Jose Bogas
Chief Executive Officer
Replay available
Endesa Sa Madrid (OTC: ELEZF) Q4 2025 earnings conference call, held 2026-02-24. Replay captured from the company's public earnings webcast.

Chief Executive Officer
Analyst, CaixaBank
Analyst, JB Capital
Analyst, JP Morgan
Analyst, Jefferies
Analyst, Bernstein
Chief Financial Officer
Analyst, Citi
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WEBVTT 00:00:00.031 -- 00:00:04.716 Hello, good morning, and welcome everyone to this event where, as you can see from the 00:00:04.716 -- 00:00:09.781 agenda now on the screen, our CEO, Jose Bogas, and our CFO, Marco 00:00:09.781 -- 00:00:14.906 Palermo, will first comment on the results achieved in 2025, 00:00:14.906 -- 00:00:20.191 and then we will present the updated strategic plan for the next three years. 00:00:20.191 -- 00:00:23.654 After some closing remarks, we will open the Q&A session. 00:00:23.654 -- 00:00:26.357 Thank you, and now I would now 00:00:26.357 -- 00:00:31.600 like to turn to Mr. Bogas. Thank you. 00:00:43.906 -- 00:00:49.694 Thank you, Mark. Good morning and welcome to everybody, everyone. 00:00:49.694 -- 00:00:55.462 Let me start with the results achieved this year, which I'm sure speak for themselves. 00:00:55.462 -- 00:01:00.508 EBITDA reached 5.8 billion euros comfortably above 00:01:00.508 -- 00:01:05.835 the upper end of our guidance, while net ordinary income reached 2.3 00:01:05.835 -- 00:01:10.842 billion euros, exceeding target and representing an 18% 00:01:10.842 -- 00:01:15.977 increase year on year. Economic and financial performance was 00:01:15.977 -- 00:01:21.398 particularly strong, underpinned by robust cash generation and disciplined 00:01:21.398 -- 00:01:22.837 execution. 00:01:22.837 -- 00:01:25.781 We remain fully engaged 00:01:25.781 -- 00:01:31.148 to our capital allocation strategy, successfully delivering on the main strategic 00:01:31.148 -- 00:01:35.915 priorities set last year, as we will discuss later. 00:01:35.915 -- 00:01:41.663 This solid performance reflects our ability to deliver on our commitments 00:01:41.663 -- 00:01:46.707 and our continued focus on value creation for shareholders. 00:01:47.170 -- 00:01:...