Shareholder structure
| SHAREHOLDER | COUNTRY | NO. OF SHARES | % OF CAPITAL | % OF TOTAL VOTES | LAST UPDATE |
|---|---|---|---|---|---|
| China Three Gorges Corporation (1) | China | 929,037,388 | 22.20% | 22.20% | 31/12/2025 |
| BlackRock, Inc. (2) | United States | 349,509,773 | 8.35% | 8.76% | 31/12/2025 |
| Oppidum Capital, S.L. (3) | Spain | 285,414,883 | 6.82% | 6.82% | 31/12/2025 |
| EDP (Treasury Stock) | - | 50,123,439 | 1.20% | - | 31/12/2025 |
| Remaining Shareholders | - | 2,569,936,141 | 61.43% | - | 31/12/2025 |
| TOTAL | 4,184,021,624 | 100% |
Notes:
For purposes of determining the percentage of 25% of the votes that may be issued by a shareholder, are considered the voting rights attached to shares held by other entities attributable to it pursuant to paragraph 1 of Article 20 of the Portuguese Securities Code.
According to paragraph 3 of article 15 of EDP's Articles of Association, votes from a shareholder on its own account or on behalf of another shareholder, shall not be cast in the event that they exceed 25% of the total votes corresponding the total share capital.
(1) China Three Gorges (Europe), S.A. is the direct owner the shareholding, which is ultimately owned by China Three Gorges Corporation.
(2) The percentage of voting rights includes, in addition to the voting rights inherent to shares, the voting rights attached to other financial instruments attributable to the Participant under the applicable legislation, as per the latest information shared by BlackRock, Inc. as of 31/12/2025.
(3) According to paragraph 1 (b) of article 20 of the Portuguese Securities Code, the voting rights inherent to the share capital held by Oppidum Capital, SL and Flicka Forestal, SL are imputable to Fernando Masaveu Herrero. Oppidum Capital, SL is 55.9% owned by Masaveu Internacional, S.L. and 44.1% owned by Unicaja Banco S.A. In turn, Masaveu Internacional, SL is 100% held by Corporación Masaveu, SA. Corporación Masaveu, SA is 41.38% held by Fundación María Cristina Masaveu Peterson, 10.73% by Flicka Forestal, SL and 0.03% by Fernando Masaveu Herrero. Fernan-do Masaveu Herrero controls Fundación María Cristina Masaveu Peterson, Flicka Forestal, SL and Peña Maria, S.L. Additionally, Fernando Masaveu Herrero’s spouse holds 18,467 shares of EDP’s share capital. Also, three depend-ents of Fernando Masaveu Herrero - Pedro Masaveu Compostizo, Jaime Masaveu Compostizo and Elias Masaveu Compostizo - hold each 542 shares of EDP's share capital. In this sense, in total, 7.02% of the voting rights of EDP, corresponding to 293,857,969 shares of EDP’s share capital, are imputable to Fernando Masaveu Herrero as of 26/01/2026.
Data as of December 2025
| 82.6% Institucional Shareholders: |
|---|
| 22.2% China |
| 13.9% North America |
| 10.4% United Kingdom |
| 8.8% Iberia |
| 15.7% Rest of Europe |
| 5.3% Asia Pacific |
| 8.4% Rest of the World |