Strong Q1 Financial Performance
EBIT excluding nuclear was up 2% at EUR 3.7 billion compared to Q1 2024. Cash flow from operations stood at EUR 4 billion, and economic net debt was down 4% over the quarter to EUR 46 billion.
Renewable Capacity Expansion
Added over 0.6 gigawatts of renewables capacity, taking total capacity to 51.6 gigawatts. 8.5 gigawatts are under construction with 101 ongoing projects.
Nuclear Deal in Belgium
Closure of the nuclear transaction in Belgium, eliminating a significant financial uncertainty with EUR 12 billion transferred for nuclear waste storage provisions.
Improved Credit Ratios
Economic net debt-to-EBITDA ratio improved to 3.0, well below the ceiling of 4, confirming a robust financial position.
Positive Developments in U.S. Market Exposure
Proactive sourcing and diversification strategies largely derisked U.S. projects from tariff impacts. Signed a preliminary agreement to provide 300 megawatts to Cipher Mining in Texas.