EDP Renovaveis, S.A. Earnings Recaps
Q3 2025
Nov 6, 2025
EDP and EDPR reported solid financial results for the first nine months of 2025, with a recurring net profit of EUR 974 million, reflecting a 5% increase mainly driven by growth in wind and solar capacity.
Key takeaways
- Underlying EBITDA rose 21% year-on-year in the wind and solar segment, supported by nearly 20 gigawatts of installed capacity and a 14% increase in generation.
- Total EBITDA reached EUR 3.7 billion, a 2% increase year-on-year, although impacted by lower hydro generation and asset rotation gains compared to last year's figures.
- The Iberian electricity networks demonstrated resilience, with recurring EBITDA declining 7% primarily due to absence of asset rotation gains totaling EUR 71 million in 2024.
- Despite adverse weather conditions affecting renewable output, hydro generation remained above average price levels, providing a buffer against sourcing cost pressures.