Logotype for Redeia Corporación S.A.

Redeia (REE) investor relations material

Redeia Q2 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Redeia Corporación S.A.
Q2 2025 earnings summary30 Jul, 2025

Executive summary

  • Investments in the national transmission grid exceeded €560M in H1 2025, up 34% year-over-year, with a target of over €1.4B for the year, the highest in company history.

  • Revenue for H1 2025 rose between 2.2% and 2.7% year-over-year, with EBITDA up 2.8% and net profit stable at €269M.

  • The April 28 power outage highlighted the need for grid flexibility; rapid restoration demonstrated operational resilience, with no provision recognized as actions were compliant.

  • Divestment of Hispasat is expected to close in Q4, bringing in €725M and classified as held for sale with no impact on 2025 results.

  • Recognized among the top 5% most sustainable companies globally and updated green finance framework to align with EU taxonomy.

Financial highlights

  • Revenues grew 2.2–2.7% year-over-year to €811.9–843M; EBITDA rose 2.8% to €636M; net profit stable at €269M.

  • Net financial debt at June 30 was €5.54B, up €170M from year-end 2024 due to heavy investment.

  • Operating cash flow after taxes (FFO) was €472.6M, down due to a prior-year tax refund; adjusted FFO rose 6.8%.

  • Supplementary dividend of €0.6/share paid in July, total 2024 dividend €0.8/share.

  • 94% of group investments are EU Taxonomy eligible.

Outlook and guidance

  • Year-end investment expected to exceed €1.4B, with cumulative 2021–2025 investment above €4.2B.

  • 2025 guidance: EBITDA over €1.25B, net profit above €500M, net debt around €5.7B after Hispasat sale.

  • Average annual CapEx of €1.5B expected for 2026–2028, with high certainty for the next three years.

  • Dividend policy for 2025 remains at €0.8/share, with future policy to be reviewed in the next strategy plan.

  • Net debt/EBITDA expected to remain below 5x; FFO/net debt above 15%.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next Redeia earnings date

Logotype for Redeia Corporación S.A.
Q3 202529 Oct, 2025
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next Redeia earnings date

Logotype for Redeia Corporación S.A.
Q3 202529 Oct, 2025

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.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

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.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
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.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
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.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
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.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
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.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
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.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Red Electrica Corporacion S.A. engages in the electricity transmission, and system operation and management of the transmission network for the electricity system in Spain and internationally. It is involved in the development, construction, operation, and maintenance of fixed assets; and regulation activities, such as the coordination of production, consumption and transport of energy through electricity networks. The company is also involved in the provision of services to third parties; traffic control of energy from renewable sources; production of electrical energy from renewable sources; export and import of electric energy; leasing of land for energy projects; agency activities; representation activities with producers and consumers of electricity operating in the IBEX or markets outside Spain; and develop cloud computing applications. In addition, it is engaged in repowering process, which consists in changing existing wind turbines with new ones that have higher unit power.

Quartr provides global coverage of all investor relation material from public companies.

  • 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.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage