Evn Ag · VIE:EVN
Evn — HY 1 2025/26 Earnings Presentation
12 slides from Evn's earnings presentation, May 28, 2026
Slide 1: EVN conference call HY.1 2025/26 results
EVN conference call HY.1 2025/26 results 28 May 2026
Slide 2: Highlights HY. 1 2025/26
Highlights HY. 1 2025/26 • Segment developments balanced by diversified business model – Growth – supported by investment-related organic growth – recorded in the regulated network segment – Solid performance of Austrian heating business and operations in South East Europe – Substantial price- and v
Slide 3: Key financials HY.1 2025/26
Key financials HY.1 2025/26 HY. 1 2025/26 +/– • Increase in revenue EURm % Revenue 1,787.0 3.2 – Positive regulatory price effects in the network companies in EBITDA 553.3 7.9 Lower Austria and Bulgaria Depreciation and amortisation -190.5 -9.0 – Higher revenue at EVN Wärme due to colder temperature
Slide 4: Solid balance sheet structure
Solid balance sheet structure Balance sheet structure (%) Net debt (EURm) and Gearing (%) Current assets 9.6 8.7 __ Current liabilities 1,155.9 Non-curent assets 90.4 29.1 ___ Non-current liabilities 1,129.3 1,094.8 Net debt 62.2 __ Equity 17.3% 15.7% 16.8% Gearing 31.03.2026 30.09.2024 30.09.2025 3
Slide 5: Energy
Energy Sales volumes to end customers HY. 1 2025/26 +/– • Increase in sales volumes of heat, decline in electricity and GWh % natural gas Electricity1) 2,913 -8.9 Natural gas1) 2,562 -0.9 – Colder temperatures y-o-y and ongoing expansion in the heat Heat 1,535 8.6 network – Decline in sales volumes
Slide 6: Generation
Generation HY. 1 2025/26 +/– Electricity generation volumes • Electricity generation volumes below prior year level GWh % Total 1,145 -9.9 – Commissioning of new wind parks offsets decline in wind flows Renewable energy sources 1,047 -2.3 – Water flows below average Thermal energy sources 98 -50.9 –
Slide 7: Networks
Networks • Adjustment of segment structure Network distribution volumes HY. 1 2025/26 +/– – Segment structure was adjusted with the 2025/26 financial year GWh % to reflect the sale of the international project business Electricity 4,374 -1.0 Natural gas1) 8,101 -6.6 – EVN Wasser, which is responsibl
Slide 8: South East Europe
South East Europe Key energy business HY. 1 2025/26 +/– indicators • Higher network distribution and energy sales volumes GWh % Electricity generation volumes 278 13.9 – Slight increase in the heating degree in North Macedonia and Network distribution volumes 8,560 2.6 milder weather in Bulgaria Ele
Slide 9: Cash flows
Cash flows HY. 1 2025/26 +/– • Improved CF from operating activities EURm in % Gross cash flow 486.6 1.7 – Higher result before income tax Net cash flow from operating activities 268.4 15.7 – Correction of non-cash earnings components Net cash flow from investing activities -98.4 54.7 – Working capi
Slide 10: 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 11: 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 12: 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