REN reports strong first-half 2026 results with increased EBITDA and net profit
EBITDA rose 10.8% to €284.2M, net profit up 42.1% to €93.4M, driven by higher domestic and international performance.
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Portuguese electricity and gas transmission system operator
ren.ptLast updated
In short: REN reported a 150.7% surge in Q1 2026 net profit, secured credit rating upgrades, and inaugurated a major 400 kV link with Spain.
EBITDA rose 10.8% to €284.2M, net profit up 42.1% to €93.4M, driven by higher domestic and international performance.
The certification was issued to G3 Go Green Gas, marking a milestone in renewable gas mobility.
Fitch upgraded REN's Issuer Default Rating to BBB+ and Senior Unsecured Debt to A-.
Electricity consumption reached 27,200 GWh, a 3.5% increase year-on-year, with 71% from renewable sources.
Company led by Rodrigo Costa explains that the improvement in net income was due to the rise in EBITDA, favorable currency effects and lower taxes.
REN ended the first half of the year with an EBITDA of 284.2 million euros, an increase of 10.8% year-on-year.
According to information released by REN, the upgrade of ratings by Fitch reflects an improvement in the financial outlook of the Portuguese listed company.
The connection is promoted by REN — Redes Energéticas Nacionais and by Red Eléctrica, a subsidiary of Redeia, responsible for the operation of the transmission networks of...
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