardous waste, bioenergies, flexibility and energy efficiency* *(6)Including c.€850M of temporary favorable impact of hybrid bond issuance to be reversed at year-end*