Redeia stock trades at EUR 14.99 as grid investment rises 12 percent

Published on 09/30/2026 at 09:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Redeia stock was trading at EUR 14.99 at Lang & Schwarz on September 30, 2026, plus 0.67 percent versus EUR 14.89. First-half net profit rose 4 percent to EUR 280 million.

Makroaufnahme von Glasisolatoren mit Tropfen zu Redeia Red Eléctrica — Makroaufnahme von Glas-Hochspannungsisolatoren veranschaulicht Kerngeschäft von Redeia (Red Eléctrica), ISIN ES0173093024, Stromübertragungsnetz, Illustration mit AI erstellt.

Redeia (ISIN ES0173093024) was trading at EUR 14.99 at Lang & Schwarz on September 30, 2026, plus 0.67 percent versus the prior close of EUR 14.89. The Spanish grid operator's first-half results showed higher investment, revenue and net profit, giving the stock a concrete operating backdrop at the start of the final quarter.

Investment reaches EUR 631 million

According to Yahoo Finance, Redeia reported first-half 2026 transmission-system investment of EUR 631 million, up 12 percent from the same period a year earlier. Total group investment reached EUR 657 million, while management expects transmission investment to reach or exceed EUR 1.5 billion for the full year.

The investment profile is central to Redeia's earnings case because the company operates regulated electricity infrastructure. Management said the Council of Ministers had approved an additional EUR 615 million investment amendment for the electricity plan, while several transmission and storage projects continued through permitting and construction stages.

Profit rises while debt stays material

First-half group revenue increased 6.8 percent, according to Yahoo Finance, driven mainly by the regulated Spanish business. Net profit reached EUR 280 million, up 4 percent year over year, while EBITDA increased 5.8 percent. Excluding a EUR 24 million benefit linked to a change in the regulated useful life of repowerings, comparable EBITDA growth was 2 percent.

The balance sheet adds an important counterweight to the growth figures. Net debt stood at EUR 5.009 billion, or EUR 465 million below the 2025 value, and the net debt to EBITDA ratio was 3.9 times in the first half. Operating cash flow reached EUR 518 million, supporting the investment program and dividend payments.

Guidance points to EUR 510 million

Redeia confirmed expectations for full-year 2026 net profit above EUR 510 million and dividend-per-share growth of 2 percent. The first-half result of EUR 280 million already represents 54.90 percent of that minimum guidance, although management cautioned that maintenance costs and international earnings are seasonal.

Redeia's investor-relations calendar identifies the first-half results release as July 29, 2026, and lists the nine-month 2026 results for October 26, 2028. The date displayed for the latter is not used as a near-term earnings checkpoint because the calendar entry does not clearly establish the intended year.

Redeia stock trades at EUR 14.99

Redeia stock was trading at EUR 14.99 at Lang & Schwarz on September 30, 2026 at 9:04 a.m. CEST, plus 0.67 percent versus the Lang & Schwarz prior close of EUR 14.89 on September 29, 2026. The shares trade on BME under ticker RED.MC, according to the identified market listing for Redeia.