REN - Redes Energeticas Nacionais SGPS, SA

RENE

Equity

ISIN PTREL0AM0008 / Valor 3219586

Euronext Lisbon (2025-11-21)

EUR 3.31-0.90%

REN - Redes Energeticas Nacionais SGPS, SA
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About company

REN - Redes Energéticas Nacionais SGPS, SA is a pivotal entity in Portugal's energy sector, primarily engaged in the operation and management of the country's National Gas System. This encompasses a comprehensive network across mainland Portugal, including critical interconnections with the Spanish energy grid, which are essential for cross-border energy exchange and security of supply. Additionally, REN oversees the operations of the LNG (Liquefied Natural Gas) Terminal, a key infrastructure for the importation of natural gas, and the underground storage facilities that ensure the stability and reliability of gas supply throughout the region. Through its stewardship of these assets, REN plays a crucial role in the energy infrastructure of Portugal, facilitating the efficient distribution and storage of natural gas to meet the country's energy demands.

Summarized from source with an LLMView SourceSector: Technology

Net Profit Growth

REN reported a net profit of €17.1 million, marking a 35.2% increase compared to the first half of 2024. This growth was primarily driven by an €5.2 million rise in financial results and a decrease in taxes by €19.1 million.

Reduction in Net Debt

The company successfully reduced its net debt by €280.3 million, a 10.5% decrease from €2,679.8 million in the first half of 2024. This reduction reflects REN’s effective debt management strategies and improved financial health.

EBITDA Performance

REN experienced a slight decline in EBITDA, which stood at -€1.2 million, representing a 0.5% decrease compared to the first half of 2024. This change was influenced by higher operational expenses despite positive financial results.

Increased Capital Expenditures

The company increased its capital expenditures by €14.6 million, a 10.8% rise from the previous year’s first half. Investments focused on network expansion, technological transformation, and infrastructure upgrades to support future growth.

Operational Highlights

REN maintained a strong focus on renewable energy sources, achieving 77.3% of total electricity supply from renewables. Additionally, the company advanced its digitalization and artificial intelligence initiatives, contributing to operational efficiency and sustainability.

Summarized from source with an LLMView Source

Key figures

37.1%1Y

27.1%3Y

46.5%5Y

Performance

18.9%1Y

15.8%3Y

15.8%5Y

Volatility