Financial Results
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.
H1 2026 results
Key highlights:
- Robust operational performance
- Increase in French nuclear output
- Positive cash flow, keeping net financial debt stable
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189.9 TWh
NUCLEAR OUTPUT FRANCE
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€14.1bn
EBITDA
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€5.2bn
NET INCOME
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€2.6bn
CASH-FLOW
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€51.5bn
NET FINANCIAL DEBT
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26.5gCO₂/kWh
CARBON INTENSITY
Outlook and targets
Outlook:
- 2026 EBITDA expected to decrease by around 10 % vs. 2025 in an environment notably marked by lower market price and heatwaves.
- Nuclear power output in France estimated at 350-370TWh for 2026 and 2027, and 345-375TWh for 2028, with target generation potential of over 400TWh.
2027 targets - confirmed(1):
- NFD / EBITDA: ≤ 2.5x
- Adjusted economic debt / adjusted EBITDA(2): ≤ 4x
(1) Based on scope, exchange rates, laws and regulations as at 1 January 2026 and assuming French nuclear output (including Flamanville 3) of 350-370TWh in 2026 and 2027.7
(2) Applying constant S&P ratio methodology.
The operational and financial results for the first half of 2026 are as anticipated.
They reflect the Group’s mobilisation for customer satisfaction, electrification of uses and sustainably enhanced operational performance, with a rise in output, particularly of nuclear generation in France which was up by 8TWh this half-year. For our 80th anniversary we are allocating €350 M to accelerate electrification in homes and buildings, transport, and industry. EDF’s drive to make low-carbon solutions more widely accessible and support industrial and regional electrification projects is making a practical contribution to competitivity, sovereignty and decarbonisation for our economy. We are investing in our industrial facilities and stepping up the rollout of our climate change adaptation plan, while continuing to develop personnel skills and training. All these actions are moving forward with a constant focus on operational performance and the company’s financial trajectory. My thanks go out to all the teams in the Group, and our partners, for their dedication.
We are proud to be part of EDF’s 80-year history and are fully committed for the decades to come.
H1 2026 Results Documents
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Press release for the 2026 half-year results PDF - 735.63 KB
Previous financial results
2025 Annual Results Documents
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Press release for the 2025 annual results PDF - 686.13 KB
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Presentation of the 2025 annual results PDF - 2.62 MB
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Management Report 2025 PDF - 729.53 KB
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Operational data 2025 XLSX - 933.55 KB
H1 2025 Results Documents
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Press release for the 2025 half-year results PDF - 653.72 KB
Quiet period
The Company has set a quiet period of 15 calendar days before communication of annual and half-year results, during which no new information on the current course of business and on EDF's results can be provided to financial analysts and investors, in order to avoid any risk of communicating incomplete financial information that could lead the recipients to anticipate EDF's results before their disclosure.