Endesa Sa Madrid (ELEZF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, good morning, and welcome everyone to this event where, as you can see from the agenda now on the screen, our CEO, Jose Bogas, and our CFO, Marco Palermo, will first comment on the results achieved in 2025, and then we will present the updated strategic plan for the next three years. After some closing remarks, we will open the Q&A session. Thank you, and now I would now like to turn to Mr. Bogas. Thank you. Thank you, Mark. Good morning and welcome to everybody, everyone. Let me start with the results achieved this year, which I'm sure speak for themselves. EBITDA reached 5.8 billion euros comfortably above the upper end of our guidance, while net ordinary income reached 2.3 billion euros, exceeding target and representing an 18% increase year on year. Economic and financial performance was particularly strong, underpinned by robust cash generation and disciplined execution. We remain fully engaged to our capital allocation strategy, successfully delivering on the main strategic priorities set last year, as we will discuss later. This solid performance reflects our ability to deliver on our commitments and our continued focus on value creation for shareholders. We will propose a dividend of 1.58 euros per share at the next annual general meeting, well above our target set and 20% higher year on year. On slide number five, we would like to highlight the steady progress made in executing our capital allocation roadmap throughout 2025. Several transactions were successfully completed during the year, strengthening both our asset base and our commercial capabilities. In February 2025, we closed the acquisition of 600 MW of hydroasset, while in July we completed the acquisition of the remaining stake in Cetasa, fully consolidating its wind asset portfolio. Togethe...