EDP Renewables SA (XLIS:EDPR)

Q4 2025 EDP Renovaveis SA Earnings Call Transcript

Feb 25, 2026 / 03:30 PM GMT

Release Date Price: €13.5

Transcript

Key Points

Positve

EDP Renovaveis SA (EDRVF) reported a strong financial performance for 2025, with recurring EBITDA reaching around 2 billion, up 17% year on year.
The company achieved a significant improvement in financial discipline, with net debt closing at 8.1 billion, slightly down from 2024, and a reduction in the net debt to recurring EBITDA ratio from 4.9% to 4.1%.
EDP Renovaveis SA (EDRVF) successfully delivered 2 gigawatts of gross capacity additions, with generation up 11% to 40.6 terawatt hours.
The company demonstrated strong operational efficiency, with core OpEx per average megawatt decreasing by 12% compared to the previous year.
EDP Renovaveis SA (EDRVF) has secured 1.5 gigawatts of capacity additions for 2026, with 80% already under construction, supporting a positive outlook for the year.

Negative

The average selling price in Europe decreased by 10% to €53 per megawatt-hour, reflecting a normalization in prices.
Asset rotation gains were around €119 million, below 2024 levels, although in line with guidance.
The company faced challenges with lower wind conditions in Europe and North America, impacting renewable resource availability.
Financial results were impacted by a €36 million provision in Vietnam and impairments in Europe, including non-core countries.
The company has a 15% exposure to merchant prices, with 60% of this exposure in Europe, which could be affected by declining power prices in the region.

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

EDPR.LS - EDP Renovaveis SA
Q4 2025 EDP Renovaveis SA Earnings Call
Feb 25, 2026 / 03:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon. We welcome you to EDPR's 2025 final year results presentation conference call.

During the presentation, all participants will be on a listen-only mode. There will be an opportunity to ask questions after the presentation. If you wish to ask a question during the question-and-answer session, you need to press 11 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press 11 again.

Alternatively, you may also submit questions on the webcast at any time by typing them in the question box and click submit.

If you are experiencing difficulty in listening to the conference at any time, please make sure that you have your headset fully

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