Elia released its first quarter 2026 trading statement this morning. Shares climbed 1.1% in Belgium.
The company maintained its full-year 2026 guidance. It projects net profit of €690 million to €740 million at the group level. This includes adjusted net profit of €290-320 million in Belgium and €585-625 million in Germany. The group plans to invest €1.7 billion in Belgium and €5.1 billion in Germany.
Belgium published its draft tariff methodology for the 2028-2031 regulatory period. The final methodology is expected by June 30, 2026.
The equity gearing ratio remains at 40% of regulated asset base. Excess equity is remunerated at the reference OLO rate plus 70 basis points. The average post-tax base return on equity is expected to reach approximately 5.8%.
Assuming average OLO levels of 3.4% and achievement of incentive targets, Elia’s achieved average post-tax return on equity would be 8.1%. The new framework includes 18 incentive mechanisms, up from 16 previously.
On funding, Eurogrid signed a new €5.25 billion green revolving credit facility. ETB secured a €2.0 billion sustainability-linked revolving credit facility. The group also placed €900 million in new hybrid securities with a 4.625% fixed coupon.
