Portugal · Delayed Price · Currency is EUR EDP, S.A. Earnings Call Transcripts
Fiscal Year 2026
-
Strong first half 2026 results with 5% EBITDA growth and flat net profit led to upgraded full-year guidance. Networks and renewables drove performance, while FlexGen margins remained resilient. Positive outlook extends through 2028, with robust demand and regulatory support.
-
Q1 2026 saw resilient performance with recurring EBITDA of EUR 1.4 billion and net profit of EUR 399 million, despite lower Iberian prices and storm impacts. Upgraded 2026 guidance reflects strong networks, U.S. renewables growth, and disciplined cost management.
Fiscal Year 2025
-
Recurring EBITDA and net profit exceeded guidance in 2025, driven by strong renewables and disciplined cost management, despite higher financial costs and storm impacts. 2026 and 2028 guidance are reaffirmed, with robust investment plans and stable regulatory frameworks supporting future growth.
-
The plan targets €12 billion investment by 2028, focusing on US renewables and Iberian networks, with €5 billion asset rotation and €1 billion disposals to fund growth. Operational efficiency, digitalization, and disciplined project selection support stable returns, while rising demand from data centers and electrification drive renewables growth.
-
Recurring net profit rose 5% year-on-year to EUR 974 million, driven by strong wind and solar growth, resilient networks, and efficiency gains. 2025 guidance remains robust, with EBITDA expected at EUR 4.9 billion and net profit near EUR 1.2 billion, despite higher costs in Brazil and a weaker Q4 for hydro.
-
Underlying net profit rose 27% year-on-year to EUR 752 million, with EBITDA up 7% to EUR 2.6 billion, driven by strong integrated Iberian and renewables performance. 2025 guidance was upgraded, with recurring EBITDA expected at EUR 4.8–4.9 billion and net profit at EUR 1.2–1.3 billion.
-
EBITDA rose 6% and net profit 19% year-over-year, driven by strong Iberian generation, renewables, and network performance. 2025 guidance is reaffirmed, with robust cash flow, high reservoir levels, and continued efficiency gains supporting a positive outlook.
Fiscal Year 2024
-
2024 saw strong financial results with EBITDA and net profit exceeding guidance, driven by robust performance in Iberia and Brazil, efficiency gains, and a focus on high-return investments. 2026 guidance is reiterated, with prudent capital allocation and a €100 million share buyback.
-
Nine-month results show strong financial and operational performance, with 97% renewable generation, net profit up 7% year-over-year, and robust growth in networks and hydro. The company is on track to exceed its €1.3 billion net income target for 2024 and maintains a solid balance sheet.
-
A diversified global utility is accelerating its energy transition, targeting 10 GW of new renewables by 2026, with 80% of investments in wind and solar. Financial guidance points to steady EBITDA and net profit growth, while maintaining strong ESG commitments and a stable dividend policy.
Fiscal Year 2023
Fiscal Year 2022
Fiscal Year 2021
Fiscal Year 2020
Fiscal Year 2019
Fiscal Year 2018
Fiscal Year 2017
-
FY17 reported profit and EBITDA rose, but recurring results were pressured by drought and regulation. Debt fell, renewables expanded, and management reaffirmed the €0.19 dividend floor while expecting 2018 leverage of 3.5x.
Fiscal Year 2016
-
2016 EBITDA reached EUR 3,759m and net profit EUR 961m, beating revised guidance; recurring EBITDA grew 6% and net debt fell 8%. The 2017 outlook remained intact, supported by capacity growth, hedging and lower financing costs.
Fiscal Year 2015
-
2015 EBITDA rose 8% but adjusted net profit fell amid weak hydro and Iberian market conditions. 2016 guidance calls for EBITDA above EUR 3.6bn, net profit of at least EUR 900m and lower net debt, supported by recovery and new capacity.
Fiscal Year 2014
-
EBITDA rose 1% to €3.642bn in 2014 and net profit increased 4%, though adjusted net profit fell 8%. 2015 guidance included EBITDA above €3.6bn and net debt below €17bn, with Brazil’s drought the key uncertainty.
Fiscal Year 2013
-
2013 EBITDA held near flat and net profit edged down 1% despite regulatory pressure, supported by cost control, energy management and Brazil. 2014 guidance pointed to ~€3.5bn EBITDA, lower net debt and continued deleveraging.
Fiscal Year 2012
-
FY12 EBITDA fell 3% to €3.6bn and net profit declined 10%, as renewables growth partly offset pressure in Iberia and Brazil. FY13 EBITDA guidance was flat, with recovery expected in 2014 and a €0.185 cash dividend maintained.
Fiscal Year 2011
-
EBITDA rose 4% and net profit reached €1.125bn in 2011, supported by diversification and regulated networks. 2012 guidance called for mid-single-digit EBITDA growth, while leverage and receivables remained key watchpoints.
Fiscal Year 2010
-
EBITDA rose 7% to €3.6bn and net profit increased 5%, supported by renewables, Brazil, and regulated assets. Guidance called for low-single-digit 2011 growth, lower CapEx, and net debt reduction, amid weak Iberian power markets.