Engie Q1 FY26 EBIT excluding nuclear drops 8% to €3.4 billion

  • Engie Q1 2026 EBIT excluding Nuclear fell 8% to EUR 3.4 billion, while EBITDA excluding Nuclear slipped 6% to EUR 4.6 billion.
  • Cash flow from operations edged down EUR 1 billion to EUR 3 billion; economic net debt dropped EUR 4 billion to EUR 41.2 billion.
  • Economic net debt/EBITDA improved 0.1 percentage points to 2.9x; average cost of gross financial debt held at 4%.
  • UKPN acquisition completed; equity financing included a EUR 3 billion capital increase and EUR 2.1 billion equivalent hybrid debt.
  • 2026 guidance confirmed, targeting NRIgs of EUR 4.6 billion to EUR 5.2 billion and EBITDA excluding Nuclear of EUR 13.8 billion to EUR 14.8 billion.


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