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2025 Half-year results 24 July 2025
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2025 half-year results Disclaimer This presentation is for information purposes only and does not constitute an offer or solicitation to sell or buy instruments, part of the company or the assets described here, in the US or any other country. This presentation contains forward-looking statements or information. While EDF believes that the expectations reflected in these forward-looking statements are based on reasonable assumptions at the time they were made, these assumptions are fundamentally uncertain and imply a certain amount of risk and uncertainty which is beyond the control of EDF. As a result, EDF cannot guarantee that these assumptions will materialise. Future events and actual financial and other outcomes may differ materially from the assumptions used in these forward-looking statements, including, and not limited to, potential timing differences and the completion of transactions described therein. Risks and uncertainties (notably linked to the economic, financial, competition, regulatory and climate backdrop) may include changes in economic and business trends, regulations, as well as those described or identified in the publicly-available documents filed by EDF with the French financial markets authority (AMF), including those presented in Section 2.2 “Risks to which the Group is exposed” of the EDF Universal Registration Document (URD) filed with the AMF on 27 March 2025 (under number D.25-0183), which may be consulted on the AMF website at www.amf-france.org or on the EDF website at www.edf.fr and the activity report at 31 December 2024, available online on the EDF website. EDF and its affiliates do not undertake nor do have any obligation to update forward-looking information contained in this presentation to reflect any unexpected events or circumstances arising after the date of this presentation. 2
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2025 Half-year results 2025 half-year results Bernard Fontana Chairman and Chief Executive Officer 3
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4 Level 1 and above significant safety events(1) 2025 half-year results Nuclear safety, health and safety, top priorities of EDF group (1) Excluding Flamanville 3, relating to the number of reactors, over a rolling 12-months period, on the International Nuclear Event Scale (INES). (2) Lost Time Incident Rate for Group employees and contractors. Number of work-related accidents with lost time of one day or more, occurring over a rolling 12-months period, divided by one million hours worked. (3) Absenteeism includes all absences for illness and accident, regardless of the origin and duration (it also includes part-time for therapeutic reasons). Absenteeism rate of 4% for EDF group. According to the AXA barometer, the absenteeism rate in France amounted 4.5% at end-2024, for all sectors. Nuclear safety Health and safety LTIR(2): • Accident prevention campaigns deployed within the Group Absenteeism lower than national average, but with room for improvement(3) 8.3 8.3 30 June 2024 30 June 2025 (number of days/employee, over a rolling 12-months period) 1.38 1.09 1.04 30 June 2023 30 June 2024 30 June 2025 1.7 1.7 30 June 2024 30 June 2025
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5 Nuclear generation Results of the START 2025 programme (objective: increasing the efficiency of the nuclear fleet, in a context of a heavy maintenance programme, associated to the Grand Carénage) • Optimisation of nuclear outages: 13 outages ended ahead of schedule, out of 22 outages • Improvement of outages: +6.6TWh vs H1 2024 EPR2 • Signing of the performance pact for the EPR2 programme with the GIFEN(1) members: implementation of methods to achieve the performance, safety, quality and schedule objectives of the EPR2 programme • Optimised monitoring of 113 plants with 30% lead time gains Framatome • 80% of non-conformities processed on a short-cycle at the Framatome plant of Saint Marcel (from 38 to 6 days) 2025 half-year results Lead time: ongoing implementation process (1) Groupement des Industriels Français de l’Energie Nucléaire (Consortium of French industrials in the nuclear energy sector). Wins in several Business Units Hydro • Testing of sensor device and dam monitoring measures (objective: 1 to 3 man-days of work savings per month) CST (Customers & Energy Services) • For business clients o Repetitive requests automation: implementation of 50 efficiency levers, to optimise the client request processing time (objective: -70,000 hours per year) • Residential customers at regulated tariffs o Call allocation optimisation (estimation of the client wait time reduction from 20 to 40 seconds) EDF Energy • Doubling of the number of retail clients helped by an advisor, while improving customer satisfaction through new working methods, supported by a new customer relationship management platform
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Medium-term electricity supply contracts • Over 12,000 contracts have been signed since end-2023, or 22TWh for 2028, 16TWh for 2029 and 2TWh for 2030, of which: o 60% of these volumes are for industrial clients o Launch in 2025 of new offerings for small and medium-sized businesses Long-term contracts for electricity-intensive industrials • 2 nuclear power allocation contracts signed and 12 letters of intents, covering close to 16TWh per year • 1 contract signed with Aluminium Dunkerque and 2 preliminary agreements signed with Arkema and Kem One for 10-year electricity supply Stable customer portfolio and consumption levels • 29.7M residential customers in G4 countries(1) • 227.6TWh consumed in France(2) 2025 half-year results EDF group is supporting energy and industrial sovereignty (1) Excluding SEI and ÉS customers. (2) Unadjusted consumption. Accelerated deployment of the commercial policy Decarbonising and electrifying uses Dalkia has been given the 20-year public contract to upgrade and extend the city of Lille’s heating network • 95% low-carbon energy generation • 165,000tCO2 avoided per year Following EDF’s call for tenders for the installation of new datacentres in France, the chosen operators to enter in final negotiation with EDF are Opcore (Iliad’ and InfraVia’ subsidiary) and Eclairion • ~1GW of capacity on 3 sites owned by EDF +12% of installed or managed EV charging points vs end-June 2024 6
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Flamanville 3 • Continued ramp-up, with the objective of reaching 100% power by the end of the summer EPR2 • Agreement on the key EPR2 programme support measures finalised with the State(2) • Public debates held for the 3 sites (Penly, Gravelines, Bugey) • Penly: continued site preparation works for the construction of 2 reactors • Manufacturing of first components by Framatome Hinkley Point C • Engagement on electromechanical work on Unit 1, dome of Unit 2 installed Sizewell C • Signature of an agreement to invest up to £1.1bn, expected to be made progressively starting in autumn. EDF will hold a 12.5% stake 7 Steady production • Nuclear in France : o +4.4TWh generation o Modulation: 18.3TWh(1) • Hydropower: -5.2TWh, after outstanding hydraulicity conditions in 2024 Carbon-free electricity output: 95% 26gCO2/kWh carbon intensity (-10% vs H1 2024) 2025 half-year results Stable output and continued development of low-carbon projects (1) Including system services and the adjustment mechanism. (2) Subject to State aid approval by the European Commission. Operational performance Renewable energy projects Offshore wind • Full commissioning of Provence Grand Large, Group’s first floating wind farm (25MW, France) • Resumption of works at the Calvados wind farm (450MW, France) • Commissioning of Neart na Gaoithe (450MW, Scotland) Hydropower • Full commissioning of the Nachtigal dam (420MW, Cameroon) New nuclear projects 14 1316 16 31 26 198 202 H1 2024 H1 2025 Nuclear Hydropower Renewables Others, incl. gas 259TWh 257TWh
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8 -16% in installed capacity of EV charging points vs H1 2024 +16% in renewable energy capacity connected to the grid vs H1 2024 2025 half-year results Networks actively supportive of the energy transition Connections Responding to climate adaptation challenges Cyclone Garance in La Réunion: more than 500 technicians mobilised, and equipment sent to EDF SEI Storm Eowyn in Ireland: team of 50 technicians sent to support the Irish network operator Increase in investments for climate change adaptation, network resilience and connection of new uses and capacities explains the rise in the TURPE in 2025 2.5 2.1 2.6 3.1 H1 2024 H1 2025 (in GW) EV charging points Renewable energy capacity Enedis : 30.5 minutes of average outage time, excluding exceptional items (B HIX criteria), vs 31.6 minutes in H1 2024 Network quality 31.6 min 30.5 min H1 2024 H1 2025
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Stable electricity consumption and intermittency of renewable energies, causing substantial price volatility • 769 hours with hourly prices lower than €10/MWh, or 18% of the time Mobilised flexibility capacities • Modification of purchase contracts for 3 French offshore wind farms, to partially or totally suspend generation in negative price periods • Rise in nuclear modulation(1) of 16% vs H1 2024 • Storage: 3GW of projects in development/construction 92025 half-year results EDF meets the increasing needs for flexibility in a more complex electricity system (1) Including system services and the adjustment mechanism. Making power generation more flexible Rolling out flexibility offerings for customers Charging points • +16% in controllable EV charging points, or 31,500 charging points at end-June 2025 Flexibility offerings for customers • +10% in residential customers with a flexibility contract in France, or 1.3 million customers • Industrial clients: load-shedding contract signed with a steelmaker Off-peak regime Preparing for changes to the off-peak regime, instigated by the French energy regulator (CRE), to better match network requirements and changes in the energy mix (more solar power generation)
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10 Key H1 2025 indicators 2025 half-year results 244TWh Carbon-free output vs 245TWh in H1 2024 €15.5bn EBITDA vs €18.7bn in H1 2024 26gCO2/kWh Carbon intensity vs 29gCO2/kWh in H1 2024 €7.9bn Operational cash flow vs €5.9bn in H1 2024
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2025 Half-year results 2025 half-year results Nathalie Pivet Executive Senior Vice President Chief Performance Officer – Impact Investment Finance 11
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Financial results in line with expectations 2025 half-year results (1) Ratio calculated on the basis of a rolling 12-months period EBITDA. €50.0bn Net financial debt (NFD) vs €54.4bn at end-2024 1.50x NFD / EBITDA ratio(1) 12 In billions of euros H1 2024 H1 2025 Organic change Sales 60.2 59.4 -1.7% EBITDA 18.7 15.5 -16.8% EBIT 9.6 9.0 -5.8% Net income excl. non-recurring items 8.4 5.5 -33.6% Net income - Group share 7.0 5.5 -21.2% Operational cash flow 5.9 7.9 +33.9%
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2025 half-year results A strong EBITDA in a context of continuing declining market prices (1) This segment includes Framatome and Arabelle Solutions. However, the Arabelle Solutions’ income statement was only consolidated from 1 June 2024. (2) This segment includes both segments EDF Renewables and Other international. See note 4 of the appendix of financial consolidated statements as of 30 June 2025. 13 10.3 18,6 18,2 14,9 14,9 15,425 7.3 2.8 4.1 1.0 0.6 0.2 0.2 0.1 0.1 2.0 1.3 1.0 0.7 1.2 1.0 +0.2 -0.6 -3.3 +1.2 -0.7 H1 2024 H1 2025 18.7 15.5 (in billions of euros) Nuclear generation (France and UK) Drop in market prices (France and UK) Trading activities and othersGross margin on delivery Hydro generation Decrease of €3.2 bn France: +4.4TWh UK: -0.3TWh -5.2TWh Italy United Kingdom Dalkia France – Regulated activities France – Generation and supply activities Others Increase in TURPE network access tariff and lower cost of network losses purchases for Enedis Industry and Services(1) EDF power solutions(2)
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2025 half-year results Nuclear and hydro output in France (1) Production after pumping deduction: 24.5TWh in H1 2024 / 19.7TWh in H1 2025. +4.4TWh of nuclear output in France vs H1 2024: • good reactors availability and well managed outages, • high modulation and high temperatures impact. -4.6TWh of hydro output in France vs H1 2024: • outstanding hydraulicity conditions in 2024, • high installations availability. 14 96.6 177.4 103.0 181.8 Q1 Q2 Nuclear output (in TWh) 2024 Cumulative output 2025 Cumulative output +6.7% +2.5% 14.8 28.5 13.1 23.9 Q1 Q2 Hydro output(1) (in TWh) 40% 60% 80% 100% 120% 140% 160% 180% 200% Normal hydro conditions level 2023 2025 2024 -11.5% -16.1% Monthly mins and max between 2015 and 2024
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2025 half-year results EBIT (1) In H1 2024, estimate of forecast costs (€3.2bn) after the scenario for spent fuel in France was revised. In billions of euros H1 2024 H1 2025 Change EBITDA 18.7 15.5 -3.2 Commodities volatility 0.7 (0.1) -0.8 Net depreciation and amortisation (5.8) (6.1) -0.3 Impairments and other operating income and expenses(1) (4.0) (0.3) +3.7 EBIT 9.6 9.0 -0.7 15
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2025 half-year results Financial result In billions of euros H1 2024 H1 2025 Change Cost of gross financial debt (2.0) (1.6) +0.4 o/w interest expenses (2.0) (1.7) +0.2 Discount expenses (1.3) (1.5) -0.2 Other financial income and expenses 3.3 1.8 -1.5 o/w net change in fair value of dedicated assets 1.8 0.3 -1.5 Financial result (0.0) (1.3) -1.2 Exclunding non-recurring items (change in IFRS9 fair value of dedicated assets) (1.7) (0.3) +1.4 Current financial result (1.7) (1.6) +0.1 Decrease of the cost of financial debt Coverage rate of nuclear provisions by dedicated assets in France: 106.3% vs 106.5% at end-June 2024 • Performance of the dedicated assets portfolio: 1.9% vs 5.5% for H1 2024, mainly due to poorer conditions on the equity markets • Increase of 10bps of the real discount rate for nuclear provisions in H1 2024 and H1 2025 16
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2025 half-year results Net income In billions of euros H1 2024 H1 2025 Change EBIT 9.6 9.0 -0.7 Financial result 0.0 (1.3) -1.2 Income tax (2.5) (2.3) +0.2 Share of net income from associates and joint-ventures 0.2 0.3 +0.1 (-) Deducting net income from minority interests (0.3) (0.2) +0.1 Net income – Group share 7.0 5.5 -1.6 (-) Change in financial instruments & commodities fair value (1.7) (0.1) +1.6 (-) Impairments 0.3 0.2 -0.1 (-) Other operating income and expenses 2.7 0.0 -2.7 Neutralisation of non-recurring items net of tax 1.3 0.0 -1.3 Net income excluding non-recurring items 8.4 5.5 -2.9 17
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2025 half-year results Growth in net investments NB: net investment including subsidies and assets portfolio rotation. (1) Framatome and Arabelle Solutions since June 2024. In H1 2024, acquisition of Arabelle Solutions and of the 5% of Framatome owned by Assystem, for €0.9bn. (2) Including central functions, property and gas. In H1 2024, almost 93% of the Group's investments are made in accordance with its net zero emission target 18 2.7 2.6 1.0 2.7 0.2 1.2 0.2 0.5 (in billions of euros) 2.9 3.4 0.4 3.0 0.2 0.8 0.3 0.5 Ventes H1 2025H1 2024 €11.1bn €11.5bn Nuclear maintenance (France, UK and Belgium) incl. Grand Carénage Services Renewables, excl. hydro Nuclear services(1) Others(2) Grids New nuclear (incl. HPC, Flamanville 3 and EPR2) Hydro €1.5bn before disposals€1.3bn before disposals
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2025 half-year results A positive Group cash flow enabling a decrease in net financial debt (1) Net investment including subsidies and assets portfolio rotation. (2) Of which €2bn of distribution of issues premium to the French state. 19 54.3 37,7 35 35 45,9 45,9 46,9 47,7 50,1 50.0 -16.6 -2.7 +11.5 -0.6 +1.0 +0.8 +2.5 -0.1 31 December 2024 30 June 2025 (in billions of euros) Operational cash flow: +€7.9bn Asset disposals EBITDA Cash ∆ WCR and others Net investments(1) Net financial expenses Income tax paid Dividends(2) and hybrid operations Others Cash flow : +€4.3bn Change in WCR: -€2.9bn
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Outlook 2025 half-year results Bernard Fontana Chairman and Chief Executive Officer 20
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21 Providing reliable, competitive, low-carbon and sovereign electricity, thanks to benchmark health and safety standards, reinforced expertise and a focus on lead time: Providing competitive electricity to all our clients and accelerating electrification • Further deployment of the commercial policy • Development of new offerings for the installation of datacentres • Further development of service offerings for the electrification of uses Restoring high levels of nuclear generation • Estimation of nuclear output in France: 350-370TWh in 2025, 2026 and 2027 (including Flamanville 3) to aim for 400TWh in 2030, in a context of climate change adaptation Managing deadlines and costs of nuclear projects • Ramp-up on electromechanical works on Hinkley Point C • Presentation of the project on the financing arrangements for the EPR2 programme by the State to the European Commission • Finalisation of the cost estimate of the EPR2 programme by end-2025 • Ramp-up on EPR2 projects Reviving investment in the hydroelectric plants Completing offshore wind projects and continuing the development of renewables with a less capital-intensive business model Mobilising on operational cash flow • Launching of general expenses reduction programme • Selectivity of investments 2025 half-year results Priorities
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36.5 28,5 27,5 28 25 -7 to -9 -2 to 0 -2 to 2 2024 2025 (in billions of euros) 2025 half-year results Projections: a strong EBITDA in a context of declining market prices (1) Based on scope and exchange rate at 01/01/2025 and an assumption of French nuclear output including Flamanville 3 of 350 -370TWh in 2025. (2) As per current S&P methodology on the ratio. 22 ≤ 2.5x Net financial debt / EBITDA(1) ≤ 4x Adjusted economic debt / adjusted EBITDA(1)(2) Other effects Significant drop in market prices Energy price effect Production 2027 targets Nuclear generation expected to be stable Hydraulic output expected to decrease after an exceptional year 2024 2025 EBITDA
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232025 half-year results Dedicated and mobilised teams (1) In particular for EDF SA, according to the law, this objective will be achieved on the 1 March 2029. Ongoing recruitments momentum Women among the Group’s executives 24% 26.7% 27.2% 40% 2023 2024 H1 2025 2030 Proud to work at EDF Commitment index of 75% 87% of employees are proud to work for their business unit Solidarity between teams Mobilisation of the Group’s teams during climatic events to ensure the electricity supply (such as during cyclones in Mayotte and La Réunion) 3,500 recruitments in France in H1 2025 970 recruitments in the UK in H1 2025 4,500 work-study trainees recruited in France in 2024 “Proud to be part of EDF!” (1)
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2025 Half-year results Complementary book
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ESG (p.54) Financing & liquidity (p.46) Consolidated financial statements (p.37) Operational data (p.30) Strategic projects (p.26) Market data (p.57) 1 2025 half-year results Table of contents 2 3 4 5 6 25 Click the logo to return to the table of contents.
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Strategic projects 1 2025 half-year results 26
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Main aspects EPR2 programme in France 2025 half-year results Progress Final Investment Decision (FID) European Pressurised Reactor EPR2 of 1.6GW/reactor. Programme of 3 pairs of reactors to benefit from series effects in technological terms: equipment purchasing, construction-phase services, operation and maintenance. Integrating feedback from other EPR built worldwide and from the fleet in operation. EPR2 is an upgraded EPR with same safety level (one of the highest in the world), same power and environmental performance and with standardised and optimised construction process. A reactor first licensed for French market. In 2026, EDF will submit to the French State a comprehensive proposal regarding the potential construction of 8 additional EPR2 reactors. Development of the detailed design for the nuclear island of the EPR2. Ongoing task force dedicated to reducing the construction time of a reactor to 70 months. Manufacturing of the main components of the EPR2: reactor pressure vessel and steam generators by Framatome. Penly EPR2 preparatory worksite: earthworks on the plant block, reprofiling the cliff, building the offshore platform, constructing the site access post. Grand Chantier at Penly & Gravelines with French authorities: prepare the area for the start of construction phase: development of infrastructure, park-and-ride facilities, housing, etc. and recruitment & training. Public debates finalized for the 3 sites (Penly, Gravelines, Bugey). Review of key principles of financing and regulatory framework by the Nuclear Policy Council. EDF Board of Directors approved the key principles of State support: • a subsidised State loan covering more than 50% of construction costs, • a contract for difference ensuring revenue during the operational phase, • a risk-sharing mechanism that holds EDF accountable for risks under its control while providing protection against those beyond its responsibility. This major milestone will enable the initiation of exchanges with the European Commission, with a view to EDF’s FID by the end of 2026. Cost assessment to be submitted at end-2025 after completion of all competitiveness-related studies. / Strategic projects 27
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Schedule and cost review Hinkley Point C EPR (3.3GW) 2025 half-year results (1) Excluding interim interests and at a reference exchange rate for the project of £12015 = €1.23. The range of £31bn to 34bn2015 corresponds to the range of £41.6 to 46.5bn in current value (with an additional risk of £1.4bn). (2) See press release of 23 January 2024. Construction progress Financing of the project Schedule organized around 3 scenarios: Unit 1 would be operational in (i) 2029, operational schedule around which the project is organised, based on a target productivity for electromechanical (MEH) work and action plans (ii) 2030, scenario which assumes certain risks materialise in MEH ramp-up and testing (iii) 2031, scenario which assumes a further 12-month risk materializes The start of operation date for Unit 2 is targeted 12 months after Unit 1 commissioning. Project completion cost: estimated in the range of £31 to 34bn2015 (1). If the scenario (iii) materialises, this could lead to an additional cost of around £1bn2015 (2). These schedule and cost were defined during the last review of the project announced on 23 January 2024(2). Unit 1: first level concrete poured around the spent fuel pool in fuel building, start of networks installation between turbine hall and operational service centre, lift of the last tank into the effluent storage building and steam generator installed. Unit 2: dome lifted into position. MEH programme: currently behind plan, notably due to delays in the delivery of materials. A wide range of improvement initiatives are underway, and the installation rates are expected to pick up by the end of the year. As project’s total financing needs exceed shareholder’s contractual commitment, HPC funding is through voluntary additional equity since Q3 2023, to which only EDF is currently contributing. At end-June 2025: • EDF’s share: 74.9% and CGN: 25.1%. • total costs: €36.7bn including €3.2bn of capitalised interest. Signature by EDF of a up to £4.5bn debt financing agreement with Apollo to secure a substantial part of the sterling financing of its investments in the UK, in particular Hinkley Point C. Complementary alternative financing solutions are being investigated by EDF. The financial closing of Sizewell C, triggered by a positive final investment decision, will lead to a reduction in the strike price of Hinkley Point C’s Contract for Difference, from £92.502012/MWh to £89.502012/MWh. It will also result in a compensation payment from Sizewell C to HPC, in return for the sharing of know-how. / Strategic projects 28
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Main aspects Sizewell C EPR (3.3GW) 2025 half-year results Progress Final Investment Decision (FID) Project of 2 UK EPR at Sizewell on the Suffolk coast for a total capacity of 3.3GW. Power supply to 6 million households for around 60 years. Second of a kind EPR in the UK following Hinkley Point C, replicating as much as possible the Hinkley Point C design and supply chain. Development of the Project Framatome, EDF & Edvance contracts effective: manufacturing in progress of the Unit 1 reactor vessel & 6th steam generator. Arabelle Solutions turbine contract signed. Programme alliance agreement signed for civil works. Financing the construction Finalisation of the terms of the Regulated Asset Base (RAB) model and Government Support Package (GSP) to which the project is eligible for funding. Announcement of £14.2bn funding over the next 4 years by the UK government in June 2025. At 30 June 2025, UK government owns 89% and EDF 11% of Sizewell C. Consolidation method Sizewell C has been consolidated under the equity method since 31 December 2024. On 22 July 2025, signature by EDF of an agreement to invest up to £1.1 billion in the Sizewell C project, which is expected to be made over the construction period starting in the autumn. EDF will hold a 12.5% stake in Sizewell C alongside the UK Government (44.9%), La Caisse (20%), Centrica (15%) and Amber Infrastructure (7.6%). The announcement of these investments has enabled Sizewell C to sign the agreements for the final investment decision. The EDF group will contribute to the project as a supplier of engineering studies (EDF/Edvance), the main primary circuit including the nuclear boiler, steam generators and safety control system (Framatome) and, for the conventional island, the turbo-alternator unit (Arabelle Solutions). / Strategic projects 29
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Operational data 2 2025 half-year results 30
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2025 half-year results Electricity output (1) Hydro output includes tidal energy for 268GWh in H1 2025 and 252GWh in H1 2024. Production after deduction of pumped volumes is 21.8TWh in H1 2025 and 27.1TWh in H1 2024. (in TWh) H1 2024 H1 2025 Nuclear 197.9 76% 202.3 79% Total renewables 46.6 18% 41.7 16% Hydro(1) 31.1 67% 26.0 62% Wind 12.4 27% 12.2 29% Solar 2.0 4% 2.5 6% Biomass 1.1 2% 1.1 3% Gas 12.2 5% 11.1 4% Fuel oil 2.0 1% 1.8 1% Coal 0.1 0% 0.0 0% Group 258.8 100% 257.0 100% / Operational data Fully consolidated entities 31
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2025 half-year results CO2 emissions and carbon intensity (1) Carbon intensity corresponds to CO2 emissions in relation to the Group's electricity and heat generation. The EDF group's heat generation amounts to 10.7TWh in H1 2025 (vs 11.2TWh in H1 2024). Including direct CO2 emissions (excluding life cycle analysis of fuel, production means and other CO2-equivalent gas emissions). The other CO2-equivalent gas emissions are included in the scope 1 calculation. (2) Power generation in non-interconnected zones corresponding to overseas departments and Corsica - (mainly island territories) and Electricité de Strasbourg (ES). (3) This segment includes both the EDF Renewables and Other International segments; see Note 4 of the appendices to the consolida ted financial statements as of 30 June 2025. (4) Framatome and Arabelle Solutions contribute 20ktCO2 in H1 2025 and 17ktCO2 in H1 2024, The direct CO2 emissions from “Others” segment are not significant compared to Group total emissions and are not disclosed in this table. Heat and power generation by segment Emissions (in ktCO2) Carbon intensity(1) (in gCO2/kWh) H1 2024 H1 2025 H1 2024 H1 2025 France – Generation and supply activities 704 9% 580 8% 3 3 France – Regulated activities(2) 1,326 17% 1,121 16% 426 389 Dalkia 1,827 23% 1,691 24% 164 158 United Kingdom 0 0% 0 0% 0 0 Italy 2,662 34% 3,233 46% 243 271 EDF power solutions(3) 1,363 17% 363 5% 70 21 Group(4) 7,898 100% 7,007 100% 29 26 Fully consolidated entities 32/ Operational data
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2025 half-year results Installed capacity as of 30 June 2025 (1) This capacity does not include the EPR reactor of Flamanville 3. (2) Including tidal energy: 0.24GW. (3) Including wind, solar, biomass and geothermal. (in GW) Total net capacity of EDF group, including shares in associates and joint ventures Consolidated capacity of EDF group Nuclear(1) 67.8 67.9 58% Hydro(2) 22.8 21.6 18% Renewables, excl. hydro(3) 17.3 13.4 11% Gas 10.8 10.7 9% Fuel oil 3.2 3.1 3% Coal 2.6 1.2 1% Total 124.5 117.8 100% 33/ Operational data
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2025 half-year results France: upstream / downstream electricity balance NB: EDF excluding French islands electrical activities. (1) Hydro output after deduction of pumped volumes represents 19.7TWh in H1 2025 / 24.5TWh in H1 2024. (2) Including hydro pumped volumes of 4.2TWh in H1 2025 / 4.0TWh in H1 2024. Output / Purchases (in TWh) Nuclear Hydro(1) Thermal LT & Structured purchases Purchase obligations 26.4 7.1 1.2 23.9 181.8 240.5 ∆ H1 2025 vs. H1 2024 -0.4 +4.4 -0.3 0.0 -4.6 0.0 Consumption / Sales (in TWh) 240.5 Net market sales of purchase obligations 26.4 0.0 Structured sales and others(2) ARENH supply End-customers 116.0 24.2 60.8 Net market sales excl. purchase obligations 13.1 Market offers: 58.7 Regulated tariffs: 53.6 Others: 3.6 -2.0 -0.2 +2.1 -0.3 -0.8: Market offers -1.2: Regulated tariffs 0.0: Others 34/ Operational data
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EDF: a European leading player in renewable energies 2025 half-year results / Operational data Capacity by geography 2.0GW 5.9GW 28.2GW 1.8GW 2.3GW Hydropower Leading European producer More than 400 production sites worldwide A global leader in wind and solar energy 1.2GW gross commissioned in H1 2025 7.5GW gross under construction (1) Gross capacity: total capacity of the facilities in which EDF has a stake. (2) Installed capacity shown as net, corresponding to the consolidated data based on EDF’s participation in Group subsidiaries, including investments in affiliates and joint ventures. (3) Biomass and geothermal. (4) Including tidal energy: 0.24GW. (in MW) Gross(1) Net(2) 31/12/2024 30/06/2025 31/12/2024 30/06/2025 Wind 2,538 2,294 1,528 1,426 Solar 6,039 5,245 2,595 2,182 Capacity under construction 8,577 7,539 4,123 3,608 Onshore wind 13,169 13,256 9,404 9,389 Offshore wind 2,148 2,381 807 0,873 Solar 11,444 12,373 6,066 6,593 Wind & Solar installed capacity 26,762 28,010 16,277 16,855 Biomass and geothermal - - 481 482 Renewable (excl. hydro) installed capacity - - 16,758 17,337 Hydro - - 22,740 22,792 Renewable installed capacity - - 39,498 40,129 35 A diversified mix with 40.1GW in operation 40.1GW (net) 10.3GW Wind 6.6GW Solar 0.5GW(3) Others 22.8GW(4) Hydro
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43.0GW A portfolio of wind and solar projects of 114GW gross 2025 half-year results / Operational data and geographically diversified * Securing a power purchase agreement (following call for tenders, auction, OTC negotiation) ** Sufficient land securisation and start of technical studies *** Start of land identification and preliminary studies 22.2GW 20.1GW 9.7GW 18.7GW North America Latam Rest of the world 114GW Europe 18% 20% 25% 38% Balanced between technologies Offshore wind Solar 114GW Onshore wind Breakdown by development phase(1) (in GW) 114 59 25 30 Total 2025-2026 2027-2029 > 2029 Breakdown by date of start of construction(2) (in GW) 9 57 48 114GW Under development** Prospection phase*** Secured* NB: The portfolio of projects excludes capacities under construction. Gross data corresponding to 100% of the capacity of the project. (1) Projects in prospection phase are included in the pipeline. (2) Not probability-based. 36 20% 50% 30%
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Consolidated financial statements 3 2025 half-year results 37
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2025 half-year results Group EBITDA by segment (1) This segment includes both the EDF Renewables and Other International segments; see Note 4 of the appendices to the consolida ted financial statements as of 30 June 2025. (2) This segment includes Framatome and Arabelle Solutions. However, Arabelle Solutions’ income statement is only consolidated as from 1 June 2024. 10,311 18 608 15 544 15 544 16 440 16 853 16 895 16 214 15 977 15 780 7,327 2,822 4,112 1,037 611 230 249 101 86 1,989 1,334 993 743 1,205 1,008 -80 -2,984 +1,290 -394 +19 +23 -658 -237 -197 H1 2024 Scope & forex France - Generation & supply activities France - Regulated activities EDF Power solutions Dalkia Industry & Services United Kingdow Italy Others H1 2025 (in millions of euros) / Consolidated financial statements 18,688 15,470 + Nuclear generation - Hydro output - Price effects on end customers + TURPE + Network losses purchases at lower prices + Commercial activity - Decrease in some cogeneration facilities activity - Lower realised nuclear prices - Higher competition in downstream markets - Decrease in asset rotation + Increase in generation EBITDA - Lower margin in gas activities - Decrease in renewable output - Sustained performance of EDF Trading in a context of lower prices & uncertain market + Optimisation of the Dunkirk contract Organic change France – Generation & Supply Activities France – Regulated Activities EDF power solutions(1) Dalkia Industry & Services(2) United Kingdom Italy OthersScope & Forex 38
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2025 half-year results Current and non-current elements of the P&L (in millions of euros) H1 2024 current H1 2024 non-current H1 2024 H1 2025 current H1 2025 non-current H1 2025 EBITDA 18,688 - 18,688 15,470 - 15,470 Commodities volatility - 696 696 - (144) (144) Amortisation/depreciation expenses and provisions for renewal (5,772) - (5,772) (6,059) - (6,059) Impairments and other operating income and expenses - (3,966) (3,966) - (305) (305) EBIT 12,916 (3,270) 9,646 9,411 (449) 8,962 Financial result (1,678) 1,665 (13) (1,563) 310 (1,253) Income tax (2,809) 343 (2,466) (2,359) 55 (2,304) Share of net income from associates and joint-ventures 239 (61) 178 187 65 252 Net income of discontinued operations - - - - - - - Deduction net income from minority interests 314 (8) 306 181 1 182 Net income – Group share 8,354 (1,315) 7,039 5,495 (20) 5,475 39/ Consolidated financial statements
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2025 half-year results Change in net financial debt (in millions of euros) H1 2024 H1 2025 EBITDA 18,688 15,470 Cancellation of non-monetary items included in EBITDA (1,045) 1,073 EBITDA Cash 17,643 16,543 Change in net WCR (706) 2,944 Net investments – excluding disposals (11,055) (11,471) Dividends received from associates and joint ventures 82 414 Other elements (84) (509) Operating Cash Flow 5,881 7,921 Asset disposals - 565 Income taxes paid (2,094) (817) Net financial expenses(1) (1,171) (964) Dedicated assets 129 79 Dividends paid in cash (736) (2,489) Group Cash Flow 2,008 4,294 Rights issue, hybrids and other monetary changes(1) (1,596) (40) Change in net financial debt 413 4,254 Effects of change and exchange rates (184) (71) Other non-monetary changes – IFRS 16 (318) (452) Other non-monetary changes 224 633 Change in net financial debt from continuing operations 135 4,364 Net Financial Debt – Opening balance 54,381 54,346 Net Financial Debt – Closing balance 54,246 49,982 40/ Consolidated financial statements (1) Proforma H1 2024: reclassification of cash and cash equivalent interests in other financial costs.
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2025 half-year results CSPE: support for renewables in mainland France (1) The compensation mechanism of public energy services charges also covers the charges relating to the gas and electricity tariff cap, the tariff equalisation costs in the non-interconnected zones, and the solidarity programmes. It also covers the tariff shield in Q4 2022, 2023 and January 2024. (2) EDF SA excluding island activities. 4.2 6.9 3.4 1.7 0.2 -2.7 1.5 3.3 4.4 4.2 4.9 5.0 H1 2022 H1 2023 H1 2025H1 2024 / Consolidated financial statements The compensation mechanism of public energy services charges(1) offsets the difference between the cost of support for renewables in mainland France(2) and the revenues from the sale forward and spot of the energy at market prices. In 2023, in the context of soaring energy prices, the sale of energy produced by renewables at market prices has exceeded on average the amount of the support by the French State to these producers, leading to a negative compensation amount. In H1 2025, most of the volumes were sold at forward price that have decreased vs in 2024. €229/MWh €111/MWh €46/MWh €67/MWh -125 -25 75 175 275 375 Average spot price - compensation support for renewables from the State - sales of renewable output valued at market prices Total support for renewables including: (in billions of euros) 41
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2025 half-year results Investments: from gross to net (1) Investments in intangible assets and property, plant and equipment in cash flow statement. (2) Net investments in the change in net financial debt statement. 12.0 12,1 12.1 12 11,3 11,3 11.5 +0.1 -0.1 -0.7 +0.1 Gross operating investments Gross investments Net investments (in billions of euros) Gross financial investments Disposals Including by EDF Renewables Minority shares: including EDF Energy and Sizewell C project Subsidies and minority shares Others (2) 42/ Consolidated financial statements (1)
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2025 half-year results Net investments Almost 93% of the Group's investments are made in accordance with its net zero emission target 58% of investments in development Maintenance Development Total Nuclear maintenance (France, UK and Belgium) including Grand Carénage 2.9 - 2.9 New nuclear (including HPC, Flamanville 3 and EPR2) - 3.4 3.4 Nuclear services(1) 0.1 0.3 0.4 Grids 1.4 1.6 3.0 Hydro 0.2 - 0.2 Renewables, excl. hydro - 0.8 0.8 Services - 0.3 0.3 Others(2) 0.1 0.4 0.5 TOTAL 4.8 6.7 11.5 2.9 3.40.4 3.0 0.2 0.8 0.30.5 H1 2025 €11.5bn In billions of euros 2.7 2.6 1.0 2.7 0.2 1.2 0.2 0.5 H1 2024 €11.1bn 43/ Consolidated financial statements €1.5bn before disposals €1.3bn before disposals NB : Net investissements including subsidies and assets portfolio rotation. (1) Framatome and Arabelle Solutions since June 2024. (2) Including central functions, property and gas.
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4.5 4.5 15.4 14.0 14.0 15.5 13.5 13.5 9.85.7 5.7 0.6 0.6 2.5 12.8 Total provisions related to nuclear generation in France Long-term provisions related to nuclear generation in France to be covered by dedicated assets Dedicated assets in realisable value (in billions of euros) 2025 half-year results Provisions related to nuclear generation in France and part to be covered by dedicated assets (1) Related to the operating cycle. At 30 June 2025, the regulatory coverage is 106.3% (vs 104.7% at end-2024). No allocation to dedicated assets to be made in 2025 in respect of 2024 owing to a coverage rate of over 100% at end of year,in accordance with the regulation. 53.6 38.3 40.7 Decommissioning of nuclear plants in operation Decommissioning of permanently shut-down nuclear plants Long-term management of radioactive waste Last core back-end part Management of nuclear fuel (Non-recyclable in existing installation’s part) Last core front-end part Management of nuclear fuel(1) (Recyclable in existing installations part) Provisions for LT management of radioactive waste Provisions for dismantling of nuclear plants Provisions for last cores (back-end of the nuclear cycle) Yield assets Growth assets Fixed-income assets 44/ Consolidated financial statements
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452025 half-year results 10-year inspections of the nuclear fleet in France NB: forecast data at june-2025. (1) Subject to decisions taken and authorisations issued. Number of 10-year inspections 0 1 2 3 4 5 6 7 8 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 TRI1 PAL4 NOG1 BEL2 FLA2 BEL1 CHO2 CHO1 DAM4 TRI4 GRA4 BLA3 CRU3 CAT4 PEN2 BLA4 SLB1 CRU1 CHB2 CRU4 GRA5 PAL2 CRU2 PAL3 SAL1 GRA6 FLA1 SAL2 CAT2 PAL2 BUG2 NOG2 BUG5 DAM1 GRA1 TRI2 CAT3 PEN1 CIV1 DAM2 TRI3 GRA3 GOL1 CIV2 BLA1 BUG3 GRA2 DAM3 BLA2 CHB1 CAT4 DAM4 TRI4 GRA4 BLA3 CRU3 PEN2 CHB4 GOL2 BLA4 SLB1 CRU1 GOL2 PAL1 CAT1 CHB3 BUG4 CIV1 SLB2 1,450MW 1,300MW 900MW 4th 10-year inspection 900MW 5th 10-year inspection(1) 4th 10-year inspection of 900MW reactors 3rd 10-year inspection of 1,300MW reactors 4th 10-year inspection of 1,300MW reactors 3rd 10-year inspection of 1,450MW reactors 5th 10-year inspection of 900MW reactors(1) / Consolidated financial statements Authorisation of the ASNR to start the 4th 10-year inspections of the 1,300MW reactors. In 2026, Paluel will be the first 1,300MW to complete its 4th 10-year inspection. In 2029, Tricastin 1 would be the first 900MW series reactor to realise its 5th 10-year inspection.
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Financing & liquidity 4 2025 half-year results 46
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2025 half-year results Decrease of the net financial debt (1) After application of IFRS 16. (2) Including €1,250M hybrid notes redeemed on 29/01/2025 (see press release of 18/12/2024). An updated green financing framework was published in April 2025, in line with the best practice in the sustainable finance market, and with its updated corporate strategy. It is mostly aligned with the EU Taxonomy, and it now includes nuclear power generation within the UK. / Financing & liquidity (in millions of euros) 31/12/2024 30/06/2025 Financial debt 81,802 87,457 o/w green financial debt 19,802 22,379 Derivatives used to hedge debts (1,872) 561 Cash and cash equivalents (7,597) (10,728) Debt and equity securities (liquid assets) (17,999) (27,329) Asset coverage derivatives 12 21 Net financial debt(1) 54,346(2) 49,982 47
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2025 half-year results Gross debt (1) Mainly JPY, CAD, CHF and BRL. 52%48% Breakdown by type of rate after swap Fixed rate Floating rate 30/06/2025 52%48% 31/12/2024 85% 13% 1% 2% Breakdown by currency after swap EUR GBP USD Others 30/06/2025 80% 15% 2% 3% 31/12/2024 31/12/2024 30/06/2025 Change Average maturity 13.0 years 12.4 years -0.6 year Average coupon 3.85% 3.46% -0.39% (1) 48/ Financing & liquidity
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2025 half-year results High level of liquidity (in billions of euros) 31/12/2024 30/06/2025 Cash and cash equivalents 7.6 10.7 Liquid assets 18.0 27.3 Option for bond issues in 2026 and 2027 (Apollo agreement) - 3.5 Unused credit lines (off-balance sheet) 14.3 16.6 o/w KPI-linked 10.8 12.2 Gross liquidity 39.9 58.2 Financial debt – current part (maturing within one year) (12.9) (13.2) Net liquidity 27.0 45.0 49/ Financing & liquidity
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2025 half-year results Focus on bonds NB: Nominal amounts only. (1) €61.2bn vs €58.6bn in note 18 of the H1 2025 consolidated financial statement that includes accrued interests and depreciatio n. (2) Mainly HKD, NOK and BRL. 0 0,5 1 1,5 2 2,5 3 3,5 4 4,5 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046 2047 2048 2049 2050 2051 2052 2053 2054 2055 2056 2057 2064 2069 2114 Repayments by currency (in billions of euros, before swaps) EUR GBP USD JPY CHF CAD Others(2) 50/ Financing & liquidity 40% 19% 35% 2% 1% 2% 1% Stock of bonds as of 30/06/2025: €61.2bn(1) 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0 4.5
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2025 half-year results Green financing : allocation of the proceeds 51/ Financing & liquidity Issue date Instrument Maturity Nominal amount New renewable capacities Investments in hydro facilities Biodiversity projects Distribution of electricity projects Existing French nuclear reactors(1) Hinkley Point C EPR construction Nov. 2013 Bond 7.5Y 1,400M€ 1,400 - - - - - Oct. 2015 Bond 10Y 1,250M$ 1,250 - - - - - Oct. 2016 Bond 10Y 1,750M€ 1,248 502 - - - - Jan. 2017 Bond 12Y-15Y 26,000M¥ 14,021 11,979 - - - - Sept. 2020 Bond 4Y 2,400M€ 2,415 110 28 - - - Nov. 2021 Bond 12Y 1,850M€ 1,638 189 23 - - - Oct. 2022 Bond 12Y 1,250M€ - - - 1,250 - - Jul-2023 REPO Evergreen 565M€ - - - 565 - - Aug-2023 Bond 4Y-8Y 325MCHF - - - 325 - - Nov. 2023 Bond 3.5Y 1,000M€ - - - - 1,000 - May-July 2024 Bank loans 3Y-5Y 6,185M€ - - - - 6,185 - 2024 NeuCP(2) 5.5M 412M€ 36 371 5 - - - Jun. 2024 Bond 7Y-12Y-20Y 3,000M€ 750 - - 97(3) 1,000 - Sept. 2024 Bond 5Y-8Y 310MCHF 310 - - - - - Sept. 2024 Hybrid bond NC5-NC8 1,150M€ - - - - 1,150 - Sept. 2024 Hybrid bond NC11 500M£ - - - - 500 - Jan. 2025 Bond 5Y 500M$ - - - - 500 - Feb. 2025 Bond 10Y-30Y 750MCAD - - - - 750 - May 2025 Bond 7Y-12Y-20Y 2,250M€ 463(4) 537 750 500 2025 NeuMtN(2) 2Y 240M€ 52 188 - - - - (1) In relation to their lifetime extension. (2) Allocation of the maximum amount issued during the year. (3) 97M€ have financed 2023 Enedis capex, the 1,153M€ remaining are invested in SRI funds at end-2024. (4) Dedicated to refinancing of renewable power projects.
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2025 half-year results Hybrid bonds issues Hybrid bond issues contribute to strengthening the balance sheet through their qualification as equity under IFRS and 50/50 as debt and equity by rating agencies. EDF has exercised its option to redeem the hybrid notes issued on 29 January 2013 for a nominal amount of €1,250m on 29 January 2025 and has announced its intention to use the equity content resulting from the conversion of the Oceane bonds in 2023 to avoid having to refinance half of the nominal amount(2). Focus on hybrids securities (1) Exchange rate as of transaction time. (2) See press release on 18 December 2024. 496 1,338 2,235 496 1,238 647 730 897 590 1,380 2026 2027 2028 2029 2030 2031 2032 2033 2035 Hybrid debt maturity schedule based on first call date (in millions of euros) EUR GBP USD 64% 22% 14% Hybrids stock breakdown by currency Hybrid securities stock at 30 June 2025 Total amount: €10.0bn(1) Average tenor: 4.38 years Average cost: 5.38% 52/ Financing & liquidity
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2025 half-year results Comparative credit ratings Sources: rating agencies as of 23/07/2025. (1) See EDF's ratings. Rating Agency Latest changes BBB Positive 5 June 2024 Outlook revised to Positive from Stable Baa1 Stable 2 June 2023 Outlook revised to Stable from Negative (confirmed on 16 December 2024) BBB+ Negative 28 October 2024 Outlook revised to Negative from Stable Moody’s ratings Aa3 A1 A2 A3 Baa1 Baa2 Baa3 BBB- BBB BBB+ A- A A+ S&P ratings TotalEnergies EDF Engie Iberdrola SSE E.ON Enel EDP 53 BBB Positive Baa1 Stable BBB+ Negative / Financing & liquidity (1)
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ESG 5 2025 half-year results 54
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2025 half-year results Non-financial ratings (1) Sector average rating. (2) The Moody’s ESG score obtained in 2024 is valid for 2 years. 55 Climate Change ESG Risk Rating MAIN INTERNATIONAL COALITIONS of EDF Worldwide average rating 2024 RESULTS A AA 75 Range between 45-65 Top 4% 77 68(1) N°1/61 24.1 36.9(1) Top 16% (2) H1 2025 RESULTS C / ESG 55
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Environnemental and social performance 2025 half-year results CDP’s Supplier Engagement Assessment 2024 A score for EDF (earning a place on the CDP’ SEA A-List) CDP SEA assesses companies on their performance on governance, targets, Scope 3 emissions, and value chain engagement in the CDP climate change questionnaire. EDF publishes its water commitment EDF awarded the Happy Trainees label for the 10th consecutive year As a responsible user and long-standing player in water resource management, EDF is strengthening its actions to preserve this essential resource, contribute to the resilience of ecosystems, and ensure sustainable and inclusive water use. The Group’s water commitment is structured around four key pillars: Optimizing water use Strengthening the resilience of local areas where EDF operates Ensuring balanced and transparent water governance Developing internal expertise, partnerships, and awareness-raising Full document available here (in French only): EDF Water Commitment – CSR Policy (PDF) 90.9% of students recommend EDF 85.6% say they had the opportunity to learn and develop their skills during their time at EDF. / ESG Impact Score for 2025: up by 10 points vs 2024 putting EDF among top-performing companies: Top 4 % across all sectors Top 3 % within our industry It reflects ongoing efforts on environmental, social and governance and reinforces long-term commitment to a just and sustainable energy transition. EDF’s 2025 Impact Score: Strong Progress Recognized 56
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Market data 6 2025 half-year results 57
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France export balance: 37.8TWh (balance in H1 2024: 42.9TWh) Exports: 46.1TWh (50.6TWh in H1 2024) Imports: 8.3TWh (7.8TWh in H1 2024) Lower electricity generation: 271TWh (-2TWh vs H1 2024). Higher gross electricity consumption: 227.6TWh (+2TWh vs H1 2024). Decrease of exports by 10% and increase of imports by 5% vs H1 2024. France export balance in H1 2025 2025 half-year results NB: Data extracted the 08/07/2025 - source: RTE. (1) Change in export balance vs H1 2024. (2) Flow-based coupling mechanism since 21.05.2015 for CWE (France, Benelux, Germany). / Market data CWE(2) 5.3TWh 2.3TWh 0TWh 13TWh 2.4TWh 10.2TWh 0.1TWh 9.7TWh 9.6TWh +0.7TWh(1) 7.8TWh -5.6TWh(1) 0.5TWh 10.9TWh 10.5TWh -1.1TWh(1) -3TWh -0.8TWh(1) 13TWh +2TWh(1) 58
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2025 half-year results Electricity consumption in France well behind the pre-Covid and energy crisis levels (1) Data adjusted from weather effect, 29th February 2024 and interruptibility. Source: RTE (data as of 3 July 2025 subject to subsequent updates). Unadjusted electricity consumption in France reached 227.6TWh in H1 2025 (vs 225.6TWh in H1 2024). This includes 132.5TWh in Q1 2025 (vs. 128.0TWh in Q1 2024), and 95.1TWh in Q2 2025 (vs. 97.6TWh in Q2 2024). 144.1 102.2 134.2 96.3 134.0 95.5 Q1 Q2 2024 2025 Average: 2017-2018- 2019 2024 2025 Average: 2017-2018- 2019 (In TWh)(1) 59/ Market data
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0 100 200 300 400 500 600 700 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec (in €/MWh) 2022 2023 2024 2025 2026 2027 2025 half-year results Y+2 & Y+1 electricity forward prices in France for delivery years 2022 to 2027 These curves correspond to the usual hedging strategy of energy suppliers (linear hedging over 2 years ahead of the year of delivery of electricity) Y+2 Y+1 60/ Market data NB: Monthly average forward prices for a given year as seen 2 years and 1 year ahead.
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2025 half-year results France: baseload electricity daily spot prices Spot electricity prices in France averaged €66.7/MWh base load in H1 2025, up by 44% vs H1 2024. 61/ Market data (daily average in €/MWh) -25 -5 15 35 55 75 95 115 135 155 175 195 Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun 1 July 2023 - 30 June 2024 1 July 2024 - 30 June 2025 Min 15 June 2024: -€5.8/MWh Max 30 November 2023: €168.8/MWh Max 20 January 2025: €196.7/MWh Min 11 May 2025: -€5.8/MWh Source: EPEX
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Contacts: edfirteam@edf.fr service-de-presse@edf.fr 62