Full Year 2025 CEZ as Earnings Call Transcript

Mar 12, 2026 / 03:00 PM GMT

Release Date Price: $54.95

Transcript

Key Points

Positve

CEZ AS (CZAVF) achieved an EBITDA of 137 billion Czech crowns and an adjusted net income of 28.1 billion Czech crowns, both at the upper range of their guidance.
The company successfully reduced its emission intensity by 37% compared to 2019, achieving a CO2 emission target of 0.24 tons per megawatt hour.
CEZ AS (CZAVF) connected 18,000 photovoltaic power plants in 2025, contributing to a total of 157,000 connected plants.
The company expanded its nuclear fuel suppliers, receiving first deliveries from Westinghouse for its nuclear plants.
CEZ AS (CZAVF) became a strategic shareholder of Rolls-Royce SMR, acquiring a 20% stake, enhancing its position in the nuclear sector.

Negative

The company experienced lower margins from commodity trading, impacting overall financial performance.
CEZ AS (CZAVF) anticipates a decline in EBITDA for 2026 due to a decrease in power prices and planned outages in nuclear facilities.
The company faced a significant decline in trading profits due to lower volatility in the market.
There was a 47% decline in EBITDA from emission-generating segments, reflecting challenges in coal and natural gas operations.
CEZ AS (CZAVF) is testing the sale of its German wind assets due to subscale operations in the German market.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CEZP.PR - CEZ as
Full Year 2025 CEZ as Earnings Call
Mar 12, 2026 / 03:00PM GMT

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Presentation
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Unidentified_1 [1]
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Hello everyone and welcome to our regular quarterly results call of CIIS Group. It's my pleasure as usual to welcome here Martin Novak, Chief Financial Officer, and Pavel Sirani, Chief Sales and strategy Officer. We will go through the presentation briefly and then we will open the room to you for questions. Now, I'm handing over to Martin.

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Unidentified_2 [2]
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Good afternoon. Good morning.

Thank you. So, let's, start and let's have a look at, slide number 3.

I will go through first two sections, which sections which means highlights, of, 2025, and then,

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