Czech power company CEZ has increased its profit forecast for 2025

• CEZ's net profit in the first half of 2025 will decrease to 779 million dollars.
• The company has raised its profit forecast for 2025 to 26-30 billion crowns.
• CEZ and the government have signed an agreement worth 18 billion dollars regarding the construction of new nuclear reactors.

The Czech energy company CEZ reported a net profit of 16.5 billion Czech crowns (779 million dollars) for the first half of 2025, which is a decrease compared to 21.1 billion Czech crowns for the same period last year.

These results surpass expectations, and the company has raised its profit forecast for this year from a range of 25-29 billion Czech crowns to 26-30 billion, reported General Director Daniel Beneš.

The Czech state holds nearly 70% of the company's shares.

CEZ's net profit in 2024 was 30.5 billion Czech crowns.

The company, along with the Czech government, jointly owns a subsidiary, which signed an agreement at the beginning of this year with the state-owned Korean company KHNP for the construction of two nuclear reactors in the country for a total of 18 billion dollars.

The new reactors will be built on the existing Dukovany power plant site, which belongs to CEZ, as the country seeks to reduce dependence on fossil fuels.

Tags: Europe/Economy/Energy/Czech Republic