Iliad closed 2025 by exceeding the threshold of 13 million overall users in Italy between mobile and fiber networks. According to consolidated financial data as of December 31, the operator recorded a turnover of 1 billion and 249 million euros, up 9% compared to the previous year. Gross operating profit (Ebitdaal) rose to 390 million euros, an increase of 26.8%.
Over 12 million users
The mobile segment remains the main sector for the company, with 12.6 million users and a net increase of 918 thousand SIMs over the twelve months. According to the Agcom observatory, Iliad is the only infrastructure operator to grow in the “human” SIM segment, reaching a market share of 15.6%. A Doxa survey conducted in November also found a user satisfaction rate of 98%.
The results of the fixed network
As regards the fixed network, there were 146 thousand new FTTH fiber users, bringing the total to 496 thousand units. The nPerf company has indicated Iliad’s wi-fi connection as the fastest in Italy for the third consecutive year, based on download, upload and latency parameters.
Over 50 million users in Europe
The Italian results are part of a positive context for the entire Iliad Group, which has reached 52 million users in Europe and an overall turnover of 10.3 billion euros. The group’s operating free cash flow grew by 23.2%, exceeding 2 billion euros. This cash availability allowed a reduction in financial leverage from 2.7x to 2.3x and the financing of investments in sectors other than traditional telecommunications.
The group’s strategy is in fact shifting towards digital infrastructures, cloud computing and artificial intelligence. Through Scaleway, its public cloud platform, the group has opened new availability zones in Germany, Sweden and Italy, with a new cloud region in Milan. The company’s declared objective, confirmed by CEO Benedetto Levi in a note from the last few hours, is to “reinvest the margins generated to consolidate independent European digital sovereignty” through the direct management of data centers and computing power.