Overview

• Endesa's Q1 2025 net profit nearly doubled year-on-year to €583 million, driven by strong gas margins and the removal of a 1.2% electricity tax.
• EBITDA rose 33% to €1,431 million, reflecting robust financial health and demand recovery in its distribution zones and across Spain.
• The company has urged significant investments in the electricity distribution network following the April 28 blackout in Spain and Portugal.
• Endesa completed the €1 billion acquisition of 626 MW of hydroelectric assets and launched a €2 billion share buyback program, with €500 million already executed.
• Average electricity pool prices increased 90% year-on-year to €85/MWh, influenced by raw material costs and geopolitical instability.