Framatome reports 2025 financial results

Framatome, an international leader in nuclear energy, reported financial results for its fiscal year ending December 31, 2025.

New orders reached 5,924 million euros in 2025. This year was marked by significant commercial successes in the United Kingdom on the Sizewell C EPR project with the extension of the contract's initial scope (safety instrumentation and control syst‎ems, ultimate diesel generators and fuel), fuel supply contracts in France and in Europe, as well as nuclear power plants service and restart contracts in the United States.

Revenue was 5,399 million euros, representing an organic increase of +15.5% compared to 2024. This growth was driven by the development of EPR projects in France and the UK, the increase in fuel deliveries in France, the activities of the Instrumentation and Control Business Unit, as well as the service activities of the Installed Base Business Unit, in particular in North America.

Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) was 665 million euros, an organic increase of 6.7% compared to 2024.

Framatome has made significant investments in its industrial production tools and acquisitions which strengthen the control of its industrial supply chain while generating a positive operational cashflow of 49 million euros.

The execution of projects was well managed and adhered to contractual commitments, with the optimization of lead time in manufacturing plants, continued action plans on SG&A costs and quality control. Production in the plants was in line with the commitments made vis-à-vis our customers in spite of extension works which are on-going in the manufacturing sites.

The Installed Base Business Unit executed large component replacement operations on nuclear reactors in North America and South Africa. On the French nuclear fleet, Framatome started the replacement operations of four steam generators at Flamanville 2 in November, which preparation started before summer with the prefabrication phase. Growth in the North American market continued with an increase in reactor servicing during outages, despite a very competitive environment. Framatome completed the acquisition of the remaining stake in Reaktortest, a company specializing in non-destructive examination based in Slovakia.

The Instrumentation and Control Business Unit continued its growth, driven in France, in England and in Central Europe by new build and by modernization projects of safety instrumentation and control sytems, in particular for the Sizewell C EPR. This year marked close collaboration with the company Arabelle Solutions in view of using the TXS Compact™ technology for the control of turbines. In a context of growth of the nuclear and critical industries' needs in the field of cybersecurity, the Instrumentation and Control Business Unit now includes a Cybersecurity business line with the subsidiaries Allentis (monitoring of IT and industrial networks surveillance), Cyberwatch (vulnerability management) and Foxguard (integrated cybersecurity, industrial computing, and regulatory compliance solutions).

Activity in the Projects and Components Business Unit was sustained with the start-up tests of the Flamanville 3 EPR in France which reached 100% power on December 14, 2025. In the UK, the primary components for Hinkley Point C Unit 1 are now successfully installed and welded. On Unit 2, the reactor pressure vessel's support ring and the primary equipment's vertical racks have been installed in the reactor building, and the reactor pressure vessel and the first two steam generators were delivered on site. The manufacturing of forged parts and equipment for the Sizewell C EPR project is continuing in Framatome's plants in Le Creusot, Saint-Marcel and Chalon. 

The EPR2 program for the six nuclear reactors in France is being executed according to contractual milestones. The Projects and Components Business Unit now includes a Valves business line following the acquisitions of the company Velan SAS France, now called Valserve, and of the company Segault (jointly held with TechnicAtome), which have enabled Framatome to reinforce the control of the high-performance valve supply chain for the nuclear, defense and energy sectors, already initiated in 2024 with the acquisition of Vanatome (also jointly held with TechnicAtome).

The Fuel Business Unit signed major contracts in Europe and is pursuing its actions to increase market share in North America. In 2025, the first lead fuel assemblies for the Barakah Nuclear Energy Plant in the United Arab Emirates (UAE) were successfully fabricated in Framatome's plant in Richland, USA. Framatome also launched new industrialization and development capabilities for TRIstructural-ISOtropic (TRISO) fuel at its Romans-sur-Isère site in France.

Investments initiated in France as part of the production ramp-up for the EPR2 industrial program continued. These investments relate to manufacturing and assembly activities for the primary and auxiliary equipment components. Investments are also being made to modernize the fuel supply chain and secure its capacity to fabricate new products, particularly on the site of Romans-sur-Isère (France).

Framatome continues to develop its commercial offerings, supports the growth of its two new business lines Valves and Cybersecurity as well as its three brands “Framatome Defense”, “Framatome Healthcare” and “Framatome Space”.

-----------------------------------
[1] The EDF Group communicates on a Framatome EBITDA of 629 million euros in 2024 and 641 million euros in 2025. Framatome's consolidation accounts for non-recurring events and certain business-to-business adjustments.