Redeia H1 FY26 attributable profit rises 4% to EUR 280.4 million

• Redeia posted H1 2026 net profit attributable to shareholders of EUR 280.4 million, up 4% year on year, as revenue rose 7.1% to EUR 869.2 million.
• EBITDA climbed 5.8% to EUR 672.6 million, while EBIT edged up 1.6% to EUR 422.6 million.
• Net financial debt fell 8.5% from December 2025 to EUR 5.01 billion, while FFO increased 15.6% to EUR 546.2 million.
• TSO investment rose 12% to EUR 631 million, with management citing progress on the Bay of Biscay interconnection and the Salto de Chira pumped-storage project.
• Redeia issued a EUR 500 million green perpetual subordinated hybrid in April, while Fitch and S&P cut its long-term rating to BBB+ with stable outlooks.

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