Redeia H1 FY26 attributable profit rises 4% to EUR 280.4 million

Reuters2026/07/29 05:37

By:Reuters

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Redeia posted H1 2026 net profit attributable to shareholders of EUR 280.4 million, up 4% year on year, as revenue rose 7.1% to EUR 869.2 million.
EBITDA climbed 5.8% to EUR 672.6 million, while EBIT edged up 1.6% to EUR 422.6 million.
Net financial debt fell 8.5% from December 2025 to EUR 5.01 billion, while FFO increased 15.6% to EUR 546.2 million.
TSO investment rose 12% to EUR 631 million, with management citing progress on the Bay of Biscay interconnection and the Salto de Chira pumped-storage project.
Redeia issued a EUR 500 million green perpetual subordinated hybrid in April, while Fitch and S&P cut its long-term rating to BBB+ with stable outlooks.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Redeia Corporación SA published the original content used to generate this news brief on July 29, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Redeia H1 FY26 attributable profit rises 4% to EUR 280.4 million

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