French electricity company's core profit drops 19%, declining electricity prices drag down performance

LootboxPhobia · 2026-02-20T13:29:41+00:00

EDF report shows that due to weak electricity prices, annual earnings have dropped significantly, with 2025 EBITDA down 19% year-over-year. Despite record-high nuclear power output, revenue and operating profit both declined. The company expects electricity prices to remain soft, and EBITDA in 2026 will slightly decrease.

LootboxPhobia

2026-02-20 13:29:41

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Investing.com - EDF reports that annual earnings have significantly declined due to weak electricity prices dragging down returns on its nuclear and hydropower assets.

The French state-owned utility company stated that EBITDA for 2025 is expected to decrease by 19% year-over-year, from €36.5 billion to €29.3 billion, despite nuclear power generation reaching its highest level in six years.

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Revenue dropped from €118.7 billion last year to €113.3 billion, while operating profit fell from €18.3 billion to €13.1 billion.

France’s largest electricity producer continues to face oversupply in the electricity market. Benchmark forward electricity prices recently fell to their lowest levels since the early days of the COVID-19 pandemic, reflecting the ongoing growth in renewable energy capacity and still subdued industrial demand.

EDF plans to increase nuclear power generation from nearly 362 terawatt-hours in 2024 to 373 terawatt-hours in 2025.

Looking ahead, the company warns that as electricity prices continue to weaken, EBITDA is expected to “slightly” decline in 2026. The group forecasts French nuclear output for 2026 and 2027 to be between 350 and 370 terawatt-hours, and 345 to 375 terawatt-hours in 2028.

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