REN - Redes Energéticas Nacionais, SGPS, S.A. (ELI:RENE)

ELI:RENE Income Statement

Financials in millions EUR. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Revenue	1,051	982.87	947.88	785.65	803.53
Other Revenue	8.78	8.22	1.54	1.43	1.77
Revenue	1,060	991.08	949.42	787.08	805.31
Revenue Growth (YoY)	6.95%	4.39%	20.63%	-2.26%	11.03%
Operations & Maintenance	20.86	16.25	17.06	17.77	20.31
Selling, General & Admin	1.2	1.15	1.2	1.08	1.21
Depreciation & Amortization	266.97	254.69	253.2	249.28	241.94
Other Operating Expenses	553.21	502.92	442.79	307.88	346.82
Total Operating Expenses	842.25	775.01	714.25	576.01	610.29
Operating Income	217.73	216.07	235.18	211.07	195.02
Interest Expense	-61.53	-81.34	-65.96	-49.22	-45.83
Interest Income	26.16	30.38	36.96	17.23	10.9
Net Interest Expense	-35.38	-50.96	-29	-31.98	-34.93
Income (Loss) on Equity Investments	11.47	11.83	12.85	11.81	6.43
Currency Exchange Gain (Loss)	4.62	-1.31	-1.66	-3.99	-2.32
Other Non-Operating Income (Expenses)	8.66	14.52	6.36	8.59	13.39
EBT Excluding Unusual Items	207.11	190.15	223.72	195.49	177.59
Impairment of Goodwill	-	-	-	-0.38	-0.38
Asset Writedown	-2.42	0.06	-3.47	-1.06	-0.94
Other Unusual Items	-28.46	-22.69	-28.36	-28.02	-27.04
Pretax Income	176.23	167.52	191.89	166.03	149.23
Income Tax Expense	16.41	15.01	42.66	54.26	52.08
Net Income	159.81	152.51	149.24	111.77	97.15
Net Income to Common	159.81	152.51	149.24	111.77	97.15
Net Income Growth	4.79%	2.20%	33.52%	15.05%	-11.07%
Shares Outstanding (Basic)	663	663	663	663	663
Shares Outstanding (Diluted)	663	663	663	663	663
EPS (Basic)	0.24	0.23	0.22	0.17	0.15
EPS (Diluted)	0.24	0.23	0.22	0.17	0.15
EPS Growth	4.79%	2.20%	33.52%	15.05%	-11.07%
Free Cash Flow	521.06	609.59	-375.09	607.2	695.2
Free Cash Flow Per Share	0.79	0.92	-0.56	0.92	1.05
Dividend Per Share	0.160	0.157	0.154	0.154	0.154
Dividend Growth	1.91%	1.95%	-	-	-9.94%
Profit Margin	15.08%	15.39%	15.72%	14.20%	12.06%
Free Cash Flow Margin	49.16%	61.51%	-39.51%	77.15%	86.33%
EBITDA	484.7	470.76	488.38	460.34	436.96
EBITDA Margin	45.73%	47.50%	51.44%	58.49%	54.26%
D&A For EBITDA	266.97	254.69	253.2	249.28	241.94
EBIT	217.73	216.07	235.18	211.07	195.02
EBIT Margin	20.54%	21.80%	24.77%	26.82%	24.22%
Effective Tax Rate	9.31%	8.96%	22.23%	32.68%	34.90%
Revenue as Reported	1,108	1,032	991.18	824.68	838.35

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.