ID Logistics posted revenues of EUR€ 3,737 million for 2025, an increase of 14.2% on 2024. Adjusted for unfavourable currency effects, like-for-like growth reached 16% , reflecting strong organic momentum across all operational regions.
Revenue performance was broad-based. France, representing 26 percent of group revenues, grew by 13.5%.
Europe excluding France, the group’s largest segment at 48% of revenues, delivered 12% like-for-like growth, driven by Germany, the United Kingdom and Poland.
North America, accounting for 19% of revenues, was the standout performer with like-for-like growth of 31.9%.
Other markets, comprising 7 percent of revenues, grew 15.8% on the same basis, supported by new site openings in Brazil. During the year, the group launched 27 new sites across its network.
Underlying operating income rose 11.8% to €165.2 million, with the operating margin edging down marginally to 4.4 percent from 4.5% in 2024, reflecting the absorption of start-up costs associated with new projects and the entry into Canada as a new country of operation.
In France, recurring operating income grew by 17.6% , with the margin improving by 10 basis points to 4.3%. Internationally, operating income increased 9.9% to €122.4 million. Underlying EBITDA rose 13.2% to €581.1 million.
Group share of net income increased 19.9% to €63.3 million, supported by higher operating income and disciplined management of financial expenses. Cash flow from operating activities after capital expenditure amounted to €333.1 million, with operating investments of €164.0 million, more than 75% of which was directed toward new site start-ups.
The group closed the year with a pre-IFRS 16 net debt to EBITDA ratio of 0.9 times, maintaining solid capacity for continued investment.
Chairman and CEO Eric Hémar described 2025 as a satisfactory year that confirmed the strength of the group’s business model.
Looking ahead, he indicated that ID Logistics enters 2026 with a strong pipeline of new projects and a continued focus on productivity improvement at recently launched sites.
The group is also advancing its AI4ID artificial intelligence programme as a driver of differentiation and efficiency, particularly in e-commerce logistics, and remains attentive to external growth opportunities in North America and Europe.
