The ENGIE group has achieved a recurring net income of €4.9 billion, a performance that sits at the upper end of its initial forecasts. This performance reflects robust management in the face of global market volatility and an impeccable execution of its decarbonization plan.
ENGIE’s positive financial balance sheet
Starting this new cycle is the signing of the agreement to acquire 100% of UK Power Networks. This operation makes the United Kingdom the second most relevant market for the firm in terms of EBIT contribution. Likewise, the integration of these regulated electricity networks allows the company to ensure stable and predictable income, strengthening its risk profile for international investors and analysts.
Over the last year, the company has increased its installed capacity for storage and green sources by 6.2 GW. This progress brings the operational total to 57.2 GW, consolidating an asset base that will be fundamental for the goals set for 2028.
The projected gross investment strategy, ranging between €34 billion and €38 billion, will allocate almost all of its resources to critical infrastructure and batteries, progressively moving away from nuclear dependence.
Regarding investor remuneration, the board of directors has proposed a dividend of €1.35 per share. This payment represents 67% of recurring net income, maintaining an attractive and consistent distribution policy.
Despite a slight increase in net financial debt due to contractual commitments in Belgium, economic debt decreased, placing the leverage ratio at a healthy level of 3.1x.
The organization expects its recurring earnings to remain stable, with a target of reaching up to €5.8 billion by the end of 2028. The focus will be on ensuring that the majority of EBIT comes from regulated activities or long-term contracts.
Source and photo: ENGIE