CEZ, a. s. Income Statement

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

Millions CZK. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	322,660	330,442	340,323	336,384	281,053	224,822
Other Revenue	253	243	190	383	4,480	192
Revenue	322,913	330,685	340,513	336,767	285,533	225,014
Revenue Growth	-6.73%	-2.89%	1.11%	17.94%	26.90%	7.33%
Fuel & Purchased Power	87,288	87,819	104,759	123,424	115,043	87,224
Operations & Maintenance	5,517	5,517	5,553	5,107	5,222	5,050
Selling, General & Admin	64	64	29	91	37	-
Depreciation & Amortization	54,777	56,494	43,420	35,336	32,757	31,628
Provision for Bad Debts	577	440	685	443	377	-602
Other Operating Expenses	107,293	99,800	92,099	83,216	33,805	70,551
Total Operating Expenses	255,516	250,134	246,545	247,617	187,241	193,851
Operating Income	67,397	80,551	93,968	89,150	98,292	31,163
Interest Expense	-16,247	-15,575	-14,614	-13,588	-7,874	-6,220
Interest Income	3,299	3,275	3,608	6,289	3,815	1,937
Net Interest Expense	-12,948	-12,300	-11,006	-7,299	-4,059	-4,283
Income (Loss) on Equity Investments	-974	-768	-79	832	897	-534
Currency Exchange Gain (Loss)	1,281	1,281	1,060	1,098	-4,433	689
Other Non-Operating Income (Expenses)	-4,541	-2,889	483	531	5,420	1,202
EBT Excluding Unusual Items	50,215	65,875	84,426	84,312	96,117	28,237
Impairment of Goodwill	-55	-55	-	-	-	-
Gain (Loss) on Sale of Investments	-161	-161	-441	-797	390	938
Gain (Loss) on Sale of Assets	1,723	1,776	315	801	252	304
Asset Writedown	-808	-541	-2,565	-5,301	2,570	-15,799
Other Unusual Items	-	-	7	1	294	-254
Pretax Income	50,914	66,894	81,742	79,016	99,623	13,426
Income Tax Expense	21,899	39,496	52,623	49,442	18,918	3,517
Earnings From Continuing Ops.	29,015	27,398	29,119	29,574	80,705	9,909
Minority Interest in Earnings	-125	709	44	-50	81	-118
Net Income	28,890	28,107	29,163	29,524	80,786	9,791
Net Income to Common	28,890	28,107	29,163	29,524	80,786	9,791
Net Income Growth	16.87%	-3.62%	-1.22%	-63.45%	725.11%	80.05%
Shares Outstanding (Basic)	536	537	537	537	537	536
Shares Outstanding (Diluted)	536	537	537	537	537	536
Shares Change	-0.19%	-	-	0.00%	0.09%	0.16%
EPS (Basic)	53.85	52.36	54.33	55.00	150.50	18.26
EPS (Diluted)	53.85	52.36	54.30	55.00	150.50	18.26
EPS Growth	17.16%	-3.57%	-1.27%	-63.46%	724.24%	79.80%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Free Cash Flow	23,428	1,477	70,319	92,726	-28,856	26,930
Free Cash Flow Per Share	43.67	2.75	130.99	172.74	-53.76	50.21
Dividend Per Share	42.000	42.000	47.000	52.000	145.000	48.000
Dividend Growth	-10.64%	-10.64%	-9.62%	-64.14%	202.08%	-7.69%
Profit Margin	8.95%	8.50%	8.56%	8.77%	28.29%	4.35%
Free Cash Flow Margin	7.26%	0.45%	20.65%	27.53%	-10.11%	11.97%
EBITDA	122,455	137,378	138,199	125,882	133,156	65,170
EBITDA Margin	37.92%	41.54%	40.59%	37.38%	46.63%	28.96%
D&A For EBITDA	55,058	56,827	44,231	36,732	34,864	34,007
EBIT	67,397	80,551	93,968	89,150	98,292	31,163
EBIT Margin	20.87%	24.36%	27.60%	26.47%	34.42%	13.85%
Effective Tax Rate	43.01%	59.04%	64.38%	62.57%	18.99%	26.20%
Revenue as Reported	325,574	333,388	344,709	340,585	288,485	227,793