E D F TRADING LIMITED — The Accounts

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Next accounts due

2026-09-30 (in 4mo)

Last filed for 2024-12-31

Confirmation statement due

2027-03-15 (in 10mo)

Last made up 2026-03-01

Watchouts

1 item

Cash

£2B

EUR 2,675,181,000

-19% vs 2023

Net assets

£5B

EUR 5,275,463,000

-18.5% vs 2023

Employees

593

+12.1% vs 2023

Profit before tax

£1B

EUR 1,347,258,000

-51.8% vs 2023

Watchouts

Facts from the Companies House register and the latest accounts — not a rating

4 officer resignations in last 12 months

Multiple officers have left the board recently — see the People section for who.

Net assets

2-year trend · vs Utilities median

E D F TRADING LIMITED·Utilities median · n=1652

Accounts

2-year trend · latest reflected 2024-12-31

Metric	2023-12-31	2024-12-31
Turnover	£2,718,036,351	£1,267,073,659
Operating profit	£2,457,811,114	£1,087,034,525
Profit before tax	£2,432,196,713	£1,171,630,577
Net profit	£2,228,856,422	£1,141,084,442
Cash	£2,872,242,804	£2,326,446,648
Total assets less current liabilities	£5,660,363,510	£4,613,191,582
Net assets	£5,627,588,486	£4,587,758,066
Equity	£5,627,588,486	£4,587,758,066
Average employees	529	593
Wages	£166,745,804	£97,946,778
Directors' remuneration	£1,877,555	£2,286,286

Figures converted to GBP from EUR at 0.870 per EUR (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. About these numbers

Year-on-year

FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31

Turnover

-53.4%

£2,718,036,351 £1,267,073,659
Cash

-19%

£2,872,242,804 £2,326,446,648
Net assets

-18.5%

£5,627,588,486 £4,587,758,066
Employees

+12.1%

529 593
Operating profit

-55.8%

£2,457,811,114 £1,087,034,525
Profit before tax

-51.8%

£2,432,196,713 £1,171,630,577
Wages

-41.3%

£166,745,804 £97,946,778

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Ratios

Computed from the line items above — sparklines read oldest → newest

Ratio	2023-12-31	2024-12-31
Operating margin	90.4%	85.8%
Net margin	82.0%	90.1%
Return on capital employed	43.4%	23.6%
Gearing (liabilities / total assets)	83.7%	73.3%
Current ratio	1.14x	1.23x
Interest cover	20.44x	6.10x

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Name history

Renamed 1 time since incorporation

E D F TRADING LIMITED 2000-01-10 → present
LOUIS DREYFUS ELECTRICITY & GAS LIMITED 1999-04-07 → 2000-01-10

Audit & accounting basis

Accounting basis: IFRS
Reporting scope: Consolidated group
Auditor: PricewaterhouseCoopers LLP
Audit opinion: Unqualified (clean)
Going concern: Affirmed
“The directors have reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis when preparing the financial statements.”

Group structure

E D F TRADING LIMITED · parent
1. EDF Trading (Switzerland) AG 100% · Switzerland · Power trading
2. EDF Trading Bioenergy Limited 100% · UK · Dormant or not trading
3. EDF Trading Europe Limited 100% · Ireland · Fuels trader and arranger on behalf of the Company
4. EDF Trading Electricidad y Gas, S.L. 100% · Spain · Marketeer on behalf of the Company
5. EDF Trading Markets Limited 100% · UK · Arranger on behalf of the Company
6. EDF Trading Singapore Pte. Limited 100% · Singapore · Marketeer on behalf of the Company
7. EDF Trading Japan KK 100% · Japan · Power trading
8. EDF Energy Marketing Mexico, S.A. de C.V. 100% · Mexico · Dormant or not trading
9. EDF Trading Polska Sp. Z.o.o. 100% · Poland · Dormant or not trading

Significant events

“On 7 January 2025, the Group disposed of its shareholding in associate ENAG Energiefinanzierungs A.G. for a consideration of €15.6m.”
“On 26 March 2025, the Group agreed to broaden its relationship with the JERA Group and entered a Japanese power trading joint venture, which commenced activity on 1 April 2025. The Group will manage its 33.33% interest through an equity holding in JERA Global Markets Holdings Limited, into which the Group injected $50m of equity on 1 April 2025.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

People

10 active · 56 resigned

Name	Role	Appointed	Born	Nationality
SANTI, Guido	Secretary	2019-04-01	—	—
BIGOIS, Beatrice Marie	Director	2020-01-01	May 1969	French,English
BILLION, Sylvie Catherine Marcelle	Director	2021-04-01	Mar 1958	French
BUFFON, Béatrice-Sophie Aude, Diane-Aleth, Marie, Françoise	Director	2020-03-13	Apr 1974	French
BÜSSENSCHÜTT, Brün Philipp	Director	2026-01-01	May 1970	Austrian
DUMONT, Agnès	Director	2025-06-09	Jun 1970	French
FOURCADE, Eric Fabrice	Director	2025-07-22	Apr 1965	French
GUYLER, Robert	Director	2015-05-05	Dec 1966	British
LARUELLE, Claude Olivier Francois	Director	2025-11-27	Oct 1967	French
LE GAC, Sabine	Director	2014-07-18	Jul 1975	French

Show 56 resigned officers

Name	Role	Appointed	Resigned
CARRUTHERS, James Mcinally	Secretary	1999-04-07	1999-12-31
MACFARLANE, David	Secretary	1999-12-31	2005-04-12
QUICK, Robert William	Secretary	2006-11-14	2019-04-01
RITTENHOUSE, John Hunter	Secretary	2005-04-12	2006-12-11
BALHORN, Randall Dean	Director	1999-04-07	1999-12-31
BARTHELEMY, Christophe	Director	2003-09-29	2005-01-31
BENAYOUN, Marc	Director	2016-07-01	2026-01-16
BENSASSON, Bruno	Director	2018-04-23	2024-04-05
BIGOIS, Beatrice Marie	Director	2008-10-14	2014-09-15
CAHUZAC, Antoine Francois Christophe	Director	2014-07-18	2018-04-23
CALVEZ, Didier	Director	2003-09-29	2006-05-30
CAMUS, Daniel	Director	2003-01-29	2003-09-29
CAPERAN, Loic Lucien Emmanuel	Director	1999-12-31	2003-06-17
CAPERTON, Roderick Lawrence	Director	1999-04-07	1999-12-31
CAREME, Francois	Director	2002-01-18	2003-09-29
CARLIER, Pierre	Director	1999-12-31	1999-12-31
CHAUVIN, Jacques Marie	Director	1999-12-31	2003-01-29
CONNELLY, Andrew	Director	1999-12-31	2003-08-29
CREUZET, Gerard	Director	2003-09-29	2005-01-31
D'ESCATHA, Yannick	Director	2000-01-26	2003-03-27
DE RIVAZ, Vincent	Director	2005-01-31	2007-04-18
FRANCONY, Michel	Director	2000-05-16	2005-01-31
GATEFF, Georges Jean	Director	2000-05-16	2003-08-29
GENDRY, Benedicte	Director	2010-05-06	2014-07-16
GIRRE, Xavier	Director	2017-07-20	2025-06-27
HERVE, Francis Paul Henri Pierre	Director	2003-09-29	2004-02-27
HUET, Philippe Victor Paul	Director	2005-01-31	2008-09-01
LAIGNEAU, Marianne	Director	2005-01-31	2020-02-08
LAWRENCE, Martin Charles	Director	2007-04-18	2013-12-31
LE LORIER, Anne Nathalie	Director	2006-11-14	2010-07-28
LEDERER, Pierre Maurice	Director	2010-02-16	2012-10-01
LESCOEUR, Bruno Jean	Director	2005-01-31	2016-06-07
LOUIS DREYFUS, Gerard Charles Henri	Director	1999-04-23	2003-08-29
MACFARLANE, David	Director	2004-03-09	2010-05-17
MALLABY, Christopher Leslie George, Sir	Director	1999-04-23	2003-03-27
MARTIN, Stanislas Hugues Patrick Marie Foulques	Director	2017-06-01	2025-06-09
MATHIAS, Jean Louis	Director	2005-01-31	2010-02-16
PIQUEMAL, Thomas Daniel Pierre	Director	2013-07-10	2016-03-07
PIQUEMAL, Thomas Daniel Pierre	Director	2010-05-06	2010-08-19
PIVET, Nathalie	Director	2017-06-01	2017-07-13
REBER, Laurent Jean-Lionel	Director	2018-03-29	2022-05-24
RICH (JNR), Simon B	Director	1999-04-23	2003-08-29
RITTENHOUSE, John Hunter	Director	2006-04-07	2019-12-31
RITTENHOUSE, John Hunter	Director	1999-04-07	1999-12-31
RIUTORT, Marc	Director	1999-12-31	2002-01-18
ROGER-SELWAN, Stephanie	Director	2016-06-15	2026-03-31
ROSSI, Simone	Director	2014-09-15	2017-07-17
ROTH, Gerard	Director	2013-05-14	2015-01-01
THOMAS, Eric Maurice Jean Louis	Director	2013-05-14	2014-04-25
TORRION, Philippe	Director	2005-01-31	2017-07-21
TORTAJADA, Stephane Luc Jean Marie	Director	2010-07-28	2013-07-10
VENET, Dominique	Director	2004-03-09	2005-01-31
VERGER, Emmanuelle	Director	2017-06-01	2018-03-20
VIANDIER, Magali Fabienne Renée	Director	2013-07-10	2019-06-11
WOLF, Gerard George	Director	2007-07-04	2013-05-15
WOLFRAM, Steven Lawrence	Director	2014-07-18	2017-01-17

Ownership

Persons with significant control

Name	Kind	Nature of control	Notified	Status
Edf Sa	Corporate entity	Shares 75–100%, Voting 75–100%, Appoints directors	2016-04-06	Active

Filing timeline

Last 20 of 234 total filings

Material constitutional events — rename, articles re-file, resolution

2024-05-17 MA Memorandum articles
2022-08-04 MA Memorandum articles

Date	Type	Category	Description
2026-04-23	MR04	mortgage	Mortgage satisfy charge full	PDF
2026-04-07	TM01	officers	Termination director company with name termination date	PDF
2026-03-16	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2026-01-19	TM01	officers	Termination director company with name termination date	PDF
2026-01-16	AP01	officers	Appoint person director company with name date	PDF
2025-11-27	AP01	officers	Appoint person director company with name date	PDF
2025-07-23	AP01	officers	Appoint person director company with name date	PDF
2025-06-27	TM01	officers	Termination director company with name termination date	PDF
2025-06-13	AA	accounts	Accounts with accounts type group
2025-06-10	AP01	officers	Appoint person director company with name date	PDF
2025-06-09	TM01	officers	Termination director company with name termination date	PDF
2025-03-03	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2024-06-05	AA	accounts	Accounts with accounts type group
2024-05-17	MA	incorporation	Memorandum articles
2024-04-05	TM01	officers	Termination director company with name termination date	PDF
2024-03-04	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2023-06-20	AA	accounts	Accounts with accounts type group
2023-05-25	MR01	mortgage	Mortgage create with deed with charge number charge creation date	PDF
2023-03-01	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2022-08-04	MA	incorporation	Memorandum articles

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings: 11
Capital events: 0
Officers appointed: 4
Officers resigned: 4

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

Official Companies House page