Redeia maintains profits in June, with 269.5 million, and does not record provisions for the blackout.

Redeia posted a net profit of €269.5 million in the first half of the year, virtually maintaining its previous fiscal year profit of €269.3 million, the company reported. It has not recorded any provisions in its accounts for the April 28th mainland power outage .

Revenue for Red Eléctrica de España's parent company reached €811.9 million from January to June, a 2.7% increase compared to the first half of 2024.

The combined revenue and profit share of companies accounted for using the equity method amounted to €843.3 million , 2.2% higher than the €825.6 million recorded at the end of the first half of 2024.

The gross operating profit (EBITDA) of the group chaired by Beatriz Corredor stood at €636 million at the end of June, an increase of 2.8%.

As for net financial debt, as of June 30, it stood at €5,539.4 million, an increase of €169.6 million due to the significant investments during the year, which were partially offset by cash flow generated from its operations and by the approximately €21 million in subsidies received under the Spain-France electricity interconnection project.

Regarding the dividend, on July 8, Redeia paid the final dividend for the 2024 financial year of €0.60 per share . Thus, the total dividend paid for that financial year amounts to €0.80 per share, as stipulated in the group's strategic plan.

During this period, the company emphasized that it continued "accelerating its investment plan to strengthen Spain's electricity transmission grid, thus assuming its role as an accelerator of the ecological transition and a driver of the country's industrial expansion."

Thus, of the 602.7 million euros invested by the group in the first half of the year, 564.2 million were allocated to the development of the transmission network and the operation of the electrical system.

This investment in the system operator exceeded the amount invested in the first half of the previous year by 33.9% . Particularly intense was the investment effort dedicated to developing the country's transmission network, with €517 million allocated to this area, 41% more than in the same half of last year.

The group is thus continuing with the investment roadmap it set at the beginning of the year. Its main objective, as endorsed at the last shareholders' meeting on June 30, is to exceed €1.4 billion by the end of the year, a historic figure for the company.

In its half-yearly accounts, which have been reviewed by the group auditor (EY) who has issued a favorable opinion on them, the company highlighted with respect to the electricity zero that, based on the internal analysis carried out with the information currently available - especially the report issued by the system operator in compliance with current regulations - and the opinion of Redeia's legal services management and its independent legal advisors, "the directors estimate that it is not likely that the aforementioned incident will entail the outflow of resources from the group in the future , so no provision has been recorded in the interim financial statements as of June 30, 2025."

However, he added that, given that various investigations are ongoing, including that of the National Commission of Markets and Competition (CNMC), "this estimate made by the administrators could be modified in the future."