Ren Redes Energeticas Nacionais SGPS SA
F:RN4
Utilize notes to systematically review your investment decisions. By reflecting on past outcomes, you can discern effective strategies and identify those that underperformed. This continuous feedback loop enables you to adapt and refine your approach, optimizing for future success.
Each note serves as a learning point, offering insights into your decision-making processes. Over time, you'll accumulate a personalized database of knowledge, enhancing your ability to make informed decisions quickly and effectively.
With a comprehensive record of your investment history at your fingertips, you can compare current opportunities against past experiences. This not only bolsters your confidence but also ensures that each decision is grounded in a well-documented rationale.
Do you really want to delete this note?
This action cannot be undone.
This alert will be permanently deleted.
Income Statement
Earnings Waterfall
Ren Redes Energeticas Nacionais SGPS SA
Income Statement
Ren Redes Energeticas Nacionais SGPS SA
| Sep-2007 | Dec-2007 | Mar-2008 | Jun-2008 | Sep-2008 | Dec-2008 | Mar-2009 | Jun-2009 | Sep-2009 | Dec-2009 | Mar-2010 | Jun-2010 | Sep-2010 | Dec-2010 | Mar-2011 | Jun-2011 | Sep-2011 | Dec-2011 | Mar-2012 | Jun-2012 | Sep-2012 | Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
0
|
83
|
0
|
0
|
0
|
90
|
0
|
0
|
0
|
85
|
0
|
0
|
0
|
81
|
0
|
0
|
0
|
104
|
0
|
0
|
0
|
89
|
0
|
0
|
0
|
131
|
0
|
0
|
0
|
129
|
0
|
26
|
0
|
108
|
0
|
52
|
0
|
88
|
0
|
34
|
0
|
72
|
0
|
38
|
0
|
66
|
0
|
31
|
0
|
68
|
0
|
36
|
0
|
57
|
0
|
25
|
0
|
46
|
0
|
22
|
0
|
49
|
0
|
28
|
0
|
66
|
0
|
39
|
60
|
81
|
77
|
89
|
82
|
|
| Revenue |
405
N/A
|
555
+37%
|
543
-2%
|
522
-4%
|
518
-1%
|
494
-5%
|
509
+3%
|
505
-1%
|
519
+3%
|
552
+6%
|
596
+8%
|
695
+17%
|
774
+11%
|
1 225
+58%
|
988
-19%
|
992
+0%
|
1 000
+1%
|
917
-8%
|
896
-2%
|
879
-2%
|
853
-3%
|
811
-5%
|
805
-1%
|
788
-2%
|
789
+0%
|
789
N/A
|
775
-2%
|
764
-2%
|
742
-3%
|
756
+2%
|
767
+1%
|
823
+7%
|
831
+1%
|
819
-1%
|
805
-2%
|
743
-8%
|
734
-1%
|
739
+1%
|
747
+1%
|
751
+0%
|
758
+1%
|
748
-1%
|
758
+1%
|
763
+1%
|
759
0%
|
727
-4%
|
905
+24%
|
1 079
+19%
|
1 108
+3%
|
787
-29%
|
1 168
+48%
|
1 169
+0%
|
1 145
-2%
|
758
-34%
|
1 119
+48%
|
1 137
+2%
|
1 162
+2%
|
838
-28%
|
1 226
+46%
|
1 236
+1%
|
1 230
-1%
|
825
-33%
|
1 243
+51%
|
1 323
+6%
|
1 356
+3%
|
991
-27%
|
1 438
+45%
|
1 442
+0%
|
1 457
+1%
|
1 032
-29%
|
1 523
+48%
|
1 558
+2%
|
1 587
+2%
|
|
| Gross Profit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(0)
|
(146)
|
(0)
|
(1)
|
(1)
|
(79)
|
(1)
|
(1)
|
(1)
|
(80)
|
(48)
|
(112)
|
(186)
|
(476)
|
(87)
|
(95)
|
(101)
|
(371)
|
(19)
|
(15)
|
47
|
(174)
|
(170)
|
(135)
|
(161)
|
(163)
|
(153)
|
(142)
|
(126)
|
(144)
|
(144)
|
(209)
|
(222)
|
(223)
|
(226)
|
(162)
|
(151)
|
(156)
|
(158)
|
(160)
|
(162)
|
(137)
|
(137)
|
(134)
|
(123)
|
(104)
|
(129)
|
(148)
|
(182)
|
(166)
|
(243)
|
(248)
|
(228)
|
(143)
|
(205)
|
(226)
|
(247)
|
(216)
|
(296)
|
(295)
|
(279)
|
(176)
|
(257)
|
(288)
|
(305)
|
(269)
|
(368)
|
(386)
|
(394)
|
(324)
|
(451)
|
(469)
|
(509)
|
|
| Gross Profit |
405
N/A
|
409
+1%
|
543
+33%
|
521
-4%
|
518
-1%
|
415
-20%
|
508
+22%
|
505
-1%
|
518
+3%
|
472
-9%
|
548
+16%
|
583
+6%
|
588
+1%
|
750
+27%
|
901
+20%
|
897
0%
|
898
+0%
|
547
-39%
|
877
+60%
|
864
-1%
|
900
+4%
|
638
-29%
|
634
-1%
|
652
+3%
|
628
-4%
|
626
0%
|
623
-1%
|
622
0%
|
616
-1%
|
612
-1%
|
624
+2%
|
615
-1%
|
608
-1%
|
596
-2%
|
579
-3%
|
581
+0%
|
583
+0%
|
584
+0%
|
590
+1%
|
591
+0%
|
597
+1%
|
611
+2%
|
621
+2%
|
629
+1%
|
636
+1%
|
623
-2%
|
776
+24%
|
931
+20%
|
927
0%
|
621
-33%
|
925
+49%
|
921
0%
|
917
0%
|
616
-33%
|
914
+48%
|
910
0%
|
915
+0%
|
622
-32%
|
930
+50%
|
941
+1%
|
950
+1%
|
649
-32%
|
986
+52%
|
1 036
+5%
|
1 051
+2%
|
722
-31%
|
1 070
+48%
|
1 056
-1%
|
1 063
+1%
|
708
-33%
|
1 073
+52%
|
1 090
+2%
|
1 078
-1%
|
|
| Operating Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(167)
|
(153)
|
(303)
|
(258)
|
(313)
|
(187)
|
(280)
|
(288)
|
(281)
|
(232)
|
(296)
|
(339)
|
(358)
|
(499)
|
(637)
|
(629)
|
(617)
|
(261)
|
(581)
|
(562)
|
(590)
|
(323)
|
(323)
|
(346)
|
(321)
|
(306)
|
(308)
|
(310)
|
(309)
|
(309)
|
(311)
|
(313)
|
(312)
|
(316)
|
(317)
|
(317)
|
(321)
|
(322)
|
(326)
|
(327)
|
(330)
|
(345)
|
(354)
|
(361)
|
(368)
|
(365)
|
(453)
|
(543)
|
(544)
|
(369)
|
(551)
|
(561)
|
(563)
|
(387)
|
(575)
|
(581)
|
(585)
|
(402)
|
(598)
|
(602)
|
(605)
|
(408)
|
(614)
|
(636)
|
(644)
|
(455)
|
(669)
|
(668)
|
(679)
|
(461)
|
(698)
|
(716)
|
(712)
|
|
| Selling, General & Administrative |
(128)
|
(43)
|
(172)
|
(150)
|
(148)
|
(50)
|
(129)
|
(130)
|
(135)
|
(48)
|
(128)
|
(130)
|
(129)
|
(51)
|
(439)
|
(430)
|
(421)
|
(48)
|
(364)
|
(340)
|
(365)
|
(112)
|
(110)
|
(133)
|
(107)
|
(94)
|
(96)
|
(95)
|
(95)
|
(95)
|
(94)
|
(95)
|
(93)
|
(96)
|
(95)
|
(94)
|
(96)
|
(95)
|
(98)
|
(99)
|
(100)
|
(110)
|
(111)
|
(113)
|
(116)
|
(115)
|
(146)
|
(172)
|
(171)
|
(116)
|
(172)
|
(181)
|
(183)
|
(126)
|
(187)
|
(194)
|
(198)
|
(145)
|
(212)
|
(213)
|
(215)
|
(145)
|
(219)
|
(238)
|
(243)
|
(184)
|
(263)
|
(261)
|
(271)
|
(186)
|
(284)
|
(296)
|
(288)
|
|
| Depreciation & Amortization |
(91)
|
(124)
|
(126)
|
(128)
|
(129)
|
(130)
|
(131)
|
(134)
|
(137)
|
(160)
|
(168)
|
(175)
|
(183)
|
(173)
|
(176)
|
(178)
|
(181)
|
(182)
|
(184)
|
(189)
|
(194)
|
(197)
|
(199)
|
(200)
|
(201)
|
(201)
|
(202)
|
(202)
|
(203)
|
(203)
|
(204)
|
(206)
|
(208)
|
(209)
|
(211)
|
(212)
|
(214)
|
(215)
|
(216)
|
(216)
|
(217)
|
(222)
|
(226)
|
(231)
|
(235)
|
(235)
|
(294)
|
(352)
|
(352)
|
(236)
|
(354)
|
(357)
|
(358)
|
(241)
|
(361)
|
(362)
|
(362)
|
(242)
|
(364)
|
(368)
|
(370)
|
(249)
|
(374)
|
(376)
|
(377)
|
(253)
|
(379)
|
(380)
|
(381)
|
(255)
|
(384)
|
(390)
|
(393)
|
|
| Other Operating Expenses |
52
|
14
|
(5)
|
19
|
(36)
|
(8)
|
(20)
|
(24)
|
(9)
|
(24)
|
(1)
|
(34)
|
(46)
|
(275)
|
(21)
|
(21)
|
(15)
|
(31)
|
(33)
|
(33)
|
(31)
|
(14)
|
(13)
|
(12)
|
(13)
|
(11)
|
(11)
|
(12)
|
(12)
|
(12)
|
(13)
|
(12)
|
(12)
|
(11)
|
(11)
|
(12)
|
(12)
|
(12)
|
(13)
|
(12)
|
(12)
|
(13)
|
(16)
|
(17)
|
(17)
|
(15)
|
(14)
|
(19)
|
(21)
|
(17)
|
(25)
|
(24)
|
(23)
|
(20)
|
(26)
|
(25)
|
(26)
|
(15)
|
(22)
|
(21)
|
(20)
|
(13)
|
(20)
|
(23)
|
(25)
|
(18)
|
(26)
|
(27)
|
(27)
|
(20)
|
(29)
|
(29)
|
(29)
|
|
| Operating Income |
237
N/A
|
256
+8%
|
240
-6%
|
263
+10%
|
205
-22%
|
228
+11%
|
229
+0%
|
217
-5%
|
238
+10%
|
240
+1%
|
252
+5%
|
244
-3%
|
231
-6%
|
251
+9%
|
264
+5%
|
268
+2%
|
282
+5%
|
286
+2%
|
296
+3%
|
302
+2%
|
310
+3%
|
315
+1%
|
311
-1%
|
307
-1%
|
307
0%
|
320
+5%
|
314
-2%
|
312
-1%
|
306
-2%
|
303
-1%
|
313
+3%
|
302
-3%
|
296
-2%
|
280
-5%
|
262
-7%
|
264
+1%
|
262
-1%
|
262
+0%
|
264
+1%
|
263
0%
|
267
+2%
|
266
0%
|
268
+1%
|
268
+0%
|
268
0%
|
258
-4%
|
323
+25%
|
388
+20%
|
382
-1%
|
252
-34%
|
373
+48%
|
360
-3%
|
354
-2%
|
229
-35%
|
339
+48%
|
329
-3%
|
329
+0%
|
220
-33%
|
332
+51%
|
339
+2%
|
345
+2%
|
241
-30%
|
372
+54%
|
399
+7%
|
407
+2%
|
267
-34%
|
402
+50%
|
388
-3%
|
384
-1%
|
247
-36%
|
374
+52%
|
374
0%
|
366
-2%
|
|
| Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(50)
|
(74)
|
(71)
|
(65)
|
(62)
|
(57)
|
(49)
|
(53)
|
(53)
|
(60)
|
(73)
|
(78)
|
(81)
|
(85)
|
(85)
|
(89)
|
(94)
|
(95)
|
(115)
|
(124)
|
(130)
|
(136)
|
(110)
|
(106)
|
(115)
|
(111)
|
(114)
|
(105)
|
(94)
|
(111)
|
(109)
|
(107)
|
(105)
|
(97)
|
(97)
|
(95)
|
(90)
|
(79)
|
(73)
|
(66)
|
(62)
|
(63)
|
(63)
|
(62)
|
(63)
|
(59)
|
(77)
|
(95)
|
(90)
|
(57)
|
(84)
|
(78)
|
(80)
|
(48)
|
(75)
|
(71)
|
(67)
|
(43)
|
(65)
|
(63)
|
(62)
|
(36)
|
(59)
|
(56)
|
(67)
|
(38)
|
(82)
|
(91)
|
(98)
|
(59)
|
(105)
|
(100)
|
(85)
|
|
| Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(3)
|
0
|
0
|
(3)
|
0
|
(3)
|
3
|
5
|
0
|
5
|
0
|
0
|
0
|
0
|
(1)
|
(1)
|
0
|
0
|
0
|
(0)
|
0
|
(1)
|
(1)
|
(1)
|
0
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
0
|
(0)
|
(0)
|
(0)
|
(1)
|
(2)
|
(2)
|
(2)
|
(1)
|
(2)
|
(2)
|
(2)
|
(3)
|
(4)
|
(3)
|
(3)
|
0
|
0
|
(1)
|
(1)
|
|
| Total Other Income |
(0)
|
5
|
1
|
1
|
2
|
1
|
2
|
2
|
0
|
6
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
(8)
|
0
|
0
|
(1)
|
0
|
(28)
|
(29)
|
(28)
|
(32)
|
(24)
|
(23)
|
(23)
|
(3)
|
0
|
(0)
|
(1)
|
(1)
|
(2)
|
(1)
|
(2)
|
(1)
|
0
|
(0)
|
1
|
1
|
1
|
1
|
3
|
1
|
5
|
6
|
5
|
4
|
6
|
5
|
4
|
1
|
2
|
1
|
(0)
|
0
|
(0)
|
1
|
0
|
(9)
|
(12)
|
(19)
|
(16)
|
(6)
|
(2)
|
0
|
11
|
3
|
15
|
10
|
(3)
|
|
| Pre-Tax Income |
187
N/A
|
188
+0%
|
169
-10%
|
199
+17%
|
146
-27%
|
172
+18%
|
181
+5%
|
166
-8%
|
185
+11%
|
185
N/A
|
179
-3%
|
167
-7%
|
150
-10%
|
167
+11%
|
179
+8%
|
179
N/A
|
187
+4%
|
180
-4%
|
181
+1%
|
178
-2%
|
177
0%
|
179
+1%
|
171
-4%
|
175
+2%
|
169
-3%
|
178
+5%
|
182
+2%
|
183
+1%
|
190
+4%
|
189
-1%
|
204
+8%
|
195
-5%
|
190
-2%
|
182
-5%
|
164
-10%
|
168
+2%
|
169
+1%
|
181
+7%
|
191
+5%
|
197
+3%
|
205
+4%
|
204
0%
|
204
0%
|
205
+1%
|
206
+0%
|
199
-3%
|
249
+25%
|
298
+20%
|
296
-1%
|
198
-33%
|
293
+48%
|
285
-3%
|
276
-3%
|
182
-34%
|
266
+46%
|
259
-2%
|
262
+1%
|
176
-33%
|
265
+50%
|
275
+4%
|
282
+3%
|
194
-31%
|
300
+54%
|
323
+8%
|
322
0%
|
220
-32%
|
313
+42%
|
295
-6%
|
294
0%
|
190
-35%
|
285
+50%
|
283
-1%
|
278
-2%
|
|
| Net Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(43)
|
(42)
|
(38)
|
(45)
|
(37)
|
(45)
|
(47)
|
(45)
|
(49)
|
(51)
|
(52)
|
(52)
|
(53)
|
(56)
|
(60)
|
(57)
|
(61)
|
(59)
|
(60)
|
(55)
|
(54)
|
(55)
|
(53)
|
(58)
|
(54)
|
(57)
|
(57)
|
(55)
|
(54)
|
(51)
|
(53)
|
(40)
|
(39)
|
(40)
|
(36)
|
(48)
|
(49)
|
(55)
|
(58)
|
(58)
|
(61)
|
(53)
|
(53)
|
(54)
|
(53)
|
(58)
|
(71)
|
(84)
|
(85)
|
(55)
|
(82)
|
(76)
|
(72)
|
(45)
|
(67)
|
(68)
|
(71)
|
(52)
|
(78)
|
(80)
|
(81)
|
(54)
|
(83)
|
(89)
|
(91)
|
(43)
|
(70)
|
(66)
|
(63)
|
(15)
|
(31)
|
(12)
|
(4)
|
|
| Income from Continuing Operations |
145
|
145
|
132
|
153
|
109
|
127
|
134
|
121
|
136
|
134
|
127
|
115
|
97
|
110
|
120
|
122
|
127
|
121
|
121
|
123
|
123
|
124
|
118
|
117
|
115
|
121
|
125
|
128
|
136
|
138
|
151
|
155
|
151
|
142
|
128
|
120
|
121
|
126
|
133
|
138
|
144
|
152
|
151
|
151
|
153
|
141
|
178
|
214
|
211
|
143
|
211
|
210
|
205
|
137
|
199
|
191
|
190
|
124
|
187
|
194
|
201
|
140
|
216
|
234
|
231
|
178
|
243
|
229
|
232
|
175
|
254
|
271
|
273
|
|
| Income to Minority Interest |
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Net Income (Common) |
145
N/A
|
145
+0%
|
132
-9%
|
153
+16%
|
108
-29%
|
127
+18%
|
134
+5%
|
121
-10%
|
136
+12%
|
134
-1%
|
127
-5%
|
115
-10%
|
97
-15%
|
110
+14%
|
120
+8%
|
122
+2%
|
127
+4%
|
121
-5%
|
121
+0%
|
123
+2%
|
123
+0%
|
124
+0%
|
118
-5%
|
117
-1%
|
115
-2%
|
121
+6%
|
119
-2%
|
116
-3%
|
117
+1%
|
113
-4%
|
126
+12%
|
117
-7%
|
107
-9%
|
116
+9%
|
70
-40%
|
81
+16%
|
95
+17%
|
100
+6%
|
108
+7%
|
113
+5%
|
119
+5%
|
126
+6%
|
126
0%
|
126
+0%
|
128
+2%
|
116
-10%
|
154
+33%
|
165
+7%
|
162
-2%
|
119
-27%
|
158
+33%
|
153
-3%
|
148
-3%
|
109
-26%
|
144
+32%
|
137
-5%
|
136
-1%
|
97
-29%
|
132
+36%
|
138
+5%
|
145
+5%
|
112
-23%
|
160
+43%
|
177
+11%
|
175
-1%
|
149
-15%
|
186
+25%
|
172
-8%
|
174
+2%
|
153
-13%
|
203
+33%
|
220
+8%
|
222
+1%
|
|
| EPS (Diluted) |
0.25
N/A
|
0.26
+4%
|
0.22
-15%
|
0.26
+18%
|
0.18
-31%
|
0.23
+28%
|
0.24
+4%
|
0.22
-8%
|
0.25
+14%
|
0.24
-4%
|
0.22
-8%
|
0.2
-9%
|
0.17
-15%
|
0.2
+18%
|
0.22
+10%
|
0.22
N/A
|
0.23
+5%
|
0.21
-9%
|
0.21
N/A
|
0.21
N/A
|
0.21
N/A
|
0.22
+5%
|
0.2
-9%
|
0.2
N/A
|
0.19
-5%
|
0.22
+16%
|
0.22
N/A
|
0.2
-9%
|
0.2
N/A
|
0.2
N/A
|
0.22
+10%
|
0.2
-9%
|
0.18
-10%
|
0.2
+11%
|
0.12
-40%
|
0.14
+17%
|
0.16
+14%
|
0.17
+6%
|
0.18
+6%
|
0.19
+6%
|
0.21
+11%
|
0.18
-14%
|
0.18
N/A
|
0.18
N/A
|
0.21
+17%
|
0.17
-19%
|
0.23
+35%
|
0.24
+4%
|
0.24
N/A
|
0.17
-29%
|
0.23
+35%
|
0.23
N/A
|
0.22
-4%
|
0.16
-27%
|
0.21
+31%
|
0.2
-5%
|
0.2
N/A
|
0.14
-30%
|
0.19
+36%
|
0.2
+5%
|
0.21
+5%
|
0.16
-24%
|
0.24
+50%
|
0.26
+8%
|
0.26
N/A
|
0.22
-15%
|
0.28
+27%
|
0.25
-11%
|
0.26
+4%
|
0.22
-15%
|
0.3
+36%
|
0.33
+10%
|
0.33
N/A
|
|