Consolidated income statement

€ Million

Notes

2025

2024

Revenue

1

2,959

2,596

Less: Transmission services and distribution losses

2

967

952

Other operating income

3

4

39

Balance available for operating activities

1,996

1,683

Employee benefit expenses

4

818

741

Depreciation and decommissioning

5

533

509

Costs of subcontracted work, materials and other external expenses

6

310

307

Other operating expenses

7

52

40

Capitalised expenses of own production

8

-325

-300

1,388

1,297

Operating profit

608

386

Financial income

9

7

6

Financial expenses

9

77

52

Financial income and expenses

-70

-46

Profit before tax

538

340

Income tax expenses

11

-138

-86

Profit for the year

400

254

Attributable to:

Minority shareholders

0

0

Shareholders

400

254

Average number of shares during the financial year

149,682,196

149,682,196

Profit per share1

2.67

1.70

1Stated in euros, dilution of earnings does not apply.