Austrian energy group EVN AG 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 strong performance in its networks segment.
Revenue increased 3.1% to €2.43 billion, while EBITDA rose 4.9% to €748.5 million. Operating profit (EBIT) advanced 3.0% to €460.4 million. One-off effects, including a non-cash gain from the acquisition of a fiber-infrastructure company and foreign exchange recycling, contributed approximately €52.5 million to the group result. Earnings per share stood at €2.94.
The networks segment delivered a 21.3% increase in EBITDA to €348.3 million, with revenue of €703.4 million. Electricity network volumes rose 0.7% to 6,184 GWh, while natural gas distribution volumes declined 5.9% to 10,082 GWh. In contrast, the generation segment reported a 41.9% drop in EBITDA to €75.7 million, with revenue falling 17.9% to €217.6 million. Total electricity generation volumes decreased 7.0% to 1,688 GWh, including a 48.5% decline in thermal generation to 125 GWh.
The energy supply segment posted a 30.9% rise in EBITDA to €110.2 million, supported by a 35.0% increase in operating profit to €85.6 million. Contributions from equity-accounted investees surged to €46 million from €9.2 million a year earlier. Heat sales rose 2.6% to 1,852 GWh, while electricity sales fell 10.3% to 4,002 GWh.
EVN’s Southeast Europe segment reported a 5.4% revenue increase to €1.26 billion, with EBITDA up 19.2% to €153.7 million. Electricity generation volumes in the region climbed 16.3% to 383 GWh, while network distribution volumes grew 2.3% to 11,771 GWh.
Net debt declined 15.8% year-over-year to €942.2 million as of June 30, 2026, while the gearing ratio improved to 13.8% from 17.3%. The equity ratio increased to 62.3%. Operating cash flow rose 0.5% to €630.5 million, with net cash flow from investing activities improving to -€257.4 million from -€496.4 million a year earlier.
Capital expenditures totaled €535.5 million in the nine-month period, with investments planned at roughly €1 billion annually through 2030, primarily focused on Lower Austria. Installed wind capacity reached 570 MW, with a target of 770 MW by 2030. A co-located large battery storage project in Southeast Europe expanded capacity from 20 MWh to 40 MWh during the summer.
EVN maintained its dividend track record with 28 consecutive years of payments, offering a current yield of 3.15%. The company retained credit ratings of A1 (stable) from Moody’s and A+ (stable) from Scope, alongside €765 million in undrawn committed credit lines.
Full-year guidance for fiscal 2025/26 projects a group net result between €470 million and €490 million, with EBITDA expected to remain roughly flat compared to the prior year. The fourth quarter is anticipated to post a net loss of €35 million to €55 million.
