2026 half-year results: Strong growth in H1 - 2026 EBITDA guidance upgraded

Group:

• Revenue: €824 million (+13% ^[1] )

• EBITDA ^[2] : €404 million (+12%)

• Net profit: €118 million (+7%)

• Cash position ^[3] : €1,361 million as at 30 June 2026

• Upgraded 2026 guidance: EBITDA of between €835 million and €870 million ^[4]

Eurotunnel:

• Revenue of €574 million (+3%)  supported by growth in the Railway Network traffic and optimised Shuttle yield   in a still mixed economic environment

• EBITDA of €294 million (+0.3%)

Eleclink:

• Revenue of €157 million (vs €92 million  in H1 2025), reflecting a commercial strategy capturing market opportunities and the full availability of the interconnector

• EBITDA of €93 million (vs €52 million in H1 2025), after provision for profit-sharing of  € 45  million

Europorte:

• Revenue of €93 million (+12%), driven notably by the award of major railway infrastructure management contracts

• EBITDA of €17 million (+6%)

Yann Leriche, Chief Executive Officer, commented: “The strong momentum in the first half of the year illustrates the effectiveness of Getlink’s diversified model. Whilst Eurotunnel is demonstrating the solidity of its operations and its ability to enhance its competitiveness, Eleclink is confirming its potential for value creation through its operational and commercial excellence. This combination of strategic infrastructure enables us to continue our developments with confidence in a particularly challenging environment. Our strong outlook for the remainder of the financial year leads us to raise our EBITDA guidance for 2026 to €835-870 million.”

Footnotes

1. ^[1] 1 All comparisons with the income statement for the first half of 2025 are made using the average exchange rate for the first half of 2026 of £1 = €1.153. ↑
2. ^[2] In this release, "EBITDA" is equivalent to "current EBITDA" as defined in note D.4 of the 2025 consolidated financial statements: it is calculated by adding back depreciation charges to the trading profit. ↑
3. ^[3] In this release, “cash” refers to cash, cash equivalents and cash management financial assets. ↑
4. ^[4] Based on the scope of consolidation and activity as at February 2026 and an exchange rate of £1 = €1.165, assuming a constant fiscal and regulatory environment. The previous EBITDA target communicated in February was of between €820 million and €860 million. ↑