2024 Full-year Results

Another year of strong operational and financial performance
Proposed dividend of €1.48 per share for 2024

Business highlights

• Record level of activity in Renewables with 4.2GW added in 2024, bringing total capacity to 46GW1
• Acceleration in battery storage with more than 5GW of capacity in operation or under construction at 31 December 2024
• Expansion in power transmission with the award of close to 1,200km in Brazil and Peru
• Continuous progress in our Net Zero 2045 trajectory with a 55% reduction in GHG emissions from energy production compared to 2017 to 48Mt in 2024.
• Approval by the European Commission of the final agreement on Belgian nuclear

Financial performance

• High end of the 2024 Guidance achieved with NRIgs2 of €5.5bn, an organic increase of 3.4%
• EBIT excluding nuclear of €8.9bn, down 5.6% organically versus a high 2023 basis for comparison
• Strong CFFO3 generation at €13.1bn
• Maintaining a solid balance sheet with economic net debt to EBITDA ratio at 3.1x stable vs. end-2023
• Net financial debt and economic net debt at €33.2bn and €47.9bn respectively
• Proposed increased dividend of €1.48 for 2024, corresponding to a pay-out ratio of 65%

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