Our Investment Proposition

We are invested in a sustainable energy future

Since our foundation almost 100 years ago, we have always been fully invested in the lives of the customers and communities we serve. We plan for the long term, constantly striving to find solutions that benefit society, now and in the future.

In March 2024, we compiled a roadmap on how we plan to reach our ambitions set out in our strategy - Driven to Make a Difference: Net Zero by 2040. This roadmap set out our intermediate reduction targets, strategic performance indicators (SPIs) as well as the work being undertaken by us to support decarbonisation across society more broadly.

Leading Irish Energy Utility

- 97.7% Irish Government owned
- Markets include Ireland and Great Britain
- Owns all onshore transmission and distribution networks in ROI and NI.
-Regulated asset base in 2025 of c.€15bn
- Irish electricity market: 24% share of generation and 32% share of supply

Stable Business Profile

- Regulated networks businesses in Ireland accounts for, on average, 61% of Group EBITDA and 70% of Group Assets as at December 31 2025
- Supported by established and transparent regulatory frameworks regarded as robust by credit rating agencies

Consistent Financial Performance

- Consistently solid EBITDA
- Diversified funding and strong liquidity position
- Credit ratings A and A3

Key Strategic Performance Indicators to 2030

Our renewable generation target of 5GW by 2030

2 GW in 2025

Renewables connected to our network target of 24.6GW by 2030

9.8GW in 2025

Share of ESB generation from zero carbon sources target of 63% by 2030

24.8%

Target of 2.6m smart meter installations by 2030

2.1 million

*Carbon emissions from our generation portfolio was 314gCo2 /kWh in 2025 with a target of 140 gCo2 /kWh in 2030.

Our Credit Rating

A strong credit rating is important to ensure necessary financial flexibility to support our Net Zero by 2040 strategy. We have credit ratings from Moody’s and Standard and Poor’s and this rating ensures necessary predictability when it comes to funding access to relevant capital markets at favourable terms and conditions.

ESB Networks

Sole owner and operator of distribution network and sole owner of the onshore transmission network in Republic of Ireland. Regulated Asset Base (RAB) €12bn in 2025. PR6 Revenue Determination (2026-2030). Weighted average cost of capital of 4% pre-tax real.

Northern Ireland Electricity Networks (NIE Networks)

Sole owner and operator of distribution network and sole owner of transmission network in Northern Ireland.
The company had a regulated asset base of £2.6bn in 2025. RP7 Revenue Determination (April 2025-March 2031).
NIE Networks has a weighed average cost of capital of 4.53% post-tax real.

Generation Trading

Generation portfolio 6.3 GW (2 GW renewables) and 24% market share in 2025. Diversified fuel mix. Co 2 output and carbon intensity reduced by 68% and 53% respectively from 2005.Benefits from capacity and regulatory supports. CDP B (Leadership Category).

Customer Solutions (including Electric Ireland)

Retail business supplying electricity, gas and energy services to customers in Republic of Ireland, Northern Ireland and Great Britain. 32% share of Irish* electricity market. * Irish = ROI and NI.

Our business division overview

ESB business overview detailing total assets, EBITDA and Capex
Business Unit	Total Assets (excluding cash) by business	EBITDA before exceptional items and certain remeasurements	Capital investment by business
ESB Networks	54%	47%	52%
NIE Networks	16%	14%	12%
Generation Trading	23%	28%	33%
Customer Solutions	4%	9%	2%
Other Segments	3%	2%	1%
FY 2025	€18.8bn	€1.9bn	€2.7bn

Available Liquidity - 2025 financial year of €4.5bn

Available Liquidity for 2024 financial year in cash and committed facilities
Cash	40%
Committed Facilities	60%

More details on our debt structure is available on our debt information website page.