EDP 1Q26 net profit drops 9% to €0.4 billion

  • EDP posts 1Q26 recurring EBITDA of EUR 1.4 billion, down 3% year over year, while recurring net profit falls 9% to EUR 0.4 billion.
  • Electricity networks recurring EBITDA rises 9% on year, with Iberia up 16% as new regulatory periods begin, while FlexGen & Clients is hit by lower Iberian power prices and higher ancillary services costs.
  • EDPR recurring EBITDA increases 2%, with installed capacity up 6% to 20,500 MW as average selling price drops 9% to EUR 52.3/MWh.
  • Net financial costs climb to EUR 253 million, while net debt increases to EUR 15.7 billion.
  • EDP upgrades 2026 guidance to EBITDA of EUR 5.2 billion and net profit of about EUR 1.3 billion.


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