ELIA GROUP SA/NV

ELI

Equity

ISIN BE0003822393 / Valor 2175708

Euronext - Euronext Brussels (2026-04-28)

EUR 139.00-0.29%

ELIA GROUP SA/NV
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About company

ELIA GROUP SA/NV is a prominent electricity transmission system operator, managing critical infrastructure in Belgium through Elia and in Germany via 50Hertz. The company plays a vital role in ensuring the reliable and efficient transmission of electricity across these regions. ELIA GROUP focuses on developing and maintaining both onshore and offshore grid infrastructure to support the integration of renewable energy sources, aligning with broader European energy transition goals. By facilitating cross-border cooperation and sector integration, the company aims to enhance the sustainability and resilience of the electricity supply, thereby contributing to the electrification of society.

Summarized from source with an LLMView SourceSector: Energy

Headline profit

Adjusted net profit rose to €716.5m in 2025 (+39.8% y/y). Net profit attributable to owners of ordinary shares (Elia Group share) was €556.6m (FY2025).

Investment and RAB growth

CAPEX execution totaled €5.2bn in 2025, driving a 22.5% year‑on‑year increase in RAB and keeping the group on track to deliver its investment programme through 2028.

One‑off/adjusted items

Adjusted items reduced consolidated net profit by €33.4m, mainly a €99.1m non‑cash impairment on the US energyRe Giga portfolio partly offset by a €46.5m deferred tax revaluation in Germany and a €19.2m Belgian tax consolidation benefit related to prior years.

Balance sheet and financing

Equity attributable to owners rose to €8.15bn (+46.7%), supported by a €2.2bn rights issue; net financial debt was €13.63bn. The group issued €3.6bn of green debt in 2025 and maintained strong liquidity (≈€11.9bn available across cash, undrawn facilities and programmes).

Guidance and capital return

For 2026 Elia Group projects net profit (Elia Group share) between €690m and €740m. A dividend of €2.05 per share will be proposed at the General Meeting on 19 May 2026.

Belgium (Elia Transmission) — key points

Elia Transmission (Belgium) reported adjusted net profit of €272.1m (+27.3%), closing RAB at €7.8bn, invested ~€1.4bn, and reduced net financial debt to €3.85bn aided by a €1.05bn push‑down from the capital raise.

Germany (50Hertz) — key points

50Hertz delivered adjusted net profit of €439.0m (+42.6%) and net profit of €485.5m (including a €46.5m tax uplift); its RAB rose ~28.3% to €14.8bn and capex execution was ~€3.8bn in 2025.

Non‑regulated activities & Nemo Link

The non‑regulated segment reported adjusted net profit of €5.3m but a reported net loss of €74.5m due to the US impairments and onerous contract provisions; Nemo Link remained operationally strong with 98.7% availability.

Other financial metrics

Group revenue (incl. settlement items) reached €4.44bn, EBITDA €1,794.5m, EBIT €1,052.9m, and basic earnings per share (Elia share) were €5.56 for FY2025. Standard & Poor’s reaffirmed the group’s BBB rating (stable outlook).

Operational outlook

Priority for 2026 is execution: advancing offshore and DC corridor projects, scaling flexibility/storage solutions, maintaining cost discipline, and relying on expected greater regulatory clarity to support project delivery and funding.

Summarized from source with an LLMView Source

Key figures

53.0%1Y

11.7%3Y

55.7%5Y

Performance

24.9%1Y

28.5%3Y

27.0%5Y

Volatility