Engie Sa Ord (ENGQF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone. It's my pleasure to welcome you to NG's nine-month conference call. Shortly, Catherine and Pierre-Francois will present our nine-month performance, following which we will open the lines to Q&A. With my polite request of limiting your questions to one or two only, please. And with that, over to Catherine. Thank you very much, Delphine. Good morning, everyone. Welcome to the presentation for our nine-month 2025 results. when we can report a resilient set of numbers in what we could perhaps say is the new norm of a choppy economic, political, and geopolitical environment. We have continued to grow in renewables and flexible power, and we've done it, as always, by executing with efficiency. We are dynamizing our performance, and we are further simplifying our asset portfolio. With our ideal combination of green and flexible energy plus expertise in energy management, we are putting ourselves in pole position to meet the challenges and opportunities of booming data center demand and, in general, electrification. In nuclear, we embark on a new chapter with the restarts of both reactors in our new joint venture with the Belgian government, triggering the transfer of the remaining waste liability off our balance sheet, a big step for Engie delivered at last. Finally, on the basis of our nine-month results and final quarter outlook, we are on track to achieve the upper end of our net recurring income group share guidance range of 4.4 to 5 billion euros. Before moving on, I want to take a moment to remind ourselves what we are at at ENGIE. We are first and foremost a utility, which means that we are here to bring people something useful, something that they really need. And as a utility, we are focused on the energy transition, which means affordable, ...