ENGIE Reports Increased 2025 Results and Raises Dividend
Energy group ENGIE released its annual 2025 results on Thursday, showcasing a recurring net income of 4.9 billion euros and strong cash generation. The company proposes a dividend of 1.35 euros per share and announces the acquisition of UK Power Networks.
Financial Performance Highlights
ENGIE closed the 2025 fiscal year with a recurring net income attributable to the group of 4.9 billion euros, reaching the upper end of its guidance. EBIT excluding nuclear stood at 8.8 billion euros, up 2.2% organically. The group generated 13.6 billion euros in operating cash flow, reflecting sustained cash flow creation. The performance plan contributed 823 million euros to the year's results.
Financial Structure and Dividend Proposal
Economic net debt decreased by 2.7 billion euros to 45.2 billion euros, while the economic net debt to EBITDA ratio remained stable at 3.1 times. Net financial debt increased by 5.7 billion euros to 38.9 billion euros, due to disbursements related to the nuclear agreement in Belgium. ENGIE proposes a dividend of 1.35 euros per share for 2025, representing a payout ratio of 67% of the result. For 2026, the group anticipates a recurring net income between 4.6 and 5.2 billion euros.
Renewable Energy and Strategic Acquisition
ENGIE reached 57.2 gigawatts of installed renewable and battery storage capacities by the end of December 2025, with nearly 8 gigawatts under construction. The year 2025 saw a record addition of 6.2 gigawatts. The group remains a leader in long-term corporate power purchase agreements with 4.8 gigawatts signed. The acquisition of UK Power Networks, announced in this context, strengthens the group's position in the electrical grid sector.
