|
€ Million |
1st half year 2026 |
1st half year 2025 |
|
Profit for the year |
185 |
192 |
|
Adjustments for: |
||
|
Depreciation and decommissioning |
288 |
254 |
|
Amortised contributions for installation of grids and connections |
-36 |
-20 |
|
Received contributions for installation of grids and connections |
63 |
63 |
|
Change in deferred corporate income tax |
-17 |
0 |
|
Change in non-current provisions |
1 |
1 |
|
Financial income |
-5 |
-3 |
|
Financial expenses |
56 |
36 |
|
Corporate income tax expense recognised through profit or loss |
65 |
67 |
|
Change in operational working capital excluding tax and interest |
-106 |
-32 |
|
Interest received |
0 |
0 |
|
Interest paid |
-79 |
-45 |
|
Corporate income tax paid or received |
21 |
-58 |
|
Cash flow from operating activities |
436 |
455 |
|
Investments in property, plant and equipment |
-1,050 |
-862 |
|
Investments in intangible assets |
-33 |
-27 |
|
Cash flow from investing in (in)tangible fixed assets |
-1,083 |
-889 |
|
Cash flow from operating activities and investing in (in)tangible fixed assets |
-647 |
-434 |
|
Loans granted |
-4 |
-1 |
|
Repayment of loans granted |
2 |
1 |
|
Increase in deposits1 |
-550 |
-350 |
|
Decrease in deposits1 |
753 |
300 |
|
Cash flow from other investing activities |
201 |
-50 |
|
Cash flow from investing activities |
-882 |
-939 |
|
Cash flow before financing activities |
-446 |
-484 |
|
Green bond issue |
746 |
993 |
|
Repayment green bond |
-500 |
- |
|
Increase other interest-bearing liabilities2 |
305 |
546 |
|
Repayment of other interest-bearing liabilities2 |
-55 |
-595 |
|
Repayment of lease liability |
-20 |
-16 |
|
Dividend paid |
-100 |
-127 |
|
Cash flow from financing activities |
376 |
801 |
|
Total cash flows |
-70 |
317 |
|
Cash and cash equivalents at the beginning of the financial year |
227 |
46 |
|
Cash and cash equivalents at the end of the financial year |
157 |
363 |