The results for 3Q25 will show strong growth in the Distribution segment due to the consolidation of the acquired company, GasNet. According to our projections, EBITDA for the quarter will reach CZK32.0bn (+3.7% yoy), while net profit will reach CZK5.8bn (+57% yoy). These estimates represent 79% and 80% of the full-year targets, respectively. We expect CEZ's management to reiterate its guidance.