The earnings call presented a mixed outlook. While EBITDA growth and the positive impact of the GasNet acquisition are notable highlights, the significant decline in net income and challenges with power prices and trading profits present concerns. The increase in EBITDA guidance suggests optimism, but the renewable generation decline adds to the cautious outlook.

Company Guidance

In the recent financial results conference call for the first half of 2025, CEZ Group reported an EBITDA of nearly CZK 74 billion, marking a 7% increase, while adjusted net income was CZK 16.7 billion, showing a decrease of 21% year-on-year. CapEx grew by 11% to CZK 22.8 billion. The company highlighted several factors affecting these results, including a CZK 6.4 billion negative impact due to declining power prices and a CZK 2.1 billion decrease in trading profits. The distribution segment saw a CZK 3 billion increase, primarily due to higher allowed revenues and investments in distribution assets. The acquisition of GasNet contributed CZK 6.4 billion to EBITDA. Additionally, CEZ adjusted its full-year EBITDA target to CZK 132-137 billion, reflecting improved power prices and cost savings. The company also discussed significant events in nuclear energy development, including increased capacity at Dukovany and plans for small modular reactors in the Czech Republic.

EBITDA Growth

CEZ Group's EBITDA increased by CZK 4.7 billion or 7% year-on-year, reaching almost CZK 74 billion.

GasNet Acquisition Impact

The consolidation of GasNet significantly contributed to EBITDA with CZK 6.4 billion for the first six months of 2025.

Sales Segment Improvement

The sales segment showed improvement due to lower commodity purchase prices and a positive effect of CZK 1.3 billion from undelivered commodities not affecting the current year.

Increased Installed Capacity

Dukovany's installed capacity increased by 14 megawatts per unit, enhancing overall power generation capacity.

EBITDA Guidance Increase

CEZ Group increased its EBITDA target by CZK 5 billion, now estimated between CZK 132 billion to CZK 137 billion.

CEZ AS (DE:CEZ) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

DE:CEZ Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 11, 2025	2025 (Q3)	0.38 / -	0.18	―	―	―
Aug 07, 2025	2025 (Q2)	0.37 / 0.30	0.577	-47.45% (-0.27)	―	―
May 15, 2025	2025 (Q1)	0.62 / 0.97	1.032	-6.45% (-0.07)	―	―
Mar 13, 2025	2024 (Q4)	- / 0.54	-0.018	3057.11% (+0.55)	―	―
Nov 12, 2024	2024 (Q3)	- / 0.18	0.574	-68.64% (-0.39)	―	―
Aug 08, 2024	2024 (Q2)	- / 0.58	0.872	-33.89% (-0.30)	―	―
May 14, 2024	2024 (Q1)	- / 1.03	0.822	25.64% (+0.21)	―	―
Mar 21, 2024	2023 (Q4)	- / -0.02	2.17	-100.84% (-2.19)	―	―
Nov 09, 2023	2023 (Q3)	- / 0.57	1.427	-59.74% (-0.85)	―	―
Aug 10, 2023	2023 (Q2)	- / 0.87	0.528	65.09% (+0.34)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

DE:CEZ Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 07, 2025	€50.20	€50.65	+0.90%
May 15, 2025	€46.24	€45.72	-1.12%
Mar 13, 2025	€40.05	€39.97	-0.19%
Nov 12, 2024	€34.28	€33.96	-0.95%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does CEZ AS (DE:CEZ) report earnings?

CEZ AS (DE:CEZ) is schdueled to report earning on Nov 11, 2025, Before Open (Confirmed).

What is CEZ AS (DE:CEZ) earnings time?

CEZ AS (DE:CEZ) earnings time is at Nov 11, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is the P/E ratio of CEZ AS stock?

The P/E ratio of CEZ AS is N/A.

What is DE:CEZ EPS forecast?

DE:CEZ EPS forecast for the fiscal quarter 2025 (Q3) is 0.38.

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