ČEZ Group made a profit of CZK 27.4 billion in 2025. Record production by nuclear power plants, growth of customer segments and continuing transformation
ČEZ Group generated earnings before interest, taxes, depreciation and amortisation (EBITDA) of CZK 137.0 billion for 2025. The net profit was CZK 27.4 billion, while the adjusted net profit, which determines the dividend proposal, was CZK 28.1 billion. The profit generated and the current dividend policy indicate a dividend of CZK 31 to 42 per share, which means a total dividend of CZK 17 to 23 billion for shareholders. The results confirm the company’s stability in a period of ongoing transformation of the power industry. Production by nuclear power plants grew; for the whole year 2025 ČEZ produced a record 32.1 TWh of emission-free electricity from nuclear sources, which is 2.4 TWh more year on year. ČEZ Group expects EBITDA of CZK 103–108 billion and an adjusted net profit of CZK 27–31 billion for 2026.
“The financial results confirm ČEZ Group’s stability during the continuing transformation of the energy sector. We are succeeding in our strategy of developing customer segments, strengthening our position in distribution and expanding our activities in gas. Our nuclear power plants reached an all-time high in electricity production, surpassing the 32 TWh mark. We also slightly exceeded our expectations for EBITDA and net profit for 2025,” said Chairman and CEO Daniel Beneš.
Overall results
Last year’s operating income amounted to CZK 333.4 billion, down 3% year on year. Operating earnings before interest, taxes, depreciation and amortisation (EBITDA) were CZK 137.0 billion, down CZK 0.4 billion year on year. The year-on-year decrease in realised prices of electricity produced and lower profits from commodity trading had a negative impact. Positive contributions were mainly due to the inclusion of the GasNet acquisition in the ČEZ Group consolidated unit from September 2024, the results of electricity distribution and the Sales segment, as well as higher nuclear plant generation.
ČEZ Group’s net profit fell by CZK 1.7 billion year on year to CZK 27.4 billion, especially due to depreciation and amortisation, which was CZK 13.1 billion higher, mainly due to the integration of the GasNet acquisition into the ČEZ Group consolidated unit and the acceleration of the depreciation of coal assets from Q4 2024.
Investments (CAPEX) reached CZK 56.1 billion, meaning they were at a similar level as in 2024. In addition, another CZK 5.8 billion of investments came from subsidies mainly for strengthening distribution networks.
Ecology and sustainability
A total of 91 per cent of ČEZ Group’s earnings before interest, taxes, depreciation and amortisation (EBITDA) came from emission-free activities in 2025. The CO₂e emission intensity of electricity and heat generation in 2025 was 0.24 t CO₂e/MWh, which represents a year-on-year decrease of 9% and means that the VISION 2030 emission target for 2025 was met. Emissions of SO₂ and NOₓ fell by 17% and 7% respectively.
Electricity and gas consumption
Last year, electricity consumption in the distribution territory of ČEZ Distribuce increased by 1.3% year on year to 34.1 TWh. Seasonally and calendar-adjusted consumption rose by 0.3%. Gas consumption in GasNet’s distribution territory increased by 7% year on year to 63.3 TWh. The supply of electricity to ČEZ Prodej end customers increased by 1% year on year, while the supply of natural gas increased by 13%.
Ladislav Kříž, mluvčí ČEZ
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