Financial Results

H1 2026 Results

Key highlights:

Robust operational performance
Increase in French nuclear output
Positive cash flow, keeping net financial debt stable

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.

189.9 TWh

NUCLEAR OUTPUT FRANCE
€14.1bn

EBITDA
€5.2bn

NET INCOME
€2.6bn

CASH-FLOW
€51.5bn

NET FINANCIAL DEBT
26.5gCO₂/kWh

CARBON INTENSITY

H1 2026 Results Documents

Press release for the 2026 half-year results PDF - 735.63 KB
Presentation of the 2026 half-year results on July 31, 2026 PDF - 2.41 MB
2026 Half-Year Financial Report as of 30 June 2026 (including summarized half-year consolidated accounts at 30 June 2026) PDF - 1.41 MB
Webcast of the 2026 half-year results on July 31, 2026
Transcript of the webcast of the 2026 half-year results on July 31, 2026 PDF - 488.03 KB

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.

Bernard FontanaChairman and Chief Executive Officer of EDF

Learn more on Bernard Fontana

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.