EDF: French energy giant posts worst-ever results. Energy prices may have jumped to unprecedented highs, but for France's state-controlled power company EDF 2022 was a miserable year with record annual losses of €17.9bn (£16bn).A price cap on energy for French consumers hit EDF profits hard but so did the enforced closure of many of its of nuclear power stations for repairs.The losses are the third biggest in French corporate history and the worst for more than 20 years.EDF's debts have spiralled to €64.5bn.
On an underlying basis, EDF's losses came in at €4.99bn. The figure was in marked contrast to EDF's UK-based business, which made an underlying profit of £1.12bn (€1.26bn) supplying electricity and gas to five million households.
https://www.bbc.com/news/world-europe-64674131
They can cleverly juggle numbers and can play hide and seek with fiscal numbers as muchg as they want - at the end of the day, stuff costs money, there aint no such thing as a free lunch, and no aid package ever came for free. States give no presents: they steal the people's money and then redistribute it according to populistic interest of party fat cats.