EDF Reports Record €11.4 Billion Profit in 2024 Despite Challenges

The French energy giant credits increased nuclear and hydroelectric production but faces mounting debt and major upcoming projects.

EDF achieved a record profit of €11.4 billion in 2024, driven by an 11% increase in electricity production, primarily from nuclear and hydroelectric sources.
Despite the profit, EDF's revenue fell by 15.7% to €118.7 billion due to declining electricity market prices.
The company remains burdened by a €54.3 billion debt, which has remained stable compared to the previous year.
EDF's new Flamanville EPR reactor, connected to the grid in late 2024 after years of delays, is expected to reach full capacity by summer 2025.
Negotiations with the French government continue over financing six new EPR2 reactors, with costs estimated below €100 billion, and a final plan expected in the coming months.