SNCF Reports Fourth Consecutive Year of Profit with €1.6 Billion Net Income

The French rail operator credits a strategic focus on passenger volume, record investments, and operational efficiency for its sustained growth.

SNCF posted a net profit of €1.6 billion in 2024, a 19% increase from the previous year, with revenue rising 3.8% to €43.4 billion.
Passenger transport, particularly TGV services with 130 million travelers in 2024, drove growth despite challenges such as high operating costs and moderated ticket pricing to maintain demand.
The company achieved a record €10.8 billion in investments last year, primarily in rail infrastructure, supported by state and local contributions.
SNCF Réseau, the division managing railway infrastructure, turned profitable for the first time, fulfilling commitments under the 2018 rail reform law.
Outgoing CEO Jean-Pierre Farandou emphasized the importance of continued network upgrades, adapting to increased competition, and maintaining financial stability for future growth.