Endesa aims for a year of 2,000 million profits after earning 22% more until September
Endesa maintains its growth rate with a remarkable capacity to generate profits in an environment of more moderate electricity prices and growing regulatory pressure. The company directed by José Bogas notifies the National Securities Market Commission (CNMV) of a net profit of 1,711 million eurosa 21.9% more than in the same period of 2024. The figures fit within the forecasts that the electricity company projected for the year with a net profit of between 1,900 and 2,000 million.
He gross operating result (Ebitda) reached the 4,224 million eurosa 8.8% moredriven mainly by the stability of the regulated business and the recovery of electricity demand in the second half of the year. For their part, the income rose to 15,948 million eurosa 1.2% higher compared to the same period of the previous year, reflecting the normalization of wholesale prices and a slight improvement in marketing to domestic and business customers.
The company also highlights its strong cash generationwith a free flow of 3,437 million euroswhich allows the organic and inorganic investments undertaken in the period to be widely covered, valued at 2.4 billion euros. Despite the increase in investment effort and the payment of dividends, the net debt is located in 10.3 billiona 11% more that at the end of 2024, maintaining a ratio of leverage of 1.8 times Ebitdaidentical to the previous exercise.
During the year, Endesa has continued with its shareholder remuneration strategy, executing the second tranche of its share buyback planvalued at about 450 million eurosand allocating about 1.5 billion to the payment of dividends. In parallel, the company has maintained its investment pace in renewables, electric mobility and network digitalization, with a total installed capacity of 22,346 megawattsof which almost half (49%) corresponds to clean technologies.
Aside from its financial results, Endesa has taken advantage of the presentation of its accounts to establish a position in the regulatory debate that will mark the future of the electricity system. The company has moved to the National Markets and Competition Commission (CNMC) a new message of concern about the proposed remuneration for distribution networks in the period 2026-2031 by questioning that “it discourages investment and does not facilitate the achievement of the objectives of the country’s energy policy: the decarbonization and electrification of the economy.”
In parallel, as Iberdrola did yesterday, Endesa has once again spoken out on the planning of the phased closure of nuclear power plants, and especially on Almarazwhose dismantling is scheduled for the beginning of the next decade. “It remains unclear for how long the system operator will maintain its special anti-blackout operation, which represents a significant extra cost for the system. Along with this, some lessons learned after the incident should be considered. The Spanish electricity system is safe, but it is necessary to update its operation after structural changes derived from the dominant presence of renewable technologies. In this new scenario, It is critical to reconsider the planned closure plan for the nuclear fleet, which begins in Almaraz. “This plant has proven to be key to reinforcing security of supply due to its location in a geographical area with a large renewable production,” Bogas explained to analysts.
