Elia Group stock gains as first-half profit rises 29 percent

Elia Group stock (ISIN unavailable in the supplied company data) rose 1.09 percent to EUR 120.90 on Euronext Brussels on September 22, 2026. The move followed first-half profit growth of 29 percent to EUR 349 million, giving the utility a clear earnings anchor.

Profit reaches EUR 349 million

In its September 3, 2026 utilities update, Gabelli said Elia's first-half EBITDA rose 17 percent year over year to EUR 1.06 billion. Net profit increased 29 percent to EUR 349 million and stood 4 percent above consensus.

That combination is important for the regulated grid operator because profit growth outpaced the share price move visible in the September 22 session. The market value therefore reflects both earnings delivery and the capital intensity of expanding electricity networks.

Guidance stays at EUR 690 million

Elia reaffirmed full-year 2026 net profit guidance of EUR 690 million to EUR 740 million in the same September 2026 assessment. The range places the first-half result within a broader earnings path while leaving the upper end dependent on the second half.

The project pipeline also carries a substantial financing dimension. Reuters reported on September 7, 2026, that the European Investment Bank agreed to lend Elia EUR 1 billion for the Princess Elisabeth energy island. The project adds long-term infrastructure relevance but also increases the importance of financing discipline.

Analyst expectations remain higher than the market price. Ideal Investisseur reported on September 7, 2026, that UBS maintained a Buy rating but reduced its target from EUR 147 to EUR 144.

Stock trades at EUR 120.90

Elia Group stock stood at EUR 120.90 on Euronext Brussels on September 22, 2026, after gaining 1.09 percent during the session. The price was EUR 23.10 below the UBS target of EUR 144, while the next market test is whether earnings growth can support the company's investment program.