EVN AG on Thursday reported a 21% year-over-year rise in group net profit to €525.1 million for the first nine months of fiscal 2025/26, supported by a €52.5 million contribution from one-off effects. Revenue increased 3.1% to €2.43 billion, while EBITDA rose 4.9% to €748.5 million. Operating profit (EBIT) grew 3.0% to €460.4 million.
The company’s networks segment delivered the strongest performance, with EBITDA surging 21.3% to €348.3 million on stable electricity volumes of 6,184 gigawatt-hours. Natural gas distribution volumes declined 5.9% to 10,082 GWh. In contrast, the generation segment posted a 41.9% drop in EBITDA to €75.7 million, reflecting a 7.0% decline in total electricity generation to 1,688 GWh, including a 48.5% collapse in thermal output to 125 GWh.
The energy supply segment saw EBITDA rise 30.9% to €110.2 million, while Southeast Europe contributed €153.7 million in EBITDA, up 19.2%. Net cash flow from operating activities increased 0.5% to €630.5 million, and net debt fell 15.8% to €942.2 million. The gearing ratio improved to 13.8%, and the equity ratio rose to 62.3%.
EVN maintained its full-year guidance, projecting a group net result of €470–490 million, with EBITDA expected to remain broadly flat. The company reaffirmed its dividend track record of 28 consecutive years, with a yield of 3.15%. A fourth-quarter net loss of €35–55 million is anticipated.
Capital expenditures totaled €535.5 million during the period, with a planned annual investment program of about €1 billion through 2030 focused on network infrastructure, renewables, battery storage, e-mobility, and water supplies. Wind capacity reached 570 MW, with a target of 770 MW by 2030, while battery storage capacity in Southeast Europe doubled to 40 MWh.
EVN’s credit ratings remain A1 (stable) from Moody’s and A+ (stable) from Scope, with €765 million in undrawn committed credit lines. The shares were trading near the upper end of their 52-week range, at €28.50, up 0.53%.
