Endesa shoots up the result by 15% thanks to the electrical networks and charges against the Government's data center decree

Endesa is headed for a golden year thanks to the growing weight of networks in the business. The second largest Spanish electricity company has today informed the market of a profit of 1,962 million euros in the first nine months of the year, 15% more than the previous year. With these accounts, the Spanish subsidiary of Enel confirms that the ordinary result for the year will exceed 2,400 million, a goal that was already improved in July.

Networks are the main engine. Regulated activities, especially the distribution of electricity and generation in the Balearic Islands, the Canary Islands, Ceuta and Melilla, already contribute close to half of the ebitda, compared to around 40% a year ago. Distribution alone increased its gross operating result by 24.8%, to 1,747 million, thanks to the new remuneration framework in force since January and the regularization of previous years. The company has also accelerated its investment effort: it allocated 1,622 million between January and September, 19% more, and about 900 of them went to power lines, with an increase of 42%

At the regulatory level, Endesa values the development of recent months. It highlights the expansion of investment limits in networks for 2027-2030, with 10.2 billion more for distribution, and sees a recognition of the need for firm power. As evidence he cites the system operator's request to defer maintenance work and the repeated use of demand response. It also celebrates the extension of Almaraz until June 2030 and the approval of the capacity market, although the auctions are still pending.

The open front is that of data centers. The electricity company qualifies the Government's draft as "one of the most demanding regulatory frameworks" and calls for a "more proportionate" regulation so as not to lose Spain's competitive advantages, because it considers that these facilities will be key to the growth of consumption. Between dividends and share buybacks, it has returned 2.6 billion to its shareholders so far this year, and will update its objectives on Investor Day in February 2027.