Elia Group SA/NV

Elia Group SA/NV

125.50
EUR
+1.30
(+1.05%)
15.26BMarket Cap
Mar 11Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
12.11
12.08
11.96
12.27
12.36
29.59
32.48
30.35
35.17
48.15
49.53
48.74
44.37
- -
Basic EPS, GAAP
2.7
2.58
3.23
2.76
3.19
4.3
3.96
3.7
4.07
4.81
4.58
5.83
5.85
- -
Free Cash Flow per Basic Share
-1.6
1.73
-0.01
1.37
0.77
-7.61
-15.75
-24.98
37.67
-1.86
-49.28
-48.28
-29.47
- -
Dividend per Share
1.37
1.44
1.44
1.44
1.47
1.51
1.47
1.59
1.62
1.6
1.81
1.89
1.29
- -
Book Value per Share
33.97
35.04
37
38.41
39.2
52.63
55.26
57.27
62.47
68.56
65.59
71.63
74.67
84.84
Tangible Book Value per Share
7.29
8.44
10.41
11.86
12.61
14.43
20.81
22.74
27.34
34.77
30.47
33.26
45.62
55.04
Basic Weighted Avg Shares
65
65
65
65
65
65
69
73
73
75
78
77
100
109
Sales/Revenue/Turnover
787
786
780
800
808
1,935
2,242
2,210
2,551
3,616
3,843
3,767
4,442
- -
Operating Margin (%)
24.28
22.38
22.74
22.18
23.46
20.57
21.45
22.23
18.21
12.02
15.92
19.98
23.56
- -
Depreciation Expense
105
108
114
124
131
250
366
432
468
514
558
619
687
- -
Net Income, GAAP
176
168
211
180
209
281
274
269
295
361
355
451
586
- -
Effective Tax Rate (%)
11.7
11.32
13.51
15.08
15.92
24.97
28.13
29.54
24.27
26.54
28.02
30.72
21.31
- -
Profit Margin (%)
22.33
21.37
27
22.48
25.81
14.54
12.2
12.19
11.57
9.98
9.25
11.96
13.19
- -
Working Capital
-331
-95
-162
-413
-467
-1,325
-2,134
-720
-458
-637
-1,268
-349
1,050
841
LT Debt
2,300
2,646
2,605
2,586
2,835
5,774
5,379
7,250
7,742
7,716
9,255
13,969
16,910
17,004
Total Equity
2,209
2,286
2,414
2,513
2,564
3,749
4,332
4,500
4,938
5,756
5,517
6,177
8,945
10,087
Return on Invested Capital (%)
3.55
3.35
3.43
3.34
3.33
3.87
3.52
3.31
2.67
2.52
2.76
3.24
3.37
- -
Return on Capital (%)
5.49
5.34
5.58
4.64
5.12
4.24
3.08
2.7
2.73
2.92
2.87
3.02
3
- -
Return on Common Equity (%)
8.14
7.47
8.96
7.31
8.22
9.36
7.33
6.57
6.77
7.31
6.83
8.46
8.55
- -

Capital Structure

EUR

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
ST Debt
864
861
701
LT Borrowings
- -
16,841
- -
LT Finance Leases
- -
69
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
109
109
109
Market Capitalization
10,479
11,995
15,258

Working Capital

EUR

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
Total Current Assets
6,277
5,928
5,250
Cash, Cash Equivalents & STI
4,974
3,686
3,449
Accounts Receivable, Net
840
777
717
Inventories
298
383
395
Total Current Liabilities
4,167
4,878
4,409
Payables & Accruals
- -
- -
- -
ST Debt
864
861
701
Deferred Revenue
- -
- -
- -

Growth Rates

EUR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
15.07%
15.78%
44.8%
Free Cash Flow
-1,368.89%
450.43%
-20.94%
Net Income, GAAP
11.91%
17.43%
30.06%
Sales/Revenue/Turnover
23.68%
15.88%
17.92%
Total Cash Common Dividend
3.53%
2.58%
-11.69%

Semi-annual Revenue

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
3,767
2025
- -
- -
4,442
2026
- -
- -
- -

Semi-annual Earnings Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
5.83
2025
- -
- -
5.85
2026
- -
- -
- -

Semi-annual Dividends Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
1.89
2025
- -
- -
1.29
2026
- -
- -
- -

Company Description

CEO
Bernard Gustin
Full Time Employees
4,572
Sector
Utilities
Industry
Electric utilities
Address
Boulevard de l'Empereur 20 Brussels BU Belgium 1000
IPO Date
Jun 21, 2005
Website
elia.be
Business
Elia Group SA/NV operates as a leading European transmission system operator, managing high-voltage electricity grids in Belgium through its subsidiary Elia Transmission Belgium NV and in the north and east of Germany through 50Hertz Transmission GmbH; it operates 19,741 km of high-voltage connections with 99.99% reliability, balancing production and consumption to supply 30 million end users, importing and exporting electricity with neighboring countries, and facilitating the integration of renewable energy sources including offshore wind. The company offers ancillary services such as balancing group management, renewable and compensation energy services, capacity mechanisms, and offshore grid extensions; it also provides engineering consultancy through Elia Grid International, non-regulated activities via subsidiaries like WindGrid for offshore electricity grid development in Europe and beyond, and operates interconnectors including Nemo Link with the UK and ALEGrO with Germany. Founded in 1937 and headquartered in Brussels, Belgium, Elia Group serves utility customers, market parties, and the general public across Belgium and Germany, with international consulting and offshore projects extending its reach. In recent developments, Elia Group secures a €2.2 billion equity package in 2025, including a €850 million private placement to investors such as ATLAS Infrastructure with The Future Fund (€234.6 million), BlackRock (€117.3 million), CPP Investments (€117.3 million), and reference shareholder Publi-T/NextGrid Holding (€380.7 million maintaining 44.79% ownership), followed by a €1.35 billion rights issue completed by April 2025 to fund its 2025-2028 investment plan for grid infrastructure, offshore wind connections, and inter-country interconnectors. The company completes the acquisition of a minority stake in energyRe Giga Projects in February 2024 via WindGrid, enhancing its expertise in offshore transmission; it launches the Innovation Alliance with seven other European grid operators in July 2025 to improve grid resilience and efficiency, and advances the Princess Elisabeth Island offshore energy hub with first building blocks placed in April 2025, HVAC works starting in June 2025, and a second UK interconnector optimization approved in June 2025. Additional strategic moves include a €650 million green credit facility from the European Investment Bank in October 2024 for the energy island, a new €600 million seven-year bond placement in June 2024, and a €12.5 million investment in SET Ventures' Fund IV in July 2024 to support digital energy innovations.

Company News

  • Elia Group SA/NV (ELIAF) Q4 2025 Earnings Call Transcript

  • Elia Group SA/NV (ELIAF) Q2 2025 Earnings Call Transcript

  • Elia Group SA (ELIAF) Q4 2024 Earnings Call Transcript