CEZ, AS - Company Profile
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Business Description
CEZ, AS (CEZ) is an integrated energy conglomerate that generates, distributes, and sells electricity and heat, and trades electricity, natural gas, and other commodities, as well as extracts and sells coal. It also provides comprehensive energy services, technologies for electricity generation and storage, and energy savings services.
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R&D Overview
CEZ has undertaken a wide range of research and development initiatives focusing on nuclear and non-nuclear energy technologies, safety and operational aspects of nuclear reactors, energy storage technologies, hydrogen technologies, and the development of advanced materials and components. The company is involved in projects supported by various national and international programs, including Horizon Europe and Euratom, and collaborates with industrial entities, research organizations, and universities. The company is also working on the development of hydrogen generation from renewable energy, energy-efficient buildings, and innovative technologies for the energy sector. The research and development units of the company include Centrum vyzkumu Rez (Rez Research Center), which focuses on research, development, and innovation in the energy sector, particularly nuclear energy. It operates the research infrastructure of the Czech International Center of Research Reactors and is involved in projects related to advanced nuclear technologies, energy storage, and fusion technologies. UJV Rez supports the safe and efficient operation of energy sources, radioactive waste management, and the development of hydrogen technologies and nuclear medicine. In FY2025, the company spent CZK1,276.7 million on R&D, which as a percentage of revenue, stood at 0.4% and declined 7.4% YoY.
Business Segments
Overview
Distributes electricity to end users. In FY2025, the segment incurred a capital expenditure of CZK19754 million, which declined 13.1% YoY.
Performance
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Overview
Generates electricity in nuclear, combined cycle gas turbine, and coal-fired power plants; and heat in brown coal and hard coal facilities. In FY2025, the segment incurred a capital expenditure of CZK29,105 million, which grew 3.1% YoY.
Performance
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Overview
Extracts, treats, and sells brown coal. - Operates through Severoceske doly, a largest Czech brown coal mining company. - Sells coal to its sister companies within the group and also exports to other countries. In FY2025, the segment incurred a capital expenditure of CZK1,861 million, which declined 3% YoY.
Performance
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Overview
Sells electricity, natural gas and heat. - Serves commercial, retail, residential retail, OTE, large and medium sized customers. In FY2025, the segment incurred a capital expenditure of CZK6,040 million, which grew 31.1% YoY.
Performance
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Geographical Segments
Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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