Business
Endesa S A : profit rises by 24% to €725 million, confirming its financial targets for the full year 2026
Endesa S A : profit rises by 24% to €725 million, confirming its financial targets for the full year
About this update from Endesa S.a.
Gross operating profit (EBITDA) reaches €1.632 billion, up 14%. The company assures the market that it will meet its EBITDA targets of between €5.8 billion and €6.1 billion, and net profit of between €2.3 billion and €2.4 billion for the current financial year, thanks to the resilience of the liberalised business, the contribution of the new regulatory framework for networks combined with the efficient management of this infrastructure, as well as the ongoing efficiency plan. The company highlights three key areas to address the sector's challenges: protecting consumers by accelerating electrification and renewable deployment within a decarbonised mix; increasing grid investment to unlock growth opportunities and provide greater system security; and, to make this possible, raising the investment cap for the distribution network to ensure the necessary capital expenditure.Endesa has started 2026 with a solid performance across its main businesses and key financial metrics. The electricity company posted a gross operating profit (EBITDA) of €1.632 billion in the first quarter of the year, an increase of 14%, driven firstly by the efficient and disciplined management of the network under the new remuneration framework and, secondly, by the resilience of the liberalised generation and supply businesses in an environment of geopolitical uncertainty and market volatility. As a result, ordinary net profit reached €725 million, 24% higher than in the same period of 2025. In his first earnings presentation to analysts, the new Chief Executive Officer, Gianni Armani, stated that the strong operational and financial performance provides the necessary visibility to confirm Endesa's targets for the full year. These targets, presented last February, are to achieve an EBITDA of between €5.8 billion and €6.1 billion and an ordinary net profit of between €2.3 billion and €2.4 billion. The chief executive reviewed generation performance, which grew by 8% between January and March to 14.2 TWh, thanks to the greater contribution of renewables (notably hydro, with reservoirs at record levels); a volume of liberalised sales (18 TWh in total) that was slightly lower in the B2B segment and stable in B2C; and a 3% growth in the free market customer base, reaching 6.4 million, following the effective integration of the more than 300,000 electricity customers from Energía Colectiva...