E.ON SE (EONGY) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

our full year results. As with every occasion, we will leave enough room at the end for your questions. With that, over to you, Leo. Good morning, everybody. Thank you, Iris, for the introduction, also from my side. The past financial year has once again proven one thing. We at E.ON deliver on our promises, and we at E.ON are exceptionally well-positioned to not only be the playmaker of the energy transition, but also a beneficiary of this transition. In a year that has been characterized by geopolitical instability and macroeconomical challenges, E.ON is a safe heaven. One has to admit that our business is facing a secular growth opportunity. It has no U.S. dollar exposure. It's largely inflation-protected. It's unaffected by U.S. tariff policy, and it's even largely shielded against the latest fear of an AI disruption. What more can you ask for in terms of resilience? But that doesn't mean that we are without challenges. And so let me now move to my four messages before handing over to Nadia. First, we have delivered strong financial results for the year 2025 again. Second, we have not only delivered financially, we have also delivered operationally. And our focus on outstanding operational excellence means that we are at the forefront of the energy transition. And this enables us to execute our growth plans successfully now and also in the future. Third. And fourth. We are committed to long-term shareholder value with a disciplined focus on value creation. We will grow our investments until 2030 and are ready to pursue further growth opportunities, but only once the parameters for RP5 in Germany are set. So on my first message, we have delivered on our financials with an adjusted EBITDA of 9.8 billion, an adjusted net income of 3 billion, both actually reaching th...