Lisbon, Nov. 6, 2025 (Lusa) - The Lisbon stock market is trading lower on Thursday morning, with EDP and EDP Renováveis shares falling 4.06% to €4.21 and 2.30% to €12.75.
At around 9:35 a.m. in Lisbon, the benchmark PSI (Portuguese Share Index) was maintaining its opening trend and falling 1.09% to 8,391.91 points, against a new high since January 2010 of 8,484.01 points recorded on 5 November, with 12 stocks falling, two rising and two maintaining their price (Corticeira Amorim at €6.77 and Ibersol at €10.01).
EDP announced on Wednesday that it recorded a profit of €952 million in the first nine months of the year, down 12% compared to the same period in 2024, according to information disclosed to the market.
Recurring net income - which excludes extraordinary effects such as gains from the sale of assets - reached €974 million, up 5% year-on-year, benefiting from increased renewable capacity and the good performance of the electricity networks in Portugal and Spain, according to the statement issued to the market regulator, the Portuguese Securities Market Commission (CMVM).
The company highlighted that installed capacity grew by 3.4 gigawatts, which allowed for a 14% increase in total electricity production, despite a 9% drop in the average sale price.
On Wednesday, EDP Renováveis (EDPR) also announced that it had profits of €107 million between January and September, 49% less than in the same months of 2024, the company revealed in a communication to the Portuguese Securities Market Commission (CMVM).
EBITDA (earnings before interest, taxes, depreciation and amortisation) was €1.39 billion in the first three quarters of the year, an increase of 7% compared to €1.294 billion in the same period of 2024.
EDP Renováveis, based in Madrid, is a subsidiary and majority-owned by the EDP Group, operating in the field of renewable energy.
The shares of the two EDP companies were followed by those of Teixeira Duarte, Mota-Engil and CTT, which were also falling in value, by 1.72% to €0.68, 1.36% to €5.78 and 0.83% to €7.20, respectively.
More moderately, Sonae and Semapa shares were down 0.57% to €1.40 and 0.56% to €17.72, while Jerónimo Martins and REN shares were both falling 0.45% to €22.04 and €3.34.
The other three shares that were below the water line were Altri (-0.41% to €4.88), Navigator (-0.20% to €3.03) and Galp (-0.06% to €17.73).
In the other direction, BCP and NOS shares were rising 1.14% to €0.78 and 0.27% to €3.68.
The main European stock markets opened lower today, on a day where interest is focused on the Bank of England's (BoE) decision on key interest rates, which it is expected to maintain, as well as on corporate results.
Investors, who are awaiting the continued publication of corporate results, are paying close attention to the outcome of the BoE meeting, waiting to see if it will finally maintain rates, in addition to the Bank of Norway, which will also decide on its monetary policy today.
Wall Street closed higher on Wednesday after the US Supreme Court expressed scepticism about President Donald Trump's power to impose tariffs.
Car manufacturer Tesla is holding its annual general meeting today, at which the result of the vote to decide whether CEO Elon Musk will receive compensation of one trillion dollars in shares that would allow him to control the company will be announced.
Brent, the benchmark crude oil in Europe, for delivery in January 2026, is trading at US$63.53, up from US$63.52 on Wednesday.
The euro is stronger, rising to US$1.1513 on the Frankfurt foreign exchange market, compared to US$1.1480 on Wednesday and the new four-year high of US$1.1865 recorded on 16 September.
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