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Endesa’s profit rises 30% to 1,041 million in the 1st half.

Endesa concluded the first half of 2025, characterized by the April 28 blackout and resulting market changes, with excellent financial results, the company announced in a statement.

By June, the earnings before interest, taxes, depreciation, and amortization (Ebitda) reached 2.711 billion euros, marking a 12% increase due to the strong performance of liberalized businesses and the removal of the extraordinary 1.2% tax impacting the previous two years.

Consequently, profit rose by 30% compared to the previous year, totaling 1.041 billion euros, driven by the Ebitda progression.

Furthermore, Endesa noted that “these results permitted an excellent cash generation,” with free cash flow doubling annually to reach 2.4 billion euros, “which reconfirms the company’s ability to self-finance organic investments and dividend payments.”

The company emphasized that the pricing environment, particularly since the April 28 blackout, is marked by volatility, “exacerbated by the operational mode of the system implemented since that date,” reiterating that all its generation plants operated as expected on that day, and disconnections occurred upon surpassing established technical safety levels.

The company also highlighted the demand growth recorded in the first half of the year and the “exponential” increase in requests for new connections to the distribution network.

“In this context, Endesa warns that the CNMC’s (Spain’s National Markets and Competition Commission) proposed remuneration rate and remunerative model for the distribution network from 2026-2031 threatens the government’s energy policy objectives, as it disincentivizes the necessary network investments to electrify the economy,” the company cautioned.

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