Endesa Sa Madrid (ELEZF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, good morning to all the people connected. Welcome to the nine-month 2025 results presentation, which will be hosted by Endesa CEO, José Bogas, and the CFO, Marco Palermo. Before we start, let me remind you that after the presentation, we will have the usual Q&A session. Thank you, and now let me hand over to our CEO, José Bogas. Okay, thank you, Mark, and welcome to everybody. Let me open this presentation by highlighting the strong economic and financial performance of the period, which, as we will see, suddenly resulted in a remarkable gas generation. This clearly proves the resilience of our business model, which enabled us to meet our commitments, maintaining predictable results and consistently creating value despite a complex and uncertain market context. Regarding shareholder remuneration policies, we are making steady progress in the implementation of our Share by Back program, as we will detail later on. And finally, When it comes to the distribution remuneration framework, the current proposal clearly does not provide adequate support and incentives for the investment effort required by the National Energy Plan. Let's now have a look at the key financial and operational highlight of the period. On slide number four, we can see the solid financial results achieved in these nine months of 2025. EBITDA reached 4.2 billion euros, marking a 9% increase year on year, while net income came in at 1.7 billion euros, up by a sound 22% versus last year. Cash generation remains strong. with an FFO rising to 3.4 billion euros, a 29% increase year-on-year. These results allow us to confirm that we are well on track to reach the upper range of our forecast, both in terms of EBITDA and net income. We continue to progress on our capital allocation strategy, as you ca...