Electrabel paid record 10.4 billion EUR dividend to French parent company
Belgian energy company Electrabel paid a record dividend of 10.4 billion euros to its French parent group Engie in 2025, while also transferring tens of billions of euros in assets, according to reports by De Tijd and L’Echo on Thursday.
The payment comes on top of the record 6.2 billion euro dividend for the 2024 financial year, which had already been announced last year.
According to Electrabel’s annual accounts, the Brussels-based company’s balance sheet total fell sharply from 52.1 billion euros to 20.5 billion euros last year. The restructuring is linked to the Phoenix deal concluded between the Belgian government and Engie at the end of 2023.
Under the agreement, the nuclear reactors Doel 4 and Tihange 3 will remain operational until 2035. In return for a payment of nearly 16 billion euros, Engie was able to transfer financial responsibility for nuclear waste storage to the Belgian state.
The deal, finalised in March last year, also allowed Engie to reorganise and transfer major international holdings out of Electrabel.
In total, Electrabel sold historic holdings worth 41.5 billion euros to Engie in 2025. Among the transfers was International Power, a London-based holding company with power plants in South America, Asia and the Middle East, which was sold to Engie for 20.8 billion euros.
Assets worth a further 19.2 billion euros were transferred from subsidiary Engie Energy Management to the parent group.
Doel nuclear power plant © PHOTO IMAGO
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