EDP Raises Profit Outlook Again on Strong Earnings

Portuguese utility EDP raised its full-year recurring net profit guidance for the third time following a 22 percent increase in nine-month income. Strong earnings were driven by its renewables arm and Iberian networks.

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FILE PHOTO: EDP's (Energias de Portugal) logo is pictured in a storefront in Lisbon, Portugal, May 9, 2025. REUTERS/Pedro Nunes/File Photo

EDP SA raised its full-year recurring net profit guidance to between €1.4 billion and €1.5 billion after nine-month recurring net income rose 22%.