EDP-Energias De Portugal SA (OTCPK:EDPFY)

Q1 2025 EDP SA Earnings Call Transcript

May 09, 2025 / 07:30AM GMT

Release Date Price: $36.6 (+2.66%)

Transcript

Key Points

Positve

EDP-Energias De Portugal SA (EDPFY) reported a 6% year-on-year increase in EBITDA, reaching EUR1.4 billion in the first quarter of 2025.
The company experienced a 19% year-on-year increase in net profit, driven by strong performance in integrated generation and supply business in Iberia.
EDP-Energias De Portugal SA (EDPFY) has a positive outlook for its integrated business in Iberia, with strong reservoir levels and increased demand for flexibility services.
The company has secured a favorable regulatory opinion for a 50% increase in investments in Portugal's electricity networks for the 2026-2030 period.
EDP-Energias De Portugal SA (EDPFY) continues to see strong demand for PPAs, backed by regulated utilities and corporate entities, with a focus on supply chain management to mitigate risks.

Negative

The company is facing weaker dollar and Brazilian real against the euro, impacting financial performance.
EDP-Energias De Portugal SA (EDPFY) expects lower asset rotation gains in 2025 compared to 2024.
There is uncertainty regarding the regulatory framework and investment conditions in Spain, which could affect future returns.
The company has not upgraded its 2025 guidance despite strong first-quarter performance, citing prudence due to potential market volatility.
EDP-Energias De Portugal SA (EDPFY) is dealing with challenges related to the disconnect between Portuguese and Spanish power markets following a recent blackout.

Operator

Good morning. We welcome you to the EDP first quarter 2025 results presentation conference call. (Operator Instructions)

I now hand the conference over to Mr. Miguel Viana, Head of IR and ESG. Please go ahead, sir.

Miguel Viana

EDP SA - Head - Investor Relations and Sustainability

Good morning, ladies and gentlemen. Thanks for attending EDP's first-quarter '25 results conference call. We have today with us our CEO, Miguel Stilwell de Andrade; and our CFO, Rui Teixeira, which will present to you the main highlights of our strategy execution and the first quarter '25 financial performance. We'll then move to the Q&A session, in which we'll be taking your questions, both by phone or written questions that you can insert from now onwards at our webcast platform.

I'll give now the floor to our CEO, Miguel Stilwell de Andrade.

Miguel De Andrade

EDP SA - Chief Executive Officer, Executive Vice Chairman of the Board

Thank you, Miguel, and hello, everyone. Thank you for attending our first quarter

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