Press releases pg. 1

Operating profit before depreciation and amortization (EBITDA) of CEZ Group reached CZK 43 billion in the first quarter, up 7% year-on-year. This increase was mainly driven by last year's acquisition of the gas distribution company GasNet. CEZ Group has refined its outlook for all of 2025, estimating EBITDA to reach CZK 127 to 132 billion, and confirmed the outlook for adjusted net profit at CZK 25 to 29 billion. The Annual Shareholders' Meeting will be held on June 23.

Earnings before interest, taxes, depreciation and amortisation (EBITDA) amounted to CZK 137.5bn, a year-on-year increase by CZK 12.6bn. The improved EBITDA is mainly owing to the cessation of the windfall tax on production in the Czech Republic, which took away an amount of CZK 10.0bn from the 2023 performance figures. Adjusted net profit, a crucial factor determining the dividend, amounted to CZK 31.8bn, falling by CZK 3.0bn year-on-year. The current dividend policy therefore yields a dividend of CZK 35 to CZK 47 per share, which would mean a payout to shareholders of between CZK 19bn and CZK 25bn. In 2025, ČEZ Group anticipates an EBITDA between CZK 125bn to CZK 130bn, and adjusted net profit between CZK 25bn and CZK 29bn.

This year’s first investment for the CEZ Group Inven Capital fund is the German corporation Vytal, which supports the circular economy, through reusable food and beverage packages. To achieve a more sustainable approach without needless waste, it developed a unique technology platform that allows it to ensure 99% return of packaging into the system, thereby reducing emissions by up to 85% compared to disposable products. The company operates in 24 countries, working with more than 7,000 business partners, including global brands like KFC, and Pepsi. Vytal has ambitions to expand its operations primarily to major mass events in the US, and to strengthen its position as the global leader. In the last investment round, Inven Capital with NRW.Ventures backed vytal with EUR 8 million. Since Inven’s establishment, this is the 7th investment in Germany.

Gazprom must pay CEZ over one billion Czech korunas.