Transcript Call Transcript


Enagas, SA (Otcpk: enggf) Q2 2025 Earnings Conference Call July 22, 2025 2:30 AM ET

Company Participants

Arturo Gonzalo Aizpiri – CEO & Executive Director
Felisa Martin Villan – Public Affairs & Investor Relations General Manager
Luis Romero Urrestarazu – Chief Financial Officer

Conference Call Participants

Arthur Sitbon – Morgan Stanley, Research Division
Fernando Lafuente Sesena – Aantra Equities Society of Securities, SA, Research Division
Doménech Ignacio – JB Capital Markets, Values Society, SA, Division Research
Javier Fernandez Garrido – JPMorgan Chase & Co, Research Division
Javier Suarez Hernandez – Mediobanca— Banca di Credito Financial Spa, Research Division

Felisa Martin Villan

Good morning, ladies and gentlemen. Welcome to this Enagás earnings call for the first 6 months of 2025.

Our earnings were published this morning before the market opened, and the figures are already available on our website, www.enagas.es.

Arturo Gonzalez (sic) ( Arturo Gonzalo ), Chief Executive Officer of Enagás, will be leading this call, which should take about 20 minutes, his presentation, after which we will start a Q&A in which we will try and answer your questions in as much detail as possible.

Thank you very much for your attention. I’m giving the floor now to Arturo Gonzalo.

Arturo Gonzalo Aizpiri

Good morning, ladies and gentlemen, and thank you very much for your attention. I’d like to welcome you to this earnings presentation for the first semester 2025.

And here with me And here with me are our CFO, Luis Romero; our Board Secretary and CLO, Diego Trillo; our Chief Officer for Communications, Institutional and Investor Relations, Felisa Martin; our Head of Investor Relations, César García; and the Head of Management Control and Business Analysis, Natalia Mora-Gil.

I will begin my presentation with the main milestones in the implementation of our strategic plan during the semester. And then I



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