Romania · Delayed Price · Currency is RON S.N. Nuclearelectrica Earnings Call Transcripts
Fiscal Year 2025
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Net profit rose 40% year-over-year to RON 2.4 billion, driven by higher electricity sales and improved market prices. Major investments advanced on schedule, and the company benefited from favorable market conditions despite increased windfall tax.
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Net profit for the first 9 months of 2025 rose to RON 1.6 billion, driven by higher electricity sales and improved financial results. Major investment projects advanced, with significant financing secured and a reduced dividend payout to support growth.
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Net profit rose 2.8% year-over-year to RON 866 million, driven by higher electricity prices and sales, despite a significant windfall tax. Major projects advanced, including Unit 1 refurbishment and SMR development, with CapEx at 40% of the annual budget.
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Q1 2025 profit reached RON 513.6 million, below last year but above budget, with higher revenues offset by increased windfall tax and fuel costs. Major investment projects advanced, CapEx surged, and future financing will blend local and international sources.
Fiscal Year 2024
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Net profit for 2024 was RON 1.7 billion, down from 2023 due to lower electricity prices, but above budget. Major CapEx projects advanced, including Unit 1 refurbishment and new reactors, while OpEx and windfall tax decreased significantly.
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Net profit for 2024 was RON 1.7 billion, down 32% year-over-year but 30.5% above budget, with lower electricity sales offset by reduced windfall tax and strong cost controls. Major CapEx projects advanced, and the company ended the year debt-free.
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Net profit fell 35% year-over-year due to lower energy prices, despite strong cost control and reduced windfall tax. Major CAPEX projects advanced, including Unit 1 refurbishment and small modular reactors, while regulatory changes drove a shift in sales mix.
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Net profit for H1 2024 fell 35% year-over-year due to lower energy sales and higher costs, but results exceeded budget expectations. Major projects advanced, including Unit 1 refurbishment and SMR, with significant financing secured.