2026 half-year results

Robust operational performance
Increase in French nuclear output
Positive cash flow, keeping net financial debt stable

Performance supported by the higher nuclear power output in France

Electricity output: 262.1TWh (including 189.9TWh of nuclear in France)

Sales: €57.4 bn
EBITDA: €14.1 bn
Net income - Group share: €5.2 bn

Operating cash flow: €2.6 bn
Net Financial Debt: €51.5 bn
NFD / EBITDA: 1.8x

At its meeting of 30 July 2026 chaired by Bernard Fontana, EDF’s Board of Directors approved the consolidated half-year financial statements at 30 June 2026.
Chairman and Chief Executive Officer of EDF Bernard Fontana said: “The operational and financial results for the first half of 2026 are as anticipated. They reflect the Group’s mobilisation for customer satisfaction, electrification of uses and sustainably enhanced operational performance, with a rise in output, particularly of nuclear generation in France which was up by 8TWh this half-year. For our 80th anniversary we are allocating €350 M to accelerate electrification in homes and buildings, transport, and industry. EDF’s drive to make low-carbon solutions more widely accessible and support industrial and regional electrification projects is making a practical contribution to competitivity, sovereignty and decarbonisation for our economy. We are investing in our industrial facilities and stepping up the rollout of our climate change adaptation plan, while continuing to develop personnel skills and training. All these actions are moving forward with a constant focus on operational performance and the company’s financial trajectory. My thanks go out to all the teams in the Group, and our partners, for their dedication. We are proud to be part of EDF’s 80-year history and are fully committed for the decades to come.”

Outlook
2026 EBITDA expected to decrease by around 10 % vs. 2025 in an environment notably marked by lower market price and heatwaves.
Nuclear power output in France estimated at 350-370TWh for 2026 and 2027, and 345-375TWh for 2028, with target generation potential of over 400TWh.

2027 targets confirmed ⁽¹⁾
Net Financial Debt / EBITDA: ≤ 2.5x
Adjusted economic debt / adjusted EBITDA ⁽²⁾: ≤ 4x

Financial results

EBITDA

EBITDA stands at €14.1 bn vs. €15.5 bn in H1 2025 in a period of falling market prices and a robust operational performance, including higher nuclear output in France.

Financial result

The financial result is up by €1.5 bn to €0.2 bn due to:

the stronger performance by the dedicated asset portfolio (5.9% vs. 1.9% in H1 2025) sustained by more favourable equity markets in 2026 (estimated impact of +€1.7 bn);
active debt management, stabilising the cost of gross financial debt at €1.7 bn.

Net income

Net income excluding non-recurring items is €4.0 bn vs. €5.5 bn in H1 2025, principally due to the lower EBITDA.

The Group’s share of net income is €5.2 bn vs €5.5 bn in H1 2025, mainly reflecting the after-tax change of €1.1 bn in the fair value of financial instruments (essentially dedicated assets) which is classified as a non-recurring item.

Operating cash flow

The operating cash flow of €2.6 bn essentially results from cash generated by the regulated and unregulated activities in France.
Working capital requirement is down by €2.5 bn, mainly as a result of:

a €3.0 bn improvement reflecting the seasonal decrease in trade receivables (in volume and price);
a €0.6 bn decline relating to a shortfall in compensation for charges under the CSPE mechanism.

Net investments total €11.4 bn, stable compared to H1 2025. Investments principally concerned the Grand Carénage industrial refurbishment programme to extend the French reactors’ lifespans and climate events resilience, the Hinkley Point C project and the EPR2 programme, plus network expansion and climate change adaptation.

Cash flow

Cash flow amounts to €1.1 bn vs. €4.3 bn in H1 2025, when EDF distributed a share premium of €2 bn to the French State. The €1 bn dividend for the year 2025 was paid on 30 July 2026.

Net financial debt ⁽³⁾

Net financial debt stands at €51.5 bn, stable vs. end-2025. EDF issued more than €5.1 bn of bonds during H1 2026, including €2.75 bn of green bonds to finance extension of nuclear reactor lifespans in France and the Hinkley Point C project.

Operational performance and highlights

The EDF group is supporting customer electrification:

For its 80th anniversary, EDF has reinforced its commitment to electrification, investing €350 M to accelerate electrification of uses with a focus on 3 key pillars: homes and buildings, for easier access to low-carbon heating and cooling solutions; transport, for heavy transport’s transition to electricity; and industry, for faster installation of new consumers and faster electrification of industrial processes.
A range of electricity contracts suitable for all types of use
- Long-term contracts for up to 21TWh a year signed at end-June, as well as the amendment with Exeltium,
- Launch of the Zen Estival market-price contract for residential customers offering 7 hours of super-off-peak power per day in summer
Dalkia, a force for electrification and low-carbon heat
- Winner of an EU call for projects for 13 industrial electric heat supply systems
- New heat network concessions secured, including the Paris district heating concession (5TWh a year) as a member of a consortium and 3 projects involving deep geothermal energy
A step up in energy services
- Launch of 2 energy service subsidiaries: IZI by EDF for residential customers, and EDF business services for companies and local authorities
- Nearly 430,000 electric vehicle charging points installed or managed at end-June 2026
Installation support for datacentres
- Calls for expressions of interest issued for the installation of datacentres at 6 EDF sites covering total capacity of over 2GW at end-July 2026, including 500MW for Creys-Mépieu (call launched on 3 July 2026)

Power generation and sovereignty:

Nuclear power output up by 4.2TWh to 206.5TWh thanks to the 8TWh increase in French nuclear generation. This reflects the good availability of reactors in operation, well-managed reactor outages, and continued high modulation (13.3TWh ⁽⁴⁾).
Hydropower output stable at 26TWh ⁽⁵⁾ thanks to good plant availability.
Wind and solar power output up by 6% to 17TWh, largely due to new installed capacities and more favourable wind conditions.
The portfolio of wind, solar and hydro projects stands at almost 114GW gross.
With its 95% carbon-free electricity output, EDF has one of the lowest carbon intensities in the world at 26.5gCO₂/kWh, including 4.1gCO₂/kWh for EDF SA in mainland France. Low-carbon power generation contributed to France’s record exports of 51TWh.
Action for a secure supply chain
- Acquisition by Framatome of Sebim (former Trillium Flow Technologies), a specialist designer and producer of safety valves for the nuclear fleet and new nuclear projects
- Conversion of Framatome’s Jeumont plant to handle serial production of critical equipment for the future EPR2s
- Announcement of a new dedicated Arabelle Solutions plant specifically to make parts for the EPR2 programme

Ongoing development of low-carbon projects:

EDF is mobilised for success in its nuclear projects:
- EPR2: Framatome’s new vessel internals production workshop now in operation; the application for authorisation to create the Gravelines plant has been filed; the European Commission began its in-depth State aid investigation.
- Hinkley Point C: installation of the second reactor vessel and progress on the MEH programme
- Grand Carénage: start of the 4^th 10-year inspections of 1,300MW reactors and replacement of steam generators for Flamanville 2; studies in progress for the 5^th 10-year inspections as preparations are made to extend reactor operating lifespan to 60 years

Developments in hydropower:
- New law adopted in France to introduce a permit-based system and revitalise investments
- Work has continued on the pumped-storage plant (Vouglans-Saut Mortier - 84MW)
EDF is advancing its renewable energy projects:
- 1.5GW gross of new capacity commissioned, including 126MW in France
- Repowering by Edison of wind farms in Italy’s Abruzzo region (-73% fewer wind turbines, generation capacity doubled)

Climate change adaptation

Resilience in the generation fleet
- Adaptation plan: €8.7 bn by 2040 for adapting nuclear, hydropower and island activities to weather events, including studies to develop Civaux-style water cooling systems for other reactors. The EPR2 design takes account of climate change considerations across its entire lifespan. EDF Hydro has introduced procedures for responding to needs for low water support measures in the regions
- Heatwaves in 2026: in compliance with French environmental regulations, 3 reactors were temporarily shut down and 9 were put on reduced-power operation at the height of the June and July heatwaves, but generation levels remained sufficient to meet demand (with an average 10GW exported per day)
Resilience in the Enedis network
- Adaptation plan: €15 bn by 2040, primarily to cover renovation of 15,000km a year by 2030 to adapt networks to the effects of climate change, including during exceptional situations
- Heatwaves in 2026: over 1,000 Enedis technicians and partner company employees mobilised in June, and activation of the Rapid Response Electricity Task Force “FIRE”

Networks that actively serve the energy transition:

Connections by Enedis ⁽⁶⁾: 6,000 points of delivery, serving 260,000 electric vehicle charging points, over 60,000 renewable energy installations (3.4GW), and 6GW for consumers (vs. 4.5GW in H1 2025)
Connection times halved compared to 2023 in French overseas territories and Corsica, with good customer satisfaction
Network quality: the average duration of power cuts at Enedis (excluding exceptional events - B HIX criterion) has improved slightly to 30 minutes.
10 minutes shaved off the average outage time vs H1 2025 in French overseas territories and Corsica, to 130 minutes (excluding exceptional events - B HIX criterion), thanks to a proactive investment policy

EDF is meeting growing needs for flexibility in the electricity system:

Increasing production flexibility: pumped-storage hydro output up by 14%, modulation potential up by 9.3GW in renewables subject to purchase obligations
Rolling out flexibility offerings for customers: +19% of controllable EV charging points
Expansion of storage facilities: commissioning of new installations has accelerated, including the Stockage Energie Catalan project combining battery storage (20MW) with run-of-river hydropower (8MW), and the launch of Corsica’s first pumped-storage hydropower plant (30MW)
Reinforcing island energy autonomy: repowering of the Sainte Rose wind farm on Réunion island has multiplied power output sixfold, with coupling to a battery storage system (4.6MW)

Financial results by segment:

EBITDA

(in millions of euros)	H1 2025	H1 2026	Organic change
France - Generation and supply	7,327	6,228	-15.4%
France - Regulated activities	4,112	4,054	-1.4%
EDF power solutions	611	662	10.5%
Dalkia	249	273	18.1%
Industry and services	86	177	96.5%
United Kingdom	1,334	1,062	-17.5%
Italy	743	606	-16.3%
Other	1,008	1,042	0.9%
Group total	15,470	14,104	-8.7%

Sales are presented below by segment, before elimination of inter-segment operations.

France – Generation and Supply

(in millions of euros)	H1 2025	H1 2026	Organic change
Sales	22,216	20,792	-7.0%
EBITDA	7,327	6,228	-15.4%

EBITDA is down due to lower market prices (-€1.0 bn).
The 8TWh increase in nuclear output made a slight contribution (€0.4 bn) to EBITDA; this effect is partly offset by the decline in hydropower output (-€0.1 bn).
The tax on Basic Nuclear Installations for 2026 was also higher, by €0.6 bn.

France – Regulated activities ⁽⁷⁾

(in millions of euros)	H1 2025	H1 2026	Organic change
Sales	11,398	11,239	-1.4%
EBITDA	4,112	4,054	-1.4%
- Enedis	3,559	3,509	-1.4%

The slight decline in EBITDA is mainly explained by a downturn in volumes delivered, due to higher average temperatures. Weather events, particularly the storms at the beginning of the year, also drove expenses up.

EDF power solutions

(in millions of euros)	H1 2025	H1 2026	Organic change
Sales	2,670	2,625	-1.0%
EBITDA	611	662	10.5%
- EDF power solutions SA ⁽⁸⁾	380	429	16.3%
- Belgium	258	253	-1.9%

The increase in EBITDA for EDF power solutions SA is primarily explained by portfolio turnover, particularly given the significant disposals of power plants in the United States, and higher output.
The forthcoming sale of EDF power solutions’ operations in the United States and Canada has been announced, for an equity value of approximately $4.2 bn, plus price supplements of up to $0.39 bn.

In Belgium, the slight downturn in EBITDA is explained by a lower level of nuclear power output, reflecting scheduled outages for 3 reactors and the permanent shutdown of Tihange 1, counterbalanced by good optimisation of balancing costs.

Dalkia

(in millions of euros)	H1 2025	H1 2026	Organic change
Sales	3,077	3,084	2.3%
EBITDA	249	273	18.1%

The rise in Dalkia’s EBITDA is attributable to the sales performance and decarbonisation work for buildings, heat networks and industry, to support customers as they electrify their installations and make them more energy-efficient.

Industry and services

(in millions of euros)	H1 2025	H1 2026	Organic change
Sales	2,925	3,334	14.0%
EBITDA	86	177	96.5%
EBITDA for Framatome	331	431	27.8%
- Framatome’s contribution to EDF group EBITDA	135	213	51.5%

Growth in the Installed Base and Fuel businesses in the United States explains the increase in Framatome’s contribution to Group EBITDA. The ramp-up in component production for the EPR2 programme was another factor in the rise in Framatome’s EBITDA. Order intake totalled approximately €2.7 bn at end-June 2026.

EBITDA for Arabelle Solutions amounts to €14 M (a - €36 M contribution to Group EBITDA).

United Kingdom

(in millions of euros)	H1 2025	H1 2026	Organic change
Sales	8,646	7,960	-5.1%
EBITDA	1,334	1,062	-17.5%

The decline in EBITDA is explained by the 1.7TWh decrease in nuclear power output due to a larger number of unscheduled outages, and the impact of lower market prices on realised nuclear prices.

To extend the lifespan of the Sizewell B reactor from 2035 to 2055, an agreement was signed with the UK government on the terms of a Contract for Difference covering that period at the strike price of £70.50/MWh (in 2025 prices). EDF plans to invest £800 million by 2035 to implement this extension.

Italy

(in millions of euros)	H1 2025	H1 2026	Organic change
Sales	9,316	8,820	-4.6%
EBITDA	743	606	-16.3%

The decrease in EBITDA in Italy is attributable to the electricity generation business, particularly a substantial downturn in hydropower output due to low rainfall.

In the sales businesses, margins declined in a context of regulatory and competitive pressures.

In the gas businesses, margins were slightly lower, as the effect of Qatar Energy’s force majeure notices concerning their deliveries since early April was partly compensated by gas deliveries from other suppliers.

Other

(in millions of euros)	H1 2025	H1 2026	Organic change
Sales	3,137	3,294	4.4%
EBITDA	1,008	1,042	0.9%
- gas activities	407	57	-86.0%
- EDF Trading	569	972	66.3%

The decrease in EBITDA for the gas activities is explained by operations in 2025 that had no equivalent in 2026, particularly optimisation of positions taken in the contract with the Dunkirk terminal.

With the end of the ARENH mechanism, the significant increase in gas prices and the volatility resulting from the Middle East conflict, EDF Trading registered sustained business levels and its EBITDA is higher than in H1 2025.

Extract from the consolidated financial statements

Consolidated income statement

(in millions of euros)	H1 2025	H1 2026
Sales	59,436	57,449
Fuel and energy purchases	(30,361)	(29,900)
Other external purchases ⁽¹⁾	(6,422)	(6,400)
Personnel expenses ⁽¹⁾	(7,365)	(7,695)
Taxes other than income taxes	(2,632)	(3,141)
Other operating income and expenses	2,814	3,791
Operating profit before depreciation and amortisation (EBITDA)	15,470	14,104
Net changes in fair value on energy and commodity derivatives, excluding trading activities	(144)	266
Net depreciation and amortisation	(6,059)	(6,460)
(Impairment)/reversals	(185)	(54)
Other income and expenses	(120)	(249)
Operating profit	8,962	7,607
Cost of gross financial indebtedness	(1,598)	(1,681)
Discount effect	(1,465)	(2,013)
Other financial income and expenses	1,810	3,917
Financial result	(1,253)	223
Income before taxes of consolidated companies	7,709	7,830
Income taxes	(2,304)	(2,596)
Share in net income of associates and joint ventures	252	204
Net income of discontinued operations	-	-
Consolidated net income	5,657	5,438
EDF net income	5,475	5,236
EDF net income - continuing operations	5,475	5,236
EDF net income - discontinued operations	-	-
Net income attributable to non-controlling interests	182	202
Net income attributable to non-controlling interests - continuing operations	182	202
Net income attributable to non-controlling interests - discontinued operations	-	-

(1) Other external expenses and personnel expenses are reported net of the change in inventories and capitalised production. At 30/06/2026, the portion of the change in inventories and capitalised production relating to personnel expenses, which was previously presented in “Other external expenses”, is deducted from “Personnel expenses”. EBITDA is unaffected. The comparative figures for 2025 have been restated accordingly (see note 5 to the consolidated half-year financial statements at 30/06/2026).

Consolidated balance sheet

Assets (in millions of euros)	31/12/2025	30/06/2026
Goodwill	6,972	7,086
Other intangible assets	13,182	13,660
Property, plant and equipment used in generation and other tangible assets owned by the Group, including right-of-use assets	111,936	112,008
Property, plant and equipment operated under French public electricity distribution concessions	71,398	72,789
Property, plant and equipment operated under concessions other than French public electricity distribution concessions	6,682	6,678
Investments in associates and joint ventures	8,828	7,897
Non-current financial assets	56,551	56,266
Other non-current receivables	1,978	2,090
Deferred tax assets	2,807	2,850
Non-current assets	280,334	281,324
Inventories ⁽¹⁾	19,167	20,102
Trade receivables	21,665	18,703
Current financial assets	32,638	32,919
Current tax assets	698	666
Other current receivables	12,214	13,141
Cash and cash equivalents	7,641	7,973
Current assets	94,023	93,504
Assets held for sale	-	6,180
Total assets	374,357	381,008
Equity and liabilities (in millions of euros)
Capital	2,084	2,084
EDF net income and consolidated reserves	68,269	70,961
Equity (EDF share)	70,353	73,045
Equity (non-controlling interests)	10,824	11,050
Total equity	81,177	84,095
Provisions related to nuclear generation - back-end of the nuclear cycle, plant decommissioning and last cores	67,577	67,284
Provisions for employee benefits	16,158	14,591
Other provisions	6,634	6,638
Non-current provisions	90,369	88,513
Special French public electricity distribution concession liabilities	51,154	51,394
Non-current financial liabilities	70,232	70,236
Other non-current liabilities	5,503	6,833
Deferred tax liabilities	1,160	1,571
Non-current liabilities	218,418	218,547
Current provisions	6,450	6,993
Trade payables	21,322	20,997
Current financial liabilities	22,119	23,337
Current tax liabilities	308	751
Other current liabilities	24,535	24,326
Current liabilities	74,734	76,404
Liabilities related to assets held for sale	28	1,962
Total equity and liabilities	374,357	381,008

(1) At 30/06/2026, greenhouse gas emission certificates and green certificates, which were previously presented in “Other intangible assets”, are reclassified to “Inventories” at the value of €867 million (€866 million at 31/12/2025). The comparative figures have not been restated since the impact of this reclassification is non-significant in relation to the Group’s total assets.

Consolidated cash flow statement (in millions of euros)	H1 2025	H1 2026
Operating activities:
Consolidated net income	5,657	5,438
Net income from discontinued operations	-	-
Net income from continuing operations	5,657	5,438
Impairment/(reversals)	185	54
Accumulated depreciation and amortisation, provisions and changes in fair value	7,792	3,369
Financial income and expenses	392	(152)
Dividends received from associates and joint ventures	414	99
Capital gains/losses	(48)	280
Income taxes	2,304	2,596
Share in net income of associates and joint ventures	(252)	(204)
Change in working capital	2,944	2,512
Net cash flow from operations	19,388	13,992
Net financial expenses disbursed	(964)	(793)
Income taxes paid	(817)	(774)
Net cash flow from continuing operating activities	17,607	12,424
Net cash flow from operating activities relating to discontinued operations	-	-
Net cash flow from operating activities	17,607	12,424
Investing activities:
Acquisitions of equity investments, net of cash acquired	(143)	(127)
Disposals of equity investments, net of cash transferred	876	208
Investments in intangible assets and property, plant and equipment⁽²⁾	(12,021)	(11,740)
Funding contributions received for assets operated under concessions and investment subsidies ⁽¹⁾	-	174
Net proceeds from sale of intangible assets and property, plant and equipment	131	117
Changes in financial assets ⁽²⁾	(9,346)	(470)
Net cash flow from continuing investing activities	(20,503)	(11,838)
Net cash flow from investing activities relating to discontinued operations	-	-
Net cash flow from investing activities	(20,503)	(11,838)
Financing activities:
Transactions with non-controlling interests	66	48
Dividends paid by parent company	(2,000)	-
Dividends paid to non-controlling interests	(279)	(171)
Cash flow with shareholders	(2,213)	(123)
Issuance of borrowings	12,534	7 033
Repayments of borrowings ⁽³⁾	(3,740)	(7,031)
Issuance of perpetual subordinated bonds	(212)	(190)
Payments to bearers of perpetual subordinated bonds	155	-
Funding contributions received for assets operated under concessions and investment subsidies ⁽¹⁾	8,737	(188)
Other cash flows from financing activities	6,524	(312)
Net cash flows from continuing financing activities	-	-
Net cash flow from financing activities relating to discontinued operations	6,524	(312)
Net cash flow from financing activities	3,628	274
Cash flows from continuing operations
Net increase/(decrease) in cash and cash equivalents	3,628	274
Cash and cash equivalents – opening balance	7,597	7,641
Net increase/(decrease) in cash and cash equivalents	3,628	274
Currency fluctuations	(461)	328
Other non-monetary changes ⁽⁴⁾	(36)	(271)
Cash and cash equivalents – closing balance	10,728	7,973

(1) At 30/06/2026, “Funding contributions received for assets operated under concessions and investment subsidies”, which were previously included in “Other cash flows from financing activities”, are reclassified to “Net cash flow from continuing investing activities” in the amount of €174 M (€155 M at 30/06/2025).
(2) At 30/06/2026, “Loans and other financial liabilities” include margin calls paid on derivatives hedging the financial debt, amounting to €1,513 M. At 30/06/2025 they were included in “Cash and cash equivalents” and amounted to €1,097 M (€151 M at 31/12/2024). This reclassification has an impact of -€334 M on the “Changes in financial assets” at 30/06/2025. The impact at 30/06/2025 would have been -€989 M if the comparative figures had been restated.
(3) Including -€466 M for redemption of perpetual subordinated bonds in H1 2026 (-€1,250 M in H1 2025).
(4) At 30 June 2026, “Other non-monetary changes” include €245 M of cash relating to assets held for sale (see note 3.2 to the consolidated financial statements at 30/06/2026).

Main press releases since announcement of the 2025 annual results

Nuclear

UK energy security supported by further nuclear power station life extensions (EDF Energy PR of 22.07.2026)
Milestone moment for Sizewell B life extension agreement (EDF Energy PR of 09.07.2026)
EDF and Mistral sign a partnership agreement for AI serving nuclear power and digital sovereignty (PR of 28.05.2026)
EDF subsidiary Arabelle Solutions to build a new heat exchanger factory in France (PR of 26.04.2026)
Ministerial Order assessing the industrial reference cost of the Cigéo project (PR of 09.04.2026)
French nuclear industry stakeholders welcome the outcomes of the fifth Nuclear Policy Council (CPN) (PR of 12.03.2026)
EDF launches FINABe, a dedicated Advisory Board, to Accelerate Financing and Investment in International Nuclear New Build Projects (PR of 10.03.2026)

Renewables

EDF announces the signature of an agreement to sell to KKR EDF power solutions in the United States and Canada (PR of 30.06.2026)
EDF announces the signature of an agreement to sell EDF power solutions in the United States and Canada (PR of 26.06.2026)

Customers

EDF and H4 Marseille Fos sign long-term partnership for H4 Marseille Fos’ synthetic fuel production project (PR of 16.07.206)
EDF Unlocks €80 Million to Equip Schools, Daycare Centres, and Leisure Centres with Cooling Systems (PR of 26.06.2026)
For its 80th anniversary, EDF is deploying €240 million to concretely accelerate electrification in France (PR of 08.04.2026)

TotalEnergies and EDF Sign a Long-Term Partnership to Secure Low-Carbon Electricity Supply for TotalEnergies’ Refining & Chemicals Sites in France (PR of 27.03.2026)

Financing

EDF announces the successful pricing of its senior multi-tranche bond issue for a nominal amount of U.S.$2.75 billion (PR of 16.04.2026)
EDF announces the success of its senior green multi tranche bond issue for a nominal amount of 2.75 billion euros (PR of 26.02.2026)

Others

Edison: QatarEnergy extends force majeure with an additional 3 LNG cargoes (Edison PR of 28.07.2026)
EDF becomes the official low-carbon electricity supplier and founding partner of the Alpes 2030 Winter Olympic and Paralympic Games (PR of 02.07.2026)
The General Meeting of EDF approves the payment of a dividend of €1 billon (PR of 24.06.2026)
The Paris 2024™ Olympic and Paralympic Games™ Cauldron Returns to the Tuileries Garden This Summer (PR of 16.06.2026)
EDF Selects SoftBank Group as Preferred Bidder for the Development of a Large-Scale Data Center at its Bouchain Site (PR of 30.05.2026)
Ardian, Artefact, Bull, EDF, Capgemini, the iliad Group, Orange and Scaleway combine their expertise to run as a candidate for a European AI Gigafactory in France (PR of 21.05.2026)
The EDF Group sells the Norte Fluminense CCGT power plant in Brazil (PR of 16.03.2026)
EDF Pulse Ventures partners with Mara and NJJ to support a new phase of Exaion’s development and strengthen its industrial and technological momentum (PR of 20.02.2026)

About EDF

The EDF Group is a key player in the energy transition, as an integrated energy operator engaged in all aspects of the energy business: power generation, distribution, trading, energy sales and energy services. The Group is a world leader in low-carbon energy, with a 95%-decarbonised output of 515TWh and carbon intensity of 26.5gCO₂/kWh in 2025 and has developed a diversified generation mix based mainly on nuclear and renewable energy (including hydropower). It is also investing in new technologies to support the energy transition. EDF’s raison d’être is to build a net zero energy future with electricity and innovative solutions and services, to help save the planet and drive well-being and economic development. The Group supplies energy and services to approximately 41 million customers⁽¹⁾ and generated consolidated sales of €113.3 billion in 2025.

(1) The customer portfolio consists of electricity, gas and recurring service contracts.

This presentation is for information purposes only and does not constitute an offer or solicitation to sell or buy instruments, any part of the company or assets described, or any other interest, in the US or any other country. This document contains forward-looking statements and information. While EDF believes that the expectations reflected in these forward-looking statements are based on reasonable assumptions at the time they are made, these assumptions are intrinsically uncertain, with inherent risks and uncertainties that are beyond the control of EDF. As a result, EDF cannot guarantee that these assumptions will materialise. Future events and actual financial and other results may differ materially from the assumptions underlying these forward-looking statements, including, but not limited to, differences in the potential timing and completion of the transactions they describe. Risks and uncertainties (notably linked to the economic, financial, competition, regulatory and climate situation) may include changes in economic and business trends, regulations, and factors described or identified in the publicly-available documents filed by EDF with the French financial markets authority (AMF), including those presented in Section 2.2 “Risks to which the Group is exposed” of the EDF Universal Registration Document (URD) filed with the AMF on 27 March 2025 (under number D.25-0183), which may be consulted on the AMF website at www.amf-france.org or the EDF website at www.edf.fr.
Neither EDF nor any EDF affiliate is bound by a commitment or obligation to update the forward-looking information contained in this document to reflect any events or circumstances arising after the date of this presentation

EDF SA
22-30 avenue de Wagram
75382 Paris cedex 08 - France
Capital de 2 084 365 041 euros
552 081 317 R.C.S. Paris
www.edf.fr

Press contact:
service-de-presse@edf.fr / +33 1 40 42 46 37

Analysts & Investors contact:
edf-irteam@edf.fr

(1) Based on scope, exchange rates, laws and regulations as at 1 January 2026 and assuming French nuclear output (including Flamanville 3) of 350-370TWh in 2026 and 2027.
(2) Applying constant S&P ratio methodology.
(1) Net financial debt is not defined in the accounting standards and is not directly visible in the Group’s consolidated balance sheet. Net financial debt comprises total loans and financial liabilities, less cash and cash equivalents and liquid assets. Liquid assets are financial assets consisting of funds or fixed-income securities with initial maturity of over three months that are readily convertible into cash and are managed according to a liquidity-oriented policy.
(1) Including system services and the adjustment mechanism, vs 18.3TWh in H1 2025.
(2) After deduction of pumped-storage volumes, hydropower output totals 20.8TWh in H1 2026 vs 21.8TWh in H1 2025.
(6) Enedis is an independent subsidiary of EDF as defined in the French Energy Code.
(1) Including Enedis, Électricité de Strasbourg and the French island activities.
(1) The legal entity formerly named EDF Renewables.

Attachment

Press release for the 2026 half-year results

EDF: 2026 half-year results: Robust operational performance - Increase in French nuclear output - Positive cash flow, keeping net financial debt stable