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Brief: EDP To Deploy 12 Bln Euros Of Gross Investment Between 2026 And 2028

Nov 6 (Reuters) - EDP SA EDP.LS:

TO DEPLOY AROUND 12 BILLION EUROS OF GROSS INVESTMENT BETWEEN 2026 AND 2028 AT ENHANCED RETURNS

TARGETING AROUND 5 BILLION EUROS IN ASSET ROTATION PROCEEDS AND AVERAGE ASSET ROTATION GAINS OF AROUND 0.2 BILLION EUROS/YEAR

EBITDA AT AROUND 4.9 BILLION EUROS IN 2025 INCREASING TO 4.9-5 BILLION EUROS IN 2026 AND TO AROUND 5.2 BILLION EUROS BY 2028

NET INCOME MOVING UP FROM AROUND 1.2 BILLION EUROS IN 2025 AND 1.2-1.3 BILLION EUROS IN 2026 TO AROUND 1.3 BILLION EUROS BY 2028

UPLIFT IN DIVIDEND FLOOR TO AROUND 0.21 EUROS PER SHARE BY 2028, WITH TARGET DIVIDEND PAYOUT RANGE OF AROUND 60-70% OVER 2026-28

AROUND 1 BILLION EUROS OF TARGET DISPOSALS IN 2026-2028 TO FUND CORE GROWTH MARKETS

NET DEBT EXPECTED TO STAND AT AROUND 16 BILLION EUROS IN 2025 AND 2026, REDUCING TO AROUND 15 BILLION EUROS IN 2028

Source text

Further company coverage: EDP.LS

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))

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