Financial Results
H1 2025 Results
Key highlights:
- Operational performance in line with expectations.
- Positive cash flow in a context of falling market prices and rising investments.
- Net financial debt reduced.
Key Figures
As a leading player in the energy transition, EDF confirms the strength of its operational and financial performance. The Group continues to execute its strategy and is making significant investments in low-carbon energy.
-
181,8 TWh
NUCLEAR OUTPUT FRANCE
-
€15.5bn
EBITDA
-
€5.5bn
NET INCOME
-
€4.3bn
CASH-FLOW
-
€50.0bn
NET FINANCIAL DEBT
-
26gCO₂/kWh
CARBON INTENSITY
H1 2025 Results Documents
-
Press release for the 2025 half-year results PDF - 653.72 KB
“Operational and financial results for the first half of 2025 are in line with expectations, in a context of falling market prices. These results reflect the initiatives taken to raise production levels and present commercial offerings appropriate to our customers’ needs. Our priorities for the future are: to supply low-carbon, reliable, competitive energy that serves all our customers and supports France’s industrial and energy sovereignty; and to demonstrate our ability to accomplish major projects to the highest standards of security, health and safety, on time and on budget. I know I can count on all EDF’s teams to work to achieve these aims and thank them for their dedication. I am proud to be part of EDF.”
Outlook
Outlook for 2025 - unchanged:
- Strong EBITDA, expected to decrease in a context of falling market prices.
- Nuclear power output in France, including Flamanville 3, is estimated at 350-370 TWh in 2025, 2026 and 2027.
2027 targets - confirmed(1):
- NFD / EBITDA: ≤ 2.5x
- Adjusted economic debt / adjusted EBITDA(2): ≤ 4x
(1) Based on scope and exchange rates as at 1 January 2025 and assuming French nuclear output including Flamanville 3, of 350-370TWh a year in 2025, 2026 and 2027
(2) Applying constant S&P ratio methodology.
Previous financial results
2024 Annual Results
-
Presentation of the 2024 annual results PDF - 2.73 MB
-
Press release for the 2024 annual results PDF - 484.67 KB
-
Management Report 2024 PDF - 1.37 MB
-
Operational data 2024 XLSX - 1.04 MB
2024 Half-Year results
> Friday, 26 July 2024 – 10:30 AM CET
-
Press release for the 2024 half-year resultsPDF - 575.62 KB
Continued progress in operational performance, Market prices decreasing, Higher nuclear power output in France, expected at upper end of the range, Lowest ever carbon intensity, Success of commercial offers, Net financial debt stabilised and “Ambitions 2035”: the Group’s transformation continues