Press release
1 August 2025

ENGIE H1 2025 results
Solid financial results and strong operational delivery
FY 2025 guidance confirmed


Business highlights Financial performance
• Robust activity in Renewables & BESS, with • EBIT excluding Nuclear at €5.1bn, an organic
52.7 GW of installed capacity at end of H1 2025 decrease of 6.4% compared to a high H1 2024, in a
and nearly 8 GW under construction context of lower energy prices
• Renewables and BESS project pipeline increased • Strong cash generation with a CFFO 1 at €8.4bn in
to 118 GW at end-June 2025 H1 2025
• Final negotiations of a PPA for a 1.5 GW solar • Maintaining a solid balance sheet with an economic
project awarded and ongoing bid for a 1.4 GW net debt/EBITDA ratio stable at 3.1x
OCGT project in UAE • Economic net debt reduced by €1.1bn to €46.8bn
• Closing of the nuclear transaction in Belgium and over H1
successful initial works on the Tihange 3 reactor • FY 2025 guidance confirmed with NRIgs2 expected
in the range of €4.4-5.0bn

Key figures as of 30 June 2025

Δ 2025/24 Δ 2025/24
In € billion 30 June 2025 30 June 2024
gross organic
Revenue 38.1 37.5 +1.4% +2.9%
EBITDA (ex. Nuclear) 7.4 7.8 -5.2% -2.9%
EBITDA 8.3 8.9 -7.4% -5.5%
EBIT (ex. Nuclear) 5.1 5.6 -9.4% -6.4%
Net Recurring Income, Group share 3.1 3.8 -18.8% -15.9%
Net Income, Group share 2.9 1.9 +50.5%
Capex3 3.3 5.2 -35.8%
Cash Flow From Operations 8.4 8.9 -5.5%
Net financial debt 35.7 +€2.4bn versus 31 December 2024
Economic net debt 46.8 -€1.1bn versus 31 December 2024
Economic net debt / EBITDA 3.1x stable versus 31 December 2024

Catherine MacGregor, CEO, said: “ENGIE achieved a solid financial performance in the first six months of the
year, marked notably by a very high cash flow generation of €8.4 billion. Our operational excellence allowed us
to successfully complete large-scale projects on time and within budget. We commissioned the Red Sea Wind
Energy park in Egypt, the largest wind farm in the Middle East and Africa, produced the first power from the Yeu-
Noirmoutier islands offshore wind farm in France, and restarted the Tihange 3 power plant in July as part of the
nuclear LTO signed with the Belgian government. Our diversified geographical footprint is a key asset that
provides the necessary flexibility to achieve our goals in the current economic and geopolitical context, and also
to contribute to the energy transition in the countries where we operate. We approach the coming months with
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N.B. Footnotes are on page 7
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companies under number 542 107 651 – Tel: +33 (0)1 44 22 00 00 engie.com
confidence and confirm our annual guidance. As anticipated, EBIT excluding nuclear is reaching its low point this
year, but with H2 2025 expected to be up compared to last year.“



FY 2025 guidance confirmed

In an uncertain economic environment and amid adverse foreign exchange movements, and based on strong
results and cash generation in the first half, the Group confirms its 2025 guidance. Net Recurring Income group
share is expected in a range of €4.4-5.0bn, with EBIT excluding nuclear in an indicative range of €8.0-9.0bn.
Detailed guidance key assumptions can be found in appendix 4.


Strong operational execution

Renewable & Flex
ENGIE’s total installed renewables and storage capacity amounted to 52.7 GW at end-June 2025, an increase of
1.9 GW compared to end-2024. As at 30 June 2025, the 95 projects under construction represent a total capacity
of nearly 8 GW. The Group also signed 1.2 GW of PPAs (Power Purchase Agreements), the vast majority of
which have a duration of more than five years. The Group has a growing project pipeline, reaching 118 GW at
end-June 2025, up by 3 GW compared to end-December 2024. ENGIE is on track to add 7 GW on average of
renewables and storage capacity per year starting in 2025.
In the first half of the year, ENGIE completed the full commissioning of the Red Sea Wind Energy park (650 MW)
located in Ras Ghareb, Egypt, four months ahead of the initial schedule, making it the largest operational wind
farm in the Middle East and Africa. In the United Arab Emirates, the Group is in final negotiations for a PPA of a
1.5 GW solar project awarded and has bid for a new flexible 1.4GW open cycle gas turbine (OCGT). ENGIE,
through its joint venture Ocean Winds, also announced the first electricity production from the offshore wind farm
in the Île d’Yeu and Noirmoutier, marking a key milestone towards its full commissioning expected by the end of
2025.
Finally, ENGIE launched the construction of its new 100 MW battery park with a total storage capacity of
400 MWh at its Kallo site in the port of Antwerp.


Networks
Over the first half of 2025, the utilization rate of ENGIE’s French LNG terminals reached 87% versus 62% in
H1 2024. This level reflects the growing role of these infrastructures in securing France’s gas supply.
ENGIE has also continued to make progress in the field of biomethane, with an annual production capacity
connected to ENGIE’s networks in France reaching 13.8 TWh, a year-on-year increase of 2.2 TWh.
The H2Med hydrogen project has reached a major milestone with the creation of the BarMar joint venture,
following the signing of a shareholders’ agreement between Enagás, NaTran, and Teréga. This JV will develop a
subsea pipeline to transport low-carbon hydrogen from Barcelona (Spain) to Marseille (France), forming a central
link in the European H2Med corridor.

Local Energy Infrastructure
In the first half of the year, driven by commercial momentum in line with expectations, ENGIE was selected by
Airbus to contribute to its decarbonization roadmap. Through this framework agreement, the Group will deploy
customized solutions at each of the 22 sites of the European aerospace manufacturer.

2
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companies under number 542 107 651 – Tel: +33 (0)1 44 22 00 00 engie.com
Additionally, Tabreed, 40% owned by ENGIE, announced the acquisition of the local company PAL Cooling in
Abu Dhabi as part of a joint venture with CVC DIF, for approximately one billion dollars USD. This operation
strengthens its presence in the district cooling market in the region.
Finally, ENGIE is strengthening its commitment to geothermal energy with the launch of a new drilling project in
Île-de-France, bringing the number of plants in operation or under construction in the country to 27.

Capital allocation
In H1 2025, gross capex amounted to €3.3bn. Net growth capex amounted to €2.2bn, down compared to last
year, mainly due to timing of acquisitions and higher sell-downs in the US. 75% was allocated to Renewable &
Flex Power and Networks.
During the first half, the Group signed or closed several disposals, notably within the Renewable & Flex Power
activities in Pakistan, Bahrain, Kuwait, and Morocco, as well as in the context of the strategic review of LEI
activities in the United States. ENGIE also sold its remaining 5% stake in GTT.
Performance plan
ENGIE maintained its operational excellence momentum in H1 2025 with a contribution of €246m from the
performance plan.

Nuclear in Belgium
On March 14, 2025, ENGIE and the Belgian government closed the transaction covering the 10-year extension
of the Tihange 3 and Doel 4 nuclear reactors and the transfer of responsibility related to nuclear waste.
The Group also successfully completed the initial works for 2025 on the Tihange 3 reactor, which restarted on
July 10, 2025.

Successful employee shareholding operation “Link 2025”
ENGIE has successfully completed its employee shareholding operation with a record number of employees
subscribing to LINK 2025. Total subscriptions amounted to €70m, representing nearly 5 million shares. 42% of
eligible employees across the Group took part in the plan, with more than 33,000 subscribers in about twenty
countries. Following the transaction, employees now hold over 4% of ENGIE's capital, making them the Group’s
fourth-largest shareholder.

H1 2025 financial review
Revenue at €38.1bn was up 1.4% on a gross basis and up 2.9% on an organic basis.
EBITDA at €8.3bn was down 7.4% on a gross basis and down 5.5% on an organic basis.
EBITDA (ex. Nuclear) at €7.4bn was down 5.2% on a gross basis and down 2.9% on an organic basis.
EBIT (ex. Nuclear) stood at €5.1bn, down 9.4% on a gross basis and down 6.4% organically.
– Foreign exchange: negative net impact of €98m, mainly due to the depreciation of the Brazilian real.
– Scope: a negative net effect of €80m notably due to the disposal of 15.66% in Safi (Morocco), as well as
the disposal of Senoko (Singapore) and Uch (Pakistan).
– French temperatures: the temperature effect provide a generating a positive year-on-year variation of
€55m across Networks,B2C and B2B




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companies under number 542 107 651 – Tel: +33 (0)1 44 22 00 00 engie.com
EBIT contribution by activity

Δ 2025/24 Δ 2025/24
In €m 30 June 2025 30 June 2024
gross organic
Renewable & Flex Power 1,988 2,295 -13.4% -9.0%
Renewables & BESS 1,313 1,463 -10.3% -7.4%
Gas generation 676 832 -18.8% -12.0%
Infrastructures 1,959 1,417 +38.2% +43.4%
Networks 1,722 1,137 +51.4% +58.1%
Local Energy Infrastructures 236 280 -15.5% -14.5%
Supply & Energy Management 1,536 2,254 -31.9% -31.9%
B2C 272 331 -17.9% -18.3%
B2B 888 1,108 -19.8% -19.8%
Energy Management 375 814 -53.9% -53.9%
Others -387 -343 -12.9% -7.5%
EBIT ex. Nuclear 5,095 5,623 -9.4% -6.4%
Nuclear 503 770 -34.6% -34.6%
EBIT 5,598 6,392 -12.4% -9.9%


Renewable & Flex Power
Δ 2025/24 Δ 2025/24
In €m 30 June 2025 30 June 2024
gross organic
EBITDA 2,650 2,885 -8.2% -4.7%
EBIT 1,988 2,295 -13.4% -9.0%
Renewables & BESS 1,313 1,463 -10.3% -7.4%
Gas generation 676 832 -18.8% -12.0%
Operational KPIs
Renewable & BESS
Capacity additions (GW at 100 %) 1.9 1.6
Hydro volumes - France (TWh at 100 %) 8.1 10.2 -2.1
CNR – achieved prices (€/MWh)4 110 107 +2.2%
Generation
Average captured CSS Europe (€/MWh) 29 54 -46.3%
Load factor Europe (%) 23.9 20.2 +370bps
Internal unplanned unavailability (%) 3.7 3.1 +60bps

EBIT from Renewables & BESS activities recorded an organic decrease of 7.4%, mainly due to lower volumes
resulting from reduced hydrology in France compared to the exceptionally favorable conditions in first half of 2024.
These elements were partially offset by the commissioning in North and Latin America, the improved operational
performance in North America, and a lower hydro tax in France.

EBIT from Gas generation activities decreased organically by 12.0%, mainly reflecting the continued decline in
captured spreads in Europe as well as a high comparison base, as the Group had benefited from positive one-
offs in the first half of 2024. This was partially offset by the end of the inframarginal tax in France in 2025.
Internationally, EBIT benefited from a positive one-off in Chile, and a favorable price effect in Australia.




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companies under number 542 107 651 – Tel: +33 (0)1 44 22 00 00 engie.com
Infrastructures
Δ 2025/24 Δ 2025/24
In €m 30 June 2025 30 June 2024
gross organic
EBITDA 3,139 2,593 +21.0% +23.6%
EBIT 1,959 1,417 +38.2% +43.4%
Networks 1,722 1,137 +51.4% +58.1%
Local Energy Infrastructures 236 280 -15.5% -14.5%
Operational KPIs
Networks
French RAB (€bn) vs. Dec. 2024 32.1 32.0 +0.1
Power transmission network length (km) vs. Dec. 2024 5,463 5,439 +24
LEI
EBIT margin 6.2% 5.2% -104pb

EBIT from Networks increased organically by 58.1%, mainly driven by the increase in transport tariffs from April
2024 and distribution tariffs from July 2024, as well as colder temperatures compared to last year. In Latin
America, performance remained strong, supported by the construction of power lines in Brazil and tariff indexation
in both Brazil and Mexico.
EBIT from Local Energy Infrastructures declined organically by 14.5% in H1 2025 year-on-year, reflecting an
improvement versus Q1 2025. The decrease was mainly driven by the expected normalization of market prices
which continued to weigh on the spreads captured by cogeneration assets. This was partially offset by a positive
impact from colder temperatures in 2025 which supported district heating sales, and by continued margin
improvement in energy efficiency activities driven by greater project selectivity.

Supply and Energy Management
Δ 2025/24 Δ 2025/24
In €m 30 June 2025 30 June 2024
gross organic
EBITDA 1,767 2,500 -29.3% -29.3%
EBIT 1,536 2,254 -31.9% -31.9%
B2C 272 331 -17.9% -18.3%
B2B 888 1,108 -19.8% -19.8%
Energy Management 375 814 -53.9% -53.9%
Operational KPIs
Number of B2C contracts (in thousands) 19,436 19,632 -196

EBIT in B2C activities decreased organically by 18.3% compared to the first half of 2024, mainly due to a negative
timing effect in the second quarter, whereas it had been particularly positive in the first half of 2024. These
elements were partially offset by good margins in Europe in a market environment that allows for full valuation of
risk costs.
B2B EBIT decreased organically by 19.8%, mainly due to the significant decrease in timing effects that had
positively impacted EBIT in the first half of 2024. The activity also benefited from good commercial momentum in
the first half of 2025, with margin levels in line with expectations.
EBIT in Energy Management decreased organically by 53.9%. This decrease mainly reflects the continued
normalization of market conditions, lower market reserve releases compared to the first half of 2024, a negative
one-off related to gas transportation tariffs in Austria and the Netherlands, and softer activity in Q2 2025 due to
geopolitical and economic uncertainty.




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companies under number 542 107 651 – Tel: +33 (0)1 44 22 00 00 engie.com
Nuclear
Δ 2025/24 Δ 2025/24
In €m 30 June 2025 30 June 2024
gross organic
EBITDA 863 1,121 -23.0% -23.0%
EBIT 503 770 -34.6% -34.6%
Operational KPIs
Output (BE + FR, ENGIE share, TWh) 13.8 16.0 -13.7%
Availability (Belgium at 100 %) 81.2% 88.0% -680bps

EBIT in Nuclear declined organically by 34.6% due to lower captured prices in the first half of 2025, as well as a
negative volume effect linked to the permanent shutdown of Doel 1 in February 2025 and the conformity outage
of Tihange 3 in the second quarter. EBIT was also impacted by a higher level of depreciation, reflecting
investments made in 2024 and 2025 which were depreciated over a shorter period due to the legal end-of-life of
the assets.

Net recurring income, Group share of €3.1bn
Net income, Group share of €2.9bn

In €bn H1 2025
NRIgs 3.1
Restructuring costs (0.1)
Commodities MtM, net of tax (0.2)
Others +0.1
NIgs 2.9

Net recurring income group share amounted to €3.1bn in H1 2025 compared to €3.8bn in H1 2024.

Net income group share amounted to €2.9bn, an improvement of €1.0bn compared to H1 2024 mainly due to
lower impact of the commodity contracts mark-to-market.



Maintaining a solid balance sheet

Cash Flow From Operations amounted to €8.4bn, down €0.5bn compared to a particularly high first half 2024.

Working Capital Requirement was positive at €1.4bn, with a negative year-on-year variation of €0.3bn due to
the impact of margin calls (-€0.6bn) and despite a high comparison base.

The Group maintained a strong level of liquidity at €23.2bn as at 30 June 2025, including €15.8bn of cash5.

Net financial debt stood at €35.7bn, up €2.4bn compared to 31 December 2024. This increase was mainly driven
by:
– capital expenditure over the period of €3.3bn,
– dividends paid to ENGIE SA shareholders and to non-controlling interests of €4.0bn,
– funding and expenses related to nuclear in Belgium totaling €3.8bn.

This was partially offset by CFFO of €8.4bn.


6
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companies under number 542 107 651 – Tel: +33 (0)1 44 22 00 00 engie.com
Economic net debt stood at €46.8bn, down €1.1bn compared to 31 December 2024.

Economic net debt to EBITDA ratio stood at 3.1x, stable compared to 31 December 2024 and in line with the
target ratio below or equal to 4.0x.
S&P: BBB+ / A-2, Stable outlook
Moody’s: Baa1 / P-2, Stable outlook
Fitch: BBB+ / F1, Stable outlook

*************************************
The presentation of the Group’s H1 2025 financial information used during the investor conference is available to
download from ENGIE’s website: Financial results 2025


UPCOMING EVENTS

6 November 2025 Publication of 9M 2025 financial information
26 February 2026 Publication of FY 2025 financial information


Footnotes

1 Cash Flow From Operations: Free Cash Flow before maintenance Capex and nuclear phase-out expenses
2 Net recurring income Group share
3 Net of sell down, US tax incentives, including net debt acquired
4 Before hydro tax on CNR
5 Cash and cash equivalents plus liquid debt instruments held for cash investment purposes minus bank overdrafts




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companies under number 542 107 651 – Tel: +33 (0)1 44 22 00 00 engie.com
*************************************


Important notice

The figures presented here are those customarily used and communicated to the markets by ENGIE. This message
includes forward-looking information and statements. Such statements include financial projections and estimates, the
assumptions on which they are based, as well as statements about projects, objectives and expectations regarding future
operations, profits, or services, or future performance. Although ENGIE management believes that these forward-looking
statements are reasonable, investors and ENGIE shareholders should be aware that such forward-looking information and
statements are subject to many risks and uncertainties that are generally difficult to predict and beyond the control of
ENGIE, and may cause results and developments to differ significantly from those expressed, implied, or predicted in the
forward-looking statements or information. Such risks include those explained or identified in the public documents filed by
ENGIE with the French Financial Markets Authority (AMF), including those listed in the “Risk Factors” section of the ENGIE
(ex GDF SUEZ) Universal Registration Document filed with the AMF on 13 March 2025 under number D.24-0091. Investors
and ENGIE shareholders should note that if some or all of these risks are realised they may have a significant unfavourable
impact on ENGIE.

About ENGIE

ENGIE is a major player in the energy transition, whose purpose is to accelerate the transition towards a carbon-neutral
economy. With 98,000 employees in 30 countries, the Group covers the entire energy value chain, from production to
infrastructures and sales. ENGIE combines complementary activities: renewable electricity and green gas production,
flexibility assets (notably batteries), gas and electricity transmission and distribution networks, local energy infrastructures
(heating and cooling networks) and the supply of energy to individuals, local authorities and businesses. Every year, ENGIE
invests more than €10 billion to drive forward the energy transition and achieve its net-zero carbon goal by 2045.

Turnover in 2024: €73.8 billion. The Group is listed on the Paris and Brussels stock exchanges (ENGI) and is represented
in the main financial indices (DJSI World, Euronext Sustainable - Europe 120 / France 20, CAC 40 ESG, MSCI EMU ESG
screened, MSCI EUROPE ESG Universal Select, Stoxx Europe 600 ESG-X).

ENGIE HQ Press contact: Investor relations contact:
Tel. France: +33 (0)1 44 22 24 35 Tel.: +33 (0)1 44 22 66 29
Email: engiepress@engie.com Email: ir@engie.com
ENGIEpress




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companies under number 542 107 651 – Tel: +33 (0)1 44 22 00 00 engie.com
APPENDIX 1: FINANCIAL STATEMENTS

BALANCE SHEET

ASSETS (in millions of euros) June 30, 2025 Dec. 31, 2024
Non-current assets
Goodwill 13,169 13,291
Intangible assets, net 7,882 7,964
Property, plant and equipment, net 63,101 64,388
Other financial assets 8,833 7,722
Derivative instruments 4,518 6,689
Assets from contracts with customers 3 3
Investments in equity method entities 7,902 8,373
Other non-current assets 980 908
Deferred tax assets 746 847
TOTAL NON-CURRENT ASSETS 107,133 110,185
Current assets
Other financial assets 2,587 11,959
Derivative instruments 5,882 6,366
Trade and other receivables, net 13,218 16,173
Assets from contracts with customers 7,292 9,229
Inventories 3,162 5,061
Other current assets 10,195 12,395
Cash and cash equivalents 14,996 16,928
Assets classified as held for sale 264 1,248
TOTAL CURRENT ASSETS 57,595 79,359
TOTAL ASSETS 164,729 189,544




EQUITY AND LIABILITIES (in millions of euros) June 30, 2025 Dec. 31, 2024
Shareholders' equity 30,924 34,556
Non-controlling interests 7,397 6,902
TOTAL EQUITY 38,322 41,458
Non-current liabilities
Provisions 15,791 15,909
Long-term borrowings 41,835 42,880
Derivative instruments 5,673 7,695
Other financial liabilities 93 97
Liabilities from contracts with customers 434 153
Other non-current liabilities 2,647 2,591
Deferred tax liabilities 5,566 5,875
TOTAL NON-CURRENT LIABILITIES 72,038 75,201
Current liabilities
Provisions 2,512 17,712
Short-term borrowings 10,366 9,127
Derivative instruments 4,815 5,951
Trade and other payables 15,679 19,153
Liabilities from contracts with customers 3,077 3,818
Other current liabilities 17,920 16,565
Liabilities directly associated with assets classified as held for sale ‐ 560
TOTAL CURRENT LIABILITIES 54,369 72,884
TOTAL EQUITY AND LIABILITIES 164,729 189,544




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companies under number 542 107 651 – Tel: +33 (0)1 44 22 00 00 engie.com
INCOME STATEMENT

In millions of euros June 30, 2025 June 30, 2024
REVENUES 38,066 37,525
Purchases and operating derivatives (25,652) (26,452)
Personnel costs (4,462) (4,315)
Depreciation, amortization and provisions (2,564) (2,481)
Taxes (1,168) (1,324)
Other operating income 645 616
Current operating income including operating MtM 4,866 3,569
Share in net income of equity method entities 516 580
Current operating income including operating MtM and share in net income of equity method
entities 5,382 4,149
Impairment losses (28) (293)
Restructuring costs (62) (155)
Changes in scope of consolidation 190 544
Other non-recurring items (46) (24)
NET INCOME/(LOSS) FROM OPERATING ACTIVITIES 5,436 4,221
Financial expenses (1,759) (1,825)
Financial income 752 803
NET FINANCIAL INCOME/(LOSS) (1,007) (1,022)
Income tax benefit/(expense) (1,010) (802)
NET INCOME/(LOSS) 3,419 2,397
Net income/(loss) Group share 2,923 1,942
Non-controlling interests 497 455
BASIC EARNINGS/(LOSS) PER SHARE (EUROS) 1.16 0.78
DILUTED EARNINGS/(LOSS) PER SHARE (EUROS) 1.16 0.78




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companies under number 542 107 651 – Tel: +33 (0)1 44 22 00 00 engie.com
CASH FLOW STATEMENT

In millions of euros June 30, 2025 June 30, 2024
NET INCOME/(LOSS) 3,419 2,397
- Share in net income/(loss) of equity method entities (516) (580)
+ Dividends received from equity method entities 625 602
- Net depreciation, amortization, impairment and provisions 2,267 2,816
- Impact of changes in scope of consolidation and other non-recurring items (145) (514)
- Mark-to-market on commodity contracts other than trading instruments (48) 1,449
- Other items with no cash impact (165) (256)
- Income tax expense 1,010 802
- Net financial income/(loss) 1,007 1,022
Cash generated from operations before income tax and working capital requirements 7,454 7,737
+ Tax paid (423) (420)
Change in working capital requirements (10,505) 1,657
CASH FLOW FROM OPERATING ACTIVITIES (3,475) 8,974
Acquisitions of property, plant and equipment and intangible assets (3,432) (4,028)
Acquisitions of controlling interests in entities, net of cash and cash equivalents acquired (221) (761)
Acquisitions of investments in equity method entities and joint operations (182) (2)
Acquisitions of equity and debt instruments (843) 2,063
Disposals of property, plant and equipment, and intangible assets 51 29
Loss of controlling interests in entities, net of cash and cash equivalents sold 102 7
Disposals of investments in equity method entities and joint operations 441 419
Disposals of equity and debt instruments 3 22
Interests received on financial assets 215 237
Dividends received on equity instruments (5) (16)
Change in loans and receivables originated by the Group and other 8,964 (3,387)
CASH FLOW FROM (USED IN) INVESTING ACTIVITIES 5,093 (5,418)
Dividends paid (3,984) (3,632)
Repayment of borrowings and debt (1,418) (3,887)
Change in financial assets held for investment and financing purposes 254 (153)
Interests paid (663) (862)
Interests received on cash and cash equivalents 256 398
Cash flow on derivatives qualifying as net investment hedges and compensation payments on
derivatives and on early buyback of borrowings 57 27
Increase in borrowings 2,294 4,343
Increase/decrease in capital (438) 996
Purchase and/or sale of treasury stock (55) (9)
Changes in ownership interests in controlled entities 609 ‐
CASH FLOW FROM (USED IN) FINANCING ACTIVITIES (3,088) (2,779)
Effects of changes in exchange rates and other (462) 19
TOTAL CASH FLOW FOR THE PERIOD (1,932) 796
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 16,928 16,578
CASH AND CASH EQUIVALENTS AT END OF PERIOD 14,996 17,374




11
ENGIE CORPORATE HEADQUARTERS
Tour T1 – 1 place Samuel de Champlain – Faubourg de l’Arche – 92930 Paris La Défense cedex – France
ENGIE – French limited liability company with capital of 2,435,285,011 EUROS – listed on the NANTERRE register of trades and
companies under number 542 107 651 – Tel: +33 (0)1 44 22 00 00 engie.com
APPENDIX 2: REVENUE CONTRIBUTION BY ACTIVITY

Revenue at €38.1bn, was up 1.4% on a gross basis and up 2.9% on an organic basis.

Contributive revenue, after elimination of intercompany operations, by activity:

Δ 2025/24 Δ 2025/24
In €m 30 June 2025 30 June 2024
gross organic
Renewable & Flex Power 4,920 5,007 -1.7% +1.8%
Infrastructures 8,722 8,038 +8.5% +10.3%
Supply & Energy Management 23,121 23,243 -0.5% -0.3%
Others 1,149 1,200 -4.3% +12.7%
Revenue ex. Nuclear 37,912 37,487 +1.1% +2.6%
Nuclear 154 38 +306.8% +306.8%
Revenue 38,066 37,525 +1.4% +2.9%




12
ENGIE CORPORATE HEADQUARTERS
Tour T1 – 1 place Samuel de Champlain – Faubourg de l’Arche – 92930 Paris La Défense cedex – France
ENGIE – French limited liability company with capital of 2,435,285,011 EUROS – listed on the NANTERRE register of trades and
companies under number 542 107 651 – Tel: +33 (0)1 44 22 00 00 engie.com
APPENDIX 3: EBIT MATRIX




13
ENGIE CORPORATE HEADQUARTERS
Tour T1 – 1 place Samuel de Champlain – Faubourg de l’Arche – 92930 Paris La Défense cedex – France
ENGIE – French limited liability company with capital of 2,435,285,011 EUROS – listed on the NANTERRE register of trades and
companies under number 542 107 651 – Tel: +33 (0)1 44 22 00 00 engie.com
APPENDIX 4: 2025 GUIDANCE - KEY ASSUMPTIONS & INDICATIONS


• Guidance and indications based on continuing operations
• No change in accounting policies
• No major regulatory or macro-economic changes
• Tax based on current legal texts
• Taking into account updated regulatory framework for 2024-2028 on French networks
• Full pass through of supply costs in French B2C retail tariffs
• Average temperature in France
• Average hydro, wind, and solar production
• Average forex:
o €/USD: 1.14
o €/BRL: 6.34
• Nuclear phase-out: Doel 1 (February 2025), Doel 2 (December 2025), Tihange 1 (October 2025) ; LTO
conformity outage: Doel 4 (July-October 2025); Tihange 3 (restart in July 2025)
• Market commodity prices as of June 30, 2025
• Recurring net financial costs of €2.0-2.2bn
• Recurring effective tax rate (including special tax in France): 23-25%




14
ENGIE CORPORATE HEADQUARTERS
Tour T1 – 1 place Samuel de Champlain – Faubourg de l’Arche – 92930 Paris La Défense cedex – France
ENGIE – French limited liability company with capital of 2,435,285,011 EUROS – listed on the NANTERRE register of trades and
companies under number 542 107 651 – Tel: +33 (0)1 44 22 00 00 engie.com