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Acciona Energías Renovables
Acciona Energías Renovables (ANE) investor relations material
Acciona Energías Renovables H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H1 2026 earnings summary31 Jul, 2026
Executive summary
Delivered strong H1 2026 results with infrastructure and renewables platforms performing well despite geopolitical tensions, supporting targets of ~26 TWh output, ~€1,200m EBITDA, and net debt below €3,000m by year-end.
Infrastructure backlog and pipeline reached record highs, with significant growth in concessions and water projects, especially in Brazil and the U.S.
Asset rotation remains a core strategy, with two major disposals in Spain in July expected to generate €310m asset rotation EBITDA and reduce debt by nearly €500m.
Maintained full-year guidance for EBITDA, investment cash flow, and leverage, expecting a stronger second half as asset rotation and higher power prices materialize.
Approved major battery and solar projects in Chile, Spain, U.S., and Dominican Republic, providing visibility for 2027 capacity growth.
Financial highlights
Consolidated revenues for H1 2026 were €1,288m, down 12.3% year-on-year, mainly due to lower prices and asset disposals in Spain.
Group EBITDA from operations was €388m, down 16.5% year-on-year; total EBITDA (including asset rotation) dropped 57.3%.
Net attributable profit was -€18m, compared to €455m in H1 2025; pro forma net profit including July asset sales would be €360m.
Ordinary CapEx fell 40% year-on-year to €295m, mainly for projects in South Africa, Peru, Australia, and Spain.
Net financial debt increased to €4,442m from €4,161m at year-end 2025; pro forma for July asset sales, net debt would be €3.9bn.
Outlook and guidance
Reiterated full-year 2026 guidance: ~26 TWh output, ~€1,200m EBITDA, investment cash flow €0.9–2.5bn, net leverage below 3x.
Expect stronger H2 performance, with asset rotation and higher Spanish power prices driving results and deleveraging.
High visibility for 2027 with 1,148 MW of new capacity additions already secured.
Medium-term growth target for Energía: 1.0–1.2 GW new capacity per year, with 0.4–0.5 GW asset rotation.
Effect of regulatory banding on Spanish EBITDA
MacIntyre wind farm capacity targets by year-end
Impact of Juna and Aldoga on International output
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Latest events from Acciona Energías Renovables
- Production growth and international strength offset low Spanish prices; 2026 targets reaffirmed.ANE
Q1 2026 - EBITDA climbed 38% to €1,546m, fueled by asset rotation and international growth.ANEH2 2025
- EBITDA target reaffirmed as international growth offsets lower Spanish output and prices decline.ANEQ3 2025 TU
- Net profit soared to €455M on asset sales and higher prices, with strong growth and ESG focus.ANEH1 2025
- International growth and higher prices drove Q1 gains, while asset rotation and liquidity targets held.ANEQ1 2025 TU
- Capacity and production growth offset lower prices, keeping 2024 EBITDA target within reach.ANEQ3 2024 TU
- Revenues and profit fell on low prices, but capacity and asset rotation advanced; H2 outlook positive.ANEH1 2024
- Record 2 GW capacity added, EBITDA €1,050m, but profit fell on lower Spanish prices.ANEQ4 2024
Next Acciona Energías Renovables earnings date
Q3 202612 Nov, 2026
Acciona Energías Renovables
Next Acciona Energías Renovables earnings date
Q3 202612 Nov, 2026
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