E.ON SE (EOAN.DE) with strong EBITDA growth and confirmed guidance – stable development despite regulatory challenges.
Financial results for Q2 2025:
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The Group’s adjusted EBITDA increased by 13% year-on-year to €5.5 billion in Q2 2025.
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Adjusted net profit rose by 10% year-on-year to €1.9 billion.
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Capital expenditures increased by 11% to €3.2 billion in the first half of 2025.
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E.ON confirmed its full-year EBITDA guidance at €9.6–9.8 billion.
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The company plans to invest €43 billion from 2024 to 2028, of which €35 billion will be allocated to the energy networks segment.
E.ON SE, one of Europe’s largest energy network operators primarily active in electricity and gas distribution and sales, published its financial results for the second quarter of 2025, confirming the company’s solid condition and the effectiveness of its strategy. Adjusted EBITDA reached €5.5 billion, representing a 13% year-on-year increase. Adjusted net profit exceeded €1.9 billion, nearly 10% higher than the previous year. The company attributes the improved results to steadily expanding network infrastructure, improved operational efficiency, and relatively favorable weather conditions.
The largest growth driver remains the energy networks segment, benefiting from a growing regulatory asset base (RAB), increased transmission volumes, and significantly lower redistribution costs. Additional positive factors included the benefits from digitalizing infrastructure and implementing new technological solutions.
E.ON maintained its full-year financial guidance for 2025 – adjusted EBITDA is expected to be between €9.6 and €9.8 billion, with net profit ranging from €2.85 to €3.05 billion. The company also presented updated medium-term targets through 2028, forecasting EBITDA growth beyond €11.3 billion and net profit around €3.4 billion. Investment plans remain ambitious – between 2024 and 2028, E.ON intends to allocate €43 billion for development, with as much as €35 billion directed to the energy networks segment.
Regarding long-term development, the company highlights the need for regulatory changes in Germany and is actively involved in consultation processes related to these regulations.
After the results publication, E.ON’s share price experienced a short-term decline, which found support at the 50-day EMA (around €15.75). The price then quickly rebounded, rising to about €16.06, reflecting a positive market reaction to strong financial data and confirmed guidance. The price behavior indicates sustained investor optimism and readiness for further gains, supporting the upward trend observed in recent months.
Source: xStation5
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