Endesa Sa Madrid (ELEZF) Q2 2026 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.051 -- 00:00:05.295 Good morning, everyone, and thank you for joining us today for our first half 2026 00:00:05.295 -- 00:00:10.558 results presentation. With me today are our CEO, Gianni Armani, and our 00:00:10.558 -- 00:00:13.580 new CFO, Daniele Caprini. 00:00:13.580 -- 00:00:17.823 Before we start, let me remind you that after the presentation, we will move to the Q&A 00:00:17.823 -- 00:00:22.966 session. And starting from today, we will only take questions submitted in advance 00:00:22.966 -- 00:00:26.210 by email or through our website. 00:00:26.210 -- 00:00:31.475 In addition, given the busy earnings calendar with a large number of companies 00:00:31.475 -- 00:00:37.501 releasing results today, we aim to limit the duration of the call to one hour. 00:00:37.501 -- 00:00:41.064 Thank you once again and now I would like to hand over to Mr. 00:00:41.064 -- 00:00:43.064 Armani. 00:00:43.686 -- 00:00:46.069 Thank you very much, Mar. 00:00:46.069 -- 00:00:51.243 The first half of the year delivered solid financial results. 00:00:51.243 -- 00:00:56.348 BDA increasing by 20% and net income growing 00:00:56.348 -- 00:00:58.730 by 41%. 00:00:58.730 -- 00:01:03.174 This performance reflects growth across all businesses 00:01:03.174 -- 00:01:08.919 supported by higher contribution from regulated activities including both distribution 00:01:08.919 -- 00:01:10.840 and non-mainland 00:01:10.840 -- 00:01:12.840 generation. 00:01:12.857 -- 00:01:17.899 These results highlight the resilience of all our businesses and 00:01:17.899 -- 00:01:22.060 the disciplined execution of our strategy. 00:01:22.061 -- 00:01:23.642 Growth 00:01:23.642 -- 00:01:28.644 has been supported by continued efficiency efforts, 00:01:28.644 -- 00:01:31.805 allowing us to improve profitab...