Full Year 2025 Redeia Corporacion SA Earnings Call Transcript
Key Points
- Redeia Corporacion SA (RDEIF) achieved a record investment in TSO, exceeding EUR 1.5 billion in 2025, marking a 40% increase from 2024.
- The availability index of the national transmission network improved to 98.39% in 2025, surpassing the 98.06% achieved in 2024.
- The company completed the sale of its Hispasat stake for EUR 725 million, strengthening its financial position.
- Redeia Corporacion SA (RDEIF) maintained a solid EBITDA margin of 75.8% and exceeded its strategic plan objectives for 2021-2025.
- The company secured EUR 1.1 billion in loans and issued a half-billion green bond, enhancing its funding for strategic projects.
- The company experienced a significant blackout on April 24, 2025, which was an unprecedented and multifactorial incident.
- International business performance declined due to challenges in Chile and unfavorable exchange rates between the dollar and the euro.
- Operating expenses grew by 5.6% due to increased activity and higher personnel costs, impacting overall profitability.
- The financial result worsened by EUR 20 million due to lower financial income compared to 2024.
- Net group's debt increased to EUR 5.4 billion by the end of 2025, representing a EUR 100 million rise from December 2024.
Good morning, ladies and gentlemen. We're starting our earnings call for 2025 and the new strategy plan for the period 2026, 2029. We bid welcome to all attendants via telephone and our webpage. With us are Beatriz Corredor, Chair of the Board of Directors; Roberto GarcÃÂa Merino, Chief Executive Officer; and Emilio Cerezo, Chief Financial Officer.
I now give the floor to our Chairwoman, Beatriz Corredor.
Thank you very much, all, and good morning, everyone. First, I will start by highlighting the most notable events of 2025, and then our CEO, Roberto, will go deeper into the year's figures and discuss the close of the financial year. I will later refer to the environment in which the Board of Redeia brings this strategy plan, and once more, Roberto will go into deeper detail on it. And as usual, we will conclude with a question-and-answer period to address any of your queries or concerns.
As I said, let's get started with 2025
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