Électricité de Strasbourg Société Anonyme (ELEC) H2 2025 earnings summary

Executive summary

• Consolidated revenue for 2025 was €1,254.5M, down 11.6% year-over-year, mainly due to lower energy prices and the end of government support measures.

• Net income attributable to the group rose 5% to €158.0M, driven by improved operational performance and lower taxes.

• The group maintained a strong financial position, with no significant change in debt levels.

• Dividend per share increased to €13.70, up from €11.00 in 2024.

Financial highlights

• Revenue: €1,254.5M (-11.6% vs. 2024); Operating income: €217.9M (+13.8%); Net income: €158.0M (+5%).

• EBITDA: €286.3M; Earnings per share: €22.04.

• Dividend payout: €98.2M, representing €13.70 per share.

• Cash flow from operations: €252.9M; CAPEX: €92.96M.

Outlook and guidance

• Strategic focus on energy transition, customer satisfaction, and digitalization will continue in 2026.

• Ongoing investments in network modernization, renewable energy, and customer services.

• Further development of lithium extraction and new renewable projects planned.