EDP Renewables quadruples profit to 440 million euros by September

EDP Renováveis reported a profit of nearly 440 million euros by September, a significant increase from 107 million euros in the same period of 2025. This growth is attributed to strong operational performance and higher asset rotation gains, despite increased amortizations and currency effects. The company's recurring EBITDA rose by 23% to 1.728 billion euros, while revenues grew by 1% to 2.034 billion euros. Electricity sales increased by 2%, and renewable energy generation also saw a 2% rise. Additionally, net debt reached 8.3 billion euros, up 3% from December 2025. CEO Miguel Stilwell de Andrade announced his departure at the end of his term in 2027, having led the company since its inception in 2007. EDPR shares rose by 3.22% to 13.47 euros today.