NextEra Energy Inc.

06/18/2026 | Press release | Distributed by Public on 06/18/2026 04:01

Annual Report of Employee Stock Purchase/Savings Plan (Form 11-K)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 11-K
[X] ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 2025
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Commission File Number 1-8841
NextEra Energy, Inc. Employee Retirement Savings Plan
(Full title of the plan)
NextEra Energy, Inc.
(Name of issuer of the securities held pursuant to the plan)
700 Universe Boulevard
Juno Beach, Florida 33408
(Address of principal executive office)
NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN
FINANCIAL STATEMENTS
DECEMBER 31, 2025 AND 2024
TABLE OF CONTENTS
Page No.
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
3
FINANCIAL STATEMENTS
STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS AS OF DECEMBER 31, 2025 AND 2024
4
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS FOR THE YEAR ENDED DECEMBER 31, 2025
5
NOTES TO FINANCIAL STATEMENTS
6
SUPPLEMENTAL SCHEDULE
SCHEDULE H LINE 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR)
12
SIGNATURE
18
EXHIBIT INDEX
19
EXHIBIT 23(a) - CONSENT OF CROWE LLP
2
Table of Contents
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
Participants and the Employee Benefit Plans
Administrative Committee
NextEra Energy, Inc. Employee Retirement Savings Plan
Juno Beach, Florida
Opinion on the Financial Statements
We have audited the accompanying statements of net assets available for benefits of NextEra Energy, Inc. Employee Retirement Savings Plan (the "Plan") as of December 31, 2025 and 2024, the related statement of changes in net assets available for benefits for the year ended December 31, 2025, and the related notes (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2025 and 2024, and the changes in net assets available for benefits for the year ended December 31, 2025, in conformity with accounting principles generally accepted in the United States of America.
Basis for Opinion
These financial statements are the responsibility of the Plan's management. Our responsibility is to express an opinion on the Plan's financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) ("PCAOB") and are required to be independent with respect to the Plan in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Plan is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Plan's internal control over financial reporting. Accordingly, we express no such opinion.
Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.
Supplemental Information
The supplemental Schedule H, Line 4i - Schedule of Assets (Held at End of Year) as of December 31, 2025 has been subjected to audit procedures performed in conjunction with the audit of NextEra Energy, Inc. Employee Retirement Savings Plan's financial statements. The supplemental schedule is the responsibility of the Plan's management. Our audit procedures included determining whether the information presented in the supplemental schedule reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental schedule. In forming our opinion on the supplemental schedule, we evaluated whether the supplemental schedule, including its form and content, is presented in conformity with the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. In our opinion, the supplemental schedule is fairly stated in all material respects in relation to the financial statements as a whole.
Crowe LLP
We have served as the Plan's auditor since 2007.
New York, New York
June 17, 2026
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Table of Contents
NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN
STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
AS OF DECEMBER 31, 2025 AND 2024
December 31, 2025
Participant-
Directed
Nonparticipant-
Directed 		Total
ASSETS
Investments, at fair value (see Note 6) $ 4,410,224,368 $ 1,516,066,125 $ 5,926,290,493
Investments, at contract value (see Note 7) 111,124,416 - 111,124,416
Total investments 4,521,348,784 1,516,066,125 6,037,414,909
Receivables
Participant loans 74,562,266 - 74,562,266
Pending trades due from brokers 4,152,417 497,415 4,649,832
Employer contributions - 7,197,062 7,197,062
Other receivables 638,342 62,393 700,735
Total receivables 79,353,025 7,756,870 87,109,895
Total assets 4,600,701,809 1,523,822,995 6,124,524,804
LIABILITIES
Pending trades due to brokers 4,768,450 2,950,835 7,719,285
Other payables 1,673,770 608,368 2,282,138
Total liabilities 6,442,220 3,559,203 10,001,423
NET ASSETS AVAILABLE FOR BENEFITS $ 4,594,259,589 $ 1,520,263,792 $ 6,114,523,381
December 31, 2024
Participant-
Directed 		Nonparticipant-
Directed 		Total
ASSETS
Investments, at fair value (see Note 6) $ 3,856,879,890 $ 1,415,516,201 $ 5,272,396,091
Investments, at contract value (see Note 7) 134,365,790 - 134,365,790
Total investments 3,991,245,680 1,415,516,201 5,406,761,881
Receivables
Participant loans 74,021,654 - 74,021,654
Pending trades due from brokers 91,490 - 91,490
Employer contributions - 3,138,329 3,138,329
Other receivables 542,468 44,185 586,653
Total receivables 74,655,612 3,182,514 77,838,126
Non-interest bearing cash 19,605 - 19,605
Total assets 4,065,920,897 1,418,698,715 5,484,619,612
LIABILITIES
Pending trades due to brokers 1,215 - 1,215
Other payables 1,662,049 99,249 1,761,298
Total liabilities 1,663,264 99,249 1,762,513
NET ASSETS AVAILABLE FOR BENEFITS $ 4,064,257,633 $ 1,418,599,466 $ 5,482,857,099
The accompanying Notes to Financial Statements are an integral part of these statements.
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NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
FOR THE YEAR ENDED DECEMBER 31, 2025
Participant-
Directed 		Nonparticipant-
Directed 		Total
ADDITIONS TO NET ASSETS ATTRIBUTED TO:
Net appreciation in fair value of investments $ 593,101,559 $ 166,469,743 $ 759,571,302
Interest income 15,308,506 - 15,308,506
Dividend income 41,167,518 43,836,776 85,004,294
Net investment income 649,577,583 210,306,519 859,884,102
Contributions
Participant 233,878,634 - 233,878,634
Employer - NextEra Energy, Inc. common stock - 93,071,560 93,071,560
Rollovers 22,338,160 - 22,338,160
Total contributions 256,216,794 93,071,560 349,288,354
Transfer from/to nonparticipant-directed investments 70,591,634 2,477,584 73,069,218
Total net additions 976,386,011 305,855,663 1,282,241,674
DEDUCTIONS FROM NET ASSETS ATTRIBUTED TO:
Benefit payments to participants and beneficiaries 438,839,884 133,222,049 572,061,933
Management and administrative expenses 5,066,587 377,654 5,444,241
Transfer from/to participant-directed investments 2,477,584 70,591,634 73,069,218
Total deductions 446,384,055 204,191,337 650,575,392
NET INCREASE 530,001,956 101,664,326 631,666,282
NET ASSETS AVAILABLE FOR BENEFITS AT DECEMBER 31, 2024 $ 4,064,257,633 $ 1,418,599,466 $ 5,482,857,099
NET ASSETS AVAILABLE FOR BENEFITS AT DECEMBER 31, 2025 $ 4,594,259,589 $ 1,520,263,792 $ 6,114,523,381
The accompanying Notes to Financial Statements are an integral part of these statements.
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NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2025 AND 2024
1. Description of the Plan
The following description of the NextEra Energy, Inc. Employee Retirement Savings Plan (the Plan) provides only general information. Participating employees (Participants) should refer to the Summary Plan Description (SPD) (as updated periodically through Summaries of Material Modifications) for a more complete description of the Plan and up-to-date information regarding participating subsidiaries, vesting, employer contribution and employee contribution schedules.
General
The Plan is a defined contribution plan subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended (ERISA). The Plan includes a cash or deferred arrangement (Pretax Option) permitted by Section 401(k) of the Internal Revenue Code of 1986, as amended (the Code). The Pretax Option permits Participants to defer federal income taxes on their contributions (Pretax Contributions) until such contributions are distributed from the Plan.
The Plan contains employee stock ownership plan (ESOP) provisions. The ESOP component is a stock bonus plan within the meaning of U.S. Treasury Regulation Section 1.401-1(b)(1)(iii), which is qualified under Section 401(a) of the Code and is designed to invest primarily in the common stock, par value $.01 per share, of the Company (Company Stock).
The Plan has a dividend payout program which enables Participants to choose how their dividends on certain shares of Company Stock held in the Plan are to be paid. The options available to Participants include reinvestment of dividends in Company Stock or distribution of dividends in cash.
Trustee
Fidelity Management Trust Company (Trustee) administers the NextEra Energy, Inc. Employee Retirement Savings Plan Trust (Trust) established to hold the assets and liabilities of the Plan.
Administration of the Plan
The Plan is intended to qualify as a participant-directed account plan under Section 404(c) of ERISA. The Employee Benefits Advisory Committee (EBAC) acts on behalf of the Company as the Plan Sponsor, as defined by ERISA. The Employee Benefit Plans Administrative Committee (as appointed by EBAC) is the named fiduciary responsible for the general operation and administration of the Plan (but not management or control of Plan assets), and the Employee Benefit Plans Investment Committee (as appointed by EBAC) is the named investment fiduciary, but is not directly responsible for the management and control of the Plan assets. Fidelity Workplace Services LLC (Fidelity) provides recordkeeping services with respect to the Plan.
Eligibility
Most employees of NextEra Energy, Inc. (the Company/Employer) and its subsidiaries are eligible to participate in the Plan on the first day of the month following the completion of one full month of service with the Company or its subsidiaries or at any later date.
Employee Contributions
The Plan allows for combined pretax and/or Roth after-tax contributions by eligible employees up to the limit under Code Section 402(g), in whole percentages of up to 50% of their eligible earnings, as defined by the Plan (50% Limit). In addition, eligible employees age 50 or older who contributed the maximum annual amount allowable under the pretax and/or Roth after-tax options in the Plan have the option of contributing an additional pretax catch-up contribution or Roth catch-up contribution in accordance with Code Section 414(v). The Plan also allows for traditional after-tax contributions up to the 50% Limit. Participants may also make rollover contributions which represent distributions from other qualified plans or individual retirement accounts.
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NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2025 AND 2024
Eligible employees are automatically enrolled in Pretax Contributions unless such employees revoke or modify their Pretax Contribution election within 60 days of their date of hire or rehire. The Plan also has an automatic increase feature whereby eligible employees' deemed Pretax Contributions are increased by 1% each year up to a maximum of 10% unless the eligible employee revokes or otherwise modifies their Pretax Contribution election.
Participants can change their investment elections daily and invest in any combination of different investment options offered under the Plan subject to the Plan's limitations on investments in Company Stock and Fidelity's excessive trading policy.
Employer Contributions
The Company provides matching contributions through the ESOP in the form of Company Stock. Participants should refer to the SPD for the Employer contribution schedules.
Forfeitures
Forfeitures of nonvested Employer matching contributions due to termination of employment are used to restore amounts previously forfeited. Any remaining forfeitures are applied as provided under the Plan.
Vesting
Participants are immediately 100% vested in employee contributions. Participants should refer to the SPD for the vesting schedules for Employer matching contributions. Upon death, total and permanent disability, or certain other circumstances an employee may become 100% vested. In addition, in certain circumstances, such as acquisitions or divestitures, the Plan may recognize previous service for vesting purposes.
Participant Loans
Participants may borrow from their account a minimum of $1,000 up to a maximum of $50,000 or 50% of the vested value of the account (reduced by any outstanding loans), whichever is less. The vested portion of a Participant's account will be pledged as security for the loan. In general, Participants may not have more than two loans outstanding from the Plan at any time. Participant loans have a fixed annual interest rate based on the prime rate. Loans outstanding at December 31, 2025 carry an interest rate of 3.25% to 8.50% and the majority mature between 2026 and 2030. Participants should refer to the SPD for a description of eligible participant loans.
Benefit Payments and Withdrawals
Withdrawals by Participants from their accounts during their employment are permitted with certain penalties and restrictions. The penalties may limit a Participant's contributions to the Plan following a withdrawal. Upon termination from employment, Participants are eligible to receive a distribution of the full value of their vested account balance. Terminated Participants can elect to receive a full payment, partial payments, or installments over a period of up to ten years.
Administrative Expenses
Participants pay a fee from their accounts to cover some of the administrative expenses of the Plan. All other expenses are paid as permitted by the Plan or by the Company. Any expenses paid directly by the Company are not included in the financial statements of the Plan.
Plan Termination
Although it has not expressed any intent to do so, the Company has the right under the Plan to discontinue its contributions at any time and to terminate the Plan subject to the provisions of ERISA. In the event of Plan termination, Participants will become 100% vested in their accounts.
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NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2025 AND 2024
2. Summary of Significant Accounting Policies
Basis of Accounting
The financial statements of the Plan are prepared under the accrual basis of accounting in conformity with accounting principles generally accepted in the United States of America.
Use of Estimates
The preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, and changes therein, and disclosure of contingent assets and liabilities. Actual results could differ from those estimates.
Investment Valuation
The Plan's investments are reported at fair value, except for the fully benefit-responsive investment contracts, which are reported at contract value. Fair value measurement guidance emphasizes that fair value is a market-based measurement, not an entity-specific measurement, and sets out a fair value hierarchy intended to disclose information about the relative reliability of fair value measurements, with the highest priority being unadjusted quoted prices in active markets for identical assets or liabilities.
In some cases, a valuation approach used to measure fair value may include inputs from multiple levels of the fair value hierarchy. The lowest level of significant input determines the placement of the entire fair value measurement in the hierarchy.
The Plan recognizes transfers into and out of fair value hierarchy levels at the beginning of the period.
The following are descriptions of the valuation methods and assumptions used by the Plan to estimate the fair values of investments held by the Plan.
Registered investment companies (mutual funds), Company Stock, common stock and preferred stock: Investments in shares of registered investment companies are valued at quoted market prices in active markets (Level 1 inputs), which represent the net asset value of such shares at year-end. Investments in shares of actively traded money market mutual funds are stated at the net asset value of such shares held at year-end (Level 1 inputs). Company Stock and other publicly traded common stock are valued at their quoted market price in active markets (Level 1 inputs). Certain common stock and preferred stock are valued using significant unobservable inputs (Level 3 inputs).
Collective trust funds: The fair values of participation units held in collective trust funds are based on the net asset value per unit share reported by the fund manager as of the financial statement dates and on recent transaction prices (Level 2 inputs). Each collective trust fund provides for daily redemptions reported at net asset value per unit share, with no advance notice requirement.
The following is a description of the valuation methods and assumptions used by the Plan to report the contract value of the fully benefit-responsive synthetic guaranteed investment contracts held by the Plan.
Investment contracts (wrapper contracts): The Managed Income Fund holds fully benefit-responsive investment contracts (wrapper contracts) (see Note 7) with various insurance companies and financial institutions in order to provide Participants with a stable, fixed-rate of return on investments and protection of principal from changes in market interest rates. The crediting interest rate resets monthly and is based on an agreed upon formula with the issuers but cannot be less than zero. The key factors that influence future rates could include the following: the level of market interest rates, the difference between the fully benefit-responsive investment contracts' book and market values, the amount and timing of Participant contributions, transfers and withdrawals into/out of the fully benefit-responsive investment contracts, and the duration of the underlying investments backing the fully benefit-responsive investment contracts.
The Managed Income Fund is comprised of synthetic guaranteed investment contracts, each of which is valued at contract value. Each synthetic guaranteed investment contract consists of a wrapper contract and the underlying investments of the wrapper contract are primarily debt securities. The underlying investments in the Managed Income Fund include U.S. Treasury notes, asset-backed and mortgage-backed securities, corporate bonds, government agency notes and interest-
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NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2025 AND 2024
bearing cash. The contracts are unallocated in nature and are fully benefit-responsive. Therefore, net assets available for benefits reflects the contract value of the Managed Income Fund. There are no reserves against contract values (which represent contributions made under the contract, plus earnings, less withdrawals and administrative expenses) for credit risk of the contract issuer or otherwise. Wrapper contracts provide the Managed Income Fund with the ability to use contract value accounting to maintain a constant $1.00 unit price. Wrapper contracts also provide for the payment of participant-directed withdrawals and exchanges at contract value (principal and interest accrued to date) during the term of the wrapper contracts. However, withdrawals prompted by certain events (e.g., layoffs, retirement during specified early retirement window periods, spin-offs, sale of a division, facility closings, plan terminations, partial plan terminations, changes in law or regulation, material breach of contract responsibilities, loss of the Plan's qualified status, etc.) may be paid at fair value which may be less than contract value. Currently, management believes that the occurrence of an event that would cause the Plan to be paid at less than contract value is not probable. A contract issuer may terminate a wrapper contract at any time; however, if the fair value of the contract is less than the contract value, the contract issuer can either hold the contract until the fair value and contract value are equal or make up the difference between the two. If the funds in the wrapper contracts are needed for benefit payments prior to contract maturity, they may be withdrawn without penalty.
Investment Income Recognition
Purchases and sales of investment securities are recorded on the trade date. Gains or losses on sales of investment securities are determined using the average cost method of the securities. The carrying amounts of securities held in Participants' accounts are adjusted daily. Unrealized appreciation or depreciation is recorded to recognize changes in fair value. Interest income is recorded on the accrual basis. Dividends are recorded on the ex-dividend date.
Payment of Benefits
Benefits distributed to Participants are recorded when paid.
Participant Loans
Participant loans are reported at their unpaid principal balance plus any accrued but unpaid interest, with no allowance for credit losses, and the loans are collateralized by the Participants' account balances in the Plan. In general, repayments of principal and interest are received through payroll deductions or direct payment to the Trustee.
3. Risks and Uncertainties
The Plan, in general, is exposed to various risks, many of which are beyond the control of the Plan Sponsor. Some such risks include risks around investment securities such as interest rate, credit, liquidity, global events and overall market volatility, which could result in changes in the value of such securities. Due to the level of risk associated with certain types of investment securities, it is at least reasonably possible that changes in the values of the investment securities may occur in the near term and that such changes could materially affect Participants' account balances and the amounts reported in the statements of net assets available for benefits and the statement of changes in net assets available for benefits.
4. Nonparticipant-Directed Investments
The "Nonparticipant-Directed" net assets of the Plan and changes therein represent Employer contributions into the ESOP component of the Plan. Participants have the option to reinvest nonparticipant-directed investments daily among any of the other investment options available under the Plan.
5. Parties-In-Interest Transactions
Parties-in-interest are defined under Department of Labor (DOL) regulations as any fiduciary of the Plan, any party rendering service to the Plan, the Employer, and certain others. Dividend income earned by the Plan includes dividends on Company Stock. In accordance with the Plan and the Company's Dividend Reinvestment and Direct Stock Purchase Plan in which the Trustee participates, Participants may elect to reinvest dividends in Company Stock or receive dividends in cash. During 2025, dividends on shares of Company Stock held in Participants' accounts totaled $55,967,273.
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NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2025 AND 2024
During 2025, Employer contributions of Company Stock credited to Participant's accounts totaled $93,071,560 which equated to 1,261,713 shares. Realized gains on shares of Company Stock sold by Participants during 2025 totaled $11,693,362. At December 31, 2025 and 2024, the number of shares of Company Stock held in Participants' accounts totaled 23,640,513 and 25,162,977, respectively, with a fair value of $1,897,860,375 and $1,803,933,814, respectively.
Certain fees were paid by the Plan to the managers of the investments held in the Plan and certain Plan investments are managed by an affiliate of the Trustee or investment advisors of the Plan. These transactions qualify as party-in-interest transactions. The Plan also pays for various administrative expenses to service providers which constitute party-in-interest transactions. Additionally, the Plan reimburses the Company for a portion of the direct costs incurred in the administration of the Plan which are considered party-in-interest transactions. Participant loans held by the Plan of $74,562,266 and $74,021,654 at December 31, 2025 and December 31, 2024, respectively, are also considered party-in-interest transactions.
6. Investments
The Plan's financial assets and other fair value measurements made on a recurring basis by fair value hierarchy level are as follows:
December 31, 2025
Quoted Prices
in Active
Markets for
Identical Assets
(Level 1) 		Significant
Other
Observable
Inputs
(Level 2) 		Significant
Unobservable
Inputs
(Level 3) 		Total
Participant-directed investments:
Registered investment companies $ 419,492,633 $ - $ - $ 419,492,633
Collective trust funds - 2,964,442,765 - 2,964,442,765
Preferred stock - - 887,402 887,402
Common stock other than NextEra Energy, Inc. common stock 626,504,605 - 378,910 626,883,515
NextEra Energy, Inc. common stock 398,518,053 - - 398,518,053
Total participant-directed investments 1,444,515,291 2,964,442,765 1,266,312 4,410,224,368
Nonparticipant-directed investments:
Registered investment companies 16,723,803 - - 16,723,803
NextEra Energy, Inc. common stock 1,499,342,322 - - 1,499,342,322
Total nonparticipant-directed investments 1,516,066,125 - - 1,516,066,125
Total investments in the fair value hierarchy 2,960,581,416 2,964,442,765 1,266,312 5,926,290,493
Investments at contract value 111,124,416
Total investments $ 6,037,414,909
December 31, 2024
Quoted Prices
in Active
Markets for
Identical Assets
(Level 1) 		Significant
Other
Observable
Inputs
(Level 2) 		Significant
Unobservable
Inputs
(Level 3) 		Total
Participant-directed investments:
Registered investment companies $ 380,879,084 $ - $ - $ 380,879,084
Collective trust funds - 2,504,711,886 - 2,504,711,886
Preferred stock - - 535,175 535,175
Common stock other than NextEra Energy, Inc. common stock 567,181,434 - 251,661 567,433,095
NextEra Energy, Inc. common stock 403,320,650 - - 403,320,650
Total participant-directed investments 1,351,381,168 2,504,711,886 786,836 3,856,879,890
Nonparticipant-directed investments:
Registered investment companies 14,903,037 - - 14,903,037
NextEra Energy, Inc. common stock 1,400,613,164 - - 1,400,613,164
Total nonparticipant-directed investments 1,415,516,201 - - 1,415,516,201
Total investments in the fair value hierarchy 2,766,897,369 2,504,711,886 786,836 5,272,396,091
Investments at contract value 134,365,790
Total investments $ 5,406,761,881
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NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2025 AND 2024
7. Managed Income Fund
The contract value of fully benefit-responsive investment contracts was $111,124,416 and $134,365,790, respectively, at December 31, 2025 and 2024. The contract value of the fully benefit-responsive investment contracts includes interest-bearing cash of $915,461 and $419,235, respectively, at December 31, 2025 and 2024. The contract value of fully benefit-responsive investment contracts excludes short term investments in registered investment companies that are not covered by the wrapper contracts. These investments are reported at fair value in the amount of $1,956,496 and $2,554,876, respectively, at December 31, 2025 and 2024.
8. Income Taxes
On June 17, 2015, the Internal Revenue Service (IRS) made a favorable determination that the Plan meets the requirements of Section 401(a) of the Code. The Plan has been amended since receiving the favorable determination letter and due to expiry of the determination letter program, no new letter is expected. The Company and the plan administrator believe that the Plan is currently designed and operated in material compliance with the applicable requirements of the Code and that the Plan continues to be tax-exempt. The Trust established under the Plan will generally be exempt from federal income taxes under Section 501(a) of the Code; Company contributions paid to the Trust under the Plan will be allowable federal income tax deductions of the Company subject to the conditions and limitations of Section 404 of the Code; and the Plan meets the requirements of Section 401(k) of the Code allowing Pretax Contributions to be exempt from federal income tax at the time such contributions are made, provided that in operation the Plan and Trust meet the applicable provisions of the Code. Participants are given the option to receive dividend distributions on Company Stock in cash; all vested dividends earned by Participants are deductible by the Company.
Employer matching contributions to the Plan on a Participant's behalf, the Participant's Pretax Contributions, and the earnings thereon generally are not taxable to the Participant until such Employer matching contributions, Pretax Contributions, and earnings thereon are distributed or withdrawn. Participant's Roth after-tax contributions and the earnings thereon generally are not taxable to the Participant if made as a qualified distribution. Earnings on traditional after-tax contributions are not taxable to the Participant until distributed or withdrawn. A loan from a Participant's account generally will not represent a taxable distribution if the loan is repaid in a timely manner and does not exceed certain limitations.
Accounting principles generally accepted in the United States of America require plan administrators to evaluate tax positions taken by the Plan. The plan administrator has analyzed the tax positions taken by the Plan, and has concluded that as of December 31, 2025 and 2024, respectively, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The Plan is subject to routine regulatory audits. The plan administrator believes it is no longer subject to tax audits for periods prior to 2022.
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NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN
EIN: 59-2449419 PLAN# 002
SCHEDULE H, LINE 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2025
(a) (b)
Identity of issue, borrower, lessor, or similar party 		(c)
Description of investment including maturity date, rate of interest, collateral, par, or maturity value 		(d) Cost (e)
Current value
Cash and Cash Equivalents:
USD (US Dollars) 915,461 ** $ 915,461
Total Cash and Cash Equivalents - $ 915,461
Common Stock:
ADVANCED MICRO DEVICES INC 2,641 ** $ 565,597
ADYEN BV ADR 265,000 ** 4,232,050
ALPHABET INC CL A 153,712 ** 48,111,856
AMAZON.COM INC 119,172 ** 27,507,281
AMPHENOL CORPORATION CL A 120,892 ** 16,337,345
APPLE INC 203,843 ** 55,416,758
APPLOVIN CORP 9,758 ** 6,575,135
ARES MANAGEMENT CORP CL A 8,996 ** 1,454,023
ARGENX SE SPONSORED ADR 6,282 ** 5,282,848
ARISTA NETWORKS INC 78,328 ** 10,263,318
BLOCK INC CL A 247,836 ** 16,131,645
BOEING CO 25,307 ** 5,494,656
BROADCOM INC 97,670 ** 33,803,587
CHIPOTLE MEXICAN GRILL INC 110,587 ** 4,091,719
CIENA CORP 14,000 ** 3,274,180
CIGNA GROUP (THE) 10,781 ** 2,967,255
COUPANG INC A 153,795 ** 3,628,024
DANAHER CORP 16,732 ** 3,830,289
DATADOG INC CL A 36,000 ** 4,895,640
DOORDASH INC 21,800 ** 4,937,264
ELI LILLY & CO 13,829 ** 14,861,750
ENTEGRIS INC 72,290 ** 6,090,432
EQUIFAX INC 7,956 ** 1,726,293
FABRINET 8,200 ** 3,733,296
HOWMET AEROSPACE INC 46,741 ** 9,582,840
HUBSPOT INC 25,140 ** 10,088,682
INGERSOLL RAND INC 41,086 ** 3,254,833
INTUIT INC 24,837 ** 16,452,526
INTUITIVE SURGICAL INC 25,182 ** 14,262,077
LATTICE SEMICONDUCTOR CORP 68,269 ** 5,023,233
MAGIC LEAP INC A P/P 719 ** -
MASTERCARD INC CL A 35,334 ** 20,171,474
MERCADOLIBRE INC 3,250 ** 6,546,345
META PLATFORMS INC CL A 36,742 ** 24,253,027
MICROSOFT CORP 151,137 ** 73,092,876
MONGODB INC CL A 12,133 ** 5,092,099
NATERA INC 28,324 ** 6,488,745
NETFLIX INC 78,838 ** 7,391,851
NVIDIA CORP 398,000 ** 74,227,000
ROCKET COS INC 84,100 ** 1,628,176
SERVICENOW INC 60,945 ** 9,336,165
SHOPIFY INC CL A 27,471 ** 4,422,007
STRIPE INC CLASS B PP 9,148 ** 378,910
STRYKER CORP 22,137 ** 7,780,491
THE BOOKING HOLDINGS INC 1,455 ** 7,792,005
TOWER SEMICONDCTR LTD 25,300 ** 2,970,726
TRADEWEB MARKETS INC A 47,893 ** 5,150,413
12
Table of Contents
NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN
EIN: 59-2449419 PLAN# 002
SCHEDULE H, LINE 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2025
(a) (b)
Identity of issue, borrower, lessor, or similar party 		(c)
Description of investment including maturity date, rate of interest, collateral, par, or maturity value 		(d) Cost (e)
Current value
UNITEDHEALTH GROUP INC 27,728 ** 9,153,290
VISA INC CL A 48,848 ** 17,131,482
GCI LIBERTY INC CL A ESCROWE LINE 88,380 ** 1
* NEXTERA ENERGY, INC. (PARTICIPANT-DIRECTED) 4,964,101 ** 398,518,053
* NEXTERA ENERGY, INC. (NONPARTICIPANT-DIRECTED) 18,676,412 $ 487,207,456 1,499,342,322
Total Common Stock $ 487,207,456 $ 2,524,743,890
Preferred Stock:
NURO INC/CA SER C PC PP 47,663 ** $ 557,657
SILA NANOTECHNOLOGIES INC SER F 0% PC PP 9,212 ** 167,843
RAPPI INC SER E PFD PERP PP 9,111 ** 161,902
Total Preferred Stock - $ 887,402
Collective Trust Funds:
* BLACKROCK RUSSELL 2000 INDEX FUND M 1,123,461 ** $ 41,327,067
* BTC ACWI EX US IMI M 3,065,858 ** 73,787,843
* BTC EQUITY INDEX J 13,929,269 ** 465,988,361
* BTC RUSSELL 3000 M 4,711,016 ** 190,813,568
* BTC US DEBT INDEX M 3,572,779 ** 45,997,745
* COHEN & STEERS US REALTY SHARES B 1,896,435 ** 41,854,312
* EARNEST SMID CP CORE 467,256 ** 8,200,345
* LS CORE PL FXINC D 2,755,930 ** 49,193,356
* PIMCO DIVERSIFIED REAL ASSET TRUST 676,466 ** 13,718,739
* VANGUARD TARGET RETIREMENT 2020 TRUST PLUS 335,293 ** 27,738,808
* VANGUARD TARGET RETIREMENT 2025 TRUST PLUS 2,628,908 ** 245,382,231
* VANGUARD TARGET RETIREMENT 2030 TRUST PLUS 1,653,042 ** 169,949,259
* VANGUARD TARGET RETIREMENT 2035 TRUST PLUS 4,159,416 ** 468,724,603
* VANGUARD TARGET RETIREMENT 2040 TRUST PLUS 1,038,870 ** 126,482,423
* VANGUARD TARGET RETIREMENT 2045 TRUST PLUS 3,228,877 ** 415,104,397
* VANGUARD TARGET RETIREMENT 2050 TRUST PLUS 987,490 ** 130,486,903
* VANGUARD TARGET RETIREMENT 2055 TRUST PLUS 1,479,539 ** 195,254,770
* VANGUARD TARGET RETIREMENT 2060 TRUST PLUS 874,584 ** 69,529,452
* VANGUARD TARGET RETIREMENT 2065 TRUST PLUS 906,313 ** 44,481,835
* VANGUARD TARGET RETIREMENT 2070 TRUST PLUS 345,463 ** 10,274,077
* VANGUARD TARGET RETIREMENT INCOME TRUST PLUS 1,047,240 ** 65,358,271
* RUSSELL 2000 ALPHA TILTS FUND F 2,393,111 ** 60,477,283
* SSBK GOVERNMENT STIF FUND (US LARGE CAP GROWTH FUND) 3,626,736 ** 4,234,757
* SSBK STIF FUND (SMALL MID CAP GROWTH FUND) 82,360 ** 82,360
Total Collective Trust Funds - $ 2,964,442,765
Registered Investment Companies:
* AF EUROPAC GROWTH R6 1,507,648 ** $ 91,333,293
* EATON VANCE FLOATING-RATE & HIGH INCOME FUND R6 2,625,123 ** 21,158,495
* JPM EQUITY INCOME R6 FUND 5,506,847 ** 136,294,456
* VANGUARD VMMR-FED MONEY MARKET 167,141,257 ** 167,141,257
* FIDELITY INSTITUTIONAL CASH PORTFOLIO (NEXTERA ENERGY, INC. PARTICIPANT-DIRECTED) 1,608,636 ** 1,608,636
* FIDELITY INSTITUTIONAL CASH PORTFOLIO (NEXTERA ENERGY, INC. NONPARTICIPANT-DIRECTED) 16,723,803 $ 16,723,803 16,723,803
* FIDELITY INSTITUTIONAL CASH PORTFOLIO (MANAGED INCOME FUND) 1,956,496 ** 1,956,496
Total Registered Investment Companies $ 16,723,803 $ 436,216,436
U.S. Treasury Notes:
13
Table of Contents
NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN
EIN: 59-2449419 PLAN# 002
SCHEDULE H, LINE 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2025
(a) (b)
Identity of issue, borrower, lessor, or similar party 		(c)
Description of investment including maturity date, rate of interest, collateral, par, or maturity value 		(d) Cost (e)
Current value
UST NOTES 3.375% 09/15/2027 3,616,200 ** $ 3,645,973
UST NOTES 3.375% 09/15/2028 2,360,700 ** 2,374,787
UST NOTES 3.5% 10/31/2027 2,519,600 ** 2,535,211
UST NOTES 3.625% 03/31/2028 3,125,100 ** 3,162,345
UST NOTES 3.625% 08/31/2027 1,993,000 ** 2,070,595
UST NOTES 3.625% 08/31/2029 2,358,800 ** 2,387,708
UST NOTES 3.625% 08/31/2030 4,521,000 ** 4,560,614
UST NOTES 3.625% 10/31/2030 3,937,500 ** 3,945,201
UST NOTES 3.625% 12/31/2030 1,082,100 ** 1,076,943
UST NOTES 3.75% 04/15/2028 2,138,800 ** 2,167,099
UST NOTES 4% 01/31/2029 8,740,000 ** 8,937,942
UST NOTES 4% 02/29/2028 6,792,800 ** 6,955,969
UST NOTES 4% 03/31/2030 3,856,500 ** 3,945,240
UST NOTES 4% 05/31/2030 3,602,100 ** 3,660,707
UST NOTES 4% 07/31/2029 5,083,000 ** 5,234,013
UST NOTES 4.125% 10/31/2029 1,837,500 ** 1,881,920
UST NOTES 4.25% 02/28/2029 4,180,100 ** 4,325,045
UST NOTES 4.375% 12/31/2029 1,327,800 ** 1,363,596
UST NOTES 4.5% 05/31/2029 9,868,500 ** 10,191,260
Total U.S. Treasury Notes - $ 74,422,168
Mortgage Backed Securities:
TAUBMAN CENTERS COMMERCIAL MORTGAGE TRUST 24-DPM ATSFR1M+139.27 12/15/2039 144A 111,000 ** $ 111,262
SREIT TR 2021-MFP TSFR1M+84.528 08 11/15/2038 144A 249,136 ** 249,523
LIFE FINANCIAL SERVICES TRUST 2022 TSFR1M+129.52405/15/2039 144A 459,000 ** 443,750
INT COMMERCIAL MORTGAGE TRUST 2025-PLAZA VAR 11/05/2037 144A 100,000 ** 100,784
FREDDIE MAC REMICS 3% 10/25/2048 199,445 ** 188,324
FREDDIE MAC REMICS 2018-4766 MA 3.5% 02/15/2046 170,218 ** 168,382
FNR 2017-20 AP 3.5% 03/25/2045 196,915 ** 194,376
FNR 2016-19 AH 3% 04/46 100,845 ** 96,830
FNR 2015-42 LE 3.0% 06/25/45 114,492 ** 110,897
FNR 2013-16 GP 3% 1/1/33 14,452 ** 14,331
FNMA GTD MTG PASS THRU CTF 3.5% 10/25/2044 98,438 ** 97,935
FNMA 6.50% 8/36 #AE0746 7,223 ** 7,609
FNMA 6.50% 8/36 #888544 8,548 ** 9,005
FNMA 6.50% 8/36 #888034 2,155 ** 2,273
FNMA 6.50% 7/32 #545759 3,058 ** 3,214
FNMA 6.50% 12/35 #AD0723 9,240 ** 9,737
FNMA 5.50% 11/34 #310105 60,174 ** 62,395
FNMA 20YR 4.5% 08/01/2039#FM1353 37,569 ** 38,042
FNMA 20YR 4.5% 06/01/2039#FM1045 14,043 ** 14,220
FNMA 20YR 4.5% 03/01/2039#FM1774 27,589 ** 27,937
FNMA 20YR 3.00% 11/32 #MA1237 391,167 ** 381,856
FNMA 20YR 2.5% 01/01/2033#AL2982 28,331 ** 27,206
FNMA 20YR 2.5% 01/01/2033#AL2976 26,321 ** 25,211
FNMA 20YR 2.5% 01/01/2033#AL2975 46,549 ** 44,655
FNMA 20YR 2.5% 01/01/2033#AL2974 34,176 ** 32,785
FNMA 15YR 4% 03/01/2034#FM2867 544,019 ** 548,431
FNMA 15YR 4% 02/01/2034#FM3001 238,943 ** 240,956
FNMA 15YR 3.5% 12/01/2028#AV1907 1,823 ** 1,818
14
Table of Contents
NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN
EIN: 59-2449419 PLAN# 002
SCHEDULE H, LINE 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2025
(a) (b)
Identity of issue, borrower, lessor, or similar party 		(c)
Description of investment including maturity date, rate of interest, collateral, par, or maturity value 		(d) Cost (e)
Current value
FNMA 15YR 3.5% 11/01/2030#AL7688 25,472 ** 25,385
FNMA 15YR 3.5% 09/01/2029#AL5878 26,617 ** 26,534
FNMA 15YR 3.5% 02/01/2033#FM9794 52,138 ** 51,869
FNMA 15YR 3% 12/01/2032#BM5109 430,348 ** 422,786
FNMA 15YR 3% 02/01/2033#BM5108 476,300 ** 466,196
FNMA 15YR 2.5% 10/01/2031#AS8010 84,122 ** 81,688
FNMA 15YR 2.5% 01/01/2029# 52,199 ** 51,571
FNMA 15YR 2.5% 01/01/2028#FS3867 22,430 ** 22,248
FNMA 15YR 2% 02/01/2028#FS3865 28,352 ** 27,930
FNMA 6.50% 12/32 #735415 1,723 ** 1,811
FNMA 6.50% 7/35 #745092 1,964 ** 2,073
FNMA 6.50% 7/32 #545762 1,726 ** 1,813
FHLG 5.50% 5/34 #Z40042 82,987 ** 86,127
FHLG 5.50% 3/34 #G01665 11,776 ** 12,251
FHLG 25YR 5.50% 7/35 #G05815 7,461 ** 7,758
FHLG 20YR 3.5% 07/01/2032#G31067 55,494 ** 55,058
FHLG 20YR 3.5% 06/01/2032#C91456 103,948 ** 103,113
FHLG 20YR 3% 11/01/2033#G30872 135,257 ** 132,059
FHLG 15YR 3% 05/01/2033#G16550 149,152 ** 145,942
FHLG 15YR 3% 03/01/2033#SB0181 377,485 ** 369,256
FHLG 15YR 2.5% 12/01/2031#SB0093 199,459 ** 193,601
FHLG 15YR 2.5% 01/01/2028#SB0799 18,099 ** 17,960
FHLG 7.50% 7/34 #G02115 10,671 ** 11,211
FEDERAL NATL MTG AS GTD RE PTT 2018-11 LA 3.5% 07/25/2045 96,617 ** 95,463
FEDERAL NATL MTG AS GTD RE PTT 2016-105 PA 3.5% 04/25/2045 75,206 ** 74,192
FEDERAL NAT MTG ASN GTD REM PA 3.5% 02/25/2046 48,784 ** 48,564
FEDERAL NAT MTG ASN GTD REM PA 3.0% 04/25/2044 50,287 ** 49,046
FEDERAL NAT MTG ASN GTD REM PA 3% 03/25/2048 395,591 ** 379,553
FEDERAL NAT MTG ASN GTD REM PA 2018-3 LP 3% 02/25/2047 288,915 ** 276,394
FEDERAL NAT MTG ASN GTD REM PA 2017-11 HA 3.5% 12/25/2045 168,953 ** 165,442
FEDERAL NAT MTG ASN GTD REM PA 1.85% 05/25/2033 115,756 ** 109,462
FEDERAL NAT MTG ASN GTD REM 2017-97 P 3% 01/25/2047 189,725 ** 180,472
FEDERAL NAT MTG ASN GTD REM 2011-26 PA 4.5% 04/25/2041 52,636 ** 52,906
FEDERAL HOME LN MTGE CORP 4765 QA 3% 02/15/2046 195,906 ** 189,027
FEDERAL HOME LN MTG MLT CTF GT VAR 07/25/2030 340,000 ** 344,068
FEDERAL HOME LN MTG MLT CTF GT K545 A2 4.29% 07/25/2030 257,000 ** 260,327
FEDERAL HOME LN MTG MLT CTF GT 4847 CA 3.5% 11/15/2045 42,321 ** 42,188
BENCHMARK MORTGAGE TRUST 2018-B7 A2 4.377% 05/15/2053 259,150 ** 259,757
BENCHMARK MTG TR 2018-B8 A2 4.149% 01/15/2052 40,496 ** 40,560
BX 2021-BXMF TSFR1M+75.041 10/15/2026 144A 214,152 ** 214,286
BX COML MTG TR 2024-GPA3 A TSFR1M+149.25 12/15/2029 144A 26,488 ** 26,551
BX COMMERCIAL MORTGAGE TRUST 2021-PAC TSFR1M+80.358 21 10/15/2036 144A 325,000 ** 324,686
BX COMMERCIAL MORTGAGE TRUST 22-LP2 A TSFR1M+96.2702/15/2039 144A 60,628 ** 60,671
BX TR 2021-ACNT TSFR1M+96.448 11/15/2026 144A 101,421 ** 101,585
CENT TRUST 2025-CITY A VAR 07/10/2040 144A 100,000 ** 101,723
ELP COML MTG TR 2025-ELP 4.71318% 11/13/2042 144A 100,000 ** 100,382
FEDERAL HOME LN MTG MLT CTF GT 4% 07/15/2047 102,599 ** 102,473
Total Mortgage Backed Securities - $ 9,169,762
Asset Backed Securities:
ALLY AUTO RECEIVABLES TRUST 2024-1 5.08% 12/15/2028 53,978 ** $ 54,462
15
Table of Contents
NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN
EIN: 59-2449419 PLAN# 002
SCHEDULE H, LINE 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2025
(a) (b)
Identity of issue, borrower, lessor, or similar party 		(c)
Description of investment including maturity date, rate of interest, collateral, par, or maturity value 		(d) Cost (e)
Current value
AMERICAN EXPRESS CR ACC MST TR 5.23% 04/15/20292029 400,000 ** 408,509
BA CR CARD TR 4.31% 05/15/2030 480,000 ** 486,804
BMW VEHICLE LEASE TRUST 2025-1 4.43% 06/26/2028 255,000 ** 257,408
CAPITAL ONE PRIME AUTO RECEIVABLES TRUST 2023-2 5.82% 06/15/2028 296,377 ** 300,565
CARMAX AUTO OWNER TR 2023-4 6% 07/17/2028 60,471 ** 61,412
CARMAX AUTO OWNER TR 2024-2 5.5% 01/16/2029 51,000 ** 51,825
CARMAX AUTO OWNER TRUST 2024-1 4.92% 10/16/2028 161,966 ** 163,576
CARVANA AUTO RECEIVABLES TR 2025-P3 A3 4.04% 11/11/2030 270,000 ** 271,360
CARVANA AUTO RECEIVABLES TRUST 2025-P2 4.55% 08/12/2030 180,000 ** 182,039
CHASE ISSUANCE TR 4.16% 07/15/2030 293,000 ** 296,470
CHASE ISSUANCE TR 5.08% 09/15/2030 576,000 ** 597,170
CITIBANK CR CARD ISSUANCE TR 4.3% 06/21/2030 565,000 ** 572,384
CITIZENS AUTO RECEIVABLES TRUST 2024-2 5.33% 08/15/2028 144A 69,541 ** 70,186
DAIMLER TRUCKS RETAIL TRUST 2024-1 5.49% 12/15/2027 174,805 ** 176,686
DELL EQUIP FIN TR 2023-2 5.65% 01/22/2029 144A 36,480 ** 36,616
DELL EQUIPMENT FINANCE TRUST 2023-3 A3 5.93% 04/23/2029 144A 93,946 ** 94,581
DELL EQUIPMENT FINANCE TRUST 24-1 5.39% 03/22/2030144A 104,754 ** 105,643
DLLAA 2023-1A 5.64% 02/22/2028 144A 30,949 ** 31,331
DLLAD 2024-1 LLC 5.3% 07/20/2029 144A 21,000 ** 21,473
DLLMT 2024-1 LLC 4.84% 08/21/2028 144A 127,000 ** 128,354
FORD CR FLOORPLN MAST OWN TR A 5.29% 04/15/2029 144A 335,000 ** 341,729
FORD CREDIT AUTO OWNER TRUST 2023-B 5.23% 05/15/2028 175,289 ** 176,830
FORDF 2025-1 A1 4.63% 04/15/2030 195,000 ** 198,681
GM FINANCIAL SECURITIZED TERM AUTO RECEIVABLES TR2023-4 5.78% 08/16/2028 245,621 ** 248,687
HUNTINGTON AUTO TR 2024-1 5.23% 01/16/2029 144A 398,083 ** 402,896
HYUNDAI AUTO RECEIVABLES TRUST 2023-A 4.58% 04/15/2027 29,431 ** 29,516
HYUNDAI AUTO RECEIVABLES TRUST 2023-B 5.48% 04/17/2028 44,095 ** 44,512
HYUNDAI AUTO RECEIVABLES TRUST 25-B 4.36% 12/17/2029 340,000 ** 343,941
MERCEDES-BENZ AUTO LEASE TRUST 2024-A 5.32% 01/18/2028 75,000 ** 75,906
MERCEDES-BENZ AUTO LEASE TRUST 2025-A 4.61% 04/16/2029 240,000 ** 243,685
NISSAN AUTO RECEIVABLES 2023-B OWNER TR 5.93% 03/15/2028 134,897 ** 136,377
NISSAN MASTER OWNER TR RECEIVABLE 5.05% 02/15/2029144A 133,000 ** 134,891
PORSCHE FINL AUTO SECURITIZATION TR 2023 5.79% 01/22/2029 144A 78,112 ** 78,826
TESLA 2024-A A3 5.3% 06/21/2027 144A 89,816 ** 90,254
T-MOBILE US TRUST 2025-2 4.34% 04/22/2030 144A 270,000 ** 272,818
USAA AUTO OWNER TRUST 2023-A 5.58% 05/15/2028 144A 85,791 ** 86,540
USB AUTO OWNER TRUST 2025-1 4.49% 06/17/2030 144A 85,000 ** 85,873
VOLKSWAGEN AUTO LOAN ENHANCED TRUST 2023-1 5.02% 06/20/2028 139,075 ** 140,077
VOLKSWAGEN AUTO LOAN ENHANCED TRUST 2023-2 5.48% 12/20/2028 265,278 ** 269,024
WELLS FARGO CARD ISSUANCE TRUST 4.34% 05/15/2030 335,000 ** 340,172
WHEELS FLEET LEASE FUNDING 1 LLC 25-3A A1 0% 09/18/2040 144A 200,000 ** 200,850
WORLD OMNI AUTO RECEIVABLES TR 2023-D 5.79% 02/15/2029 214,258 ** 217,352
WORLD OMNI AUTO RECEIVABLES TR 2024-A 4.86% 03/15/2029 394,011 ** 396,998
WORLD OMNI AUTO RECEIVABLES TR 2024-B 5.27% 09/17/2029 167,475 ** 169,411
WORLD OMNI AUTO RECEIVABLES TRUST 2023-C 5.15% 11/15/2028 29,343 ** 29,582
WORLD OMNI AUTOMOBILE LEASE SECURITIZATION TR 2024-A 5.26% 10/15/2027 167,000 ** 168,477
Total Asset Backed Securities - $ 9,292,759
16
Table of Contents
NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN
EIN: 59-2449419 PLAN# 002
SCHEDULE H, LINE 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2025
(a) (b)
Identity of issue, borrower, lessor, or similar party 		(c)
Description of investment including maturity date, rate of interest, collateral, par, or maturity value 		(d) Cost (e)
Current value
Corporate Bonds:
MORGAN STANLEY BK NA SALT LAKE 4.968%/VAR 07/14/2028 284,000 ** $ 294,516
ALPHABET INC 3.875% 11/15/2028 280,000 ** 283,023
ALPHABET INC 4.1% 11/15/2030 280,000 ** 282,613
BANK OF AMERICA CORPORATION 4.948%/VAR 07/22/2028 800,000 ** 828,860
BANK OF MONTREAL QUE 5.37% 06/04/2027 360,000 ** 368,928
BANK OF NOVA SCOTIA 4.404%/VAR 09/08/2028 420,000 ** 428,025
BANQUE FED CRED MUTUEL PARIS 5.194% 02/16/2028 144A 300,000 ** 312,611
CANADIAN IMPERIAL BK OF COMM 3.45% 04/07/2027 800,000 ** 802,373
CANADIAN IMPERIAL BK OF COMM 5.237% 06/28/2027 300,000 ** 305,816
CITIBANK NA 4.576% 05/29/2027 370,000 ** 375,278
CME GROUP INC 4.4% 03/15/2030 370,000 ** 380,116
DUKE ENERGY CAROLINAS LLC 4.85% 03/15/2030 158,000 ** 164,923
EQUINOR ASA 1.75% 01/22/2026 120,000 ** 120,778
GUARDIAN LIFE GLOBAL FUNDING 1.4% 07/06/2027 144A 800,000 ** 776,651
* JPMORGAN CHASE & CO 2.947%/VAR 02/24/2028 604,000 ** 602,921
* JPMORGAN CHASE & CO 4.851%/VAR 07/25/2028 500,000 ** 516,974
* JPMORGAN CHASE & CO 5.571%/VAR 04/22/2028 255,000 ** 262,844
* MASSMUTUAL GLOBAL FDG II 5.1% 04/09/2027 144A 412,000 ** 422,782
MET TOWER GLOBAL FUNDING 4% 10/01/2027 144A 150,000 ** 151,808
MET TOWER GLOBAL FUNDING 4.2% 09/16/2030 144A 230,000 ** 231,736
META PLATFORMS INC 3.85% 08/15/2032 420,000 ** 413,534
META PLATFORMS INC 4.2% 11/15/2030 154,000 ** 155,368
METROPOLITAN LIFE GLOBAL FUNDING I 4.9% 01/09/2030144A 380,000 ** 397,705
MORGAN STANLEY BK NA SALT LAKE 5.016%/VAR 01/12/2029 250,000 ** 260,491
MORGAN STANLEY PRIVATE BANK NA 4.465%/VAR 11/19/2031 330,000 ** 332,614
NORDEA BANK ABP 4.375% 03/17/2028 144A 370,000 ** 378,601
PACIFIC LIFE GF II 4.5% 08/28/2029 144A 420,000 ** 430,497
PRICOA GLOBAL FDG I 4.4% 08/27/2027 144A 430,000 ** 440,326
PRICOA GLOBAL FDG I 4.7% 05/28/2030 144A 370,000 ** 378,119
RGA GLOBAL FUNDING 5.448% 05/24/2029 144A 213,000 ** 221,572
* STATE STREET CORP 2.203%/VAR 02/07/2028 510,000 ** 505,223
* STATE STREET CORP 4.53%/VAR 02/20/2029 203,000 ** 208,961
TORONTO DOMINION BANK 4.783% 12/17/2029 295,000 ** 302,475
WESTERN-SOUTHERN GLOBAL FUNDING 4.5% 07/16/2028 144A 360,000 ** 370,112
WESTERN-SOUTHERN GLOBAL FUNDING 4.9% 05/01/2030 144A 38,000 ** 39,199
Total Corporate Bonds - $ 12,748,373
Synthetic guaranteed investment contract and wrapper contracts:
ADJUSTMENT FROM FAIR VALUE TO CONTRACT VALUE GUARANTEED INVESTMENT CONTRACT ** $ 4,575,893
Total synthetic guaranteed investment contract and wrapper contracts - $ 4,575,893
*
Participant loans 3.25% - 8.50%
Majority maturing 2026 - 2030 		** $ 74,562,266
Total investments at year end $ 503,931,259 $ 6,111,977,175
* Party-in-interest
** Historical cost is disclosed only for nonparticipant-directed investments
17
Table of Contents
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Employee Benefit Plans Administrative Committee has duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: June 17, 2026
NextEra Energy, Inc. Employee Retirement Savings Plan
(Name of Plan)
By: /s/ Nicole J. Daggs
Nicole J. Daggs
Chairperson of the Employee Benefit Plans Administrative Committee
18
Table of Contents
EXHIBIT INDEX
Exhibit
Number 		Description
23(a)
Consent of Crowe LLP
19
NextEra Energy Inc. published this content on June 18, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on June 18, 2026 at 10:01 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]