Elia System Operator (ELI)

Index:

BEL 20

  133.30
   
  • Change Today:
     -2.90
  • 52 Week High:  141.80
  • 52 Week Low:  91.70
  • Currency: Euro
  • Shares Issued: 109.15m
  • Volume: 239,912
  • Market Cap:  14,549m
  • Beta: 0.01

Fundamentals - based on IFRS

    (Millions)   (Millions)   (Millions)   (Millions)   (Millions)
Income Statement 31-Dec-25 31-Dec-24 31-Dec-23 31-Dec-22 31-Dec-21
Continuing Operations          
Revenue 4,442.20 3,767.00 3,842.60 3,616.00 2,551.30
Operating Profit/(Loss) 1,040.00 879.10 64.20 559.80 490.70
Profit Before Tax 868.10 739.80 555.00 555.70 433.50
Profit After Tax 683.10 512.50 399.50 408.20 328.30
           
Earnings per Share - Basic 683.10¢ 573.00¢ 441.00¢ 480.00¢ 402.00¢
Earnings per Share - Adjusted 683.10¢ 573.00¢ 441.00¢ 480.00¢ 402.00¢
           
Dividend per Share 205.00¢ 205.00¢ n/a 191.00¢ 175.00¢
    (Millions)   (Millions)   (Millions)   (Millions)   (Millions)
Balance Sheet 31-Dec-25 31-Dec-24 31-Dec-23 31-Dec-22 31-Dec-21
Assets          
Non-Current Assets          
Property, Plant & Equipment 22,099.50 17,692.60 13,648.70 11,844.70 10,859.50
Intangible Assets 3,170.50 2,977.30 2,724.30 2,621.60 2,559.70
Other Non-Current Assets 951.10 756.00 447.20 475.60 448.30
  26,221.10 21,425.90 16,820.20 14,941.90 13,867.50
Current Assets          
Inventories 382.90 224.60 42.70 21.60 21.60
Cash at Bank & in Hand 4,141.80 2,030.30 1,368.10 4,151.20 3,049.50
Other Current Assets 1,402.80 1,246.80 1,159.20 1,479.60 1,205.70
  5,927.50 3,501.70 2,570.00 5,652.40 4,276.80
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 32,148.60 24,927.60 19,390.20 20,594.30 18,144.30
Current Liabilities          
Borrowings 861.50 859.70 755.20 867.20 194.00
Other Current Liabilities 4,016.20 2,991.30 3,082.60 5,422.60 4,540.60
           
Current Liabilities 4,877.70 3,851.00 3,837.80 6,289.80 4,734.60
           
Net Current Assets c1,049.80 c(349.30) c(1,267.80) c(637.40) c(457.80)
           
Borrowings 16,910.00 13,968.00 9,254.80 7,715.60 7,741.70
Other Non-Current Liabilities 1,415.80 931.20 780.00 832.50 729.60
Non-Current Liabilities 18,325.80 14,899.20 10,034.80 8,548.10 8,471.30
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 23,203.50 18,750.20 13,872.60 14,837.90 13,205.90
           
Net Assets 8,945.10 6,177.40 5,517.60 5,756.40 4,938.40
           
Shareholders Funds 8,945.10 6,177.40 5,517.60 5,756.40 4,938.40
           
Minority Interests/Other Equity n/a n/a n/a n/a n/a
Total Equity 8,945.10 6,177.40 5,517.60 5,756.40 4,938.40
Cash Flow 31-Dec-25 31-Dec-24 31-Dec-23 31-Dec-22 31-Dec-21
Net Cash Flow From Operating Activities 2,090.40 944.20 (1,509.40) 1,431.20 3,953.30
Net Cash Flow from Investing Activities (4,983.00) (4,870.00) (2,287.10) (1,454.40) (1,153.40)
Net Cash Flow from Financing Activities 5,004.20 4,588.00 1,013.40 1,125.00 (340.60)
Net Increase/Decrease In Cash 2,111.60 662.20 (2,783.10) 1,101.80 2,459.30
Ratios - based on IFRS 31-Dec-25 31-Dec-24 31-Dec-23 31-Dec-22 31-Dec-21
Continuing Operations          
PE Ratio - Adjusted 16.1 13.0 25.7 27.7 28.8
PEG - Adjusted 0.8 0.4 n/a 1.5 2.9
Earnings per Share Growth - Adjusted 19% 30% -8% 19% 10%
Dividend Cover 3.33 2.80 n/a 2.51 2.30
Revenue per Share 4,069.89¢ 3,451.28¢ 3,520.54¢ 3,312.93¢ 2,337.47¢
Pre-Tax Profit per Share 795.34¢ 677.79¢ 508.48¢ 509.12¢ 397.17¢
Operating Margin 23.41% 23.34% 1.67% 15.48% 19.23%
Return on Capital Employed 3.69% 4.10% 4.33% 4.74% 4.20%
           
Dividend Yield 1.9% 2.8% 0.0% 1.4% 1.5%
Dividend per Share Growth n/a n/a (100.00%) 9.14% 2.34%
Operating Cash Flow per Share 1,915.20¢ 865.06¢ (1,382.89¢) 1,311.25¢ 3,621.96¢
Cash Incr/Decr per Share 1,934.62¢ 606.70¢ (2,549.84¢) 1,009.46¢ 2,253.18¢
Net Asset Value per Share (exc. Intangibles) 5,290.61¢ 2,931.89¢ 2,559.19¢ 2,872.06¢ 2,179.33¢
Net Gearing 152.37% 207.16% 156.62% 76.99% 98.94%

Key

* GAAP

a. Includes discontinued activities

b. Including assets due in more than one year

c. Not disclosed under IFRS

d. Total fixed assets

e. Includes borrowings

f. Included in cash flow from operating activities under IFRS

g. Included in net cash from investing activities under IFRS

h. Pre-tax

i. Capital expenditure

j. Based on operating cash flow before tax

k. Issue of ordinary shares

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: Forecast figures based on normalised accounts.

 

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