Spain · Delayed Price · Currency is EUR Enagás Earnings Call Transcripts
Fiscal Year 2025
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2025 saw strong financial and operational outperformance, with core after-tax profit and EBITDA above targets, robust liquidity, and major progress in hydrogen infrastructure. 2026 guidance remains conservative, with continued investment and a stable dividend policy.
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H1 2025 results exceeded expectations, driven by capital gains and strong operations. Strategic progress in hydrogen and gas infrastructure, robust liquidity, and a sustainable dividend policy position the company for future growth.
Fiscal Year 2024
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2024 saw strong financial results, a major debt reduction, and strategic progress in hydrogen infrastructure. The company raised its 2025-2030 investment plan by 45% to €4.03 billion, with hydrogen as the main growth driver and a sustainable €1/share dividend expected through 2030.
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H1 2024 saw EBITDA rise 3.7% year-on-year, with major asset divestments strengthening the balance sheet and supporting a EUR 3.2 billion hydrogen investment plan. Dividend sustainability is reinforced, and a strategy update is expected before year-end.