Board Change • Jun 01
High number of new directors There are 7 new directors who have joined the board in the last 3 years. Independent Director Marta de la Cuesta Gonzalez was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. New Risk • May 02
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 14% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • May 01
First quarter 2026 earnings released First quarter 2026 results: EPS: €0.26. Revenue: €461.4m (up 10% from 1Q 2025). Net income: €140.3m (up 1.8% from 1Q 2025). Profit margin: 30% (down from 33% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Duyuru • Apr 11
Redeia Corporación, S.A., Annual General Meeting, May 12, 2026 Redeia Corporación, S.A., Annual General Meeting, May 12, 2026. Reported Earnings • Mar 02
Full year 2025 earnings released: EPS: €0.90 (vs €0.94 in FY 2024) Full year 2025 results: EPS: €0.90 (down from €0.94 in FY 2024). Revenue: €1.73b (up 4.4% from FY 2024). Net income: €505.6m (flat on FY 2024). Profit margin: 29% (down from 31% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Dec 29
Upcoming dividend of €0.16 per share Eligible shareholders must have bought the stock before 05 January 2026. Payment date: 07 January 2026. Payout ratio is on the higher end at 85% but the company is not cash flow positive. Trailing yield: 5.3%. Within top quartile of German dividend payers (4.5%). Higher than average of industry peers (4.1%). New Risk • Oct 31
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 13% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Oct 30
Third quarter 2025 earnings released Third quarter 2025 results: EPS: €0.22. Revenue: €424.0m (down 9.7% from 3Q 2024). Net income: €120.3m (down 14% from 3Q 2024). Profit margin: 28% (down from 30% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Electric Utilities industry in Europe. New Risk • Aug 03
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 17% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Minor Risk Paying a dividend despite having no free cash flows. New Risk • Aug 01
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 79% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (79% net debt to equity). Paying a dividend despite having no free cash flows. Reported Earnings • Aug 01
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: €456.2m (down 2.9% from 2Q 2024). Net income: €131.7m (down 3.9% from 2Q 2024). Profit margin: 29% (in line with 2Q 2024). Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Electric Utilities industry in Europe. Upcoming Dividend • Jun 27
Upcoming dividend of €0.49 per share Eligible shareholders must have bought the stock before 04 July 2025. Payment date: 08 July 2025. Payout ratio is on the higher end at 85% but the company is not cash flow positive. Trailing yield: 4.4%. Within top quartile of German dividend payers (4.4%). In line with average of industry peers (4.5%). Board Change • Jun 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 9 experienced directors. 2 highly experienced directors. External Independent Director Guadalupe de la Munoz was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • May 28
Redeia Corporación, S.A., Annual General Meeting, Jun 30, 2025 Redeia Corporación, S.A., Annual General Meeting, Jun 30, 2025. New Risk • May 05
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 12% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • May 02
First quarter 2025 earnings released First quarter 2025 results: EPS: €0.26. Revenue: €418.9m (down 11% from 1Q 2024). Net income: €137.8m (up 4.2% from 1Q 2024). Profit margin: 33% (up from 28% in 1Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. New Risk • Apr 29
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 15% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (15% operating cash flow to total debt). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Mar 03
Full year 2024 earnings released Full year 2024 results: Revenue: €1.66b (down 22% from FY 2023). Net income: €506.6m (down 27% from FY 2023). Profit margin: 31% (down from 33% in FY 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Electric Utilities industry in Europe. Reported Earnings • Feb 28
Full year 2024 earnings released Full year 2024 results: Revenue: €1.71b (down 19% from FY 2023). Net income: €506.6m (down 27% from FY 2023). Profit margin: 30% (down from 33% in FY 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Electric Utilities industry in Europe. Duyuru • Jan 23
Redeia Corporación, S.A. to Report Nine Months, 2025 Results on Oct 29, 2025 Redeia Corporación, S.A. announced that they will report nine months, 2025 results on Oct 29, 2025 Duyuru • Jan 15
Redeia Corporación, S.A. to Report Fiscal Year 2024 Results on Feb 26, 2025 Redeia Corporación, S.A. announced that they will report fiscal year 2024 results on Feb 26, 2025 Upcoming Dividend • Dec 27
Upcoming dividend of €0.16 per share Eligible shareholders must have bought the stock before 03 January 2025. Payment date: 07 January 2025. Payout ratio is on the higher end at 83%, and the cash payout ratio is above 100%. Trailing yield: 5.6%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (5.0%). New Risk • Nov 05
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 16% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Minor Risk Dividend is not well covered by cash flows (dividend per share is over 6x cash flows per share). Reported Earnings • Nov 01
Third quarter 2024 earnings released Third quarter 2024 results: EPS: €0.26. Revenue: €469.5m (down 12% from 3Q 2023). Net income: €139.5m (down 23% from 3Q 2023). Profit margin: 30% (down from 34% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Electric Utilities industry in Europe. New Risk • Aug 02
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 11% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Aug 01
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: €507.5m (up 3.6% from 2Q 2023). Net income: €137.0m (down 21% from 2Q 2023). Profit margin: 27% (down from 36% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Electric Utilities industry in Europe. Board Change • Jul 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 8 experienced directors. 3 highly experienced directors. Proprietary Director Esther Maria Martinez was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Jun 20
Upcoming dividend of €0.59 per share Eligible shareholders must have bought the stock before 27 June 2024. Payment date: 01 July 2024. Payout ratio is on the higher end at 78% but the company is not cash flow positive. Trailing yield: 5.8%. Within top quartile of German dividend payers (4.8%). In line with average of industry peers (5.6%).