![Une année record à la SNCF, les Français sont de plus en plus nombreux à choisir le train pour les déplacements. Pour la cinquième année consécutive, la compagnie ferroviaire affiche des comptes nettement dans le vert. [Sameer Al-DOUMY / AFP]](/cdn-cgi/image/onerror=redirect,width=640,height=640,format=webp/https://storage.googleapis.com/uploads.mongoosehq.com/url/media/108141033/de994ba9481bf2fec53aacecc698ece669e302a3c187a484be7185b9dfd1391d)
Overview
- The group reported net profit of €1.8 billion and said roughly €1.6 billion will go to regenerating tracks and equipment after a record €11 billion invested in France in 2025, 52% funded by SNCF.
- Group revenue held near €43 billion, with SNCF Voyageurs up 3% to €20.8 billion as high TGV occupancy drove gains; Ouigo España turned profitable, Eurostar traffic rose 1.8%, and Intercités fell 1% due to major works.
- Logistics and freight cooled as Geodis revenue declined 4.2% to €10.5 billion and Rail Logistics Europe slipped 1.6% to €1.8 billion; group net debt edged down to €24.3 billion.
- CEO Jean Castex called for equal rules for new entrants and stressed that profits will fund network, infrastructure and rolling stock rather than cheaper tickets.
- Management highlighted rising storm and flood damage as a growing cost risk, noted ongoing market opening where SNCF won four of five tenders, and pointed to delayed new Alstom TGVs expected to start on Paris–Marseille this summer.