ČEZ posts CZK 30.5 billion profit in 2024

The net profit of the ČEZ Energy Group reached CZK 30.5 billion last year, which is three percent more than in 2023, according to a report released by the power utility. Operating profit before tax was CZK 137.5 billion, which represents a year-on-year increase of CZK 12.6 billion. According to the company, the increase in profit was helped by the fact that it is no longer obligated to pay tax on excess profits, which amounted to CZK 10bn a year earlier. According to the company's CEO Daniel Beneš, the company's results exceeded expectations. "We have had a successful nuclear year, which has contributed to the energy security and self-sufficiency of the Czech Republic. In addition to the continued preparation for the construction of large nuclear units, we have made a significant step in the field of small modular reactors and secured new supplies of non-Russian nuclear fuel for both the Temelín and Dukovany power plants," Beneš said.