Edp Sa S/Adr (EDPFY) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen. Thank you for attending EDP's first of 26 results conference call. We have today with us our CEO, Miguel Stilwell d' Andrade, and our CFO, Rui Teixeira, which will present you the main highlights and our strategy execution and first of 26 financial performance. We'll then move to the Q&A session in which we'll be taking your questions, starting with the written questions that you can insert from now onwards at our webcast platform and then by phone. I'll give you now the floor. to our CEO, Miguel Stilwell d' Andrade. Thank you, Miguel. Good morning to everyone and welcome to the EDP first half results conference call. I'll jump straight into slide three and start off by saying that EDP delivered a very strong first half of 2026. We had a recurring EBITDA of around 2.7 billion euros, so that's up 5% year on year. We had a recurring net profit at around 0.8 billion euros, so broadly flat. Andrade, Rui Manuel Rodrigues Viana, Ana Rita Pontífice Ferreira De Almeida Côrte-Real, Paula Cristina Santos Guerra But also growth in Brazil. So this is an important confirmation that the regulatory framework in place now is really translating into much higher investment, better returns, and stronger earnings contribution. At EDP Renewables, EBITDA increased 8% year-on-year, or 12% excluding foreign exchange. And that's mostly supported by the growth in the US and improved asset rotation gain. And in the FlexGen and clients, performance remains sound. It's supported by flexible generation in Iberia. Rui Manuel Rodrigues Lopes Teixeira, Jose Miguel Henriques Viana, Ana Rita Pontífice Ferreira De Almeida Côrte-Real, Paula Cristina Santos Guerra Rui Manuel Rodrigues Lopes Teixeira, Jose Miguel Henriques Viana, Ana Rita Pontífice Ferreira De Almeida C...