- 55GW of renewables installed, 6GW under construction as of September 30.
- Over 3GW of PPAs signed in Q3.
- EBIT excluding Nuclear at €6.3bn, down 7.3% due to lower energy prices.
- Economic net debt reduced by €1.4bn to €46.4bn.
Business Highlights
ENGIE reported strong progress in its Renewables and Battery Energy Storage Systems (BESS) sectors, with 55GW of installed capacity and an additional 6GW under construction as of September 30. The company accelerated its Power Purchase Agreements (PPAs) in the third quarter, signing over 3GW since the start of the year. Expansion efforts in flexible assets were noted across Italy, Romania, and Belgium. Additionally, the Doel 4 reactor was restarted, and the final payment was made to close the transfer of nuclear waste liabilities.
Financial Performance
ENGIE's EBIT, excluding Nuclear, stood at €6.3 billion, reflecting an organic decrease of 7.3% due to lower energy prices and a significant decline in hydro volumes. Despite these challenges, the performance plan contributed €477 million, ensuring positive earnings momentum towards year-end. The company demonstrated strong cash generation with a Cash Flow from Operations (CFFO) of €11.4 billion. ENGIE maintained a solid balance sheet, with economic net debt/EBITDA at 3.2x and a reduction in economic net debt by €1.4 billion to €46.4 billion. The full-year 2025 guidance was confirmed at the upper end of the range.
