Portugal's EDP reported a 44% jump in 2025 net profit, reaching 1.15 billion euros as its renewables business delivered stronger earnings. The utility's EBITDA climbed 5% to over 5 billion euros, while operating costs fell 2% to 1.9 billion euros despite adding 2.1 gigawatts of new capacity. Total installed capacity now stands at 32.7 GW, with 87% from renewable sources.

EDP Renovaveis, the company's renewables arm, posted a net profit of 216 million euros, reversing a 556 million-euro loss from 2024. However, capital gains from selling wind and solar parks declined to 64 million euros from 181 million euros as EDP continued monetizing mature assets to fund new projects. The company faces headwinds from lower power prices in Portugal and Spain and a weaker Brazilian real affecting its Brazil operations.

EDP's board will propose a 2.5% increase in the 2025 dividend to 0.205 euros per share at its April 16 annual meeting. The results highlight EDP's successful transition toward renewables while navigating challenging market conditions in key markets.