2025 was a successful business year for us. With an adjusted EBITDA of 5.1 billion euros, we achieved the business target we had set for ourselves. Record expansion in wind and solar, investments in security of supply and the biggest electricity price cut of recent years reflect the balance between supply security, environmental sustainability and affordable energy.

Dr. Georg Stamatelopoulos, CEO

We met our earnings expectations in all business segments. To finance our ambitious investments, we are relying not only on revenues but also on investment models and capital market financing. In 2025, we were able to successfully secure financing of five billion euros, including a capital increase.

Thomas Kusterer, Deputy CEO and CFO

EnBW’s corporate and financing strategy are the focus of our investor communication. To us, investor relations means providing capital market participants with comprehensive and timely information, and also reflecting how they view EnBW back to the Company. That is why we attach great importance to continuous dialogue with investors.

Marcel Münch, SVP Finance, M&A and Investor Relations