)

ERG (ERG) investor relations material
ERG Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Q2 2025 EBITDA rose 11% year-over-year to €128M, reversing a weak Q1; H1 EBITDA was €274M, down 3% year-over-year due to historically low wind speeds, partially offset by new capacity additions.
Adjusted net profit in H1 2025 was €83M, down 22% year-over-year, but Q2 net profit rebounded to €34M, up 21% year-over-year.
Strategic progress included commissioning of the first battery storage plant in Italy, new wind/solar capacity in multiple countries, and the start-up of the Corlacky wind farm (47 MW) in Northern Ireland.
Multiple long-term PPAs were signed, including with A2A, FS Group, Engie, Plenitude, and Amazon, enhancing revenue visibility.
ESG leadership reaffirmed with top rankings in the Identity Corporate Index, CDP A list, and renewed gender equality certification.
Financial highlights
Q2 2025 EBITDA: €128M (+11% year-over-year); H1 2025 EBITDA: €274M (−3% year-over-year).
Q2 2025 adjusted net profit: €34M (+21% year-over-year); H1 2025 adjusted net profit: €83M (−22% year-over-year).
H1 2025 capital expenditure totaled €143M, focused on acquisitions and new wind/solar/storage projects in the UK, Germany, France, and Italy.
Net financial position at June 30, 2025: €1,949M, up from €1,793M at end-2024, reflecting investments and €160M in dividends/buybacks.
Q2 amortization/depreciation: €69M (flat year-over-year); net financial charges: €12M (up from €7M year-over-year).
Outlook and guidance
2025 EBITDA guidance confirmed at €540M–€600M, assuming wind conditions normalize in H2.
Investments for 2025 expected between €190M–€240M; year-end net financial position forecasted at €1,850M–€1,950M.
Recent wind speeds have normalized, supporting confidence in meeting guidance.
Wind EBITDA in Italy expected to decrease slightly due to low wind in H1, partially offset by new repowered capacity and higher incentives.
Solar EBITDA in Italy expected to increase, driven by higher volumes from revamping and repowering.
Next ERG earnings date

The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage