EDP-Energias de Portugal SA

Latest Results (10.02.2026):

EDP-Energias de Portugal SA — Interim results for the third quarter (Q3) 2024: the company reported 9M2024 revenue of €10,820.1m and a 9M2024 net profit of €1,285.8m (€1,082.5m attributable to EDP equity holders). Q3 2024 net profit was €341.4m (€320.3m to equity holders) from Q3 revenues of €3,659.1m. The results show resilient underlying operating cash generation and continued growth in renewables capacity, while financial costs, higher taxes and currency / fair-value movements affected year‑on‑year comparatives.

Key 9M2024 financials

Revenues (9M24) €10,820.1m. Operating result before depreciation/amortisation and impairment (company presentation comparable to EBITDA) ≈ €3,899.0m. Depreciation, amortisation and impairment €1,294.6m. Profit before tax €1,941.1m. Net profit €1,285.8m (attributable to equity holders €1,082.5m). Basic EPS (9M) €0.26.

Q3 2024 (quarter-on-quarter / YoY) snapshot

Q3 revenues €3,659.1m; profit before tax €570.0m; Q3 net profit €341.4m (equity holders €320.3m); Q3 EPS €0.08. Q3 net profit and profit before tax were lower than Q3 2023 (Q3‑23 net profit €647.2m; PBT €719.0m), driven by lower revenues in the quarter, higher effective taxation and mark‑to‑market / currency impacts.

Year-over-year movements to note

9M24 net profit is broadly stable vs 9M23 (€1,285.8m vs €1,303.8m) despite lower revenues (9M24 €10,820.1m vs 9M23 €12,258.3m). Attributable profit to equity holders improved YoY (from €945.6m to €1,082.5m). Other comprehensive income swung materially negative (large FX and fair‑value movements): total other comprehensive loss (net of tax) of ~€297.0m in 9M24 vs a gain of €1,245.5m in 9M23, reducing total comprehensive income for the period.

Balance sheet and liquidity

Total assets €54.925bn and total equity €16.683bn at 30‑Sep‑2024. Reported financial debt (gross) ≈ €21.683bn (non‑current €18.455bn + current €3.228bn) and cash & equivalents €1.882bn — implying an approximate net debt of €19.80bn. Deferred tax, provisions and institutional partnerships are material non‑debt liabilities on the balance sheet.

Operational / sustainability highlights

Wind & solar installed capacity 16,220 MW (9M24, up from 14,354 MW a year earlier). Wind & solar net generation 26,611 GWh (9M24). Hydro generation improved to 13,676 GWh (9M24 vs 8,967 GWh 9M23). Distribution: electricity distributed 66,847 GWh and electricity customers ~8.35 million. Continued renewables capacity expansion and high technical availability noted in the report.

Financial costs, taxes and regulatory items

Net financial position: financial income €765.7m vs financial expenses €1,422.5m in 9M24 (net finance expense weighing on results). Income tax expense increased to €607.4m (9M24) vs €422.3m (9M23). Extraordinary contribution to the energy sector (CESE) ~€47.9m in 9M24.