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ČEZ Group boosts profit and raises 2026 outlook after windfall tax ends
🇨🇿 Czech Republic /Economy & Trade

ČEZ Group boosts profit and raises 2026 outlook after windfall tax ends

From iDNES · () Czech

Translated from Czech, summarized and contextualized by DistantNews.

At a glance

News Official statement New plan
  • ČEZ Group's net profit increased year-on-year in the first half of the year, partly due to the end of the windfall tax.
  • The company raised its full-year 2026 financial outlook, expecting EBITDA between 109-114 billion CZK and net profit of 31-35 billion CZK.
  • Factors contributing to the improved forecast include better performance in the Distribution segment, higher nuclear power generation, and increased market prices for energy commodities.

ČEZ Group has reported a year-on-year increase in net profit for the first half of the year, with the cessation of the windfall tax contributing to the improved financial results. The energy company has also raised its financial outlook for the full year 2026.

ČEZ now anticipates EBITDA to be in the range of 109 to 114 billion Czech koruna, with net profit, adjusted before extraordinary items, expected to fall between 31 and 35 billion CZK. This upward revision reflects several positive developments within the company's operations.

Key drivers for the enhanced forecast include improved performance within the Distribution segment. Additionally, higher output from nuclear power plants and rising market prices for energy commodities, influenced by the crisis in the Persian Gulf, have boosted realized prices for electricity production, according to a company press release.

DistantNews Editorial

Originally published by iDNES in Czech. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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