Finance
Wind energy firm EDPR's profit falls 24% despite strong revenues
Published by Global Banking & Finance Review®
Posted on May 8, 2025
2 min readLast updated: January 24, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on May 8, 2025
2 min readLast updated: January 24, 2026
EDPR's Q1 profit fell 24% due to no capital gains, despite a 21% revenue rise. Power production increased by 10%, boosting EBITDA by 5%.
LISBON (Reuters) -EDP Renovaveis, the world's fourth largest wind energy producer, said on Thursday its first quarter net profit fell 24%, despite a solid revenue increase, as it did not make any capital gains in the period unlike a year earlier.
The renewables arm of Portugal's EDP said net profit fell to 52 million euros ($58.78 million), slightly below the 54.8 million euro average forecast by analysts polled by LSEG.
The company said it booked no capital gains from the sale of wind and solar assets – part of a strategy of disposing stakes in mature plants to finance new ones – in the first quarter. A year ago, it logged 58 million euros in this type of gains.
Its overall revenues grew 21% to 763 million euros on the back of a 10% increase in power production to 10.9 gigawatt-hours (GWh), "with Europe and North America representing more than 80% of total generation output", it said in a statement.
Consolidated earnings before interest, taxes, depreciationand amortisation (EBITDA) rose 5% year-on-year to 476 million euros, beating the average forecast of 466 million euros.
($1 = 0.8846 euros)
(Reporting by Sergio Goncalves; editing by Inti Landauro)
The main topic is EDP Renovaveis' 24% profit drop in Q1 despite increased revenues and power production.
EDPR's profit fell due to the absence of capital gains from asset sales, unlike the previous year.
EDPR's revenue grew by 21% to 763 million euros, driven by a 10% increase in power production.
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