Slide 1: EVN conference call Q. 1 2025/26 results
EVN conference call Q. 1 2025/26 results 26 February 2026
Slide 2: Highlights Q. 1 2025/26
Highlights Q. 1 2025/26 • Segment developments balanced by diversified business model - results for the first quarter in line with expectations – Growth – supported by investment-related organic growth – recorded in the regulated network segment and in South East Europe – Substantial price- and volu
Slide 3: Key financials Q.1 2025/26
Key financials Q.1 2025/26 Q. 1 2025/26 +/– • Increase in revenue EURm % Revenue 830.7 3.3 – Positive regulatory price effects in the network companies in EBITDA 247.4 -2.2 Lower Austria and Bulgaria Depreciation and amortisation -94.2 -8.4 – Higher revenue at EVN Wärme due to colder temperatures Ef
Slide 4: Solid balance sheet structure
Solid balance sheet structure Balance sheet structure (%) Net debt (EURm) and Gearing (%) Current assets 13.3 11.2 __ Current liabilities 1,326.5 Net debt 1,155.9 Non-curent assets 86.7 28.3 ___ Non-current liabilities 1,129.3 60.4 __ Equity 17.3% 19.5% 16.8% Gearing 31.12.2025 30.09.2024 30.09.2025
Slide 5: Energy
Energy Sales volumes to end customers Q. 1 2025/26 +/– • Increase in sales volumes of heat, decline in electricity and GWh % natural gas Electricity1) 1,499 -7.7 Natural gas1) 1,138 -2.5 – Colder temperatures y-o-y and ongoing expansion in the heat Heat 693 6.1 network – Decline in sales volumes of
Slide 6: Generation
Generation Q. 1 2025/26 +/– Electricity generation volumes • Electricity generation volumes below prior year level GWh % Total 578 -12.6 – Y-o-y decrease in renewable energy generation driven by lower Renewable energy sources 529 -9.8 water and wind flows Thermal energy sources 49 -34.4 – No product
Slide 7: Networks
Networks • Adjustment of segment structure Network distribution volumes Q. 1 2025/26 +/– – Segment structure was adjusted with the 2025/26 financial year GWh % to reflect the sale of the international project business Electricity 2,173 -1.4 Natural gas1) 3,901 -8.7 – EVN Wasser, which is responsible
Slide 8: Investments boost capacity to integrate variable wind and solar generation
Investments boost capacity to integrate variable wind and solar generation invest ment s up t o EUR 4 70 millio Capex split network infrastructure annua n lly 10% 5% • 1,000 km of medium- and low-voltage cables installed per year 20% • 700 new transformer stations annually 65% • 55 substations built
Slide 9: South East Europe
South East Europe Key energy business Q. 1 2025/26 +/– indicators • Higher network distribution and energy sales volumes GWh % Electricity generation volumes 124 10.7 – Slight increase in the heating degree total in North Macedonia Network distribution volumes 3,946 1.6 and clearly milder weather in
Slide 10: Cash flows
Cash flows Q. 1 2025/26 +/– • Lower CF from operating activities EURm in % Gross cash flow 180.9 9.5 – Increase in trade receivables Net cash flow from operating activities -50.6 -57.6 – Renewed increase in the capital commitment for EVN KG Net cash flow from investing activities 36.2 — Net cash flo
Slide 11: Key messages and outlook for 2025/26 financial year
Key messages and outlook for 2025/26 financial year • Group net result for 2025/26 is expected to be within a range of EUR 430m to EUR 480m – Subject to a stable regulatory and energy policy environment • Annual investments of ~EUR 1 bn p.a. until 2030 – Focal points: network infrastructure, renewab
Slide 12: Contact details
Contact details • Alexandra Wittmann, CFO • Information on the internet – www.evn.at • IR contact partners: – www.investor.evn.at – Sarah Kallina – www.responsibility.evn.at – Karin Krammer – LinkedIn: #EVNxIR – Matthias Neumüller – Gerald Reidinger • Headquarters of EVN AG • IR contact details – EV
Slide 13: Disclaimer
Disclaimer Certain statements made in this presentation may constitute „Forward-Looking Statements” within the meaning of the U.S. federal securities law. Forward-looking information is subject to various known and unknown risks and uncertainties. These include statements concerning our expectations