REN - REDES ENERGÉTICAS NACIONAIS, SGPS, S.A.

Financial Ratios REN - Redes Energéticas Nacionais, SGPS, S.A.

Stocks

RENE

PTREL0AM0008

Electric Utilities

Market Closed - Euronext Lisbonne Other stock markets 16:55:00 12/06/2026 BST			After hours 18:36:18
3.545 ^EUR	+1.29%		3.543	-0.06%

05-27	Portugal energy regulator: customers not entitled to automatic compensation for 2025 blackout	RE
05-27	Portugal's REN says regulator ERSE classifies Iberian blackout as exceptional event	RE

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Published financial data: REN - REDES ENERGÉTICAS NACIONAIS, SGPS, S.A.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues - (Utility Template)	804M	786M	948M	983M	1.05B
Other Revenues, Total	1.77M	1.43M	1.45M	8.22M	8.78M
Total Revenues	805M	787M	949M	991M	1.06B
Operations And Maintenance	20.31M	17.77M	17.06M	16.25M	20.86M
Selling General & Admin Expenses, Total	1.21M	1.08M	1.2M	1.15M	1.2M
Depreciation & Amortization - (IS) - (Collected)	242M	249M	253M	255M	267M
Provision for Bad Debts	-	-	-	-	-
Other Operating Expenses	347M	308M	443M	503M	553M
Total Operating Expenses	610M	576M	714M	775M	842M
Operating Income (REIT / Utility Template)	195M	211M	235M	216M	218M
Interest Expense, Total	-45.83M	-49.22M	-65.96M	-81.34M	-61.53M
Interest and Investment Income	10.9M	16.64M	36.96M	30.38M	26.16M
Net Interest Expenses	-34.93M	-32.58M	-29M	-50.96M	-35.38M
Income (Loss) on Equity Invest.	6.43M	11.81M	12.85M	11.83M	11.47M
Currency Exchange Gains (Loss)	-2.32M	1.05M	-3.07M	-1.31M	4.62M
Other Non Operating Income (Expenses)	13.39M	4.14M	7.76M	14.52M	8.66M
EBT, Excl. Unusual Items	178M	195M	224M	190M	207M
Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-377K	-377K	-377K	-	-
Gain (Loss) on Sale of Investments	-	-	-	-	-
Gain (Loss) on Sale of Assets	-	-	-	-	-
Asset Writedown	-936K	-1.06M	-3.1M	61K	-2.42M
Legal Settlements	-	-	-	-	-
Other Unusual Items	-27.04M	-28.02M	-28.36M	-22.69M	-28.46M
EBT, Incl. Unusual Items	149M	166M	192M	168M	176M
Income Tax Expense	52.08M	54.26M	42.66M	15.01M	16.41M
Earnings From Continuing Operations	97.15M	112M	149M	153M	160M
Net Income to Company	97.15M	112M	149M	153M	160M
Net Income - (IS)	97.15M	112M	149M	153M	160M
Net Income to Common Incl Extra Items	97.15M	112M	149M	153M	160M
Net Income to Common Excl. Extra Items	97.15M	112M	149M	153M	160M
Per Share Items
Net EPS - Basic	0.15	0.17	0.22	0.23	0.24
Basic EPS - Continuing Operations	0.15	0.17	0.22	0.23	0.24
Basic Weighted Average Shares Outstanding	663M	663M	663M	663M	663M
Net EPS - Diluted	0.15	0.17	0.22	0.23	0.24
Diluted EPS - Continuing Operations	0.15	0.17	0.22	0.23	0.24
Diluted Weighted Average Shares Outstanding	663M	663M	663M	663M	663M
Normalized Basic EPS	0.17	0.18	0.21	0.18	0.2
Normalized Diluted EPS	0.17	0.18	0.21	0.18	0.2
Dividend Per Share	0.15	0.15	0.15	0.16	0.16
Payout Ratio	116.75	129.37	68.45	66.98	65.16
American Depositary Receipts Ratio (ADR)	2	2	2	2	2
Supplemental Items
Utility Revenues	557M	578M	643M	619M	639M
Non Utility Revenues	282M	246M	348M	413M	469M
EBITDA	437M	460M	488M	471M	485M
EBITA	195M	457M	235M	467M	479M
EBIT	195M	211M	235M	216M	218M
Total Revenues (As Reported)	838M	825M	991M	1.03B	1.11B
Effective Tax Rate - (Ratio)	34.9	32.68	22.23	8.96	9.31
Total Current Taxes	103M	48.45M	20.18M	8.96M	44.62M
Total Deferred Taxes	-48.1M	8.89M	24.16M	6.01M	-20.26M
Normalized Net Income	111M	122M	140M	119M	129M
Interest Capitalized	3.53M	2.79M	5.58M	7.38M	5.71M
Interest on Long-Term Debt	34.09M	40.95M	33.21M	36.7M	25.45M
Non-Cash Pension Expense	527K	1.08M	2.43M	2.45M	2.39M
Supplemental Operating Expense Items
Advertising Expense	1.21M	1.08M	1.2M	1.15M	1.2M
Selling and Marketing Expenses	1.21M	1.08M	1.2M	1.15M	1.2M
Maintenance & Repair Expenses, Total	20.31M	17.77M	17.06M	16.25M	20.86M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	399M	365M	40.14M	40.48M	26.58M
Trading Asset Securities, Total	-	-	8.62M	1.55M	-
Accounts Receivable, Total	354M	227M	358M	391M	257M
Other Receivables	20.26M	66.21M	75.84M	444K	12.58M
Accounts Receivable (Summary Subtotal)	375M	293M	433M	391M	269M
Inventory - (Utility Template)	8.54M	5.13M	7.19M	2.54M	2.4M
Other Current Assets, Total	74.12M	1.05B	542M	97.01M	60.44M
Total Current Assets	856M	1.71B	1.03B	533M	359M
Gross Property Plant And Equipment	126M	139M	135M	139M	172M
Accumulated Depreciation	-6.24M	-10.96M	-13.44M	-15.44M	-19.94M
Net Property Plant And Equipment	120M	128M	121M	124M	152M
Regulatory Assets	35.25M	52.39M	90.92M	74.05M	44.88M
Goodwill	4.76M	4.52M	2.77M	2.27M	12.61M
Other Intangibles, Total	4.12B	4.08B	4.12B	4.22B	4.45B
Long-Term Investments - (Utility Template)	345M	407M	353M	349M	308M
Accounts Receivable Long-Term	1.78M	3.28M	2.29M	574K	573K
Deferred Tax Assets Long-Term (Collected)	96.67M	69.8M	53.44M	47.61M	46.22M
Other Long-Term Assets, Total	6.07M	179K	6.16M	6.02M	5.97M
Total Assets	5.59B	6.45B	5.78B	5.36B	5.38B
Liabilities
Accounts Payable, Total	252M	219M	352M	194M	150M
Accrued Expenses, Total	32.11M	25.54M	6.58M	69.02M	36.08M
Short-Term Borrowings	-	-	-	500K	942K
Current Portion of Long-Term Debt	374M	638M	718M	915M	992M
Current Portion of Leases	1.48M	1.43M	1.72M	2.19M	1.92M
Current Income Taxes Payable	26.64M	-	18.85M	2.09M	32.9M
Unearned Revenue, Current	19.77M	28.91M	36.81M	49.72M	44.16M
Other Current Liabilities - (Bank / Utility Template)	341M	1.61B	387M	157M	215M
Total Current Liabilities	1.05B	2.52B	1.52B	1.39B	1.47B
Long-Term Debt	2.41B	1.77B	2.07B	1.64B	1.55B
Long-Term Leases	2.73M	2.42M	3.28M	4.48M	3.28M
Unearned Revenue Non Current	303M	342M	423M	523M	598M
Pension & Other Post Retirement Benefits	94.11M	64.94M	75.86M	72.85M	71.56M
Deferred Tax Liability Non-Current	108M	115M	108M	104M	89.22M
Other Non Current Liabilities, Total	213M	119M	67.26M	67.18M	74.07M
Total Liabilities	4.18B	4.93B	4.27B	3.8B	3.86B
Common Stock, Total	667M	667M	667M	667M	667M
Additional Paid In Capital	117M	117M	117M	117M	117M
Retained Earnings	461M	489M	529M	582M	597M
Treasury Stock	-10.73M	-10.73M	-10.73M	-10.73M	-10.73M
Comprehensive Income and Other	176M	255M	210M	197M	154M
Total Common Equity	1.41B	1.52B	1.51B	1.55B	1.52B
Total Equity	1.41B	1.52B	1.51B	1.55B	1.52B
Total Liabilities And Equity	5.59B	6.45B	5.78B	5.36B	5.38B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	663M	663M	663M	663M	663M
ECS Total Common Shares Outstanding	663M	663M	663M	663M	663M
Book Value / Share	2.13	2.29	2.28	2.34	2.3
Tangible Book Value	-2.72B	-2.56B	-2.61B	-2.67B	-2.94B
Tangible Book Value Per Share	-4.1	-3.87	-3.94	-4.03	-4.44
Total Debt	2.79B	2.41B	2.79B	2.57B	2.55B
Net Debt	2.39B	2.04B	2.75B	2.52B	2.52B
Debt Equivalent of Unfunded Proj. Benefit Obligation	94.11M	64.94M	75.85M	72.85M	71.56M
Equity Method Investments, Total	169M	181M	172M	182M	161M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	8.55M	5.13M	-	-	-
Inventories - Finished Goods, Total	-	-	-	-	-
Buildings, Total	1.21M	-	-	-	-
Machinery, Total	94.63M	123M	116M	113M	137M
Full Time Employees	697	716	743	769	787
Accumulated Allowance for Doubtful Accounts (Supple)	2.95M	2.9M	4.2M	3.41M	3.33M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	97.15M	112M	149M	153M	160M
Depreciation, Depletion & Amortization	242M	3.63M	253M	4.05M	5.27M
Amortization of Goodwill and Intangible Assets - (CF)	-	246M	-	251M	262M
Total Depreciation, Depletion & Amortization	242M	249M	253M	255M	267M
Other Operating Activities	361M	252M	-772M	214M	116M
Cash from Operations	700M	613M	-370M	621M	543M
Capital Expenditure	-4.84M	-6.27M	-5.13M	-11.34M	-21.62M
Sale of Property, Plant, and Equipment	-	-	-	3K	-
Cash Acquisitions	-	-	-	-	-116M
Purchase / Sale of Intangible Assets	-197M	-202M	-245M	-288M	-362M
Investment in Marketable and Equity Securities, Total	184K	21.94M	-5.77M	400K	180K
Other Investing Activities, Total	41.75M	83.89M	91.01M	81.82M	126M
Cash from Investing	-160M	-102M	-164M	-217M	-374M
Long-Term Debt Issued, Total	2.04B	1.16B	3.76B	6.27B	6.45B
Total Debt Issued	2.04B	1.16B	3.76B	6.27B	6.45B
Long-Term Debt Repaid, Total	-2.08B	-1.53B	-3.38B	-6.49B	-6.45B
Total Debt Repaid	-2.08B	-1.53B	-3.38B	-6.49B	-6.45B
Issuance of Common Stock	-	-	-	-	-
Common Dividends Paid	-113M	-145M	-102M	-102M	-104M
Common & Preferred Stock Dividends Paid	-113M	-145M	-102M	-102M	-104M
Other Financing Activities, Total	-39.75M	-40.57M	-61.78M	-83.5M	-70.67M
Cash from Financing	-202M	-546M	212M	-402M	-180M
Foreign Exchange Rate Adjustments	-1.22M	716K	-2.31M	-1.98M	-3.58M
Miscellaneous Cash Flow Adjustments	-	-	-	-	-
Net Change in Cash	338M	-33.47M	-325M	-167K	-14.34M
Supplemental Items
Cash Interest Paid	39.75M	40.57M	65.22M	70.55M	71.37M
Cash Income Tax Paid (Refund)	74.25M	77.97M	31.37M	-20.75M	10.62M
Net Debt Issued / Repaid	-48.38M	-360M	375M	-216M	-5.14M
Levered Free Cash Flow	436M	470M	-613M	200M	147M
Unlevered Free Cash Flow	464M	501M	-572M	251M	186M
Change In Net Working Capital	-302M	-327M	722M	-161M	-166M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	2.25	2.19	2.4	2.42	2.53
Return on Total Capital	2.88	3.25	3.57	3.21	3.32
Return On Equity %	6.9	7.64	9.85	9.96	10.39
Return on Common Equity	6.9	7.64	9.85	9.96	10.39
Margin Analysis
Gross Profit Margin %	62.75	67.29	59.65	55.98	53.66
SG&A Margin	7.12	7.57	6.87	6.94	6.84
EBITDA Margin %	54.26	58.49	51.44	47.5	45.73
EBITA Margin %	24.22	58.03	24.77	47.09	45.23
EBIT Margin %	24.22	26.82	24.77	21.8	20.54
Income From Continuing Operations Margin %	12.06	14.2	15.72	15.39	15.08
Net Income Margin %	12.06	14.2	15.72	15.39	15.08
Net Avail. For Common Margin %	12.06	14.2	15.72	15.39	15.08
Normalized Net Income Margin	13.78	15.52	14.73	11.99	12.21
Levered Free Cash Flow Margin	54.12	59.72	-64.58	20.21	13.89
Unlevered Free Cash Flow Margin	57.68	63.63	-60.24	25.34	17.52
Asset Turnover
Asset Turnover	0.15	0.13	0.16	0.18	0.2
Fixed Assets Turnover	6.53	6.36	7.63	8.1	7.69
Receivables Turnover (Average Receivables)	2.78	2.7	3.24	2.63	3.25
Inventory Turnover (Average Inventory)	54.56	37.64	62.15	89.68	199.1
Short Term Liquidity
Current Ratio	0.82	0.68	0.68	0.38	0.24
Quick Ratio	0.74	0.26	0.32	0.31	0.2
Operating Cash Flow to Current Liabilities	0.67	0.24	-0.24	0.45	0.37
Days Sales Outstanding (Average Receivables)	131.24	134.97	112.52	139.4	112.43
Days Outstanding Inventory (Average Inventory)	6.69	9.7	5.87	4.08	1.83
Average Days Payable Outstanding	248.45	338.52	270.68	231.31	127.7
Cash Conversion Cycle (Average Days)	-110.52	-193.85	-152.29	-87.83	-13.44
Long Term Solvency
Total Debt/Equity	197.84	158.66	184.79	165.35	167.21
Total Debt / Total Capital	66.42	61.34	64.89	62.31	62.58
LT Debt/Equity	171.22	116.56	137.21	106.2	101.95
Long-Term Debt / Total Capital	57.49	45.06	48.18	40.02	38.15
Total Liabilities / Total Assets	74.77	76.48	73.85	71.03	71.69
EBIT / Interest Expense	4.26	4.29	3.57	2.66	3.54
EBITDA / Interest Expense	9.53	9.35	7.4	5.79	7.88
(EBITDA - Capex) / Interest Expense	9.43	9.23	7.33	5.65	7.53
Total Debt / EBITDA	6.38	5.23	5.72	5.45	5.26
Net Debt / EBITDA	5.47	4.44	5.62	5.36	5.2
Total Debt / (EBITDA - Capex)	6.45	5.3	5.78	5.59	5.5
Net Debt / (EBITDA - Capex)	5.53	4.5	5.68	5.49	5.45
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	11.03	-2.26	20.62	4.39	6.95
Gross Profit, 1 Yr. Growth %	-1.77	4.81	6.91	-2.05	2.53
EBITDA, 1 Yr. Growth %	-1.46	5.35	6.09	-3.61	2.96
EBITA, 1 Yr. Growth %	-3.58	5.35	11.42	-3.56	2.73
EBIT, 1 Yr. Growth %	-3.58	8.23	11.42	-8.12	0.77
Earnings From Cont. Operations, 1 Yr. Growth %	-11.07	15.05	33.52	2.2	4.79
Net Income, 1 Yr. Growth %	-11.07	15.05	33.52	2.2	4.79
Diluted EPS Before Extra, 1 Yr. Growth %	-11.07	15.05	33.52	2.2	4.79
Normalized Net Income, 1 Yr. Growth %	-2.49	10.08	14.44	-15.01	8.92
Net Property, Plant and Equip., 1 Yr. Growth %	-5.95	6.91	-5.25	2.04	23.11
Inventory, 1 Yr. Growth %	248.78	-39.92	40.11	-64.72	-5.6
Accounts Receivable, 1 Yr. Growth %	58.44	-35.99	57.7	9.35	-34.39
Total Assets, 1 Yr. Growth %	6.48	15.44	-10.38	-7.36	0.51
Tangible Book Value, 1 Yr. Growth %	-0.38	-5.65	1.83	2.29	10.19
Cash From Operations, 1 Yr. Growth %	86.05	-12.37	-160.31	-267.84	-12.6
Capital Expenditures, 1 Yr. Growth %	-65.39	29.46	-18.1	120.99	90.66
Levered Free Cash Flow, 1 Yr. Growth %	478.35	7.85	-230.43	-132.68	-26.49
Unlevered Free Cash Flow, 1 Yr. Growth %	319.63	7.82	-214.19	-143.92	-26.06
Dividend Per Share, 1 Yr. Growth %	-9.94	0	0	1.95	1.91
Common Equity, 1 Yr. Growth %	0.15	7.64	-0.36	2.63	-1.78
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	3.43	4.17	8.57	12.21	5.66
Gross Profit, 2 Yr. CAGR %	-2.14	1.46	5.85	2.34	0.22
EBITDA, 2 Yr. CAGR %	-2.66	1.89	5.72	1.13	-0.38
EBITA, 2 Yr. CAGR %	-7.01	50.27	-26.35	48.7	-0.47
EBIT, 2 Yr. CAGR %	-7.01	2.15	9.81	1.18	-3.78
Earnings From Cont. Operations, 2 Yr. CAGR %	-9.61	1.15	23.94	16.81	3.48
Net Income, 2 Yr. CAGR %	-9.61	1.15	23.94	16.81	3.48
Diluted EPS Before Extra, 2 Yr. CAGR %	-9.61	1.15	23.94	16.81	3.48
Normalized Net Income, 2 Yr. CAGR %	-5.8	3.61	12.24	-1.38	-3.78
Net Property, Plant and Equip., 2 Yr. CAGR %	-2.46	0.27	0.65	-1.67	12.08
Inventory, 2 Yr. CAGR %	47.66	44.76	-8.25	-29.69	-42.29
Accounts Receivable, 2 Yr. CAGR %	29.05	0.71	0.47	31.32	-15.3
Total Assets, 2 Yr. CAGR %	2.63	10.87	1.72	-8.88	-3.5
Common Equity, 2 Yr. CAGR %	-1.26	3.83	3.56	1.13	0.4
Tangible Book Value, 2 Yr. CAGR %	-1.03	-3.05	-1.98	2.06	6.17
Cash From Operations, 2 Yr. CAGR %	42.62	27.69	-27.3	0.61	21.11
Capital Expenditures, 2 Yr. CAGR %	-4.25	-33.06	2.97	34.53	105.26
Levered Free Cash Flow, 2 Yr. CAGR %	45.96	149.75	18.6	-34.71	-50.99
Unlevered Free Cash Flow, 2 Yr. CAGR %	38.09	112.71	10.96	-29.18	-43.01
Dividend Per Share, 2 Yr. CAGR %	-5.1	-5.1	0	0.97	1.93
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	5.21	1.5	9.39	7.16	10.43
Gross Profit, 3 Yr. CAGR %	-1.57	0.12	3.25	3.16	2.41
EBITDA, 3 Yr. CAGR %	-2.1	-0.06	3.27	2.51	1.73
EBITA, 3 Yr. CAGR %	-5.44	26.52	5.15	2.49	31.45
EBIT, 3 Yr. CAGR %	-5.44	-2.19	5.15	3.48	1.04
Earnings From Cont. Operations, 3 Yr. CAGR %	-5.66	-2.04	10.96	16.22	12.66
Net Income, 3 Yr. CAGR %	-5.66	-2.04	10.96	16.22	12.66
Diluted EPS Before Extra, 3 Yr. CAGR %	-5.66	-2.04	10.96	16.22	12.66
Normalized Net Income, 3 Yr. CAGR %	-3.28	-0.78	7.1	2.3	1.94
Net Property, Plant and Equip., 3 Yr. CAGR %	497.31	0.57	-1.6	1.11	5.98
Inventory, 3 Yr. CAGR %	59.78	9.42	43.19	-33.28	-22.43
Accounts Receivable, 3 Yr. CAGR %	6.7	2.15	16.95	3.35	4.2
Total Assets, 3 Yr. CAGR %	2.49	6.74	3.28	-1.4	-5.85
Common Equity, 3 Yr. CAGR %	-1.25	1.62	2.41	3.25	0.15
Tangible Book Value, 3 Yr. CAGR %	-0.18	-2.59	-1.45	-0.58	4.7
Cash From Operations, 3 Yr. CAGR %	20.97	21.25	-0.56	-3.92	-4
Capital Expenditures, 3 Yr. CAGR %	214.22	5.88	-28.41	32.82	51.12
Levered Free Cash Flow, 3 Yr. CAGR %	31.96	31.96	101.12	-22.82	-32.08
Unlevered Free Cash Flow, 3 Yr. CAGR %	26.24	27.16	72.87	-18.53	-28.15
Dividend Per Share, 3 Yr. CAGR %	-3.43	-3.43	-3.43	0.65	1.28
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	2.32	1.87	6.54	5.65	7.88
Gross Profit, 5 Yr. CAGR %	-0.53	0.14	1.33	1.01	2.03
EBITDA, 5 Yr. CAGR %	-0.91	-0.21	0.95	0.41	1.8
EBITA, 5 Yr. CAGR %	-15.66	13.42	0.39	15.66	18.84
EBIT, 5 Yr. CAGR %	-4.27	-2.8	0.39	-0.85	1.48
Earnings From Cont. Operations, 5 Yr. CAGR %	-0.61	-2.36	5.22	5.11	7.9
Net Income, 5 Yr. CAGR %	-0.61	-2.36	5.22	5.11	7.9
Diluted EPS Before Extra, 5 Yr. CAGR %	-4.97	-2.36	5.22	5.11	7.9
Normalized Net Income, 5 Yr. CAGR %	-0.46	-0.97	2.65	-1.02	2.61
Net Property, Plant and Equip., 5 Yr. CAGR %	190.49	108.72	192.98	-0.33	3.66
Inventory, 5 Yr. CAGR %	52.74	11.66	27.98	-8.32	-0.44
Accounts Receivable, 5 Yr. CAGR %	4.11	-10.44	4.16	12.95	2.79
Total Assets, 5 Yr. CAGR %	4.2	3.76	2.18	0.19	0.51
Common Equity, 5 Yr. CAGR %	3.99	1.21	0.65	1.42	1.6
Tangible Book Value, 5 Yr. CAGR %	0.36	-2.4	-0.9	-0.76	1.53
Cash From Operations, 5 Yr. CAGR %	17.34	5.07	-1.32	12.53	7.6
Capital Expenditures, 5 Yr. CAGR %	199.75	85.54	101.11	16.53	9.11
Levered Free Cash Flow, 5 Yr. CAGR %	194.41	15.5	26.45	-0.42	14.34
Unlevered Free Cash Flow, 5 Yr. CAGR %	52.12	12.83	19.89	0.62	10.91
Dividend Per Share, 5 Yr. CAGR %	-2.07	-2.07	-2.07	-1.69	-1.32