Endesa's 2025 adjusted net profit rose 18% to 2.35 billion euros, exceeding targets
The company unveiled a €10.6 billion three-year investment plan, a 10% increase from previous plans
Grid investment will increase by 40% to 5.5 billion euros, while renewable investment decreases by 20%
Endesa expects continued growth through 2028, with EBITDA targeting 6.2-6.5 billion euros
📖 Full Retelling
Spanish utility Endesa reported stronger earnings for 2025 and unveiled a €10.6 billion three-year investment plan on February 24, 2026, with both adjusted net profit and EBITDA exceeding company targets, reflecting a strategic shift toward expanding power networks while taking a more selective approach to renewable projects. The company's financial performance showed adjusted net profit rising 18% to 2.35 billion euros and EBITDA increasing 9% to 5.76 billion euros, surpassing their initial projections. Looking ahead, Endesa expects adjusted net profit in the range of 2.3 billion euros to 2.4 billion euros for 2026, with EBITDA projected between 5.8 billion euros and 6.1 billion euros. By 2028, the company is targeting even higher performance with EBITDA between 6.2 billion euros and 6.5 billion euros, and adjusted net profit growing to between 2.5 billion euros and 2.6 billion euros. The new investment plan represents a 10% increase over the previous plan of 9.6 billion euros, with more than half of the spending allocated to expanding and modernizing power networks, while renewable investment will decrease by approximately 20% to roughly 3 billion euros.
🏷️ Themes
Corporate Finance, Energy Transition, Strategic Investment
Renewable energy (also called green energy) is energy made from renewable natural resources that are replenished on a human timescale. The most widely used renewable energy types are solar energy, wind power, and hydropower. Bioenergy and geothermal power are also significant in some countries.
Multinational electric utility company, the largest in Spain
Endesa, S.A. (Spanish pronunciation: [enˈdesa], originally an initialism for Empresa Nacional de Electricidad, S.A.) is a Spanish multinational electric utility company, the largest in the country. The firm, a majority-owned subsidiary of the Italian utility company Enel, has 10 million customers in...
Endesa's strong 2025 results and increased investment plan signal robust financial health and a strategic shift towards grid modernization and energy storage, which is crucial for Spain's energy transition. The company's commitment to maintaining high dividend payouts demonstrates its focus on shareholder returns while investing heavily in infrastructure. This move positions Endesa to better manage the integration of renewable energy and meet future electricity demand.
Context & Background
Endesa is a major Spanish utility company
The company previously had a 9.6 billion euro investment plan for 2023-2025
Grid and renewables accounted for 42% and 39% of previous investments respectively
What Happens Next
Endesa will implement its new 10.6 billion euro investment plan over the next three years, with more than half directed toward power network expansion. The company expects continued earnings growth through 2028, with EBITDA projected to reach 6.2-6.5 billion euros. Dividend payments will increase in line with profits while maintaining a minimum 70% payout ratio.
Frequently Asked Questions
How much did Endesa's profit increase in 2025?
Endesa's adjusted net profit rose 18% to 2.35 billion euros in 2025.
What is the main focus of Endesa's new investment plan?
Over half of the 10.6 billion euro investment will go toward expanding and modernizing power networks, with grid investment increasing by 40%.
How will Endesa's renewable energy investment change?
Spending on renewables will decrease by about 20% to approximately 3 billion euros as the company adopts a more selective approach.
Original Source
try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Asia stocks rise as China reopens on a strong note; Hong Kong hit by tech losses Wall Street slides on Trump tariff turmoil, AI disruption research report Dystopian AI report sinks payment and software stocks Exclusive-China’s DeepSeek trained AI model on Nvidia’s best chip despite US ban, official says (South Africa Philippines Nigeria) Endesa unveils €10.6 billion investment plan; 2025 results exceed targets By Vahid Karaahmetovic Author Vahid Karaahmetovic Earnings Published 02/24/2026, 03:14 AM Endesa unveils €10.6 billion investment plan; 2025 results exceed targets 0 ELE 5.03% Investing.com -- Spanish utility Endesa reported stronger earnings for 2025, with adjusted net profit rising 18% to 2.35 billion euros and EBITDA increasing 9% to 5.76 billion euros. Both metrics exceeded the company’s targets. Dive into corporate earnings with InvestingPro - get up to 50% off For 2026, the group expects adjusted net profit in the range of 2.3 billion euros to 2.4 billion euros and EBITDA of 5.8 billion euros to 6.1 billion euros. Looking further ahead, Endesa is targeting EBITDA of between 6.2 billion euros and 6.5 billion euros by 2028, compared with 5.8 billion euros in 2025. Adjusted net profit is projected to grow to between 2.5 billion euros and 2.6 billion euros from last year’s 2.3 billion euros. The company said dividends will increase in line with earnings, maintaining a minimum payout ratio of 70% of adjusted profit. Alongside the updated outlook, Endesa unveiled a new three-year investment plan totaling 10.6 billion euros, representing a 10% increase versus its previous plan of 9.6 billion euros. More than half of the new spending will be directed toward expanding and modernizing power networks, with grid investment set to reach 5.5 billion euros — a 40% increase. By contrast, spending on renewables will fall about 20% to roughly 3 billion euros, reflecting a more selective approach to new projects and...
