Strong Q1 2025 Financial Performance
EBIT excluding nuclear increased by 2% to EUR 3.7 billion compared to Q1 2024. Cash flow from operations stood at EUR 4 billion, and economic net debt decreased by 4% to EUR 46 billion.
Resilient Renewable Energy Expansion
Engie added over 0.6 gigawatts of renewables capacity, mainly in LatAm and Egypt, taking the total renewables capacity to 51.6 gigawatts. The company has 8.5 gigawatts under construction with 101 ongoing projects.
Nuclear Deal Milestone
Closure of the nuclear transaction in Belgium, eliminating EUR 12 billion of nuclear waste storage provisions from the balance sheet.
Strategic Acquisitions in Renewables
Engie announced acquisitions in renewables, including two hydro plants in Brazil with a capacity of 612 megawatts and an operating portfolio of 157 megawatts of onshore and solar capacity in the U.K.