BAKU, Azerbaijan, July 22. Spanish gas transmission operator Enagás reported a net debt of 2.299 billion euros as of June 30, 2025, marking a reduction of 105 million euros since the end of 2024, Trend reports via the company.
The company’s financial cost of gross debt decreased to 2.2% at the end of the first half of 2025, down from 2.8% a year earlier and 2.6% at end-2024. Enagás attributed this positive evolution to the sale of its stake in Tallgrass Energy in July 2024 and the cancellation of 700 million dollars of debt.
Enagás’ FFO/DN ratio as of June 30, 2025, stood at 28.3%, slightly down from 28.7% at the end of last year. More than 80% of the company’s debt is at fixed rates, with an average maturity of five years.
EBITDA for the first half of 2025 reached 329.3 million euros, in line with the company’s plans to achieve its annual target of 670 million euros. Funds from operations (FFO) as of June 30 stood at 293.8 million euros, including 91.2 million euros of dividends received from affiliates.
