03/12/2026 | Press release | Distributed by Public on 03/12/2026 00:20
Prague, March 12 (CTK) - Semi-state energy group CEZ saw its net profit fall by CZK1.7bn, or 5.8 percent, year-on-year to CZK27.4bn last year, mainly due to higher depreciation, with operating profit (EBITDA), adjusted net profit, and operating revenues also declining, according to data the company made public today.
Despite this, the company exceeded its original expectations for last year's performance.
The CEZ Group is one of the largest energy companies in Czechia. Its majority shareholder is the state, which holds approximately 70 percent of the shares through the Finance Ministry. In recent weeks, the ANO, SPD, and Motorists government announced a plan to take full control of the company. It wants to achieve this during the current election period.
tam/er