EDP revises upward targets for 2026 and forecasts profit of up to 1.5 billion euros

EDP has raised its financial targets for 2026, now forecasting a recurring profit of €1.4 to €1.5 billion and a recurring EBITDA of €5.4 billion, reflecting a 16% increase from previous estimates. CEO Miguel Stilwell d'Andrade noted this is the third upward revision following the first and second quarter results. The updated guidance shows a significant rise from the November 2025 projections, which estimated a recurring net profit of €1.2 to €1.3 billion and a recurring EBITDA of €4.9 to €5 billion.