Television Francaise 1 SA

Bouygues posted a very solid first-half 2026 performance with group net profit surging to 287 million euros, up 114 million euros year-on-year, despite a second consecutive year of an exceptional surtax on large French companies. Group revenue reached 26.3 billion euros, down 1.3 percent at constant exchange rates, while current operating profit from activities rose to 829 million euros, a 33 million euro increase. The improvement was driven by a sharp margin expansion at Equans, where the margin reached 5.2 percent, up 1.2 points, more than offsetting expected declines at Bouygues Telecom and TF1. Net financial debt improved significantly to 6.5 billion euros at end-June 2026, a 2 billion euro reduction year-on-year. The group confirmed its 2026 targets of stable revenue at constant exchange rates and maintaining current operating profit from activities at a historically high level, with Equans now aiming for a full-year margin of at least 5.2 percent.

Television Francaise 1 SA reported group revenue of EUR993 million for the first half of 2026, a like-for-like decline of 6%. Advertising revenue fell 9% to EUR714 million, while TF1plus advertising revenue rose almost 20% year-on-year to EUR109 million, contributing to overall digital revenue growth of 17% to EUR134 million. Studio TF1 revenue was slightly down at EUR124 million, and current operating profit from activities reached EUR77 million, representing a margin of 7.8%. Net profit attributable to the group, excluding an exceptional tax surcharge, stood at EUR56 million, and the company held net cash of EUR432 million at the end of June.