Societatea Nationala Nuclearelectrica SA (BSE:SNN)
lei 44.75 -0.050 (-0.11%) Market Cap: 13.50 Bil Enterprise Value: 9.79 Bil PE Ratio: 7.99 PB Ratio: 1.10 GF Score: 90/100

Q1 2025 Societatea Nationala Nuclearelectrica SA Earnings Call Transcript

May 22, 2025 / 10:59 AM GMT
Release Date Price: lei41.7 (+3.09%)

Key Points

Positve
  • Societatea Nationala Nuclearelectrica SA (FRA:53V) reported a profit of 513.6 million won, which is 65 million better than their approved budget.
  • The financial result is 23% higher due to increased interest income and favorable currency exchange rates.
  • There was an increase in current assets by 258 million lei, mainly due to advances recorded for investment projects.
  • The company experienced a sharp increase in CapEx expenditure, indicating progress in investment projects.
  • The reactors operated normally with no special issues, maintaining expected nuclear and capacity factors.
Negative
  • The profit was almost 50 million won below the Q1 2024 result.
  • There was a significant increase in costs, particularly due to the windfall tax and uranium fuel expenses.
  • Sales on the competitive market saw a 10% decrease in price, and there was a reduction in the quantity sold on the spot market.
  • Operating expenses increased by 33% due to rising legal and consulting services costs.
  • The company anticipates the need to access financial markets to finance future projects, indicating potential future debt.


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E D I T E D V E R S I O N

ROSNN.BX - Societatea Nationala Nuclearelectrica SA
Q1 2025 Societatea Nationala Nuclearelectrica SA Earnings Call
May 22, 2025 / NTS GMT

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Presentation
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We closed the quarter with a profit of 513.6 million won.

With almost 50 million below our 2024 quarter one result, but with 60, almost 65 million better than our approved budget.

As you can see, we had the increasing, in revenues, but we also had an increase in in cost versus 2024, mainly the W for tax, but we have one, And deviation of 340 million won.

Due to the fact that in quarter 2024, we actually didn't pay any windfall tax.

The threshold being 450 and the median price in that part of the year was lower than than that.

In, cost without, the windfall tax, we have a marginal increase in op of 1.3%. And this is mainly due to increased expenses
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