Redeia presented its results for the first quarter this Wednesday, in which it obtained a net profit of 140.3 million euros, which represents an increase of 1.8% with respect to the same period of the previous year. The company has also explained that it has not recorded any provision for the electricity blackout on April 28, 2025 «since it is considered that Red Eléctrica (REE) acted in accordance with current regulations.» For their part, the income (turnover and participation in profits of companies) of the group, parent company of Red Eléctrica de España, increased by 4.6% compared to the same three months of 2025, with a figure greater than 443 million euros as of March 31. By activities, income from the operation and transportation of electricity in Spain recorded a growth of 8.5% compared to the first quarter of last year, with 385.3 million eurosdue, among other factors, «to the new commissioning of transportation network facilities.» For its part, the international electrical transmission led by Redinter reached the 32.5 million euros and Reintel’s fiber optic activity recorded a turnover of 34.4 million euros. He gross operating result (EBITDA) of the group in the first three months of 2026 increased by 5.8%, to 338.8 million euros. And the net operating result (EBIT)which rises 2% compared to the end of March 2025, reaching 214.9 million euros. The net financial debt rises 95.2 million euros, up to 5,569.4 million. «The group’s greater investments have been partially offset by the generation of cash and the collection of subsidies linked to the financing of projects (interconnection with France through the Bay of Bizkaia and PRTR funds),» highlights Redeia. Likewise, the company maintains the objective that In 2030, 100% of its financial debt will be contracted with ESG criteria. As of March 31, the debt under ESG criteria stood at 82%, 83% if the bond issuance of this same month of April is taken into account, the firm noted. It is worth remembering that on April 15, Redeia issued its first European hybrid green bond to promote the ecological transition in Spain. The issue, for an amount of 500 million euros, accrues a fixed annual coupon of 4.375%, with an IRR of 4.375%, on a perpetual basis. «The operation registered high demand, which demonstrates the markets’ confidence in the company, which is advancing in its new Strategic Plan that proposes an unprecedented volume of investments,» says Redeia. Regarding the dividend, the Board of Directors has proposed to the General Shareholders’ Meeting the distribution of a dividend of 0.80 euros charged to the results for fiscal year 2025. From this amount, the 0.20 euros per share paid on account on January 7 are deducted. Therefore, the complementary dividend of 0.60 euros It will be paid expectedly in July.
