Naturgy Energy Group S A (GASNF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone. This is Abel Arbat speaking from the Capital Markets Team at Naturgy, and we thank you for joining our results call for the first nine months of 2025. Next to me sits the Head of Financial Markets and Corporate Development, Mr. Stephen Fernandez, and the Head of Control and Energy Planning, Mrs. Rita Ruiz de Alda. As usual, we will begin with the presentation and leave Q&A for the end. Please submit your questions in written form through the webcast platform during the presentation, and we will address those at the end of the presentation. So without further ado, I'm going to hand it over to Stephen to start off on the presentation. Thank you, Abel, and good morning, everyone. As you have seen this morning, this presentation is basically divided into three main sections that we're going to go through. Firstly, we're going to review the results for the first nine months of the year. Then we're going to give you a little update on the reestablishment of the company's free float following recent moves. And finally, we're going to give you some glimpses into the outlook for the remainder of the year 2025. If we move over to the results, the key highlights that we'd like to highlight Discuss, basically, as you can see, we've had an overall robust operational performance amid a challenging and uncertain geopolitical backdrop. We are, as a result of that performance, on track to deliver on its 2025 guidance, building again on a track record of commitment and delivery. On the capital markets front, we have increased the free float for the company and subsequently the share liquidity, positioning us to return to the MSCI indexes. As a reminder, the free float for the company has increased from 10% to almost 19% in record time and preserving value for s...