E

EDP Energias de Portugal SA
F:EDP

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EDP Energias de Portugal SA
F:EDP
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Price: 4.396 EUR 0.78% Market Closed
Market Cap: €18.3B

EDP Energias de Portugal SA
Investor Relations

EDP Energias de Portugal is a utility company that makes, buys, and sells electricity. It owns power plants, including wind, solar, hydro, and other generation assets, and it also helps move electricity through power networks in parts of its core markets. In simple terms, EDP sits in the middle of the energy system: it produces power and delivers it to homes, businesses, and other utility customers. The company earns money mainly in two ways. First, it sells electricity to retail customers and large commercial users. Second, it collects regulated fees for using its power networks and for delivering electricity through those grid assets. It also signs long-term contracts to sell power from its plants, which helps turn electricity production into steady cash flow. What makes EDP different is that it is not just a power seller; it is also a large owner of electricity infrastructure and a major renewable energy producer. That mix gives it exposure to both regulated network income and market-based power sales. For investors, EDP is best understood as a utility business built around generating electricity, managing the grid, and supplying energy to end users.

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Last Earnings Call
Fiscal Period
Q2 2025
Call Date
Jul 31, 2025
AI Summary
Q2 2025

Strong Results: EDP delivered a robust first half with underlying net profit up 27% year-on-year to EUR 752 million and underlying EBITDA up 7% year-on-year.

Guidance Upgraded: Management raised 2025 recurring EBITDA guidance to EUR 4.8–4.9 billion and net profit to EUR 1.2–1.3 billion, citing strong H1 performance and high reservoir levels.

Operational Efficiency: Nominal OpEx decreased to around EUR 930 million in H1 2025, a 6% real-term drop despite inflation and business growth, with workforce headcount down 5%.

Electricity Networks: Solid performance, with key regulatory milestones and potential improvements in returns being closely watched in Spain and Portugal.

Brazilian Stability: Secured 30-year concession extensions in Brazil, with long-term visibility and plans for significant investment in electricity distribution.

Wind & Solar Growth: On track to deliver 2 GW of new capacity in 2025, with most additions in Q4, and asset rotation proceeds progressing as planned.

Balance Sheet Priorities: Management committed to solid BBB rating, organic growth, and no plans for capital raising.

Key Financials
Underlying Net Profit
EUR 752 million
Recurring Net Profit
EUR 752 million
Reported Net Profit
EUR 709 million
Underlying EBITDA
EUR 2.6 billion
Hydro, Clients and Energy Management EBITDA
EUR 858 million
Electricity Networks EBITDA
EUR 765 million
Net Debt
EUR 17.2 billion
Net Debt to EBITDA
3.8x
FFO to Net Debt
19.5%
OpEx
EUR 930 million
Electricity Distributed in Iberia
up 3% YoY
Hydro Inflows in Iberia
41% above long-term average
E-mobility Supply Points
up 126% vs H1 2023
Renewables Connected to Grid (Distribution Cos.)
up 18% vs H1 2023
Hydro Generation Volumes
7.3 TWh
Iberian Pool Price (Spot)
EUR 62/MWh
Contracted Hydro Volumes Price
EUR 70/MWh
Average Cost of Debt
4.8%
Organic Cash Flow
EUR 1.5 billion
Employee Headcount
down 5% YoY
Earnings Call Recording
Other Earnings Calls

Management

Mr. Miguel Stilwell de Andrade
Chairman of the Executive Board of Directors & CEO
No Bio Available
Mr. Rui Manuel Rodrigues Lopes Teixeira
CFO & Member of the Executive Board of Directors
No Bio Available
Mr. Pedro Collares Vasconcelos
Member of Executive Board
No Bio Available
Mr. Jose Miguel Henriques Viana
Head of Investor Relations & Sustainability
No Bio Available
Ms. Ana Rita Pontífice Ferreira De Almeida Côrte-Real
Company Secretary
No Bio Available
Ms. Paula Cristina Santos Guerra
Treasurer
No Bio Available

Contacts

Address
Lisbon
Av. 24 de Julho, no 12, Misericordia
Contacts
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