The SNCF, France's state-owned railway company, has achieved impressive results in 2025 with a net profit of 1.8 billion euros. This figure has raised eyebrows among consumers frustrated with high TGV ticket prices, notably as the majority of the gains, approximately 1.6 billion euros, are being reinvested into maintaining and upgrading the railway network. Despite concerns about losing market share and financial struggles in light of competition, the SNCF has thrived post-monopoly, demonstrating the effectiveness of their strategies.

Jean Castex, who took over as head of SNCF in November, highlighted record numbers of travelers, particularly for ski trips last February, indicating a strong recovery and demand within the rail sector. The company's profitability, contrary to doomsday predictions ahead of opening the rail market to competition, signals a robust health amid a shifting landscape. The fears that the SNCF would struggle without its monopoly status have been alleviated, proving that it can still operate successfully under competitive conditions.

The message to consumers, however, remains mixed. While SNCF thrives financially, many passengers feel the burden of high ticket prices, with average fares reaching around 94 euros for a trip from Paris to other destinations. This situation raises ongoing discussions about pricing strategies and customer satisfaction, especially as the company continues to reinvest in its infrastructure, aiming to improve the service and justify costs in the future.