First quarter 2026: Revenue up 15%

• Group: Consolidated revenue of €371 million, up 15% compared with the same period in 2025 ^[1]

• Eurotunnel : Revenue up 4% to €258 million, driven by strong railway network traffic, the continued success of LeShuttle’s commercial strategy and the resilience to increase in oil prices

• Eleclink: Revenue of €70 million, compared with €33 million in 2025, benefiting from buoyant electricity markets and the interconnector operating at full capacity ^[2]

• Europorte: Revenue growth of 5% to €43 million

Yann Leriche, Chief Executive Officer,  comments: “The 15% increase in revenue in the first quarter reflects the very positive momentum across all of our businesses. Eleclink is benefiting from a favourable market environment, while LeShuttle once again demonstrates the relevance of its commercial strategy. Against a backdrop of high and volatile energy prices, the diversification of the Group’s portfolio of activities remains a key strength.”

Footnotes

1. ^[1] All comparisons with revenue for the first quarter of 2025 are made using the average exchange rate for the first quarter of 2026 of £1 = €1.149. ↑
2. ^[2] Eleclink’s activity was suspended between 25 September 2024 and 5 February 2025. ↑