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Orange Sa (Adr) (ORANY)
OTHER OTC:ORANY
Earnings Data
Report Date
Apr 23, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
―Last Year’s EPS
0.27Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlights solid operational execution and financial discipline with revenue and EBITDAaL growth, strong organic cash flow (EUR 3.7bn, +>8%), disciplined eCapEx (~15% of sales), a robust balance sheet (net debt/EBITDAaL 1.8x) and major strategic progress on MASORANGE/PremiumFiber and sustainability goals. Key challenges are concentrated in Orange Business performance, significant one-off accounting charges (Senior Part-Time provision and copper decommissioning) that depress reported net income, ongoing wholesale headwinds, and competitive pressure at the low end in France. On balance the positive operational momentum, cash generation and strategic moves outweigh the managed headwinds and one-off charges.Company Guidance
Group revenue growth
Full-year 2025 revenues of EUR 40.4 billion, up 0.9% year-on-year, driven by retail growth and strong performance in MEA and Europe.
EBITDAaL expansion and margin improvement
EBITDAaL grew by 3.8% in 2025 with a ~0.9 percentage point improvement in the EBITDAaL margin, reflecting disciplined cost control and operational efficiency.
Strong cash generation
Organic cash flow reached EUR 3.7 billion, up more than 8% year-on-year and above the guidance floor of EUR 3.6 billion; free cash flow all-in stood at EUR 2.8 billion and has grown 74% over three years.
Robust balance sheet and financing achievements
Net debt-to-EBITDAaL ratio of 1.8x (stable and in line with guidance around 2x); successfully issued two jumbo bonds (EUR 5bn and $6bn) that were massively oversubscribed, supporting upcoming MASORANGE refinancing.
Discipline on investment intensity
eCapEx maintained at ~15% of sales in 2025; group eCapEx (ex-MEA) decreased >3% year-on-year, demonstrating disciplined capital allocation.
MASORANGE and PremiumFiber transactions
Signed binding agreement to acquire remaining 50% of MASORANGE for EUR 4.25 billion; MASORANGE delivered >EUR 300 million cumulative synergies and adjusted EBITDA minus recurring net CapEx up 10%. PremiumFiber began operations in Q4 with >12 million premises and ~5 million connected customers (largest FibreCo in Europe by customers).
Africa & Middle East outperformance
MEA achieved double-digit revenue growth (11 consecutive quarters) and double-digit EBITDAaL growth (six consecutive years); EBITDAaL margin rose above 39% (+0.6 points) and EBITDAaL minus CapEx up 17% on FX-comparable basis (14% historical), driving strong cash generation.
Europe and customer growth
Europe returned to revenue growth (+2% in 2025) with EBITDAaL at EUR 2.0 billion (+3.2%) and ~700,000 net new customers added in 2025; convergence revenues up 6% with improving ARPU in markets like Poland.
France commercial resilience
France retail ex-PSTN revenues up 0.6% in 2025; Q4 net adds of 134,000 mobile and 315,000 fiber (record since Q4 2022); convergence ARPU ~EUR 79, up 1.2% YoY; mobile churn reduced by >2 percentage points YoY; OpEx reduced ~4% leading to a 1.1 point EBITDAaL margin improvement in France.
Sustainability and digital inclusion milestones
Fully achieved 2025 greenhouse gas targets across all scopes: Scope 1 & 2 emissions down 49% vs 2015 and Scope 3 down 16% vs 2018; 4G population coverage in MEA increased to 80%; >3 million people benefited from free digital training since 2022.
Procurement and AI-driven efficiency
Procurement initiative on track for a midterm EUR 700 million target; generated >EUR 300 million of value in 2025, partly thanks to AI-enabled savings.
ORANY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
ORANY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 18, 2026 | $20.26 | $19.96 | -1.49% |
Oct 23, 2025 | $16.13 | $16.22 | +0.59% |
Jul 29, 2025 | $14.98 | $15.14 | +1.06% |
Apr 24, 2025 | $13.84 | $13.92 | +0.56% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Orange Sa (Adr) (ORANY) report earnings?
Orange Sa (Adr) (ORANY) is schdueled to report earning on Apr 23, 2026, Before Open (Confirmed).
What is Orange Sa (Adr) (ORANY) earnings time?
Orange Sa (Adr) (ORANY) earnings time is at Apr 23, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ORANY EPS forecast?
Currently, no data Available