Spie stock holds firm as 2025 revenue and margin set the tone
Published on 07/20/2026 at 07:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Spie stock is anchored by the group's 2025 figures, with revenue at EUR 9.9 billion, adjusted EBITDA at EUR 712 million and net profit at EUR 229 million for the year. The company, Spie (ISIN FR0012757854), also reported a free cash flow conversion rate of 97% in 2025, which gives the share a clear cash-generation profile.
Revenue up 5.1 percent
In 2025, Spie posted revenue of EUR 9.9 billion, up 5.1% from EUR 9.4 billion in 2024. Adjusted EBITDA rose to EUR 712 million from EUR 650 million a year earlier, while the EBITDA margin improved to 7.2% from 6.9%.
The same annual report showed net profit of EUR 229 million in 2025, compared with EUR 205 million in 2024. That combination of higher sales, a wider margin and a stronger bottom line is the key operating backdrop for the share.
Cash flow stayed high
Spie said free cash flow conversion reached 97% in 2025. A conversion rate that close to profit is useful because it shows the business turned a large share of earnings into cash rather than accounting profit alone.
The 2025 figures also suggest discipline on working capital and execution across the group's project base. For investors, the cash conversion ratio matters alongside revenue growth because it helps separate volume growth from quality growth.
Spie 2025 annual numbers and finance page
The latest annual figures show how revenue, EBITDA and cash flow moved in 2025.
Productivity and mix matter
Spie operates across technical services for buildings, infrastructure and industry, so the mix between recurring maintenance and project work is central to earnings stability. The 2025 margin gain to 7.2% shows that the business did more than add revenue.
Net profit of EUR 229 million in 2025, up 11.7% from EUR 205 million in 2024, adds another quantitative marker. The year-on-year jump is modest compared with more cyclical sectors, but it is still enough to show operating leverage in the model.
What the annual set says
The reported numbers point to a company that can grow without sacrificing cash conversion. Revenue of EUR 9.9 billion, EBITDA of EUR 712 million and free cash flow conversion of 97% form the core facts that matter most for valuation work.
Because the current search did not surface a live market quote, the most useful market anchor is the latest full-year report itself and the earnings quality it reveals. For a service group like Spie, the combination of 5.1% revenue growth and a 7.2% EBITDA margin is the clearest way to judge the stock's operating momentum.
Technical picture and market value
Spie stock closed in the latest available market data at a level that should be read alongside the 2025 financial base, but the share-price line is omitted here because no dated quote was available in this call. The report data still give a concrete reference point: revenue of EUR 9.9 billion, EBITDA of EUR 712 million and net profit of EUR 229 million for 2025.
That leaves the annual update as the main lens for the French group. When revenue, EBITDA and free cash flow all move in the same direction, the stock story becomes easier to frame around execution rather than narrative.
Technical line on services
Spie is best read as a technical services group rather than a single-product company, so its service mix is the practical product lens for investors. The 2025 cash conversion of 97% is especially relevant in that setting because it suggests disciplined project delivery and working-capital control.
Stock close
Spie stock is being judged today through its 2025 fundamentals: EUR 9.9 billion in revenue, EUR 712 million in adjusted EBITDA, and EUR 229 million in net profit. The share price line is not included because the current search set did not provide a dated quote suitable for publication.
Spie at a glance
- Company: Spie SA
- ISIN: FR0012757854
- Ticker: ENXTPA: SPIE
- Trading venue: Euronext Paris
- Sector / Industry: Industrials / Engineering & Construction
- Index membership: SBF 120
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