Rwe Ag Ord S/Adr (RWEOY) Q3 2025 Earnings Call

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WEBVTT 00:00:00.065 -- 00:00:05.253 Welcome to the RWE conference call. Michael Mueller, CFO 00:00:05.253 -- 00:00:10.301 of RWE AG, will inform you about the developments in the first three 00:00:10.301 -- 00:00:15.649 quarters of fiscal 2025. I will now hand over to Thomas 00:00:15.649 -- 00:00:17.649 Denny. 00:00:18.554 -- 00:00:22.380 Thank you, Laura, and welcome and good afternoon from Essen. 00:00:22.380 -- 00:00:26.322 Thank you for joining RWE's nine-month investment analyst conference call today. 00:00:26.322 -- 00:00:31.347 Our CFO, Michael Müller, will guide you through our key highlights and financial performance 00:00:31.347 -- 00:00:35.292 for the first nine months and the outlook for the current year. 00:00:35.292 -- 00:00:37.594 And with that, let me hand over to Michael. 00:00:37.594 -- 00:00:41.698 Thanks Thomas, and also good afternoon to all of you. 00:00:41.698 -- 00:00:47.124 In the first nine months of 2025, our portfolio has shown a strong financial 00:00:47.124 -- 00:00:48.946 performance. 00:00:48.946 -- 00:00:55.465 We have achieved more than 80% of our full year 2025 adjusted EPS target. 00:00:55.465 -- 00:01:00.712 In the UK, we concluded the sale of a data center development project at a former 00:01:00.712 -- 00:01:04.157 RDB power plant site to a hyperscaler. 00:01:04.157 -- 00:01:09.345 The transaction was closed and the proceeds received in October. 00:01:09.345 -- 00:01:11.728 The book gain of 225 00:01:11.728 -- 00:01:17.436 million euros is reported as non-recurring in the Q3 2025 adjusted EBITDA 00:01:17.436 -- 00:01:20.861 of the flexible generation segment. 00:01:20.861 -- 00:01:24.592 This is the second such transaction with a hyperscaler. 00:01:24.592 -- 00:01:29.138 Last year, we sold the site in Germany to Microsoft. 00:01...