Overview
- Endesa, which reported results Wednesday, logged net profit of €725 million up 24.4% year over year and EBITDA of €1.63 billion up 14%.
- New CEO Gianni Armani said the strong start gives enough visibility to keep 2026 goals unchanged at €5.8–6.1 billion in EBITDA and €2.3–2.4 billion in ordinary net income.
- Revenue edged down 1.3% to €5.82 billion as financial debt rose to €10.57 billion, a 4.5% increase since December 2025, highlighting higher leverage as investment plans ramp.
- The company said probes show the April 28, 2025 blackout did not start in its power plants or distribution grid, and it has received no significant lawsuits or booked provisions.
- Endesa pressed for approval to raise legal limits on grid spending to unlock a €5.5 billion three‑year plan, arguing bigger networks would ease bottlenecks, connect new demand, and improve reliability.