Key highlights
- Revenue grew by 3.2% to €32,323M in Q3 2025.
- EBITDA increased by 5.4% to €5,080M.
- €2.3bn invested in Water Technologies and Hazardous Waste.
- Net financial debt at €19,925M with a leverage ratio of 3.0x.
Financial Performance
Veolia reported a 3.2% increase in revenue, reaching €32,323M for the first nine months of 2025. EBITDA saw a 5.4% organic growth, amounting to €5,080M, driven by revenue growth, operational efficiency, and synergies.
Investment Strategy
The company executed a dynamic capital allocation policy, investing €2.3bn in Water Technologies and Hazardous Waste. These investments followed the divestiture of non-strategic assets in the previous year.
Debt Management
Net financial debt was maintained at €19,925M, with a leverage ratio of 3.0x, aligning with the company's financial trajectory.
Geographical Revenue Distribution
Veolia generated 80% of its revenue internationally, with activities outside Europe growing by nearly 5% since the start of the year and by nearly 7% in the third quarter alone.
